In terms of value, the concrete admixtures market is estimated to grow from USD 18.6 billion in 2023 to USD 25.9 billion by 2028, at a CAGR of 6.9%. Concrete admixtures have grown in popularity as the enriched quality of construction and urbanization has increased tremendously worldwide in the last two decades. These factors drive the concrete admixtures market. According to a new in-depth market research report, the sector is poised for expansion, driven by various factors such as concrete admixtures market size, share, and emerging trends.
Concrete Admixtures Companies
The key players profiled in the report include Sika AG (Switzerland), Saint-Gobain S.A. (France), MAPEI S.p.A. (Italy), Fosroc, Inc. (UAE), CICO Group (US), Dow Inc. (US) Xypex Chemical Corporation (Canada), and RPM International Inc. (US). The concrete admixtures market has witnessed strong growth in the past few years; new technologies drive the growth of this market. Market players are introducing new technologies and features to acquire larger market shares.
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Sika AG is a Switzerland-based specialty construction chemicals company. Sika AG is one of the major manufacturers of construction chemicals, constantly focusing on innovative technologies and products for the construction industry. The company offers its products for a wide range of applications such as concrete admixtures, waterproofing systems, sealants, adhesives, flooring systems, roofing systems, and industrial coatings. It is one of the leading players in the concrete admixtures market. Sika operates in two major business segments: the construction industry and industrial manufacturing. It operates in 103 countries worldwide with 400 production sites and has a significant global footprint. In May 2023, the company completed the acquisition of the MBCC group after having received all necessary regulatory approvals. This acquisition is set to accelerate the sustainable transformation of both Sika and the global construction industry.
Saint-Gobain is a French multinational building materials company headquartered in Courbevoie, France. It offers a diverse range of concrete admixtures for various applications including residential and commercial construction, infrastructure projects, and industrial projects. The company offers these products through its subsidiaries such as GCP Applied Technologies, Chryso Inc., and Saint-Gobain Weber (formerly Sodamco). Saint-Gobain operates in 75 countries: Europe, North America, Asia Pacific, the Middle East & Africa, and the South American region. In September 2022, Saint-Gobain acquired GCP Applied Technologies. Further it will be flawlessly integrated into Chryso Inc, a subsidiary within Saint-Gobain’s High Performance Solutions segment, which will enhance company’s comprehensive offerings in this domain.
The commercial is estimated to be the second-largest application of concrete admixtures, in terms of value, during the forecast period.
In the upcoming years, it is anticipated that the use of concrete admixtures in commercial applications will continue to grow. Because commercial buildings are typically subjected to more wear and tear than residential buildings. Also, weak bases, structures, and water penetration can cause significant structural damage to commercial buildings, which can lead to costly repairs and downtime. Therefore, there is a demand for durable and long-lasting concrete solutions for the commercial application.
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Asia Pacific is estimated to be the largest market for the concrete admixtures market, in terms of value, during the forecast period.
The adoption of concrete admixtures in various industrial sectors has increased due to government initiatives and heavy investments in infrastructure development. Moreover, The Asia-Pacific region is one of the fastest-growing regions in the world, with strong economic growth and rising disposable incomes. This is creating a favorable environment for the growth of the concrete admixtures market. Accordingly, Asia Pacific will be the largest market for concrete admixtures market during the forecast period.
