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Cement Admixture Market

Cement Admixture Market

Cement Admixture Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

Base Year:

2022

Date

Jul - 2023

Format:

PDF XLS PPT

Report Code:

VMR-VMR-2021-0804

Segments Covered
  • By Type By Type Mineral Admixtures , Chemical Admixtures
  • By End-User By End-User Residential Construction, Commercial Construction, Infrastructure Construction, Infrastructure Development, Other End-Users
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 18.9 Billion
Revenue 2030Revenue 2030: USD 35.6 Billion
Revenue CAGRRevenue CAGR (2023 - 2030): 9.5%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
Cement Admixture Market Share

The global Cement Admixture Market is valued at USD 18.9 Billion in 2022 and is projected to reach a value of USD 35.6 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 9.5% between 2023 and 2030.

Premium Insights

Due to the advantages offered by these admixtures and the rising demand for sustainable infrastructure, the Cement Admixture Market is anticipated to expand in the next years. Specific chemicals or natural components are added to it during production to increase the quality and performance of cement. These admixtures lessen the need for cement, boost its durability and strength, and consume less energy in manufacturing. Since cement is one of the most often used materials worldwide and its manufacture is responsible for a sizeable amount of greenhouse gas emissions, this industry is primarily driven by the demand for sustainable infrastructure.

Cement Admixture Market Size, 2022 To 2030 (USD Billion)

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The COVID-19 epidemic has also affected the Cement Admixture business favorably. Governments are investing in infrastructure projects to create jobs as nations try to restore their economies after the pandemic. This has raised the need for infrastructure development. Cement Admixtures are in greater demand because of the rise in demand for sustainable infrastructure. Additionally, due to the pandemic, people are now more aware of the value of sustainability and environmental management, which has increased the demand for green building products like Cement Admixtures.

Technological advancements are also anticipated to aid the Cement Admixture industry growth. For cement structures to last longer and require less upkeep, new admixtures are being created, like self-healing concrete. Demand for Cement Admixtures is anticipated to increase due to this innovation.

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Furthermore, the Asia-Pacific region consumes the most Cement Admixtures globally due to its significant building industry. Demand in the area is anticipated to increase further due to increased infrastructural investment and urbanization. Due to the rising need for sustainable infrastructure and the presence of prominent market participants in the Middle East and Africa (MEA) area, the MEA region is also anticipated to enjoy considerable growth.

In conclusion, the demand for sustainable infrastructure, technological advancements in the sector, and rising demand in the Asia-Pacific and MEA regions will all contribute to the Cement Admixture Market's predicted expansion in the years to come.

Economic Insight

The Russia-Ukraine conflict has hurt global financial markets. Fighting has disrupted global supply networks, raising food and gas prices and worrying many people about the future. These anxieties raised prices, slowing economic activity. This conflict has devastated Europe due to its energy dependence on Russia. Russia has struggled to sell oil due to EU sanctions. Energy price hikes have decreased consumer spending, raising European inflation.

Top Market Trends

  1. High Demand for Sustainable and Eco-Friendly Admixtures: Sustainable and environmentally friendly admixtures are in high demand in the Cement Admixture Market. Environmental preservation is becoming more important as the globe moves towards sustainable alternatives to conventional resources. As a result, the demand for environmentally friendly and sustainable materials in the building sector is rising. Due to their sustainability, industrial by-product-based combinations, including fly ash, ground granulated blast furnace slag, and silica fume, are becoming more and more well-liked on the market. These materials support sustainable development by lowering carbon footprints. Sustainable admixtures also have several advantages over conventional admixtures. They increase the characteristics of concrete, use less water, use less energy to make cement, and are easier to work with, among other things. As a result, demand for environmentally friendly and sustainable admixtures is anticipated.
  2. Increasing Demand for High-Performance Admixtures: The growing demand for high-performance admixtures is another significant trend in the Cement Admixture industry. High-performance admixtures are frequently used in infrastructure and large-scale construction projects that need strong, long-lasting concrete. They have several advantages, including improving concrete's durability, workability, and strength while using less water. Due to the increased demand for effective and efficient construction solutions, high-performance admixtures are in high demand. They make it possible for building specialists to create concrete of the highest caliber resistant to hard situations like environmental elements, large weights, and extreme weather. High-performance admixtures also assist in lowering the overall costs of construction projects by cutting down on material consumption and maintenance expenses. Consequently, the market for high-performance admixtures is anticipated to grow further in the construction industry.

