Concrete Admixtures Market Scope and Profit-Sources Detailed Analysis

Concrete Admixtures Market to reach over USD 24.51 billion by the year 2024-2031 Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Concrete Admixtures Market Size, Share & Trends Analysis Report By Product (Water-Reducing Admixtures (Superplasticizers, Plasticizers), Waterproofing Admixtures, Accelerating Admixtures, Air-Entraining Agents, Retarding Admixtures, And Other Admixtures)- Market Outlook And Industry Analysis 2024-2031"

The global Concrete Admixtures Market is estimated to reach over USD 24.51 billion by 2024-2031, exhibiting a CAGR of 4.01% during the forecast period.

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The market for materials added to concrete to enhance its performance, workability, durability, and sustainability is known as the "concrete admixtures market." Admixtures for concrete are used in various applications, including infrastructure, commercial, industrial, and residential buildings. They can change the characteristics of concrete, such as its strength, water resistance, and setting time.

The need for concrete admixtures is driven by several factors, including the expansion of the construction sector, urbanization, and the desire for environmentally friendly and sustainable building materials. Using less cement to achieve the necessary performance and durability, using concrete admixtures can help lessen the carbon footprint of concrete structures. Admixtures for concrete are comparatively more expensive than regular concrete.

Because of this, it may be challenging for some building projects to justify using concrete admixtures, particularly for smaller projects or those with limited funding.

List of Prominent Players in the Concrete Admixtures Market:

• BASF SE
• Buildtech Products (India)
• CHYRSO SAS
• CICO Technologies Ltd (India)
• Flowcrete Group Ltd. (India)
• Fosroc, Inc.
• GCP Applied Technologies Inc.
• Mapei SpA
• MBCC Group (Germany)
• RAZON ENGINEERING COMPANY PRIVATE LIMITED (India)
• Rhein-Chemotechnik GmbH
• RPM International, Inc
• Sika AG

Market Dynamics:

Drivers-

Rising plasticizer demand will support market expansion. The need for plasticizers for various uses in residential, commercial, and industrial structures is driving the rapid growth of this market. Superplasticizers and regular plasticizers are typically formed of calcium, ammonium lignosulphonates, and sodium. They offer excellent strength, longevity, and a strong bond between steel and concrete, making them perfect for reducing the amount of water that concrete absorbs. Also, the workability of concrete is a crucial property that gets better with the addition of water; however, if more water is added, the strength and durability of the concrete are maintained. The amount of plasticizers used in concrete production increases as a result.

Challenges:
The prime challenge is the need for more awareness and commercialization regarding bio-based products in developing countries, which is predicted to reduce the growth of the concrete Admixtures Market. However, the high cost of green chemicals and the availability of synthetic chemicals are factors expected to hamper the overall growth of the concrete Admixtures Market over the coming years. Owing to the COVID-19 pandemic, the number of cases has been increasing, which led to a global or partial shutdown to maintain social distancing. According to a recent update, the industries are facing unprecedented economic losses due to disruptions in global supply chains for key players operating in the global concrete Admixtures Market. Distributors, suppliers and retailers have inventory but can't sell, and manufacturers must stop production from dealing with the shutdown.

Regional Trends:
The Asia Pacific concrete admixtures market is expected to register a major market share in revenue and is projected to grow at a high CAGR shortly. The Asia Pacific region has experienced significant growth in construction activities, driven by rapid urbanization, industrialization, and infrastructure development. This has led to a growing demand for concrete admixtures, which enhance concrete structures' strength, durability, and workability. The Asia Pacific region has a growing population, driving demand for new residential and commercial construction projects. This is further contributing to the demand for concrete admixtures in the region. The Asia Pacific region is experiencing rapid urbanization, leading to the development of new cities and the expansion of existing ones. This is driving demand for new construction projects, which in turn is fueling the growth of the concrete admixtures market in the region.

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Recent Developments:

• In June 2022, Sika will open a new manufacturing facility in Stafford, Virginia, to increase its production of concrete admixtures in the country.

• In May 2022, Sika inaugurated a new Santa Cruz de la Sierra facility to produce mortar and concrete admixtures. The new factory has increased Bolivia's capacity to produce mortar and concrete admixtures by two times, in addition to the current plant.

Segmentation of Concrete Admixtures Market-

By Product-
• Water Reducing Admixtures
o Superplasticizers
o Plasticizers
• Waterproofing Admixtures
• Accelerating Admixtures
• Air-Entraining Agents
• Retarding Admixtures
• Other Admixtures

By Region-
North America-
• The US
• Canada
• Mexico

Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific

Latin America-
• Brazil
• Argentina
• Rest of Latin America

Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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