North America Concrete Admixtures Market Size (2024 - 2029)

North America Concrete Admixtures Market Analysis

The North America Concrete Admixtures Market is expected to reach over USD 3,230 million by the end of this year and is projected to register a CAGR of over 4% during the forecast period.

Covid-19 negatively impacted the market in 2020. Many businesses involved in producing concrete admixtures have encountered difficulties in marketing their product, resulting in staggered growth of the manufacturers. The shortage of skilled personnel impacted the concrete admixtures business because of COVID-19's growing effects.

• Over the short term, rising demand from the residential construction sector and the construction industry's renovation sector are the major factors driving the growth of the market studied.
• On the flip side, the lack of a skilled workforce and awareness of construction industry workers is a key factor anticipated to restrain the growth of the target industry over the forecast period.
• The rise in the commissioning of infrastructural projects coupled with the increasing number of commercial and residential buildings is likely to create lucrative growth opportunities for the North American market soon.
• United States is expected to dominate the market during the forecast period. This growth is attributed to the bullish demand for construction in the residential, commercial, industrial, and infrastructure sectors.

North America Concrete Admixtures Industry Segmentation

Concrete admixtures are natural or synthetic additives used to prepare concrete mixes. The key purpose of using additives is to improve the concrete mix by enabling it to gain desired properties in concrete for specific applications. 

The North America concrete admixtures market is segmented by function, construction sector, and geography. By function, the market is segmented into water reducers (plasticizers), retarders, accelerators, air-entraining admixture, viscosity modifiers, shrinkage-reducing admixture, high-range water reducer (superplasticizers), and other functions. By construction sector, the market is segmented into commercial, residential, infrastructure, industrial and institutional. The report also covers the market size and forecasts for the concrete admixture market in three countries (USA, Canada, and Mexico) across North America. For each segment, the market sizing and forecasts have been done based on revenue (USD million).