PUBLISHER: Meticulous Research | PRODUCT CODE: 1576527
PUBLISHER: Meticulous Research | PRODUCT CODE: 1576527
Concrete Admixtures Market by Type (Water Reducing, Water Proofing, Air Entraining, Accelerating, Retarding), Application (Residential, Commercial, Industrial, and Public Infrastructure), Geography-Global Forecast to 2031
The research report titled, 'Concrete Admixtures Market by Type (Water Reducing, Water Proofing, Air Entraining, Accelerating, Retarding), Application (Residential, Commercial, Industrial, and Public Infrastructure), Geography-Global Forecast to 2031', provides an in-depth analysis of the concrete admixtures market across five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2031.
The concrete admixtures market is projected to reach $29.7 billion by 2031, at a CAGR of 6.4% from 2024 to 2031.
Superior functionality offered by admixtures to the concrete mix, rising construction and infrastructure development activities, and increasing demand for high-performance concrete are factors driving the growth of the concrete admixtures market. However, market growth is restrained by stringent government regulations on construction materials. In addition, rapid urbanization and a rising focus on sustainable construction create growth opportunities for market players. The market faces considerable challenges due to fluctuating raw material prices.
The concrete admixtures market is segmented based on type (water-reducing admixtures, waterproofing admixtures, air-entraining admixtures, accelerating admixtures, retarding admixtures, viscosity-modifying admixtures, and other admixture types), application (residential (apartments & buildings, standalone housing, other residential applications), commercial (offices, malls & retail stores, hotels & restaurants, educational institutes, medical facilities, other commercial applications), industrial (warehouses, data centers, manufacturing facilities, and other industrial applications) and public infrastructure (bridges, dams, highways & overbridges, tunnels, railways, water infrastructure, sewers, and other public infrastructure applications). The study also evaluates industry competitors and analyses the market at the regional and country levels.
Based on type, the concrete admixtures market is segmented into water-reducing admixtures, waterproofing admixtures, air-entraining admixtures, accelerating admixtures, retarding admixtures, viscosity-modifying admixtures, and other admixtures. In 2024, the water-reducing admixtures segment is expected to account for the largest share of over 21.0% of the concrete admixtures market. Increased adoption of water-reducing admixtures to improve the workability, strength, and cost-effectiveness of concrete is contributing to the segment's dominant position in the concrete admixtures market. However, the waterproofing admixtures segment is expected to grow at the highest CAGR during the forecast period.
Based on application, the concrete admixtures market is broadly segmented into residential, commercial, industrial, and public infrastructure. In 2024, the residential segment is expected to account for the largest share of over 32.0% of the concrete admixtures market. Increased demand for high-performance construction materials, rising global population, development of innovative admixtures the increasing demand for residential buildings are factors contributing to the segment's dominant position in the concrete admixtures market. However, the public infrastructure segment is expected to grow at the highest CAGR during the forecast period.
Based on geography, the concrete admixtures market is segmented into North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of over 34.0% of the concrete admixtures market. Increasing government investments in infrastructure development, including roads, bridges, and public transportation systems, the rapid pace of urbanization in the region, increase in construction activities, including residential, commercial, and infrastructure projects, are factors contributing to the region's dominant position in the concrete admixtures market. Moreover, the Asia-Pacific region is expected to grow with the highest CAGR of 7.5% during the forecast period.
The concrete admixtures market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the concrete admixtures market are Sika AG (Switzerland), RAZON ENGINEERING COMPANY PRIVATE LIMITED (India), CEMEX S.A.B. de C.V. (Mexico), BASF SE (Germany), Saint-Gobain (France), RPM International Inc. (U.S.), Fosroc Group (U.K.), Mapei S.P.A (Italy), CICO Technologies Ltd. (India), Kao Corporation (Japan), MC-Bauchemie (Germany), and Sobute New Materials Co., Ltd. (China).
Concrete Admixtures Market Assessment-by Type
Concrete Admixtures Market Assessment-by Application
Concrete Admixtures Market Assessment-by Geography
(Note: SWOT analysis of the top 5 companies will be provided)