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Concrete Admixture Market worth $33.23 billion by 2030, growing at a CAGR of 7.25% - Exclusive Report by 360iResearch
Concrete Admixture Market | 360iResearch
The Global Concrete Admixture Market to grow from USD 18.97 billion in 2022 to USD 33.23 billion by 2030, at a CAGR of 7.25%.
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Concrete admixture refers to chemical additives that modify the properties of concrete, enhancing its workability, strength, durability, and overall performance. These substances are an integral part of modern construction projects due to their ability to reduce water content, accelerate setting time, and improve the long-term quality and stability of hardened concrete. Concrete admixtures find applications in diverse settings such as foundations, walls, columns, beams, slabs, floors, pavements, and precast structures. Increasing urbanization rates leading to a higher demand for new construction projects and stringent governmental regulations for environment-friendly building materials have driven the demand for concrete admixtures. Fluctuating raw material prices that affect the overall affordability of the end product can reduce the adoption of concrete admixtures. Furthermore, the lack of uniform standards or certification processes across different regions causes a disparity in quality assurance or product compatibility. Major manufacturers and governments are constantly investing efforts to introduce standardization and international harmonization in regulatory standards. The latest potential opportunities in this sector are focused on technological advancements such as self-healing bio-concretes that repair cracks autonomously through a bacteria-induced calcification process. Furthermore, the development of nanotechnology-based admixture that provides enhanced mechanical properties at smaller dosages is increasingly being adopted.
The United States and Canada, in the Americas region, are increasingly utilizing concrete admixtures due to their large-scale investments in infrastructure projects such as highways, dams, and bridges. The growing focus on sustainable construction has led to an increase in demand for high-performance and eco-friendly admixtures such as water reducers and air-entraining agents. In the European Union (EU), there is a strong emphasis on adopting environment-friendly construction solutions. As a result, EU countries have witnessed an increase in demand for innovative concrete additives that can reduce CO₂ emissions during cement production while maintaining overall performance quality. Investments in research on advanced materials have led to new innovations in concrete admixtures. Recently, there has been an increasing focus and interest in developing novel superplasticizers that improve workability without compromising strength performance. China, Japan, India, and other nations in the APAC region are amongst the fastest-growing economies for concrete admixtures due to rapid industrialization, urbanization, and investment in infrastructure projects. Rising government spending on manufacturing and industrialization activities has created a significant demand for concrete admixtures.
Market Segmentation & Coverage:
This research report categorizes the Concrete Admixture Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Chemical Admixture and Mineral Admixture. The Mineral Admixture commanded largest market share of 64.34% in 2022, followed by Chemical Admixture.
Based on Function, market is studied across Corrosion-inhibiting Admixtures, Retarding Admixtures, Superplasticizers, and Water-reducing Admixtures. The Water-reducing Admixtures commanded largest market share of 37.95% in 2022, followed by Retarding Admixtures.
Based on Form, market is studied across Liquid and Powder. The Powder commanded largest market share of 71.12% in 2022, followed by Liquid.
Based on Application, market is studied across Commercial and Residential. The Commercial commanded largest market share of 61.88% in 2022, followed by Residential.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 40.12% in 2022, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Concrete Admixture Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Concrete Admixture Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Concrete Admixture Market, highlighting leading vendors and their innovative profiles. These include ACC Limited, Alumichem A/S, Aura Polymer Australia, BASF SE, Bostik SA, Cementaid International Group of Companies, CEMEX S.A.B. de C.V., CICO Group, Clean Coats Private Limited, Compagnie de Saint-Gobain, Concrete Additives and Chemicals Private Limited, Cormix International Limited, Cortec Corporation, Fosroc Group, Fritz-Pak Corporation, Ha-Be Betonchemie GmbH, MAPEI S.p.A., MUHU (China) Construction Materials Co., Ltd., MYK Arment Private Limited, Normet Group, Perma Construction Aids Pvt. Ltd., RAZON ENGINEERING CO. PVT. LTD., Rhein-Chemotechnik GmbH, Riteks Inc., RPM International Inc., Sika AG, The Dow Chemical Company, Thermax Limited, WEIFANG BEACON CHEMICAL BUILDING MATERIALS CO., LTD, Xuzhou Giant Building Materials Co., Ltd., and Yara International ASA.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Concrete Admixture Market, by Product
7. Concrete Admixture Market, by Function
8. Concrete Admixture Market, by Form
9. Concrete Admixture Market, by Application
10. Americas Concrete Admixture Market
11. Asia-Pacific Concrete Admixture Market
12. Europe, Middle East & Africa Concrete Admixture Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Concrete Admixture Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Concrete Admixture Market?
3. What is the competitive strategic window for opportunities in the Concrete Admixture Market?
4. What are the technology trends and regulatory frameworks in the Concrete Admixture Market?
5. What is the market share of the leading vendors in the Concrete Admixture Market?
6. What modes and strategic moves are considered suitable for entering the Concrete Admixture Market?
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