Concrete Admixture Market 2020 Growth Projection by Leading Players: BASF, Sika, Mapei, Fosroc, CEMEX

As per the latest research report, the global concrete admixture market is anticipated to depict a CAGR of 6.4% through 2026, having recorded a valuation of USD 18.85 billion in 2018. By 2026, the concrete admixtures market is expected to hit a remuneration of USD 30.93 billion.

The global concrete admixture market is on its way to becoming a lucrative industry vertical in the forthcoming years. Admixtures are natural or manufactured chemicals that are added to the concrete during mixing. These are generally used to give special properties to hardened or fresh concrete.

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Commercial building and construction activities in Latin America is set to witness strong growth in coming years. This is mainly ascribed to economic growth and strong inflow of private investment, which will drive product demand and have positive impact on total concrete admixture market size by 2026.

Market Growth Drivers -
o Rapid rate of urbanization across the globe
o Rising government initiative for better infrastructure development
o Revival of the U.S. and European construction industry
o Rapidly growing construction industry in Asia Pacific
o Rising investment in the construction industry in the Middle East

Based on the product landscape, the concrete admixture market is segmented into superplasticizers, accelerators, retarders, fly ash, water reducers, air entraining mixture, silicate fume, Synthetic CSH, plasticizers and others. Among these, the superplasticizers segment is set to witness significant gains of more than 6% CAGR owing to its excellent properties that allow reduction in water content by 30% or more without impacting the workability of the concrete. Moreover, it is majorly applicable in placements where well-dispersed particle suspension is required to enhance rheology.

Set retarding concrete admixtures are used to delay the chemical reaction that takes place when the concrete starts the setting process. These are usually employed to restrict the effect of high temperatures that could fasten the initial setting time of concrete.

Top Companies: -
Sika AG, BASF SE, Fosroc Ltd., Denka Company Limited, GCP Applied Technologies Inc., Cormix International Limited, CEMEX Group, MAPEI SpA, RPM International, Inc., Krishna Colours & Constchem Pvt. Ltd., Arkema SA, CICO Group, Cementaid (UK) LTD, Ha-Be Betonchemie GmbH & Co. KG, Beijing Jiankai Concrete Additive Co., Ltd.

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Split by product type, the concrete admixture market has been divided into: -
o Superplasticizers
o Accelerators
o Retarders
o Water Reducers
o Air Entraining Mixture
o Fly Ash
o Silicate Fume

Split by application, the concrete admixture market is divided into: -
o Residential
o Non-residential
o Commercial

Fly ash concrete admixture could be used as a prime material in most of the cement-based products like brick, concrete block and poured concrete. Fly ash segment to showcase a CAGR of 4.7% over the projected timeframe.

Fly ash mixed concrete possesses reduced bleeding and segregation properties as compared to plain concrete. It is finer than cement and is used in making concrete to make it more economical by improving its workability.

Silica fume is a byproduct of producing silicon metal or ferrosilicon alloys. It is a highly effective pozzolanic material which improves concrete properties such as bond strength, abrasion resistance, compressive strength, and dense concrete among others.

Elaborating on the application segment, the concrete admixture market is classified into commercial, residential and non-residential sectors. Among these the economic conditions in the non-residential segment are supporting growth in demand for construction activity, mainly for nonresidential buildings led by a robust demand for educational hubs, retail shopping centers, amusement/recreation parks, hotels etc.
Moreover, the commercial segment held a major share and growth rate. This application segment will be a major growth factor due to rising construction of commercial buildings such as, restaurants, shopping malls, hypermarkets, airports, roads, warehouses, and manufacturing facilities. Fueled by increasing migration in urban cities.

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