The global concrete admixtures market size was valued at USD 15.8 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.8% from 2020 to 2027. Rising product demand from the construction industry coupled with favorable properties of admixtures including water reduction, durability, and others augments the market growth over the forecast period. Concrete admixtures are natural or manufactured chemicals or additives that are added during the concrete mixing process to enhance the properties of the concrete, such as workability, durability, and final strength.
The admixtures can modify certain characteristics of concrete, such as heat of hydration, water reduction, and accelerate or retard setting time. China’s construction industry is one of the largest in the Asia Pacific region on account of the rising need for residential and commercial buildings as a result of the growing population. Thus, China accounted for a significant share, in terms of product consumption, in the region. This trend is expected to continue over the forecast period owing to the high adoption of construction materials.
Concrete admixtures play a crucial role in the construction industry. The demand for various admixtures is based on the properties that they exhibit and the areas where they are used. The construction industry is the key end-user for the market, therefore, fluctuation in the construction sector might impact the market growth directly. The market is expected to be driven by the growing number of commercial and residential construction projects, as well as by the increasing commissioning of infrastructural projects, particularly in Asia Pacific.
A large number of manufacturers are engaged in research & development activities to introduce sustainable construction materials favoring the concrete admixtures market. Key players in the market are focusing on maintaining or strengthening their position through innovation, product development, acquisition, and geographic expansion.
The water-reducing admixture segment led the market and accounted for more than 48% of the global revenue share in 2019. The segment is projected to expand further at a steady CAGR over the forecast period on account of the wide usage of these products in various applications in the construction industry.
Admixtures are used to enhance the properties of the concrete for specialized construction applications. For instance, when the amount of water in the concrete mixture is reduced, the mixture becomes dense and offers high strength and enhances the overall performance.
Superplasticizers are considered as one of the fastest-growing segments in the market owing to their water-reducing, strength enhancement, and plasticizing properties. The use of admixtures is gaining prominence in conventional concrete construction as they offer a viable solution for improving the workability of the concrete.
The product use and its composition vary extensively based on various external factors, such as type of structure - bridges; weather- cold, humid, and other; the specific need of functionality - building with significant height, and other factors for the sustainability of buildings.
Asia Pacific accounted for the largest revenue share of more than 37% in 2019 and is anticipated to emerge as the fastest-growing regional market over the forecast period. This growth is attributed to rapid industrialization and potential market prospects in the region. North America is also estimated to register a significant growth owing to the growing construction activities in the U.S. and Canada. In addition, the strong presence of multinational companies and their respective brands are projected to fuel the market growth facilitated by rising infrastructural development in the region.
Europe is expected to account for a considerable market share by 2027 owing to the increasing demand for innovative and technologically advanced construction materials and the associated market from the residential application segment in the region. The growing geriatric population has highlighted the need for investment in the construction of healthcare establishments, which will also support market growth. The rapidly growing global construction industry and the ever-increasing population across the world will drive the overall market.
The market has witnessed extensive competition on account of constant innovations and growing demand for construction chemical products. Global participants compete on the basis of product quality and capability of undertaking government and other major infrastructure projects. The market is characterized by the presence of a significant consumer base across the globe, with the companies operating their business through dedicated distribution networks. Some of the prominent players in the concrete admixtures market include:
GCP Applied Technologies, Inc.
RPM International, Inc.
Market size value in 2020
USD 15.42 billion
Market volume in 2020
Revenue forecast in 2027
USD 23.0 billion
Volume forecast in 2027
CAGR of 4.8% from 2020 to 2027 (Revenue-based)
Base year for estimation
2016 - 2018
2020 - 2027
Volume in kilotons, revenue in USD million/billion, and CAGR from 2020 to 2027
Volume forecast, revenue forecast, company ranking, competitive landscape, growth factors, and trends
North America; Europe; Asia Pacific; Rest of the World
The U.S.; Canada; Mexico; Germany; The U.K.; France; China; India; Japan; Brazil
Key companies profiled
Sika AG; BASF SE; GCP Applied Technologies Inc.; RPM International, Inc.; Fosroc, Inc.; Mapei SpA; CHYRSO SAS; Rhein-Chemotechnik GmbH
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This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global concrete admixtures market report on the basis of product and region:
Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
Water Reducing Admixtures
Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
Rest of the World
b. The global concrete admixtures market size was estimated at USD 15.89 billion in 2019 and is expected to reach USD 15.42 billion in 2020.
b. The concrete admixtures market is expected to grow at a compound annual growth rate of 4.8% in terms of revenue from 2020 to 2027 to reach USD 23.07 billion by 2027.
b. Water reducing admixture segment dominated the concrete admixtures market with a share of 48.9% in 2019, favorable properties and extensive use of plasticizers and superplasticizers in the concrete mixture.
b. Some of the key players operating in the concrete admixtures market include Sika AG, BASF SE, GCP Applied Technologies Inc., RPM International, Inc., Fosroc Inc., Mapei SpA, CHYRSO SAS, and Rhein-Chemotechnik GmbH.
b. The concrete admixtures market is expected to grow at a significant rate over the estimated time frame owing to their properties such as high strength, water reduction, retardation, durability, and others to concrete, thereby making it ideal for use in infrastructure components.
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