MARKET ANALYSIS
Concrete admixtures are natural or chemical additives that enhance durability, workability, and strength of the fresh as well as hardened concrete. They are added in the concrete during mixing to achieve a high performance and long-lasting concrete. There are various types of concrete admixtures such as accelerating admixtures, retarding admixtures, water-proofing admixtures, air-entraining admixtures, gas forming admixtures, bonding admixtures, corrosion inhibiting admixtures, among others. Each admixture plays a specific role in the concrete. For instance, accelerating admixtures are used to reduce the setting time of the concrete whereas retarding admixtures decrease the rate of cement hydration at an initial phase and increase the initial setting time of concrete. Concrete admixtures are critical ingredients in the concrete, thus, witnessing high demand in the global construction sector.
GROWTH DRIVERS AND CHALLENGES
The growth of the global construction industry is one of the significant drivers for concrete admixtures market. Population growth, urbanization, and migration of rural population to urban areas and megacities, are some of the key factors driving the growth of the construction industry. Moreover, development of commercial buildings, industrial areas, special economic zone (SEZ), railway and road infrastructure are also boosting the global construction industry. Thus, the rise of construction sector is boosting the demand for concrete admixtures as they are the important components of concrete and cement.
Increasing sustainability concerns in the construction sector are driving the innovation for green concrete and concrete additives. The rising carbon emissions resulting in climate change and global warming are the key factors driving the demand for eco-friendly concrete admixtures. Therefore, manufacturers of concrete admixtures are launching bio-sourced products to reduce their carbon footprints. For instance, in January 2023, CEMEX, S.A.B. de C.V. launched a range of bio-source admixtures that use natural, locally sourced, and renewable raw materials which help to achieve carbon emission 70% less than traditional oil-based admixtures. Such developments are expected to provide lucrative opportunities in the concrete admixtures market over the forecast period.
REPORT SEGMENTATION AND SCOPE
The "Global Concrete Admixtures Market Analysis to 2030" is a specialized and in-depth study with a major focus on the global concrete admixtures market trends and growth opportunities. The report aims to provide an overview of the global concrete admixtures market with detailed market segmentation by type, end use, and geography. The global concrete admixtures market has been witnessing high growth over the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of concrete admixtures worldwide along with their demand in major regions and countries. In addition, the report provides the qualitative assessment of various factors affecting the concrete admixtures market performance in major regions and countries. The report also includes a comprehensive analysis of the leading players in the concrete admixtures market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative concrete admixtures market opportunities that would, in turn, aid in identifying the major revenue pockets.
Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global concrete admixtures market, which helps understand the entire supply chain and various factors affecting the market growth.
SEGMENTAL ANALYSIS
The global concrete admixtures market is segmented on the basis of type and end use. Based on type, the concrete admixtures market is segmented as accelerating admixtures, retarding admixtures, air-entraining admixtures, water-proofing admixtures, and others. The concrete admixtures market is categorized on the basis of end use into residential and non-residential.
Based on type, the air-entraining admixtures segment is expected to account for a significant market share in 2022. Air-entraining admixtures stabilize the microscopic bubbles created in the concrete during mixing. These admixtures increase the scaling resistance of the concrete caused by deicing chemicals, improve the workability, and increase its freeze-thaw durability. Moreover, air-entraining admixtures reduce the segregation and bleeding of the concrete. All these factors are significantly driving the demand for air-entraining admixtures in the cement and concrete industry.
REGIONAL ANALYSIS
The report provides a detailed overview of the global concrete admixtures market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. Asia Pacific is estimated to account for a significant share in the concrete admixtures market globally. The rapidly booming construction industry with increasing population, development of urban areas, and increasing government and private sector investments to develop modern infrastructure are the key factors driving the growth of the concrete admixtures market across Asia Pacific. Also, presence of major manufacturers of concrete admixtures such as BASF SE and Thermax Limited among others operating actively in the region is also expected to drive the concrete admixtures market growth over the forecast period.
INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES
Partnership, acquisitions and new product launches were found to be the major strategies adopted by the players operating in the global concrete admixtures market.
In February, 2022, The Euclid Chemical Company, one of the prominent manufacturers of construction chemicals and materials, launched three new concrete admixtures EUCOSHIELD, EUCON Eco-Strength, and Eucon AM-10L. EUCOSHIELD prevents excessive moisture loss from the surface of the concrete as it binds well with the internal water in the pore structure. EUCON Eco-Strength facilitates early as well as late-age strength development in concrete. Eucon AM-10L is a liquid water-proofing admixture which helps to reduce the permeability of the concrete.
In January 2023, INEOS Enterprises, one of the major specialty and intermediate chemicals manufacturer, announced the acquisition of MBCC Group’s admixture business from Sika AG.
IMPACT OF COVID/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION
The COVID-19 pandemic adversely impacted the global economy and slowed the growth of various industries. The shutdown of multiple manufacturing plants and factories in North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Further, various companies announced possible delays in product deliveries and a slump in sales of their products. In addition, the global travel bans imposed by countries in Europe, Asia Pacific, and North America affected business collaborations and partnership opportunities. All these factors negatively affected the growth of the chemicals & materials industry and various markets related to this industry. The construction industry was also hampered as some infrastructure projects as well as residential constructions were cancelled or postponed. This factor resulted in decline in demand for construction materials and chemcals including concrete admixtures, hampering the market growth. However, with the introduction of vaccine and relaxation of restrictions by the governments, the marketplace witnessed recovery. Manufacturers started working with full capacity which helped them to overcome the demand and supply gap. Also, as the sustainability concerns increased post the COVID-19 outbreak, manufacturers of concrete admixtures started launching bio-based and green products. All these factors are expected to open new opportunities in the global concrete admixtures market over the forecast period.
COMPETITIVE LANDSCAPE AND KEY COMPANIES
Some of the key players operating in the concrete admixtures market include Sika AG; CEMEX S.A.B. de C.V.; BASF SE; GCP Applied Technologies Inc.; Fosroc, Inc.; MAPEI S.p.A.; Thermax Limited; Rhein-Chemotechnik GmbH; The Euclid Chemical Company; INEOS Enterprises; HA-BE BETONCHEMIE; Ashland Inc; CHRYSO; CICO Group; and PCC Group among others.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
The List of Companies
1. Sika AG
2. BASF SE
3. GCP Applied Technologies, Inc.
4. RPM International, Inc.
5. Fosroc, Inc.
6. Mapei SpA
7. CHYRSO SAS
8. Rhein-Chemotechnik GmbH
9. Lonestar Funds
10. CEMEX SAB de CV
11. CICO Technologies Ltd.
12. Concrete Additives and Chemicals Pvt. Ltd.
13. Thermax Limited.
14. MBCC Group
15. The Euclid Chemical Company
16. Riteks Inc.
17. HA-BE BETONCHEMIE
18. MicroMarketMonitor
19. Cement Admixtures Association
20.PCC Group
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
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A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
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Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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