Concrete Admixtures Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Concrete Admixtures Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Concrete Admixtures Global Market Report 2024, The concrete admixtures market size has grown steadily in recent years. It will grow from $15.45 billion in 2023 to $16.19 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to construction industry growth, infrastructure development, efficiency in concrete production, cost efficiency, environmental considerations, demand for high-performance concrete.

The concrete admixtures market size is expected to see strong growth in the next few years. It will grow to $19.82 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to sustainable construction practices, infrastructure renewal, smart cities initiatives, focus on durability, rapid urbanization in emerging markets, efforts to reduce carbon footprint. Major trends in the forecast period include high-performance admixtures, innovation in self-healing concrete technology, high-range water reducers (HRWR), rheology modifiers for special concrete applications, and air-entraining admixtures.

The increase in demand from the construction sector is expected to propel the growth of the concrete admixture market going forward. Construction activities have been on the rise due to rapid industrialization and urbanization. Concrete admixture enables the construction business to speed up the entire project by facilitating the establishment of climate-controlled facilities and enhancing specific properties of fresh or hardened concrete. For instance, in 2021, according to U.S. Census Bureau, the federal government’s largest statistical agency, an estimated 1,595,100 housing units were started in 2021, that increased by 15.6% from 1,379,600 in 2020 in the US. Therefore, the increasing demand from the construction sector will drive the concrete admixture market growth.

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The concrete admixtures market covered in this report is segmented –

1) By Type: Water Reducing Admixtures, Water-Proofing Admixtures, Accelerating Admixtures, Air-Entraining Agents, Retarding Admixtures, Other Types

2) By Application: Re-Inforced Concrete, Non Re-Inforced Concrete

3) By End User: Commercial, Residential, Infrastructure, Industrial

Major companies operating in the concrete admixtures market are developing new products such as tailored admixtures to reducing and control the carbon footprint of concrete in the ready-mix and precast concrete industries. A carbon footprint is the total amount of greenhouse gases, specifically carbon dioxide (CO2) and other carbon compounds, that are emitted directly or indirectly by an individual, organization, event, or product throughout its lifecycle. For instance, in May 2021, Chryso S.A.S., a France-based chemical manufacturing company, launched EnviroMix, a range of admixture solutions and services for low-carbon concrete. The EnviroMix range, including CHRYSO EnviroMix and CHRYSO EnviroMix ULC (Ultra Low-Carbon), offers tailored admixtures that deliver a significant reduction in CO2 emissions, with the latter providing superior performance and over 50% reduction in carbon footprint. Despite the lower carbon footprint, EnviroMix concrete maintains high levels of performance in terms of strength, durability, and workability. Additionally, CHRYSO provides dedicated services such as EnviroMix Impact for environmental impact calculation and real-time monitoring solutions for low-carbon concretes, reinforcing its commitment to sustainability in the construction sector.

The concrete admixtures market report table of contents includes: