Concrete Admixtures Market to attain a value of around US$ 36.3 billion by 2031

Concrete Admixtures Market

In 2022, the market for concrete admixtures was estimated to be worth roughly USD 25.9 billion. 
The market is projected to expand at a CAGR of 5.7% from 2022 to 2031, reaching a value of around US$ 36.3 billion by that year.

The global concrete admixtures market is a rapidly expanding industry with tremendous potential for growth in the coming years. Concrete admixtures are formulated chemicals, liquid or granular solids, and other materials that are added to concrete during mixing in order to enhance its properties. They are used to increase concrete strength, workability, durability, water impermeability, corrosion resistance, and shrinkage control.

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The concrete admixtures market has grown significantly over the past few years due to the increasing demand for high-performance concrete and advances in material technology. The growing infrastructure projects worldwide and rapid urbanization have been driving the concrete admixtures market globally.

The concrete admixtures market has grown significantly over the past few years due to the increasing demand for high-performance concrete and advances in material technology. The growing infrastructure projects worldwide and rapid urbanization have been driving the concrete admixtures market globally.

Key Players- 

Some of the major companies operating in global concrete admixtures market, include,

• The Dow Chemical Company
• BASFSE
• SIKA AG
• W.R. Grace & Co.
• Cemex S.A.B. De C.V.
• Rpm International Inc.
• Ashland Inc.
• Pidilite Industries
• Fosroc International Ltd
• Chryso Sas
• Mapei South Africa (PTY) Ltd
• CICO Technologies Ltd.
• CEMEX S.A.B. de N.V.

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In terms of product type, the concrete admixtures market can be segmented into superplasticizers, retarders & accelerators, air-entraining agents, bonding agents & waterproofing compounds, corrosion inhibitors & others (mineral & chemical additives). Superplasticizers accounted for the largest share of 38% in 2019 due to its superior properties like reduced water content resulting in higher slump retention enabling increased workability without compromising on strength gain and volume stability. Also, superplasticizers help reduce cement content thereby reducing cost associated with cement production & transport which makes it an essential ingredient in any concrete mix design process contributing towards its growth within concrete admixtures market globally.

Based on application type, concrete admixtures market have been classified into commercial construction & industrial construction products like pavements & bridges followed by residential constructions such as walls foundations etc., The commercial use accounted for the maximum share of 41% contributing towards global concrete adimixures market followed by residential usage contributing around 38%. This is mainly due to increased public infrastructure spending across all regions as well as stringent building codes requiring better performance of concrete mix designs incorporating these additives leading towards their growth within these end use Industries respectively.

Geographically speaking North America held the maximum share of 35% in 2019 followed by Europe with 32% contribution towards global concrete adimixures market mainly due to high levels of infrastructural developments across both regions making them key contributors towards concrete admixtures markets growth globally . Other developing regions like Asia Pacific also witnessed significant growth especially from countries like China India Japan etc., owing to increasing demand from residential as well as industrial sectors leading towards their contribution towards global concrete adimixures marke globally .

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World Bank has estimated about 900 billion for the infrastructure development in developing countries till 2030. Moreover the improving quality of civil structure in developing countries of Asia Pacific is offering a double digit growth for the concrete admixture market. Various support mechanism such as foreign direct investment (FDI) for pacing infrastructure development in some of the major concrete civil structure dominant market such as India and China is providing new market opportunities for the concrete admixture market. 

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