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Market Overview:
The Concrete Admixtures Construction Chemicals Market size is estimated to reach $26.5 billion by 2030, growing at a CAGR of 7.7% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Concrete Admixtures Construction Chemicals Market – By Admixture Type (Water Reducing, High Range Water Reducing, Accelerators, Alkali/Alkali Free, Air Entraining, Water Resisting, Admixtures for Mortars & Grouts, Retarding Admixtures and Others), By End User (Residential Construction, Commercial Construction, Industrial Construction, Infrastructure), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”
Surge in urbanization and growing demand for high-performance concrete are fueling the growth of the Concrete Admixtures Construction Chemicals industry during the forecast period.
North America Dominated the Market in 2023:
Asia Pacific (APAC) is projected to dominate the concrete admixtures construction chemical market, with a market share of 42% in 2023. The region’s rapid urbanization and extensive infrastructure projects, particularly in China, have driven this growth. According to the National Bureau of Statistics, China’s construction output reached an estimated $4.9 trillion in 2022, a 3.8% increase from the previous year, propelled by government investments. Notably, China plans to invest $1.43 trillion in various construction initiatives during its 14th five-year plan. As per the National Development and Reform Commission (NDRC), Shanghai's plans call for a total investment of $38.7 billion over the next three years. Japan is also gearing up for significant growth in preparation for the 2025 World Expo in Osaka. These regional developments will continue to fuel the demand for construction chemicals in the APAC market.
Concrete Admixtures Construction Chemicals Market: Key Takeaways
Increase in Infrastructure Construction:
Infrastructure forms the foundation of any economy, and maintaining as well as expanding it is crucial for continued growth. According to the White House, with 20% of U.S. highways and major roads in poor condition, alongside 45,000 structurally deficient bridges, infrastructure upgrades have become a national priority. The bipartisan Infrastructure Investment and Jobs Act aims to address this need, particularly through the Mega grant program, which allocates $5 billion until 2026 to support large-scale infrastructure projects. Additionally, Peru’s Lima Metro Line 2 project, valued at $5.8 billion, underscores the global push for infrastructure expansion. This growing investment in construction is expected to drive the demand for concrete admixtures and construction chemicals in the coming years.
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Growing Demand for Sustainable Buildings:
Green buildings are now recognized as critical in combating climate change and conserving resources. These structures focus on using sustainable, non-toxic materials and minimizing environmental impacts. Concrete admixtures play a key role in this process by optimizing formulations, allowing the use of local materials, and reducing water and cement consumption. This improved efficiency supports sustainable construction practices. The Indian Green Building Council notes that green buildings can cut energy usage by 20-30% and water consumption by 30-50%. As the demand for eco-friendly architecture rises, so does the need for concrete admixtures, driving growth in the market as sustainable construction practices become more widespread.
Scope of the Report:
Report Metric | Details |
Base Year Considered | 2023 |
Forecast Period | 2024–2030 |
CAGR | 7.7% |
Market Size in 2030 | $26.5 billion |
Segments Covered | By Admixture Type, By End User, and By Region |
Geographies Covered | North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle East, and Africa). |
Key Market Players | 1. Sika AG 2. Yara International 3. Normet Group 4. CEMEX S.A.B. de C.V. 5. The Dow Chemical Company 6. BASF SE 7. Euclid Chemicals 8. Bostik 9. CICO Group 10. Mapei |
Recent Developments:
- In March 2023, Chryso Inc. and GCP Applied Technologies unified under Saint-Gobain, launching EnviroMix SE at ConExpo-Con/Agg 2023. This novel concrete strength enhancer reduces binder content by up to 10%, boosts compressive strength, and supports decarbonization, exemplifying Saint-Gobain’s commitment to sustainable construction solutions.
- In February 2022, Euclid Chemical unveiled three innovative concrete admixtures at the World of Concrete, addressing industry demands. EUCOSHIELD™ enhances finishing by preventing moisture loss, EUCON ECO-STRENGTH™ boosts strength while reducing cement content, and EUCON® AM-10L offers integral waterproofing by sealing pores and cracks in concrete.
Concrete Admixtures Construction Chemicals Market: Competitive Landscape
Key companies profiled in the Concrete Admixtures Construction Chemicals Market are Sika AG, Yara International, Normet Group, CEMEX S.A.B. de C.V., The Dow Chemical Company, BASF SE, Euclid Chemicals, Bostik, CICO Group, Mapei and others.