Global Concrete Admixtures Market Report and Forecast 2023-2028

Global Concrete Admixtures Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global concrete admixtures market attained a value of USD 23.23 billion in 2022. Aided by the increasing demand for durable and high-performance concrete in the construction industry, the market is projected to further grow at a CAGR of 4.7% between 2023 and 2028 to reach a value of USD 30.60 billion by 2028.

Concrete admixtures are materials added to the concrete mix during its production to enhance its properties, such as workability, strength, and durability. Admixtures aid in modifying and refining the characteristics of concrete while enhancing the final product once the concrete has dried and set. In addition, while the majority of admixtures are available in ready-to-mix form, some admixtures, such colours, pumping aids, and expanding agents, are only employed in trace amounts and must be combined individually.

The global concrete admixtures market growth is primarily driven by the increasing demand for durable and high-performance concrete in the construction industry. With rapid urbanisation and industrialisation, there is a growing need for infrastructure development worldwide. This, in turn, has led to an increased demand for concrete admixtures, as they help improve the properties of concrete, making it suitable for various construction applications.

Another significant factor fuelling the global concrete admixtures market expansion is the rising focus on sustainable construction practices. Governments and construction companies are increasingly adopting environmentally friendly construction materials to minimise the environmental impact of construction activities. Concrete admixtures, particularly mineral admixtures, contribute to the sustainability of concrete by utilising industrial by-products, reducing the consumption of natural resources, and lowering the carbon footprint of concrete production.

Moreover, advancements in concrete technology and the development of innovative admixture products have positively impacted the concrete admixtures market development. Manufacturers are introducing novel admixtures with enhanced properties, such as improved workability, durability, and strength, which cater to the evolving demands of the construction industry. Furthermore, research and development activities in the field of nanotechnology have led to the development of nano-based admixtures that offer superior performance characteristics, increasing the concrete admixtures market demand.

Market Segmentation

The market can be divided based on product and region.

Market Breakup by Product

• Water Reducing Admixtures
• Superplasticisers
• Plasticisers
• Waterproofing Admixtures
• Accelerating Admixtures
• Air-Entraining Admixtures
• Retarding Admixtures
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global concrete admixtures companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• Sika AG
• GCP Applied Technologies Inc.
• RPM International Inc.
• Master Builders Solutions Deutschland GmbH
• Fosroc International Limited
• MAPEI S.p.A
• Chryso Group
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.