| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2019 - 2023 |
| CAGR | 5.50% |
| Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
South America Concrete Admixtures Market Analysis
The South America Concrete Admixtures Market is expected to register a CAGR of greater than 5.5% during the forecast period.
Covid-19 negatively impacted the demand for concrete admixtures. The need for construction products decreased as COVID-19 instances rose. Many businesses involved in producing concrete admixtures encountered difficulties in marketing their product, resulting in staggered growth of the manufacturers. However, since restrictions were removed, the industry has been recovering strongly. Over the past two years, a rise in home sales, the beginning of new projects, and a rise in the demand for new offices and retail space have been driving the market's recovery.
- A major factor driving the market studied is the increasing demand from the residential construction sector. Additionally, rapid urbanization is likely to favor the market's growth.
- On the flip side construction industries have been increasingly concerned about the skills shortage in the industry, and the issue is getting worse as time goes on. This may serve as a hindrance to the growth of the market.
- Growing investment in the construction sector will likely provide new growth opportunities for the market.
- Brazil is expected to dominate the market during the forecast period. This growth is attributed to the bullish demand for construction in the residential, commercial, industrial, and infrastructure sectors.
South America Concrete Admixtures Market Trends
Increasing Consumption of Concrete Admixtures in the Residential Sector
- Growth in population, migration from hometowns to service sector clusters, and the growing trend of the nuclear family are some factors driving residential construction worldwide. Besides, the decreasing land-to-population ratio and the growing trend of constructing high-rise residential buildings and townships have been driving the application of concrete admixture in the residential construction segment across the world.
- Increasing government initiatives propelling the demand for affordable housing stimulates market expansion.
- In addition, the rising household income levels, combined with the population migrating from rural to urban areas, are expected to continue to drive the demand for the residential construction sector. The increased focus on affordable housing by both the public and private sectors is driving the growth in residential construction.
- According to the Câmara Brasileira da Indústria da Construção, Brazil had 28,300 new housing units for sale in the first quarter of 2021. The research considers 37 Brazilian cities as well as 16 metropolitan areas.
- Factors such as rapid urban migration in major economies, increased government spending in the real estate market for residential construction, and the growing demand for high-class residential homes are likely to benefit the growth of the market studied. In addition, rising real estate costs, particularly the development of single-family homes and multistoreyed apartments in emerging economies, are anticipated to further boost the concrete admixtures market.
- According to the National Institute of Statistics and Censuses (INDEC), the construction activity index in Argentina rose by 5.2% year-on-year. In the first nine months of the year, it registered an accumulated increase of 6.3% compared to the same period in 2021.
- The Brazilian government plans to invest BRL 278 billion (~USD 52.19 billion) in popular housing and urbanization works by 2025. This amount will allow the contracting of up to 2.5 million housing units with very reduced interest rates.
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Brazil to Dominate the Market
- Brazil dominates the South American market with a significant market share and is projected to maintain its dominance during the forecast period. The significantly increased construction activities are the primary factor driving the growth of the target industry.
- The construction sector accounts for more than 3.2% of the country's GDP. The country spends 2% of its GDP on infrastructure.
- According to the Câmara Brasileira da Indústria da Construção, in 2021, the average cost of building construction per square meter in Brazil exceeded BRL 20,000 (~USD 3,806), which is twice as high as in 2010. These values include the basic expenditures of building construction, such as materials, labor, equipment, and administration. In that year, the major contributor to building expenses was labor expenditures in Brazil.
- The Brazilian government invested BRL 866 million (~USD 162.56 million) in 762 infrastructure projects to improve the conditions of Brazilian tourist cities and valorize the sector's potential, attracting even more visitors and receiving them with more comfort.
- The improvements included renovations and construction of event spaces, public squares, waterfronts, asphalt paving, and viewpoints, among other interventions. In the north-east, 268 projects were completed, with BRL 274.7 million (~USD 51.57 million) in investments. The south was the second to receive the most improvements, with 219 projects, followed by the southeast, with 155.
