Market Size of concrete admixtures Industry
| Icons | Lable | Value |
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Study Period | 2018 - 2030 |
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Market Size (2024) | USD 15.05 Billion |
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Market Size (2030) | USD 21.31 Billion |
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Largest Share by End Use Sector | Residential |
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CAGR (2024 - 2030) | 5.97 % |
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Largest Share by Region | Asia-Pacific |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Concrete Admixtures Market Analysis
The Concrete Admixtures Market size is estimated at 15.05 billion USD in 2024, and is expected to reach 21.31 billion USD by 2030, growing at a CAGR of 5.97% during the forecast period (2024-2030).
15.05 Billion
Market Size in 2024 (USD)
21.31 Billion
Market Size in 2030 (USD)
3.99 %
CAGR (2018-2023)
5.97 %
CAGR (2024-2030)
Largest Market by Sub Product
39.77 %
value share, Water Reducer (Plasticizer), 2023
Strict government regulations on water consumption, specifically for residential and industrial construction, have supported the global demand for water reducers.
Largest Market by End Use Sector
32.02 %
value share, Residential, 2023
Due to the increasing usage of water reducers, retarders, and other admixtures to build high-quality and durable homes, apartments, etc., the residential sector holds the largest share.
Largest Market by Region
33.08 %
value share, Asia-Pacific, 2023
The region dominated the market due to growth in construction industrial activity and the increasing demand for concrete admixtures in countries like China, India, Japan, and South Korea.
Fastest Market by Region
6.68 %
Projected CAGR, Asia-Pacific, 2024-2030
The Asia-Pacific region is expected to grow fast with investments in infrastructure projects, government initiatives, fast-paced urbanization, and industrialization.
Leading Company
15.28 %
market share, Sika AG, 2022
The company's broad range of high-quality products, well-established network, robust supply chain, and strategic expansions and acquisitions in the construction industry make it a major player in the market.
Rise in demand for housing units to drive the demand for concrete admixtures in the future
- In 2022, the global consumption value of concrete admixtures witnessed a growth of approximately 2.31%. This growth was projected to further increase by 5.13% in 2023. The surge in demand can be attributed to the infrastructure and residential construction sectors.
- The residential sector is the largest consumer of concrete admixtures across the globe, accounting for a share of around 32.2% in 2022. Factors such as rapid urbanization, government initiatives, and both foreign and domestic investments are fueling the demand for housing. This, in turn, is expected to boost residential construction in the coming years. For instance, Germany has plans to construct a minimum of 4,000 new housing units by 2024. Consequently, the demand for concrete admixtures in the residential sector is projected to rise by USD 2.6 billion by 2030 compared to 2023.
- The residential sector is expected to be the fastest-growing consumer of concrete admixtures, recording the highest CAGR of 6.67% during the forecast period. The sector's new floor area is set to expand by 8.4 billion sq. ft by 2030, driven by sustained housing demand, increasing investments, and supportive government policies. For instance, the Government of Indonesia (GOI) set a target of constructing around 1 million housing units by 2025, as the country's housing needs are projected to reach 30 million units. Overall, the global residential sector's new floor area is expected to witness a CAGR of 3.81% during the forecast period, further bolstering the demand for concrete admixtures.
Understand The Key Trends Shaping This Market
Rise in demand for housing units in the Asia-Pacific region is likely to boost the demand for concrete admixtures globally
- In 2022, the global concrete admixtures market grew by 2.31% compared to 2021, with regions like Asia-Pacific and Europe recording the highest growth of 33% and 24.5%, respectively. Concrete admixtures were estimated to grow by 5.13% globally in 2023 compared to 2022.
- In 2023, the Asia-Pacific region emerged as the global leader in concrete admixtures, accounting for approximately 33.1% of the market. Within the region, the infrastructure and residential construction sectors held the largest shares of the concrete admixtures market. In 2022, infrastructure construction alone accounted for a market share of USD 1.56 billion, and this figure was projected to grow by 7.24% in 2023. Additionally, infrastructure spending in the region was set to rise by USD 36.42 billion in 2023, compared to the previous year. The concrete admixtures market in the Asia-Pacific region was expected to witness a 5.35% growth in value from 2022 to 2023.
- The Asia-Pacific region is expected to be the fastest-growing consumer of concrete admixtures, recording a CAGR of 6.70% during the forecast period. This growth can be attributed to the residential sector's demand for concrete admixtures. The region is projected to witness a surge of 524 million sq. ft in new residential floor area by 2024 compared to 2023. By 2030, it was estimated that over 40% of India's population will reside in urban areas, leading to a demand for approximately 25 million affordable housing units. Consequently, the concrete admixtures market in the region is expected to reach USD 73 billion by 2030, up from USD 46 billion in 2023.
