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Concrete Admixtures Construction Chemical Market – By Admixture Type (Water Reducing, High Range Water Reducing, Accelerators, Alkali/Alkali Free, Air Entraining, Water Resisting, Admixtures for Mortars & Grouts, Retarding Admixtures and Others), By End User (Residential Construction, Commercial Construction, Industrial Construction, Infrastructure), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030
Concrete Admixtures Construction Chemical Market Overview:
Concrete Admixtures Construction Chemical Market size is estimated to reach US$26.5 billion by 2030, growing at a CAGR of 7.7% during the forecast period 2024-2030. Surge in infrastructure constructions and repairs are driving the demand for Concrete Admixtures Construction Chemicals. This trend is expected to boost the growth of the Concrete Admixtures Construction Chemical Market during the forecast period.
Additionally, there is a growing demand for green buildings as green building practices play a key role in achieving sustainability in the construction industry. The construction sector has the highest potential for delivering significant and cost-effective greenhouse gas emission reductions, according to the UN Environment Programme. This boosts the Concrete Admixtures Construction Chemical industry outlook during the forecast period.
Market Snapshot:
Concrete Admixtures Construction Chemical Market - Report Coverage:
The “Concrete Admixtures Construction Chemical Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Concrete Admixtures Construction Chemical Market.
COVID-19 / Ukraine Crisis - Impact Analysis:
● The construction industry has seen many ups and downs throughout the pandemic. Construction came to a complete standstill due to lockdown measures and stay at home mandates. After the initial lockdown when economic activities were allowed, the construction industry still faced challenges in the form of supply chain disruptions and operational constraints. Some building-materials supply chains have also been interrupted, suspending production and distribution. This in turn has also affected the concrete admixtures construction chemicals market.
● The Russia-Ukraine war has introduced uncertainties in global markets, affecting various industries, including the construction sector. Concrete Admixtures Construction Chemicals are subject to price volatility due to various factors such as energy prices, transportation costs, and currency exchange rates. Economic instability and geopolitical tensions have led to fluctuations in concrete admixture prices, potentially impacting the cost of construction. The war's broader economic repercussions may influence investment decisions and government policies, shaping the trajectory of the concrete admixtures construction chemicals market.
Key Takeaways:
● Dominance of APAC
Geographically, in the Concrete Admixtures Construction Chemical market share, the Asia Pacific region is analyzed to hold a dominant market share of 42% in 2023 owing to the owing to the construction boom in the region. China’s construction sector is expanding rapidly. According to the National Bureau of Statistics, China’s construction output is estimated to be worth approximately US$4.9 trillion in 2022, up by 3.8% over 2021. China plans to invest US$1.43 trillion in key construction projects as part of its 14th five-year plan. As per the National Development and Reform Commission (NDRC), the Shanghai plans calls for a total investment of US$38.7 billion over the next three years. The Japanese construction industry is expected to boom as the World Expo will be hosted in Osaka, Japan in 2025. Such developments boost the Construction Chemicals Market size in the region.
● High Range Water Reducing is the Fastest Growing Segment
In the Concrete Admixtures Construction Chemical Market forecast, the phosphonate segment is estimated to grow with a CAGR of 8.5% during the forecast period. High range water reducing concrete admixtures are also called as superplasticizers. They help in reducing water content by 12 to 30% and can be added to concrete with a low-to-normal slump and water-cement ratio to make high-slump flowing concrete. The use of superplasticizers produces high strength concrete (strength up to 22,000 psi). Superplasticizers can also be utilized in producing flowing concrete which can be used in a heavy reinforced structure with inaccessible areas. Another benefit of superplasticizer is that, it helps in initial setting time and can be accelerated or retarded, up/down to an hour earlier or later according to its chemical reaction. Thus, the growing demand for superplasticizers is expected to drive the demand for concrete admixtures.
