According to the new market research report by IMARC Group " Concrete Admixtures Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”.

Concrete admixtures are natural and synthetic chemicals or additives that are added during or before concrete mixing. They comprise water-reducing, waterproofing, accelerating, air-entraining, and retarding agents. They assist in improving the properties of fresh and hardened concrete, such as durability and workability, without increasing or decreasing water content. They aid in preventing settlement, modifying the rate or capacity for bleeding, decreasing segregation, and improving pumpability. As they increase resistance to chemicals and prevent corrosion, the demand for concrete admixtures is rising across the globe.

The global concrete admixtures market reached US$ 16.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 30.6 Billion by 2028, exhibiting a CAGR of 10.7% during 2023-2028.

Market Trends -  

At present, the increasing adoption of concrete admixtures, as they accelerate or retard setting time, represents one of the key factors impelling the growth of the market. Additionally, the growing utilization of concrete admixtures due to the increasing number of residential and commercial infrastructure projects around the world is offering a positive market outlook. Apart from this, the rising demand for air-entraining concrete admixtures to intentionally introduce and stabilize microscopic air bubbles in concrete and improve its durability is offering lucrative growth opportunities to industry investors. Moreover, the increasing adoption of concrete admixtures to avoid cracks and shrinkages in concrete is bolstering the growth of the market. Furthermore, the rising demand for environmentally friendly and sustainable construction materials is strengthening the growth of the market.

Key Market Segmentation:

The global Concrete Admixtures Market is segmented by product, end user and region.

Breakup by Product:

  • Water Reducing Admixtures
  • Plasticizers
  • Superplasticizers
  • Waterproofing Admixtures
  • Accelerating Admixtures
  • Air-Entraining Admixtures
  • Retarding Admixtures
  • Others

Breakup by End User:

  • Residential
  • Commercial
  • Infrastructure

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

Key Market Players are:

The report provides a comprehensive analysis of the industry key players listed below:

The major players in the market are BASF SE, CAC Admixtures, CEMEX S.A.B. de C.V., CICO Group, Fosroc Inc. (JMH Group), Fritz-Pak Corporation, GCP Applied Technologies Inc. (Compagnie de Saint-Gobain S.A.), Mapei S.p.A., Pidilite Industries Limited, Rhein-Chemotechnik GmbH, RPM International Inc. and Sika AG