Market Size of india concrete admixtures Industry
| Icons | Lable | Value |
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Study Period | 2018 - 2030 |
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Market Size (2024) | USD 332.81 Million |
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Market Size (2030) | USD 492.12 Million |
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Largest Share by End Use Sector | Residential |
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CAGR (2024 - 2030) | 6.74 % |
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Fastest Growing by End Use Sector | Commercial |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
India Concrete Admixtures Market Analysis
The India Concrete Admixtures Market size is estimated at 332.81 million USD in 2024, and is expected to reach 492.12 million USD by 2030, growing at a CAGR of 6.74% during the forecast period (2024-2030).
332.81 Million
Market Size in 2024 (USD)
492.12 Million
Market Size in 2030 (USD)
4.50 %
CAGR (2018-2023)
6.74 %
CAGR (2024-2030)
Largest Market by Sub Product
37.16 %
value share, Water Reducer (Plasticizer), 2023
Strict government regulations on water consumption, specifically for residential and industrial construction, have supported the demand for water reducers in the country.
Fastest Market by Sub Product
7.68 %
Projected CAGR, Retarder, 2024-2030
With high temperatures and rising global warming affecting the setting time of concrete, the demand for retarders is expected to witness the fastest growth during the forecast period.
Largest Market by End Use Sector
39.16 %
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.
Fastest Market by End Use Sector
8.01 %
Projected CAGR, Commercial, 2024-2030
Growing investments in construction for IT Hubs and increasing consumption of concrete admixtures for malls, offices, etc., are expected to make it the fastest-growing sector during the forecast.
Leading Company
17.54 %
market share, Fosroc, Inc., Inc.
With a broad range of products such as water reducers, retarders, superplasticizers, etc., and recent product innovations, Fosroc has occupied the largest share of the market.
India's focus on attracting foreign investment and propelling economic growth to influence the market's growth
- The market for concrete admixtures witnessed a significant surge in 2022, surpassing its 2021 value by 8.15%. This growth was primarily propelled by a nationwide uptick in construction activities. A 5% increase in the demand for concrete admixtures was projected for 2023, with the infrastructure and commercial sectors spearheading this surge.
- Given that concrete is a cornerstone material in the majority of residential buildings in India, it comes as no surprise that the residential segment dominated the demand and value for concrete admixtures in 2022. This demand is further fueled by India's consistently rising urban population. Notably, the urban population in 2022 and 2021 saw a 2.1% and 2.2% increase, respectively, compared to the preceding years.
- In 2022, the infrastructure sector emerged as the second-largest contributor to the concrete admixtures market, a testament to India's heightened focus on infrastructure development. This emphasis has translated into a notable surge in the demand for concrete admixtures. For instance, in 2022, infrastructure spending saw a 3.09% increase from the previous year, aligning with the nation's plan to invest approximately USD 1.4 trillion in infrastructure projects spanning 2019-2023.
- The construction of new commercial buildings is poised to witness a CAGR of 5.26% during the forecast period of 2023-2030. This momentum can be attributed to India's burgeoning economy and the anticipated influx of investments from foreign companies. Within the commercial segment, the growth is expected to be even more pronounced, with a projected CAGR of 8.04% during the forecast period.
Understand The Key Trends Shaping This Market