● Residential Construction to Hold Largest Market Share
According to the Concrete Admixtures Construction Chemical Market analysis, the residential segment is estimated to hold the largest market share in 2023. Construction spending on buildings is projected to increase just over 6% in 2023, according to the mid-year update of the American Institute of Architect’s AIA Consensus Construction Forecast. The demand for apartments, condos and townhomes is high as single-family homes have become more expensive and less available due to lack of space. As per a report from the U.S. Commerce Department, homebuilding increased in August 2022 as rising rents boosted the construction of multi-family housing to the highest level in more than 36 years. The number of apartments under construction (890,000 residents in 2-plus unit properties) as of September 2022 is at the highest level since the first quarter of 1974, according to the National Association of Home Builders (NAHB).
● Surge in Infrastructure Construction
Infrastructure is the backbone of the economy. Access to quality infrastructure expands economic opportunities. Infrastructure needs to be maintained as it can degrade overtime. Apart from building new infrastructure, maintenance and repair of existing infrastructure are also of high importance. Some 20% or 173,000 miles of the United States’ highways and major roads are in poor condition, as are 45,000 bridges, according to the White House. The Mega grant program, created by the bipartisan Infrastructure Investment and Jobs Act, funds projects that are too large for traditional funding programs, which include highway, bridge, freight, port, passenger rail, and public transportation projects. The Mega program will invest a total of $5 billion through 2026 to help rebuild the United States’ infrastructure. Peru is improving its transportation infrastructure. The Lima Metro Line 2 project, with an estimated cost of US$5.8 billion, is one of the largest infrastructure projects ever undertaken in Peru and is scheduled for completion in 2024. The surge in infrastructure construction drives the concrete admixtures construction chemicals market size during the forecast period
● Rising Need for Green Buildings
A green building is a building that, in its design, construction or operation, reduces or eliminates negative impacts, and can create positive impacts, on the climate and natural environment. For construction of a green building, materials that are non-toxic and sustainable are used. Admixtures enable the optimization of concrete mix designs, allowing for the use of locally available materials and reducing the reliance on scarce or non-renewable resources. This contributes to sustainable sourcing practices in green construction. Apart from adding more strength to the buildings, these admixtures bring down the volume of water and cement used in the construction process According to the Indian Green Building Council, the energy savings from green buildings could range from 20-30% and water savings around 30-50%. Hence with the growing interest in green buildings, the concrete admixtures construction chemical industry is also expected to grow.
● Compatibility Issues to Impede to Market growth
Different admixtures may have chemical interactions with components like cement, aggregates, or other admixtures. These interactions can lead to undesirable effects, such as reduced effectiveness, altered setting times, or compromised concrete performance. Admixtures, if not compatible, can impact the setting time of concrete. Accelerators or retarders, for example, may interfere with each other, leading to unpredictable changes in the concrete's early or final setting times. Incompatible admixtures might compromise the strength development and overall durability of concrete. This can affect the long-term performance and structural integrity of the construction. This might prove to be a challenge for the concrete admixture construction chemical market.
Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Concrete Admixtures Construction Chemical Market. The top 10 companies in this industry are listed below:
