Global Concrete Admixtures market is expected to foresee significant growth on account of growing population and increasing construction activities in developing region

Global Concrete Admixtures market stood around $15 billion in 2020 and it is expected to grow at a CAGR of around 8% during the forecast period. Large and growing population couple with shifting trend toward nuclear family in developing nations are some of the factors for the growth of the market. Further, increasing construction activities in developing regions to improve the economic performance is providing growth to the market.

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. Increasing concrete demand, resulted in the increasing consumption of water, cement, aggregates, admixtures, additives, and fibers.

COVID-19 had a negative impact on the concrete admixtures market. In the light of pandemic, governments measures like lockdown and border closure resulted in the halted construction activities and supply chain. This in turn, reduce the demand of admixtures.

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• Based on distribution & usage channel, the market is categorized into ready-mix plant, precast component and concrete product producer, contractor, and others. Among these, ready-mix plant held the prominent share in the market. These ready-mix plants can produce large amount of concrete within a limited time therefore in large projects, companies prefer ready-mix plants to prepare concrete.
• Based on end-user, the market is categorized into residential and non-residential. Further, non-residential is sub-categorized into commercial/industrial and infrastructure. Among both, non-residential sector is likely to showcase significant growth during the forecast period owing to increasing public and private investment in infrastructure activities to boost the economy.

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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. 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.

Global Concrete Admixtures Market Segmentation

Market Insight, by Type

• Air-Entraining Admixture
• Water-Reducing Admixture
• Retarding Admixture
• Accelerating Admixture
• Plasticizers
• Others

Market Insight, by Form

• Liquid
• Powder

Market Insight, by Distribution & Usage Channel

• Ready-Mix Plant
• Precast Component and Concrete Product Producer
• Contractor
• Others

Market Insight, by Distribution & Usage Channel

• Residential
• Non-Residential
  • Commercial/Industrial
  • Infrastructure

Market Insight, by Region

• North America Concrete Admixtures Market
  • United States
  • Canada
• Europe Concrete Admixtures Market
  • Germany
  • United Kingdom
  • France
  • Spain
  • Rest of Europe
• Asia-Pacific Concrete Admixtures Market
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Rest of World Concrete Admixtures Market

Top Company Profiles

• SIKA AG
• BASF SE
• GCP Applied Technologies
• RPM International Inc.
• Fosroc International Inc.
• Mapei S.P.A
• CICO Technologies Ltd.
• CHRYSO S.A.S.
• Concrete Additives and Chemicals Pvt. Ltd.
• Rhein Chemotechnik GmbH