Market Segmentation

The global Cement Admixture market can be categorized on the following: Product Type, Type, End-User, and Region. Based on Product Type, the market can be categorized into Water-Reducing Agents, Retarding Agents, Accelerating Agents, Air-Entraining Agents, and Plasticizers. Additionally, based on Type, the market can be split between Mineral Admixtures and Chemical Admixtures. In addition, based on End-User, the market can be categorized into Residential Construction, Commercial Construction, Industrial Construction, Infrastructure Development, and Others (including Repair and Maintenance). Likewise, based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Below tree is interactive. You can click the nodes to get more information.

Based on Product Type

Chemical Admixtures to Accommodate Maximum Market Share

Chemical admixtures dominate the product type segment of the Cement Admixture industry, accounting for a sizeable portion of the entire market. To improve the durability, strength, workability, and water resistance of cement in a variety of building applications, chemical admixtures are used. The expansion of this market can be ascribed to the rise in high-performance cement demand in the building sector, fueled by the expansion of infrastructure and urbanization. Plasticizers, superplasticizers, accelerators, retarders, air-entertainers, and waterproofing admixtures are just a few of the sub-segments that make up chemical admixtures. Due to their capacity to enhance concrete's flow characteristics, decrease the amount of water needed, boost strength, and prolong durability, superplasticizers are the leading group among them.

Based on Type

Chemical Admixtures Occupy a Significant Share of The Market

Mineral admixtures are anticipated to substantially increase in the next years substantially, even though chemical admixtures now hold a sizable market share. Mineral admixtures are added to improve cement's characteristics, lower carbon footprint, and increase sustainability. Fly ash, produced as a byproduct of coal combustion, is the most common type of mineral admixture. Fly ash is frequently utilized in building projects because it improves concrete's durability, workability, and strength while lowering the heat of hydration and the carbon footprint. Fly ash demand is anticipated to increase as legislation encouraging sustainable materials is implemented, and sustainable construction practices are given more attention.

Based on End-User

Infrastructure Construction, which Encompasses Public Facilities, Transportation, Energy And Utility, and Large-Scale Infrastructure Projects, is the Most Prevalent Category Among them.

The construction of residential, commercial, and infrastructure facilities is included in the end-user section of the Cement Admixture Market. Infrastructure construction, which encompasses public facilities, transportation, energy and utility, and large-scale infrastructure projects, is the most general category. The demand for contemporary, sustainable infrastructure is one of the main factors driving the Cement Admixture industry, along with population growth and urbanization. The demand for Cement Admixtures in the infrastructure construction industry drives the demand for high-performance concrete that can survive extreme weather conditions and deliver durability, strength, and long service life. Additionally, lowering the carbon footprint and assisting in the adoption of sustainable building techniques, admixtures are used in infrastructure projects.

Based on Region

Asia Pacific to Lead Global Sales Owing to Due to the Region's Rapid Growth in the Construction Industry

Asia-Pacific is the region with the largest Cement Admixture Market. This area is anticipated to maintain its dominance during the projected period despite having the biggest market share in 2022. Cement Admixtures are experiencing strong demand due to the region's rapid growth in the construction industry and the growing emphasis on sustainable infrastructure development. Huge investments are being made in the building sector in nations like China, Japan, India, and South Korea, boosting demand for stronger, longer-lasting structures. The region's growing industrialization and urbanization both contribute to the expansion of the Cement Admixtures industry.

