Concrete Admixtures Market, Growth Revenue, Trends, Growth Factors,...

Concrete Admixtures Market, Growth Revenue, Trends, Growth Factors, Region and Country Analysis

Posted 2023-05-08 09:48:02

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Concrete admixture Market–Market Overview

Concrete Admixtures Market Size was valued at USD 17.82 billion in 2021. The Concrete Admixtures market industry is projected to grow from USD 18.64 Billion in 2022 to USD 30.96 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.55% during the forecast period (2022 - 2030). 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 manufacturers 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 RD 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.

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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 RD team to work on concrete additives 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 RD 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.

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