Concrete Admixtures Market Size, Share & COVID-19 Impact Analysis, By Type (Water reducing Admixtures, Accelerating Admixtures, Water Proofing Admixtures, Retarding Admixtures, Air Entraining Admixtures, and Others), Application (Residential, Infrastructure, Commercial, and Industrial), and Regional Forecast, 2021-2028

The global concrete admixtures market size was USD 18.05 billion in 2020. The global impact of COVID-19 has been unprecedented and staggering, with the product witnessing a negative demand shock across all regions amid the pandemic. Based on our analysis, the global market exhibited a huge decline of -7.2% in 2020 compared to the average year-on-year growth during 2017-2019. The market is projected to grow from USD 18.09 billion in 2021 to USD 31.44 billion in 2028 at a CAGR of 8.2% during the 2021-2028 period. The sudden rise/decline in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over.

Concrete admixtures are synthetic or natural additives, which are added during or before the concrete mixing process. The main purpose of adding these admixtures is to provide corrosion resistance, workability, durability, compressive strength, and finish ability properties to the buildings. The rapidly growing construction industry will boost the adoption of concrete, which results in increasing the demand for admixtures. Additionally, the ability of the product to minimize the time required by hardened concrete to cure coupled with rapid infrastructure development will further flourish the market growth during the forecast timeframe.  

Disruption in Construction Industry Due to Spread of COVID-19 Resulted in Market Decline

The disruption in the construction industry due to government restrictions implemented during the COVID-19 pandemic had a significant influence on the adoption of concrete admixtures. This pandemic had generated uncertainty and unprecedented delays on construction projects. Also, due to machinery closures, the severe shortage of trained and skilled labor, and a scarcity of raw materials, the building construction processing remained closed. According to the United Nations Environment Program (UNEP) organization, in 2020, the impact of COVID-19 on the global construction industry has been severe, and construction activities have decreased by 10–25% when compared with the previous year 2019. Furthermore, the pandemic had negatively disrupted the economy and has simultaneously affected businesses, households, industrial establishments, and financial institutions. However, various governments are coming up with supportive policies and seeking to re-establish their economy back on track. As a result, the construction industry is likely to stabilize over the next couple of years.

LATEST TRENDS

Request a Free sample to learn more about this report.

Rapid Growth in Construction Industry is a Prominent Trend

The rapidly growing construction industry in developed and developing countries will offer lucrative opportunities for concrete admixtures globally. These admixtures play a crucial role in the construction industry. They are ideal for offering durability and ensuring the high quality of concrete during mixing, curing, putting, and transporting. Several producers use admixtures primarily to modify the qualities of hardened concrete and lower the cost of concrete construction. Moreover, the increasing commissioning of infrastructural projects coupled with the growing number of commercial and residential buildings will boom the construction industry. Hence, such factors will drive the global market growth during the forecast timeframe. 

DRIVING FACTORS

Increasing Plasticizer Demand to Boost Market Growth

This market is growing at a rapid pace owing to the increasing demand for plasticizers for various applications in residential, commercial, and industrial structures. Plasticizers are commonly made of calcium, ammonium lignosulphonates, and sodium and are comprised of super and normal plasticizers. They are ideal for minimizing water from concrete and offer high strength, durability, and a good bond between steel & concrete. Moreover, workability is an important quality of concrete that improves with the addition of water; nevertheless, if water is added in excess, concrete's strength and durability are compromised. This leads to increasing the consumption of plasticizers in the concrete process. According to The Constructor Organization, the addition of these plasticizers can reduce the water content by 15-30% in the concrete mix. Further, these plasticizers also help to prevent segregation, cracking, bleeding, and honeycombing. Thus, increasing demand for plasticizers will boost the adoption of concrete admixtures.

RESTRAINING FACTORS

Environmental Impacts Caused by Concrete to Hamper Market Growth

Emissions caused by concrete may hamper the consumption of concrete type of admixtures. Due to the usage of Portland cement in concrete pavements, a significant quantity of carbon dioxide (CO2) is released into the environment. This further causes air, water, and soil pollution and also impact human health. Due to this, many environmental regulations passed by the governments in several countries. Hence, these factors act as a restrain the concrete admixtures market growth.    

SEGMENTATION

By Type Analysis

Water Reducing Admixtures Segment to Hold Largest Share in this Market during the Forecast Period

Based on type, the market is segmented into water-reducing admixtures, accelerating admixtures, waterproofing admixtures, retarding admixtures, air-entraining admixtures, and others. The water-reducing admixtures are also known as a plasticizer; the segment is forecasted to hold the largest share and have the highest growth rate in the global market. Increasing demand for these plasticizers in the residential and commercial construction industry owing to their water-reducing properties will propel the segment growth.