Additionally, the governments of these nations are putting a lot of effort into creating sustainable infrastructure and smart cities, both of which call for the use of high-performance building supplies and methods. Due to their capacity to increase concrete workability, longevity, and strength, additives, including water-reducing agents, superplasticizers, and air-entraining agents, are becoming increasingly well-liked in the area. The demand for Cement Admixtures is also increasing in Asia-Pacific due to rising awareness of green building techniques and energy-efficient structures.

By boosting their production capacity, improving their distribution networks, and partnering with regional companies, the leading players in the Cement Admixture Market are also focusing on expanding their operations in this region. One of the industry's top companies, BASF SE, is concentrating on growing its business in the Asia-Pacific region by establishing new manufacturing and research facilities. Similarly, Sika AG, another important industry player, recently acquired a business in China to improve its standing there. During the forecast period, these trends are anticipated to fuel the Cement Admixture Market's expansion in Asia-Pacific.

Competitive Landscape

Numerous international and regional actors compete fiercely on the global market. Major corporations engage in strategic alliances, mergers & acquisitions, and joint ventures to acquire a market advantage. In addition, manufacturers concentrate on capacity expansions and R&D for new product development to offer consumers products that are on trend. Renderoc DSX is a brand-new admixture that Fosroc, a well-known provider of construction chemicals, announced in May 2022. It gives concrete constructions increased durability and corrosion resistance.

The key players in the global Cement Admixture market include - Buildtech Products (India), Sika AG (Switzerland), Razon Engineering Company Pvt. Ltd. (India), Flowcrete Group Ltd. (India), MBCC Group (Germany), BASF SE (Germany), GCP Applied Technologies (U.S.), RPM International Inc (U.S.), Fosroc International Inc (UK), Mapei S.P.A (Italy), CICO Technologies Ltd (India), CHRYSO S.A.S (France) among others.

Recent Market Developments

  • June 2022: Sika added a new manufacturing facility upstream in Stafford, Virginia, to increase its output of concrete admixtures in the United States.
  • May 2022: Sika inaugurated a new Santa Cruz de la Sierra facility in May 2022 to produce mortar and concrete admixtures. The new factory increased Bolivia's capacity to produce mortar and concrete admixtures twice in addition to the existing plant.
  • April 2021: A line of concrete admixtures named Eco-Efficiency Solutions was introduced by Master Builders Solutions, a division of the construction chemicals firm MBCC Group.

Segmentation of the Global Cement Admixture Market

Parameter Details
Segments Covered

By Type

  • Mineral Admixtures
  • Chemical Admixtures

By End-User

  • Residential Construction
  • Commercial Construction
  • Infrastructure Construction
  • Infrastructure Development
  • Other End-Users

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Buildtech Products (India)
  • Sika AG (Switzerland)
  • Razon Engineering Company Pvt. Ltd. (India)
  • Flowcrete Group Ltd. (India)
  • MBCC Group (Germany)
  • BASF SE (Germany)
  • GCP Applied Technologies (U.S.)
  • RPM International Inc (U.S.)
  • Fosroc International Inc (UK)
  • Mapei S.P.A (Italy)
  • CICO Technologies Ltd (India)
  • CHRYSO S.A.S (France)
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
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FAQ
Frequently Asked Question
  • The global Cement Admixture valued at USD 18.9 Billion in 2022 and is expected to reach USD 35.6 Billion in 2030 growing at a CAGR of 9.5%.

  • The prominent players in the market are Buildtech Products (India), Sika AG (Switzerland), Razon Engineering Company Pvt. Ltd. (India), Flowcrete Group Ltd. (India), MBCC Group (Germany), BASF SE (Germany), GCP Applied Technologies (U.S.), RPM International Inc (U.S.), Fosroc International Inc (UK), Mapei S.P.A (Italy), CICO Technologies Ltd (India), CHRYSO S.A.S (France).

  • The market is project to grow at a CAGR of 9.5% between 2023 and 2030.

  • The driving factors of the Cement Admixture include

    • Emerging Construction Industry With Growth Potential in the Developing Countries

  • Asia Pacific was the leading regional segment of the Cement Admixture in 2022.