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The concrete admixtures market size is forecast to increase by USD 3.77 billion, at a CAGR of 4.46% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, driven by the ever-changing dynamics of construction industry requirements and advancements in cement chemistry. Mineral admixtures, such as fly ash and silica fume, play a significant role in enhancing concrete's properties, including durability and strength. Durability testing is crucial to ensure long-term performance, with tests like compressive strength and flexural strength assessing concrete's ability to withstand various stresses. Transportation logistics and batching plants optimize the delivery and mixing of concrete, reducing waste and ensuring consistency. High-strength concrete (HSC) and fiber-reinforced concrete (FRC) are increasingly used in infrastructure projects, necessitating the development of set retarders and early strength development admixtures.
Embodied carbon and environmental impact are growing concerns, leading to the adoption of green concrete and the use of recycled materials. ACI and ASTM standards guide the industry, ensuring adherence to quality and safety regulations. Chloride resistance and sulfate resistance admixtures address corrosion risks, while strength enhancers and segregation reduction agents improve concrete's overall performance. Building codes and industry standards continue to evolve, driving the need for continuous innovation in concrete admixtures. Adhesion promoters, rheology modifiers, and curing properties enhancers are among the latest developments. The market's ongoing evolution reflects the industry's commitment to delivering high-performance, sustainable, and cost-effective concrete solutions.
The concrete admixtures industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The clubs segment is estimated to witness significant growth during the forecast period.
The market is experiencing significant growth due to the increasing construction activities, particularly in the residential sector. With the world's population projected to reach 8.5 billion by 2030, according to The World Bank, the demand for new housing units, especially in urban areas of Asia Pacific (APAC) and North America, is expected to surge. Concrete admixtures play a crucial role in enhancing the properties of concrete, such as durability, strength, and workability, making them an essential component in various residential applications, including flooring and walls. New housing projects are underway worldwide, and APAC and Middle East Africa (MEA) are expected to witness the highest construction activities.
Mineral admixtures, such as fly ash and silica fume, are commonly used to improve concrete's strength and durability. ACI and ASTM standards ensure the quality and consistency of these admixtures. Set retarders and water reducers help reduce water usage and improve concrete's slump retention, thereby reducing transportation logistics costs and improving sustainability. High-strength concrete (HSC) and fiber-reinforced concrete (FRC) are popular choices for high-rise buildings and infrastructure projects, requiring long-term strength development. Environmental concerns are driving the demand for green concrete and the reduction of embodied carbon. ISO standards and lifecycle assessments guide the production and use of eco-friendly concrete admixtures.
Self-consolidating concrete (SCC) and other advanced concrete technologies are gaining popularity due to their placement properties and reduced need for segregation reduction admixtures. Concrete testing is essential to ensure compliance with building codes and regulations, including early strength development, sulfate resistance, and shrinkage reduction. Cement chemistry plays a significant role in the performance of concrete admixtures. Portland cement is the primary raw material, and set accelerators and air-entraining agents are used to optimize the curing properties. Corrosion inhibitors and durability enhancers are added to improve concrete's resistance to chloride and other aggressive environments. Ready-mix concrete and precast concrete are common construction methods that rely on concrete admixtures for optimal performance.
In conclusion, the market is experiencing significant growth due to the increasing demand for new housing units and infrastructure projects. Mineral admixtures, durability testing, and environmental concerns are key trends driving the market. Concrete testing and quality control are essential to ensure compliance with building codes and regulations. The market is expected to remain dynamic, with ongoing research and development in cement chemistry, advanced concrete technologies, and sustainable production methods.
The Clubs segment was valued at USD 7.12 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 56% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market is experiencing significant growth, particularly in the Asia Pacific region, due to the increasing number of construction projects. Countries such as India, Vietnam, Indonesia, and Thailand are expected to lead this growth, with their infrastructure and construction sectors allocating substantial budgets. For instance, India's infrastructure budget for 2024 was USD 11.11 trillion (Rs. 133.9 billion), a large portion of which was dedicated to infrastructure development. Mineral admixtures, such as silica fume and fly ash, are essential components of high-performance concrete and fiber-reinforced concrete (FRC), contributing to their durability and long-term strength development. ACI and ASTM standards ensure the quality and consistency of these admixtures, while set retarders and accelerators regulate the concrete setting process.
Environmental concerns are increasingly influencing market trends, with a focus on reducing embodied carbon and promoting green concrete. The use of recycled materials and the optimization of transportation logistics are essential strategies for reducing waste and minimizing the environmental impact of concrete production and delivery. Ready-mix concrete and precast concrete are popular applications for concrete admixtures, with self-consolidating concrete (SCC) and high-strength concrete (HSC) gaining popularity due to their superior placement properties and compressive strength. Durability enhancers, such as chloride resistance and freeze-thaw resistance, are crucial for ensuring the long-term performance of concrete structures. Quality control and supply chain management are essential aspects of the market, with the use of ISO standards and concrete testing playing a vital role in maintaining consistency and ensuring compliance with building codes.
Workability enhancers, such as water reducers and rheology modifiers, improve the concrete's pumping properties and reduce segregation. In conclusion, the market is driven by the growing construction industry in the Asia Pacific region, with a focus on sustainability, durability, and efficiency. Mineral admixtures, environmental considerations, and quality control are key trends shaping the market's growth.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The concrete admixtures market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the concrete admixtures market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, concrete admixtures market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Arkema Group - This company specializes in the development and distribution of innovative sports products, catering to diverse consumer needs and preferences.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Concrete Admixtures Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
150 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.46% |
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Market growth 2024-2028 |
USD 3774.4 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
4.27 |
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Key countries |
China, US, India, Russia, and Brazil |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this concrete admixtures market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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