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Concrete Admixtures Market Size

The concrete admixtures market is projected to experience significant growth, driven by the expanding infrastructure and residential construction sectors. The market's expansion is particularly notable in the Asia-Pacific region, which is anticipated to lead in market size due to its rapid urbanization and increasing demand for housing. The residential sector, as the largest consumer, is expected to see the fastest growth, supported by government initiatives and investments. This growth trajectory underscores the rising need for concrete admixtures, reflecting a robust increase in market size over the forecast period.

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Market Size of concrete admixtures Industry

Concrete Admixtures Market Summary
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svg icon Study Period 2018 - 2030
svg icon Market Size (2024) USD 15.05 Billion
svg icon Market Size (2030) USD 21.31 Billion
svg icon Largest Share by End Use Sector Residential
svg icon CAGR (2024 - 2030) 5.97 %
svg icon Largest Share by Region Asia-Pacific
svg icon Market Concentration Medium

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Concrete Admixtures Market Analysis

The Concrete Admixtures Market size is estimated at 15.05 billion USD in 2024, and is expected to reach 21.31 billion USD by 2030, growing at a CAGR of 5.97% during the forecast period (2024-2030).

15.05 Billion

Market Size in 2024 (USD)

21.31 Billion

Market Size in 2030 (USD)

3.99 %

CAGR (2018-2023)

5.97 %

CAGR (2024-2030)

Largest Market by Sub Product

39.77 %

value share, Water Reducer (Plasticizer), 2023

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Strict government regulations on water consumption, specifically for residential and industrial construction, have supported the global demand for water reducers.

Largest Market by End Use Sector

32.02 %

value share, Residential, 2023

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Due to the increasing usage of water reducers, retarders, and other admixtures to build high-quality and durable homes, apartments, etc., the residential sector holds the largest share.

Largest Market by Region

33.08 %

value share, Asia-Pacific, 2023

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The region dominated the market due to growth in construction industrial activity and the increasing demand for concrete admixtures in countries like China, India, Japan, and South Korea.

Fastest Market by Region

6.68 %

Projected CAGR, Asia-Pacific, 2024-2030

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The Asia-Pacific region is expected to grow fast with investments in infrastructure projects, government initiatives, fast-paced urbanization, and industrialization.

Leading Company

15.28 %

market share, Sika AG, 2022

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The company's broad range of high-quality products, well-established network, robust supply chain, and strategic expansions and acquisitions in the construction industry make it a major player in the market.

Rise in demand for housing units to drive the demand for concrete admixtures in the future

  • In 2022, the global consumption value of concrete admixtures witnessed a growth of approximately 2.31%. This growth was projected to further increase by 5.13% in 2023. The surge in demand can be attributed to the infrastructure and residential construction sectors.
  • The residential sector is the largest consumer of concrete admixtures across the globe, accounting for a share of around 32.2% in 2022. Factors such as rapid urbanization, government initiatives, and both foreign and domestic investments are fueling the demand for housing. This, in turn, is expected to boost residential construction in the coming years. For instance, Germany has plans to construct a minimum of 4,000 new housing units by 2024. Consequently, the demand for concrete admixtures in the residential sector is projected to rise by USD 2.6 billion by 2030 compared to 2023.
  • The residential sector is expected to be the fastest-growing consumer of concrete admixtures, recording the highest CAGR of 6.67% during the forecast period. The sector's new floor area is set to expand by 8.4 billion sq. ft by 2030, driven by sustained housing demand, increasing investments, and supportive government policies. For instance, the Government of Indonesia (GOI) set a target of constructing around 1 million housing units by 2025, as the country's housing needs are projected to reach 30 million units. Overall, the global residential sector's new floor area is expected to witness a CAGR of 3.81% during the forecast period, further bolstering the demand for concrete admixtures.
Global Concrete Admixtures Market

Rise in demand for housing units in the Asia-Pacific region is likely to boost the demand for concrete admixtures globally

