Concrete Admixtures Market: Current Analysis and Forecast (2023-2030)

Report Description

The Concrete Admixture Market was valued at USD ~19 Bn in 2022 & is expected to grow at a CAGR of 8% from 2023-2030. 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, in 2022,  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. In addition, in May 2023, Sika AG completed the acquisition of MBCC Group, an affiliate of Lone Star Funds, a global private equity firm, thereby becoming the undisputed market leader in the chemical admixtures industry. In order to close the transaction and comply with the regulatory requirements, Sika AG sold MBCC Group’s chemical admixtures assets in the UK, the USA, Canada, Europe, Australia, and New Zealand to Cinven, the international private equity firm.

Some of the major players operating in the market include 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., Rhein Chemotechnik GmbH.

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,. 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 2022 and is expected to showcase considerable growth during the forecast period. Chemical additives known as liquids are applied to concrete to increase its workability and strength. They produce a stronger and longer-lasting finished product by using less water to obtain the desired consistency. Concrete can experience less shrinkage with the help of liquid, making the finished product more stable and long-lasting. Additionally, they can improve the concrete’s workability, making it simpler to apply and form into ornamental patterns.

“North America to grow with high CAGR during the forecast period”

The North America market is expected to register the highest growth rate in the forecast period due to the rising prevalence of construction industry is anticipated to fuel the market growth. The increasing prevalence and increasing region’s expanding infrastructure market results from the rising prevalence of consumption of concrete in the regional countries due to large number of residential and non-residential construction activities. Much of the cement used in the concrete, thus a large quantity of admixture is also required to produce a specific type of concrete.  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.

Concrete Admixture Market Report Coverage

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 an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, 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 regional 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.

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Research Methodology

Research Methodology for the Concrete Admixture Market Analysis (2023-2030)

Analyzing the historical market, estimating the current market, and forecasting the future market of the concrete admixture market were the three major steps undertaken to create and analyze the adoption of concrete admixture in major regions globally. 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 global concrete admixture market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting 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 of 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 market through company internal sources such as annual reports & 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 historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as technology and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

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 the concrete admixture market. Further, we conducted factor analysis using dependent and independent variables such as technology and application of the concrete admixture market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the concrete admixture sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 2 steps, we arrived at the current market size, key players in the global concrete admixture market, and market shares of the segments. 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., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the concrete admixture market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global concrete admixture market in terms of offering. 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, 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

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for 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 the technology and application in the global concrete admixture market.

The main Objective of the Global Concrete Admixture Market Study

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

• Analyze the current and forecast market size of the concrete admixture market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
• Segments in the study include areas of the technology and application.
• Define and analysis of the regulatory framework for the concrete admixture
• 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 market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
• Company profiles of the concrete admixture market and the growth strategies adopted by the market players to sustain in the fast-growing market.
• Deep dive regional level analysis of the industry

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