Accelerating admixtures is the second-leading segment in this market. The rising demand for admixtures in the residential construction industry due to their ability to decrease the initial setting time of concrete will boost the segment growth. The demand for waterproofing admixtures is high owing to their ability to absorb water and water-borne contaminants.  Further, they also aid in increasing durability, reducing maintenance costs, and protecting the structures from degradation.

The air-entraining admixture segment is growing at a sustainable rate in the global market. Air entraining admixtures offers durability and increase the concrete's ability to withstand freezing and thawing. These factors are increasing the product demand in the commercial construction industry. The rising adoption of retarding admixtures in high-temperature zones to set concrete quickly will fuel the segment growth during the review period.

By Application Analysis

To know how our report can help streamline your business, Speak to Analyst

Residential Segment is the Largest Application for the Concrete Admixtures in 2020

Based on application, the market is segmented into residential, infrastructure, commercial, and industrial. The residential segment holds the highest concrete admixtures market share in the global market. Increasing consumer disposable income coupled with the increasing trend of the nuclear family has resulted in high demand for residential buildings. Hence, this will further fuel the overall market growth of concrete admixtures.

The infrastructure segment is expected to grow with the highest CAGR during the review period. Rapidly growing infrastructure development in countries such as China, India, the U.S., and Germany will contribute to the flourishing growth of this segment. The increasing number of private offices and educational institutes has fueled the commercial segment growth. The expansion of manufacturing facilities and plants by leading companies will drive the demand for industrial buildings. Such factors will lead to fuel the segment growth during the forecast timeframe.  

REGIONAL INSIGHTS

To get more information on the regional analysis of this market, Request a Free sample

The market size in the Asia Pacific stood at USD 11.41 billion in 2020. The rapid infrastructure development and increasing demand for affordable houses by people have fueled the market growth in the Asia Pacific. In this region, China holds the highest market share and is the fastest-growing country. The growing population, increasing urbanization, and rising household income levels are the major factors that are driving the growth of the residential sector in this country.

In Europe, the growth is associated with the increasing demand for private offices at affordable prices, thereby rising adoption of these admixtures in commercial buildings. In North America, the market growth is majorly due to the rapid expansion of the healthcare industry, which offers the demand for new construction projects of hospitals & medical institutions. Thereby providing lucrative opportunities for concrete admixtures consumption in the region. In the Middle East & Africa, the growth is attributed to the rapid infrastructure development in developing countries such as Saudi Arabia and South Africa. Moreover, the rising adoption of retarding admixtures in the construction industry due to extreme changes in weather conditions will augment the market growth in the Middle East & Africa. The growth of the industrial sector in Latin America will showcase significant growth in the near future. The growth is due to the increasing expansion of production capacities and manufacturing facilities by the number of companies, which leads to the growth of construction activities in this region. 

To know how our report can help streamline your business, Speak to Analyst

KEY INDUSTRY PLAYERS

Business Expansion in Construction Industry is Key Strategic Initiative Implemented by Companies

Key producers operating in the market are BASF SE, Sika AG, and MBCC Group. These companies are involved in capacity improvement, product innovation, and collaborations in the market. BASF SE is a multinational chemical-producing company. With its functional materials & solutions business segment, the company provides concrete admixtures based products to the customer. Further, the company is involved in the R&D activity, acquisition, facility expansion, and products innovation in order to meet the demand for concrete admixtures.

 LIST OF KEY COMPANIES PROFILED:

• Buildtech Products (India)


• Sika AG (Switzerland)


• RAZON ENGINEERING COMPANY PRIVATE LIMITED (India)


• Flowcrete Group Ltd. (India)


• MBCC Group (Germany)


• BASF SE (Germany)


• GCP Applied Technologies (U.S.)


• RPM International Inc (U.S.)


• Fosroc International Inc (U.K.)


• Mapei S.P.A (Italy)


• CICO Technologies Ltd (India)


• CHRYSO S.A.S (France)


• Other Key Players

KEY INDUSTRY DEVELOPMENTS:

• September 2019: BASF introduced Master X-Seed STE, an innovative strength-enhancing admixture solution for the construction sector, at the Concrete 2019 conference in Sydney. The new solution helps to make concrete production more efficient and has the ability to improve both early and late-age strength development in concrete. With this launch, the company will expand its footprint in Australian and New Zealand markets. 


• October 2018: CHRYSO acquired Chemtec Admixtures Limited, a leading player in chemistry for construction materials. With this acquisition, the company will expand its admixture business in Ireland. The company will also offer admixtures products in the growing Irish construction market.

REPORT COVERAGE

An Infographic Representation of Concrete Admixtures Market

View Full Infographic

To get information on various segments, share your queries with us

The market research report provides a detailed analysis of the market and focuses on crucial aspects such as leading companies, types, applications, and products. Also, it provides quantitative data in terms of volume and value, research methodology for market data, and insights into market trends and highlights vital industry developments and competitive landscape. In addition to the factors stated above, the report includes various aspects that have supported the growth of the market over past years.

Report Scope & Segmentation