  • In 2022, the global concrete admixtures market grew by 2.31% compared to 2021, with regions like Asia-Pacific and Europe recording the highest growth of 33% and 24.5%, respectively. Concrete admixtures were estimated to grow by 5.13% globally in 2023 compared to 2022.
  • In 2023, the Asia-Pacific region emerged as the global leader in concrete admixtures, accounting for approximately 33.1% of the market. Within the region, the infrastructure and residential construction sectors held the largest shares of the concrete admixtures market. In 2022, infrastructure construction alone accounted for a market share of USD 1.56 billion, and this figure was projected to grow by 7.24% in 2023. Additionally, infrastructure spending in the region was set to rise by USD 36.42 billion in 2023, compared to the previous year. The concrete admixtures market in the Asia-Pacific region was expected to witness a 5.35% growth in value from 2022 to 2023.
  • The Asia-Pacific region is expected to be the fastest-growing consumer of concrete admixtures, recording a CAGR of 6.70% during the forecast period. This growth can be attributed to the residential sector's demand for concrete admixtures. The region is projected to witness a surge of 524 million sq. ft in new residential floor area by 2024 compared to 2023. By 2030, it was estimated that over 40% of India's population will reside in urban areas, leading to a demand for approximately 25 million affordable housing units. Consequently, the concrete admixtures market in the region is expected to reach USD 73 billion by 2030, up from USD 46 billion in 2023.

Concrete Admixtures Industry Segmentation

Commercial, Industrial and Institutional, Infrastructure, Residential are covered as segments by End Use Sector. Accelerator, Air Entraining Admixture, High Range Water Reducer (Super Plasticizer), Retarder, Shrinkage Reducing Admixture, Viscosity Modifier, Water Reducer (Plasticizer) are covered as segments by Sub Product. Asia-Pacific, Europe, Middle East and Africa, North America, South America are covered as segments by Region.

  • In 2022, the global consumption value of concrete admixtures witnessed a growth of approximately 2.31%. This growth was projected to further increase by 5.13% in 2023. The surge in demand can be attributed to the infrastructure and residential construction sectors.
  • The residential sector is the largest consumer of concrete admixtures across the globe, accounting for a share of around 32.2% in 2022. Factors such as rapid urbanization, government initiatives, and both foreign and domestic investments are fueling the demand for housing. This, in turn, is expected to boost residential construction in the coming years. For instance, Germany has plans to construct a minimum of 4,000 new housing units by 2024. Consequently, the demand for concrete admixtures in the residential sector is projected to rise by USD 2.6 billion by 2030 compared to 2023.
  • The residential sector is expected to be the fastest-growing consumer of concrete admixtures, recording the highest CAGR of 6.67% during the forecast period. The sector's new floor area is set to expand by 8.4 billion sq. ft by 2030, driven by sustained housing demand, increasing investments, and supportive government policies. For instance, the Government of Indonesia (GOI) set a target of constructing around 1 million housing units by 2025, as the country's housing needs are projected to reach 30 million units. Overall, the global residential sector's new floor area is expected to witness a CAGR of 3.81% during the forecast period, further bolstering the demand for concrete admixtures.
End Use Sector
Commercial
Industrial and Institutional
Infrastructure
Residential
Sub Product
Accelerator
Air Entraining Admixture
High Range Water Reducer (Super Plasticizer)
Retarder
Shrinkage Reducing Admixture
Viscosity Modifier
Water Reducer (Plasticizer)
Other Types
Region
Asia-Pacific
By Country
Australia
China
India
Indonesia
Japan
Malaysia
South Korea
Thailand
Vietnam
Rest of Asia-Pacific
Europe
By Country
France
Germany
Italy
Russia
Spain
United Kingdom
Rest of Europe
Middle East and Africa
By Country
Saudi Arabia
United Arab Emirates
Rest of Middle East and Africa
North America
By Country
Canada
Mexico
United States
South America
By Country
Argentina
Brazil
Rest of South America
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Concrete Admixtures Market Size Summary

The concrete admixtures market is poised for significant growth, driven by increasing demand from the infrastructure and residential construction sectors. The residential sector, in particular, is the largest consumer of concrete admixtures globally, with rapid urbanization, government initiatives, and investments propelling the demand for housing. This trend is expected to continue, with substantial expansions in residential floor area anticipated, especially in regions like Asia-Pacific. The region is also projected to be the fastest-growing market for concrete admixtures, supported by a surge in residential construction and infrastructure development. The market's expansion is further bolstered by strategic investments and government policies aimed at addressing housing needs and enhancing urban infrastructure.

