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India Concrete Admixtures Market Size

The India Concrete Admixtures Market is experiencing significant growth, driven by increased construction activities and a rising urban population. The market's expansion is particularly notable in the residential segment, which dominates demand due to concrete's essential role in residential buildings. The infrastructure sector also contributes substantially to the market, reflecting India's strategic focus on infrastructure development. Additionally, the commercial segment is expected to grow rapidly, supported by economic growth and foreign investments. This overall growth trajectory highlights the increasing market size and share of concrete admixtures in India.

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Market Size of india concrete admixtures Industry

India Concrete Admixtures Market Summary
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svg icon Study Period 2018 - 2030
svg icon Market Size (2024) USD 332.81 Million
svg icon Market Size (2030) USD 492.12 Million
svg icon Largest Share by End Use Sector Residential
svg icon CAGR (2024 - 2030) 6.74 %
svg icon Fastest Growing by End Use Sector Commercial
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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India Concrete Admixtures Market Analysis

The India Concrete Admixtures Market size is estimated at 332.81 million USD in 2024, and is expected to reach 492.12 million USD by 2030, growing at a CAGR of 6.74% during the forecast period (2024-2030).

332.81 Million

Market Size in 2024 (USD)

492.12 Million

Market Size in 2030 (USD)

4.50 %

CAGR (2018-2023)

6.74 %

CAGR (2024-2030)

Largest Market by Sub Product

37.16 %

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 demand for water reducers in the country.

Fastest Market by Sub Product

7.68 %

Projected CAGR, Retarder, 2024-2030

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With high temperatures and rising global warming affecting the setting time of concrete, the demand for retarders is expected to witness the fastest growth during the forecast period.

Largest Market by End Use Sector

39.16 %

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.

Fastest Market by End Use Sector

8.01 %

Projected CAGR, Commercial, 2024-2030

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Growing investments in construction for IT Hubs and increasing consumption of concrete admixtures for malls, offices, etc., are expected to make it the fastest-growing sector during the forecast.

Leading Company

17.54 %

market share, Fosroc, Inc., Inc.

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With a broad range of products such as water reducers, retarders, superplasticizers, etc., and recent product innovations, Fosroc has occupied the largest share of the market.

India's focus on attracting foreign investment and propelling economic growth to influence the market's growth

  • The market for concrete admixtures witnessed a significant surge in 2022, surpassing its 2021 value by 8.15%. This growth was primarily propelled by a nationwide uptick in construction activities. A 5% increase in the demand for concrete admixtures was projected for 2023, with the infrastructure and commercial sectors spearheading this surge.
  • Given that concrete is a cornerstone material in the majority of residential buildings in India, it comes as no surprise that the residential segment dominated the demand and value for concrete admixtures in 2022. This demand is further fueled by India's consistently rising urban population. Notably, the urban population in 2022 and 2021 saw a 2.1% and 2.2% increase, respectively, compared to the preceding years.
  • In 2022, the infrastructure sector emerged as the second-largest contributor to the concrete admixtures market, a testament to India's heightened focus on infrastructure development. This emphasis has translated into a notable surge in the demand for concrete admixtures. For instance, in 2022, infrastructure spending saw a 3.09% increase from the previous year, aligning with the nation's plan to invest approximately USD 1.4 trillion in infrastructure projects spanning 2019-2023.
  • The construction of new commercial buildings is poised to witness a CAGR of 5.26% during the forecast period of 2023-2030. This momentum can be attributed to India's burgeoning economy and the anticipated influx of investments from foreign companies. Within the commercial segment, the growth is expected to be even more pronounced, with a projected CAGR of 8.04% during the forecast period.
India Concrete Admixtures Market

India 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.

  • The market for concrete admixtures witnessed a significant surge in 2022, surpassing its 2021 value by 8.15%. This growth was primarily propelled by a nationwide uptick in construction activities. A 5% increase in the demand for concrete admixtures was projected for 2023, with the infrastructure and commercial sectors spearheading this surge.
  • Given that concrete is a cornerstone material in the majority of residential buildings in India, it comes as no surprise that the residential segment dominated the demand and value for concrete admixtures in 2022. This demand is further fueled by India's consistently rising urban population. Notably, the urban population in 2022 and 2021 saw a 2.1% and 2.2% increase, respectively, compared to the preceding years.
  • In 2022, the infrastructure sector emerged as the second-largest contributor to the concrete admixtures market, a testament to India's heightened focus on infrastructure development. This emphasis has translated into a notable surge in the demand for concrete admixtures. For instance, in 2022, infrastructure spending saw a 3.09% increase from the previous year, aligning with the nation's plan to invest approximately USD 1.4 trillion in infrastructure projects spanning 2019-2023.
  • The construction of new commercial buildings is poised to witness a CAGR of 5.26% during the forecast period of 2023-2030. This momentum can be attributed to India's burgeoning economy and the anticipated influx of investments from foreign companies. Within the commercial segment, the growth is expected to be even more pronounced, with a projected CAGR of 8.04% during the forecast period.
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
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India Concrete Admixtures Market Size Summary

The India Concrete Admixtures Market is experiencing robust growth, driven by a surge in construction activities across various sectors. The residential segment holds a dominant position in the market, fueled by the increasing urban population and the demand for housing in major cities. The infrastructure sector also contributes significantly, reflecting the country's focus on large-scale development projects. The commercial sector is poised for substantial expansion, supported by foreign investments and the growing need for new office and retail spaces. This growth trajectory is underpinned by the recovery from the pandemic's impact, with a notable rebound in both residential and commercial real estate activities.

Market dynamics are further shaped by strategic acquisitions and expansions by key players, enhancing their capabilities and market presence. Companies like Sika and Saint-Gobain are actively pursuing acquisitions to strengthen their portfolios in construction chemicals and related sectors. The market is moderately consolidated, with a few major players holding a significant share. As the demand for concrete admixtures continues to rise, driven by ongoing urbanization and infrastructure development, the market is expected to maintain its upward momentum, offering opportunities for growth and innovation in the coming years.

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India 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

India Concrete Admixtures Market Size FAQs

The India Concrete Admixtures Market size is expected to reach USD 332.81 million in 2024 and grow at a CAGR of 6.74% to reach USD 492.12 million by 2030.

In 2024, the India Concrete Admixtures Market size is expected to reach USD 332.81 million.

India Concrete Admixtures Market Report Snapshots

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