Rising Infrastructure Development Activities Necessitate Robust Concrete Admixture Market Demand by 6.1% CAGR through 2032

 The global concrete admixture market is anticipated to expand at a robust CAGR of 6.1% over the forecast period between 2022 and 2032, finds Future Market Insights (FMI) in a recent study. The concrete admixture market is likely to be driven by its widespread use in various construction activities to enhance concrete efficiency.

The concrete admixture market is significantly driven by certain demographic and macro-economic factors, including urbanization, economic development, construction works, and infrastructure sector development. Concrete admixtures also help in reducing water use and enhancing efficiency, especially during the construction of high rise buildings.

Urgent need for water conservation is driving demand for water-reducing admixtures, which is further bolstering the global concrete admixture market. A water-reducing admixture can lower the water content of concrete mix by 15% – 30%. The market for concrete admixtures is thus set to be driven by extensive adoption of water-reducing admixtures such as plasticizers and superplasticizers worldwide.

As per FMI, the global market is anticipated to be dominated by East Asia and South Asia & Pacific in the evaluation period. Increasing government initiatives to push construction activities in countries of the aforementioned regions are projected to help the global concrete admixture market to reach US$ 27.4 Bn by 2032.

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“Demand for concrete admixtures is expected to be driven by increasing number of residential and infrastructure development activities globally. Besides, rising adoption of water-reducing admixtures to address water scarcity issues is projected to spur the market,” says a FMI analyst.

Key Takeaways: Concrete Admixture Market

• By application, demand for concrete admixture in the residential sector is expected to surge at a CAGR of 8% over the forecast period.

• The concrete admixture market in India is anticipated to witness growth at 5% CAGR throughout 2032.

• The China concrete admixture market is expected to showcase substantial growth at a CAGR of 9% in 2022-2032.

• Top 5 players in the global concrete admixture market generated nearly 25-30% of the concrete admixture market share in 2021.

• Europe and North America concrete admixture markets are projected to exhibit 1% and 5.4% of CAGR, respectively in the forecast period.

Competitive Landscape         

Some of the key players present in the global concrete admixture market include BASF SE, SIKA AG, GCP Applied Technologies, RPM International Inc., Fosroc International, Mapei S.P.A, CICO Technologies, CHRYSO S.A.S, Pidilite Industries Ltd, Rhein-Chemotechnik GmbH, Weber Saint-Gobain, Polisan Kimya San. A.S, Shandong Wanshan Chemical Co. Ltd., and CEMEX SAB de CV among others.

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Technological innovations and R&D activities are a couple of major strategies that are being employed by key players in the global concrete admixture market. They are also focusing on providing cost-effective products in emerging countries to generate high shares.

Meanwhile, some of the other key players are striving to improve their distribution networks to enhance their sales volume. In addition to that, they are investing in product innovations and focusing on the development of green technology to reduce carbon emissions.

For instance:

• In October 2021, Sika AG joined hands with the Swiss Federal Institute of Technology Lausanne to develop a concrete additive that uses limestone calcined clay cement (LC3) technology to cut CO2 emissions. It would help both companies to produce efficient and environmentally friendly cement with less clinker.

Concrete Admixture Market Outlook by Category

By Type:

• Accelerating Admixture

• Air Entraining Admixture

• Retarding Admixture

• Water Reducing Admixture

o Plasticizers

o Superplasticizers

• Water Proofing Admixture

• Others

By Application:

• Residential

• Infrastructure

• Commercial

• Industrial

By Region:

• North America

• Latin America

• Europe

• East Asia

• South Asia & Pacific

• Middle East & Africa

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More Valuable Insights on Concrete Admixture Market

In its latest report, FMI offers an unbiased analysis of the global concrete admixture market, providing historical data from 2017 to 2021 and forecast statistics for the period of 2022-2032. To understand the global market potential, its growth, and scope, the market is segmented based on type (accelerating admixture, air entraining admixture, retarding admixture, water reducing admixture [plasticizer and superplasticizer], water proofing admixture, and others) and application (residential, infrastructure, commercial, and industrial) across six regions (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa).

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product innovation & Diversification

4.3. Marketing and Brand management

4.4. Supply Chain Management

To be continued…!

About Chemicals and Materials Division at Future Market Insights

The Chemicals and Materials division of FMI offers a distinct and pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology in particular, with special emphasis on ‘green alternatives, recycling, and renewable technology developments, and supply-demand-trade assessment. Our research studies serve as referencing market guidelines for chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.

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