Globally, the concrete admixtures market is moderately consolidated, with major players like CEMEX, MBCC Group, RPM International Inc., Saint-Gobain, and Sika AG holding significant market shares. Recent strategic moves, such as Sika's acquisition of the MBCC Group and subsequent divestment plans, highlight the dynamic nature of the market. These developments, along with ongoing projects in Asia-Pacific and Europe, are expected to shape the market landscape. The market's growth trajectory is supported by a recovery in commercial construction activities post-COVID-19, with Asia-Pacific leading in new floor area additions. Overall, the concrete admixtures market is set to experience robust growth, driven by both residential and infrastructure demands across key global regions.

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Concrete Admixtures Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size, forecasts up to 2030 and analysis of growth prospects.)

    1. 1.1 End Use Sector

      1. 1.1.1 Commercial

      2. 1.1.2 Industrial and Institutional

      3. 1.1.3 Infrastructure

      4. 1.1.4 Residential

    2. 1.2 Sub Product

      1. 1.2.1 Accelerator

      2. 1.2.2 Air Entraining Admixture

      3. 1.2.3 High Range Water Reducer (Super Plasticizer)

      4. 1.2.4 Retarder

      5. 1.2.5 Shrinkage Reducing Admixture

      6. 1.2.6 Viscosity Modifier

      7. 1.2.7 Water Reducer (Plasticizer)

      8. 1.2.8 Other Types

    3. 1.3 Region

      1. 1.3.1 Asia-Pacific

        1. 1.3.1.1 By Country

          1. 1.3.1.1.1 Australia

          2. 1.3.1.1.2 China

          3. 1.3.1.1.3 India

          4. 1.3.1.1.4 Indonesia

          5. 1.3.1.1.5 Japan

          6. 1.3.1.1.6 Malaysia

          7. 1.3.1.1.7 South Korea

          8. 1.3.1.1.8 Thailand

          9. 1.3.1.1.9 Vietnam

          10. 1.3.1.1.10 Rest of Asia-Pacific

      2. 1.3.2 Europe

        1. 1.3.2.1 By Country

          1. 1.3.2.1.1 France

          2. 1.3.2.1.2 Germany

          3. 1.3.2.1.3 Italy

          4. 1.3.2.1.4 Russia

          5. 1.3.2.1.5 Spain

          6. 1.3.2.1.6 United Kingdom

          7. 1.3.2.1.7 Rest of Europe

      3. 1.3.3 Middle East and Africa

        1. 1.3.3.1 By Country

          1. 1.3.3.1.1 Saudi Arabia

          2. 1.3.3.1.2 United Arab Emirates

          3. 1.3.3.1.3 Rest of Middle East and Africa

      4. 1.3.4 North America

        1. 1.3.4.1 By Country

          1. 1.3.4.1.1 Canada

          2. 1.3.4.1.2 Mexico

          3. 1.3.4.1.3 United States

      5. 1.3.5 South America

        1. 1.3.5.1 By Country

          1. 1.3.5.1.1 Argentina

          2. 1.3.5.1.2 Brazil

          3. 1.3.5.1.3 Rest of South America

Concrete Admixtures Market Size FAQs

The Global Concrete Admixtures Market size is expected to reach USD 15.05 billion in 2024 and grow at a CAGR of 5.97% to reach USD 21.31 billion by 2030.

In 2024, the Global Concrete Admixtures Market size is expected to reach USD 15.05 billion.

Concrete Admixture Market Report Snapshots

Concrete Admixtures Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030