- According to the Brazilian Institute of Geography and Statistics (IBGE), the construction industry's value adds remained strong in the first quarter of 2022 and posted a growth of 9% year-on-year (YoY).
- Jundiai Reserva Alta Vista Residential Complex, which is expected to be completed by Q3 2023 and involves the construction of a residential complex in Jundiai, Sao Paulo costs about USD 50 million.
- Nex One Alto da Boa Vista Residential Complex, which is expected to be completed by Q2 2023 and involves the construction of a residential complex at Santo Amaro in Sao Paulo is estimated to cost USD 30 million.
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South America Concrete Admixtures Industry Overview
The South American concrete admixtures market is fragmented, with no players holding a significant market share. Some of the major companies (in no particular order) are Sika AG, CEMEX SAB de CV, GCP Applied Technologies Inc., and MAPEI SpA.
South America Concrete Admixtures Market Leaders
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Sika AG
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CEMEX SAB de CV
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GCP Applied Technologies Inc.
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MAPEI SpA
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RPM International Inc.
- *Disclaimer: Major Players sorted in no particular order
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South America Concrete Admixtures Market News
- September 2022: Saint-Gobain completed the acquisition of GCP Applied Technologies, thereby expanding into the concrete admixtures sector. Saint-Gobain acquired GCP Applied Technologies for USD 32.00 per share in a transaction valued at approximately USD 2.3 billion. The acquisition will provide strong growth potential to the company in the concrete admixtures market.
- March 2021: Sika acquired Supermassado BrasilLtda., a mortar manufacturer that operates under the brand BR Massa in the Brazilian market. The acquisition will enhance Sika's position in the region of Minas Gerais, one of the strongest economic regions in Brazil, and complement the production footprint.
South America Concrete Admixtures Industry Segmentation
Concrete admixtures are natural or synthetic additives used to prepare concrete mixes. The key purpose of using such additives is to improve the concrete mix to enable it to gain desired properties in concrete for specific applications.
The South America concrete admixtures market is segmented by function, construction sector, and geography. By function, the market is segmented into water reducer (plasticizers), retarder, accelerator, air-entraining admixture, viscosity modifier, shrinkage-reducing admixture, high-range water reducer (superplasticizer), and other functions. By the construction sector, the market is segmented into commercial, residential, infrastructure, industrial and institutional. The report also covers the market size and forecasts for the South America concrete admixtures market in two (Brazil and Argentina) countries across South America. For each segment, the market sizing and forecasts have been done based on revenue (USD million).
| Function | Water Reducer (plasticizers) |
| Retarder | |
| Accelerator | |
| Air Entraining Admixture | |
| Viscosity Modifier | |
| Shrinkage-reducing Admixture | |
| High-range Water Reducer (superplasticizer) | |
| Other Functions | |
| Construction Sector | Commercial |
| Residential | |
| Infrastructure | |
| Industrial And Institutional | |
| Geography | Brazil |
| Argentina | |
| Rest of South America |
Function
| Water Reducer (plasticizers) |
| Retarder |
| Accelerator |
| Air Entraining Admixture |
| Viscosity Modifier |
| Shrinkage-reducing Admixture |
| High-range Water Reducer (superplasticizer) |
| Other Functions |
Construction Sector
| Commercial |
| Residential |
| Infrastructure |
| Industrial And Institutional |
Geography
| Brazil |
| Argentina |
| Rest of South America |
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South America Concrete Admixtures Market Research FAQs
What is the current South America Concrete Admixtures Market size?
The South America Concrete Admixtures Market is projected to register a CAGR of greater than 5.5% during the forecast period (2025-2030)
Who are the key players in South America Concrete Admixtures Market?
Sika AG, CEMEX SAB de CV, GCP Applied Technologies Inc., MAPEI SpA and RPM International Inc. are the major companies operating in the South America Concrete Admixtures Market.
What years does this South America Concrete Admixtures Market cover?
The report covers the South America Concrete Admixtures Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the South America Concrete Admixtures Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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South America Concrete Admixtures Industry Report
Statistics for the 2025 South America Concrete Admixtures market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Concrete Admixtures analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
