Post Date: 1,Mar,2022

According to this report the global concrete admixtures market attained a value of nearly USD 21.96 billion in 2021. Aided by rising construction projects around the world, the market is projected to further grow at a CAGR of 4.7% between 2022 and 2027 to reach a value of almost USD 29.23 billion by 2027.

Concrete admixtures refer to natural or produced additives that are added in the process of concrete mixing. These additives are available in ready to mix forms and as separate mixtures. Admixtures like pigments, pumping aids, and expansive agents are used in small doses and assist in improving the properties of concrete such as durability, resistance to corrosion, and compressive strength, among others in addition to enhancing the end result when the concrete has hardened. Further, concrete admixtures can significantly improve the quality of the infrastructure owing to the ability of admixtures to handle rigorous environmental conditions.

The global market for concrete admixtures is primarily being driven by the rising construction activities around the world. On account of increasing urbanisation and growing population levels, the increase in residential constructions around the world is positively influencing the growth of the market. Further, with rising per capita disposable incomes and the subsequent rise in living standards, the rise in the number of reconstruction and remodeling projects is further expanding the market size of concrete admixtures.

As these mixtures aid in improving the quality of concrete, they help in the longevity of the structure, thereby resulting in increased demand. Moreover, with constant improvements in the product quality, the availability of specific products like water-reducing mixtures, waterproofing admixtures, and air-entraining admixtures are further bolstering the growth of the market. Apart from this, the Asia Pacific region is anticipated to hold a significant share in the overall growth of the market in the coming years owing to rising developmental projects in countries like India and China.