1. Sika AG
2. Yara International
3. Normet Group
4. CEMEX S.A.B. de C.V.
5. The Dow Chemical Company
6. BASF SE
7. Euclid Chemicals
8. Bostik
9. CICO Group
10. Mapei
Scope of Report:
1. Concrete Admixtures Construction Chemical Market- Overview
1.1. Definitions and Scope
2. Concrete Admixtures Construction Chemical Market- Executive Summary
3. Concrete Admixtures Construction Chemical Market- Comparative Analysis
3.1. Company Benchmarking - Key Companies
3.2. Global Financial Analysis - Key Companies
3.3. Market Share Analysis - Key Companies
3.4. Patent Analysis
3.5. Pricing Analysis
4. Concrete Admixtures Construction Chemical Market- Start-up Companies Scenario Premium
4.1. Key Start-up Company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Venture Capital and Funding Scenario
5. Concrete Admixtures Construction Chemical Market– Market Entry Scenario Premium Premium
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing Business Index
5.3. Case Studies of Successful Ventures
6. Concrete Admixtures Construction Chemical Market- Forces
6.1. Market Drivers
6.2. Market Constraints
6.3. Market Challenges
6.4. Porter's Five Force Model
6.4.1. Bargaining Power of Suppliers
6.4.2. Bargaining Powers of Customers
6.4.3. Threat of New Entrants
6.4.4. Rivalry Among Existing Players
6.4.5. Threat of Substitutes
7. Concrete Admixtures Construction Chemical Market– Strategic Analysis
7.1. Value Chain Analysis
7.2. Opportunities Analysis
7.3. Market Life Cycle
8. Concrete Admixtures Construction Chemical Market– by Type (Market Size – $Million/$Billion)
8.1. Water Reducing
8.2. High Range Water Reducing
8.3. Accelerators
8.4. Alkali/Alkali Free
8.5. Air Entraining
8.6. Water Resisting
8.7. Admixtures for Mortars & Grouts
8.8. Retarding Admixtures
8.9. Others
9. Concrete Admixtures Construction Chemical Market– by Catalytic Reaction (Market Size – $Million/$Billion)
9.1. Residential Construction
9.1.1 Independent homes
9.1.2 Row homes
9.1.3 Large apartment buildings
9.2. Commercial Construction
9.2.1 Hospitals and Healthcare Infrastructure
9.2.2 Educational Institutes
9.2.3 Hotels and Restaurants
9.2.4 Banks and Financial Institutions
9.2.5 Airports
9.2.6 Hyper and Super Markets
9.2.7 Shopping Malls
9.2.8 Others
9.3. Industrial Construction
9.4. Infrastructure
9.4.1 Tunnels and Mining
9.4.2 Dams
9.4.3 Bridges
9.4.4 Roads
9.4.5 Others
10. Concrete Admixtures Construction Chemical Market– by Geography (Market Size – $Million/$Billion)
10.1. North America
10.1.1. U.S.
10.1.2. Canada
10.1.3. Mexico
10.2. Europe
10.2.1. U.K.
10.2.2. Germany
10.2.3. France
10.2.4. Italy
10.2.5. Spain
10.2.6. Netherlands
10.2.7. Rest of Europe
10.3. Asia-Pacific
10.3.1. China
10.3.2. Japan
10.3.3. South Korea
10.3.4. India
10.3.5. Australia & New Zealand
10.3.6. Rest of Asia-Pacific
10.4. South America
10.4.1. Brazil
10.4.2. Argentina
10.4.3. Colombia
10.4.4. Others
10.5. Rest of the World
10.5.1. Middle East
10.5.2. Africa
11. Concrete Admixtures Construction Chemical Market– Entropy
12. Concrete Admixtures Construction Chemical Market– Industry/Segment Competition Landscape Premium
12.1. Market Share Analysis
12.1.1. Market Share by Region – Key companies
12.1.2. Market Share by Countries – Key Companies
12.2. Competition Matrix
12.3. Best Practices for Companies
13. Concrete Admixtures Construction Chemical Market– Key Company List by Country Premium Premium
14. Concrete Admixtures Construction Chemical Market- Company Analysis
14.1. Sika AG
14.2. Yara International
14.3. Normet Group
14.4. CEMEX S.A.B. de C.V.
14.5. The Dow Chemical Company
14.6. BASF SE
14.7. Euclid Chemicals
14.8. Bostik
14.9. CICO Group
14.10. Mapei
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The Concrete Admixtures Construction Chemical Market is projected to grow at a CAGR of 7.7% during the forecast period 2023-2030.
Global Concrete Admixtures Construction Chemical Market size is estimated to be $14.2 billion in 2023 and is projected to reach $26.5 billion by 2030.
The leading players in the Concrete Admixtures Construction Chemical Market are Sika AG, Yara International, Normet Group, CEMEX S.A.B. de C.V., The Dow Chemical Company and Others
Admixtures that contribute to reducing the carbon footprint of concrete, such as those incorporating recycled materials or enhancing durability to extend the lifespan of structures, are likely to gain prominence which will create growth opportunities for the market during the forecast period.
Surge in infrastructure construction and the rising need for green buildings are the driving factors of the market.