Concrete Admixtures Market: Current Analysis and Forecast (2021-2027)

Report Description

The global Concrete Admixture market was stood around $15 billion in 2020 and is expected to demonstrate the growth of around 8% during the forecast period (2021-2027). The global demand of most widely used materials after water i.e., concrete is growing on account of growing construction sector in emerging and developing nations. Infrastructure development plays a crucial role in the economic growth therefore governments in developing countries like China and India are launching various projects resulted in the increasing demand of concrete. For instance, India is building world-longest expressway of length 1,380 kilo meters (km) between Delhi and Mumbai which is likely to be completed by 2023. Around 80 lakh tons (8 million tons) of cement will be consumed for the project, which is approximately 2% of India’s annual cement production capacity. As a result, the demand of key components used in the making of concrete is also increasing.

COVID-19 had a negative impact on the global concrete admixture market owing to halted construction activities to curtail the spread of disease. Globally, governments had taken stringent measures to curb the spread of disease, resulted in the nationwide lockdown in some countries while many countries closed the national borders. Since, several countries are dependent on import, thus border closure halted the globally supply chain, as a result affected the admixture market in a negative way.

Insights Presented in the Report

“Amongst type, air entraining admixture category like to showcase robust growth during the forecast period”

Based on type, market is categorized into air-entraining admixture, water-reducing admixture, retarding admixture, accelerating admixture, plasticizers, and others. Among these, air-entraining admixture is likely to showcase significant growth during the forecast period. It is used in the concrete mixture to introduce bubbles during the concrete mixing process to reduce the segregation of concrete mixture. Thus, improves the performance of concrete. Further, air-entraining admixtures can enhance the anti-freeze ability and durability of concrete.

“Among form, liquid category held prominent position in 2020.”

Based on form, the market is bifurcated into liquid and form. Of both, liquid held the significant share in the market in 2020 and is expected to showcase considerable growth during the forecast period

“In 2020, Asia Pacific captured significant portion of pie owing to large number of construction activities and growing population”

For better understanding of the market, the report provides detail analysis for major region and country including North America (US, Canada); Europe (Germany, UK, France, Spain, rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific) and Rest of World. Asia Pacific held the major share in the admixture market owing to large consumption of concrete in the regional countries due to large number of residential and non-residential construction activities. Countries like China consumed around 2.28 billion tons of cement in 2019. Since, much of the cement used in the concrete, thus a large quantity of admixture is also required to produce a specific type of concrete. Some of the major companies operating in the global Concrete Admixtures market includes SIKA AG, BASF SE, GCP Allied Technologies, RPM International Inc., Fosroc International Inc., Mapei Inc., CICO Technologies Ltd., CHRYSO S.A.S., Concrete Additives and Chemicals Pvt. Ltd., and Rhein Chemotechnik GmbH, among others.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts
• The report presents a quick review of overall industry performance at one glance
• The report covers in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
• The study comprehensively covers the market across different segments
• Deep dive country level analysis of the industry

Customization Options:

The global Concrete Admixture Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

You can also purchase parts of this report. Do you want to check out a section wise
price list?

Get in touch with team

Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future market of the Concrete Admixture three major steps undertaken to create and analyze its adoption across the globe. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Concrete Admixture industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Concrete Admixture through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Concrete Admixture market, we conducted a detailed secondary analysis to gather current market insights and share for different segments & sub-segments for major regions. Major segments included in the report are by type, form, distribution & usage channel, and end user. Further regional and country-level analyses were conducted to evaluate the overall adoption of the Concrete Admixture globally.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Concrete Admixture. Further, we conducted factor analysis using dependent and independent variables such as growing advancement in construction materials and increasing construction activities. A thorough analysis was conducted for demand and supply-side scenario considering increasing investment, top partnerships, merger and acquisition, business expansion, and product launches in the Concrete Admixture industry.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Concrete Admixture market, and market shares of each segment. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., bottom-up approach was applied to arrive at the market forecast to 2027 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of value (US$) and the adoption rate of Concrete Admixture across the major markets
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the Concrete Admixture market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global Concrete Admixture market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, form, distribution & usage channel, and end user.

The main objective of the Concrete Admixture market study

The current & future market trends of global Concrete Admixture were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of Concrete Admixture in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of type, form, distribution & usage channel, and end user
• Defined analysis of the regulatory framework for the Concrete Admixture industry
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the Concrete Admixture for the major countries
• Major regions/countries analyzed in the report includes North America (US, Canada), Europe (Germany, UK, France, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World
• Company profiles of the Concrete Admixture market players and the growth strategies adopted by them to sustain in the growing market

Deep dive country level analysis of the industry