Concrete Admixtures Market | Revenues, Growth Rates, Pricing, Applications And Market Challenges 2023

Concrete Admixtures Market | Revenues, Growth Rates, Pricing, Applications And Market Challenges 2023
Concrete Admixtures market is growing rapidly at the rate of CAGR of in the past years and is expected to grow at the same rate in developing economies in forecast year.

BASF SE, Sika AG, Pidilite Industries, Evonik Industries AG, PPG Industries, Akzo Nobel N.V, DowDuPont, W.R. Grace & Co, Berger Paints, CICO Technologies Ltd, Ashland Inc, Chryso SAS, and Fosroc International among others are some of the prominent players at the forefront of competition in the global Concrete admixture market and are profiled in MRFR Analysis.

 Concrete admixture Market–Market Overview

According to some leading research institutes the global construction chemicals market may expand at a CAGR of nearly 9% to register double digit million dollar figure by the end of 2022. Globally, Concrete admixtures is one of the major and necessary application in both residential and non-residential buildings. Almost over 75% of the commercial buildings opt for the concrete admixtures to avoid the leveraging cost of maintenance. The roofing system and concrete admixtures are gaining the required attention due to the more rigorous environmental regulations, newly developed standards for the commercial structures and building codes and increased concern for the environment codes and increased concern for the environment. Moreover, rapidly increasing world population is fuelling the urbanization, industrialization and infrastructural development are the prominent factors driving growth of the global concrete admixtures market. Additionally the inception of innovative technologies and efficient concrete admixture application practices is anticipated to fuel demand for the concrete admixture in these applications.

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Concrete admixture Market- Competitive Landscape:

The global concrete admixture is a highly mature market driven by flourishing growth in building & construction industry, along with the rising technological advancements in the field of protective coatings. The market consists of considerable number of tier 1 companies. Among them, BASF SE, Sika AG, PPG Industries, W.R. Grace & Co, and Fosroc International are the leading manufacturers which have substantial contribution to the growth of the market during the review period. Almost all of these market participants are primarily adopting the expansion of their production capacities and product launch tactics to strengthen their market position. Growing construction industries, and continuous collaborations and agreements between manufacturers, distributers, and marketing firms, along with continuous R&D activities are key market forces operating in the market for the growth of the demand for Concrete admixture. Taking all these trends under consideration, the global concrete admixture market poised to witness considerable competition due to easy entry of competitors over the forecast period of 2017-2022.

Industry/ Innovation/ Related News:

October 10, 2017- BASF SE, on the world’s a leading manufacturer of construction chemicals announce official commissioning of a new production plant of construction chemicals at Saint Petersburg in Russia. The new plant has three lines which produce, respectively, concrete additives, alkali-free concrete setting accelerators, and tunneling shield lubricants. Investments in the new production facility at this stage amounted to about USD 5.60 million.

September 20, 2016- BASF established a new R&D team to work on concrete admixture solutions and technologies in Chigasaki, Japan.  Major focus of the team is on developing innovations that can increase productivity, durability and sustainability for the construction industry. This development is complementing the existing R&D centres around the world to bring innovations to Asia Pacific faster and to meet local needs.

August 4, 2016- Germany based global specialty chemicals manufacturer BASF SE has launched groundbreaking concrete admixture range called MasterEase, in Japan. MasterEase is a next generation admixture for low-viscosity concrete. This new admixture range improves the rheological properties, reduces viscosity in concrete by up to 30%, facilitating pumping, placing, leveling, and finishing of concert and stability of high-performance concrete. BASF Japan will launch products applicable for ready-mix concrete and precast applications. This product is going help diverse applications in construction industry of Japan and is likely to propel growth of the concrete admixture market in Asia Pacific.

June 7, 2016- Sika has opened its second production plant in Saraburi, North of Bangkok.  It has production capacity for 100,000 tons of mortars and 65,000 tons of concrete admixtures per year. 

Growing demand for infrastructures in developing economies, rapid urbanization and rise in income of middle class had shifted the demand for residential and construction to new better level which in turn drives the growth of concrete admixture market in the future. Government policies for infrastructure standard and need for reduction in water usage during construction time is a major concern for contractors which can be addressed by the effective use of concrete admixtures.      

Geographically, APAC region dominates these concrete admixture market both in terms of volume and value. As per analysis, developing economies like China, India and Brazil are consuming high amount of concrete for blooming civil structures.  Change in FDI policies and growing residential demand due to rise in population is providing an opportunity for the concrete admixture market to grow  in forecasted period. North America and Europe is expected to show sluggish growth due to saturation of construction industry

Reasons to buy:

  • his report includes in-depth study analysis of Concrete Admixtures market
  • It covers market segmentation by type, application and end user.
  • It helps in identifying region-wise major suppliers and understanding consumption patterns.
  • It provides useful and premium insights that will support investments of Concrete Admixtures  and allied companies providing details on the fast-growing segments and regions.
  • It provides key findings that will help companies to improve productivity by using supply chain strategies, cost effectiveness of various products mentioned in the report.
  • The data used in the report is primarily based on primary interviews with the major producing companies and industry experts which are supported by authentic industry data from secondary sources.

Target Audience:

  • Concrete Admixtures producers
  • Traders and distributors and suppliers of concrete admixtures
  • Association and government bodies.
  • Cement manufactures and contractors
  • Research institute

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