PUBLISHER: Grand View Research | PRODUCT CODE: 1631512
PUBLISHER: Grand View Research | PRODUCT CODE: 1631512
The global concrete admixtures market size is expected to reach USD 29.27 billion in 2030 and is expected to grow at a CAGR of 7.8% from 2025 to 2030. The demand for admixtures is increasing on account of their superior properties, such as high strength, water reduction, retardation, and durability, which make them ideal for use in infrastructure components. The market growth is dependent on technological advancement and innovation in the construction industry related to chemicals, mixtures, and concrete used. Concrete admixtures are widely used in construction applications.
The COVID-19 pandemic has affected the construction sector, which will hamper the product demand. Moreover, fluctuations in the construction sector might directly affect market growth. The market value chain comprises raw material suppliers, manufacturers, distributors, and end-users, and the manufacturers are extremely dependent on the suppliers for raw materials. Key players, such as BASF SE and Sika AG, focus on maintaining and strengthening their market positions through R&D investments, development of sustainable products, agreements, acquisitions, and geographic expansions.