Concrete admixture market to reach US$33.23 billion by 2030

The global concrete admixture market, valued at US$20.26 billion (£16.68 billion) in 2023, is expected to grow to US$33.23 billion (£27.13 billion) by 2030, expanding at a compound annual growth rate (CAGR) of 7.31%.

The market's steady growth is underpinned by increasing urbanisation, infrastructure development, and the rising demand for sustainable construction materials, according to the Concrete Admixture Market: Global Forecast 2024-2030 report published by 360iResearch.

Concrete admixtures are essential chemical additives that enhance the performance of concrete, improving properties such as strength, durability, workability, and curing time. Key products include accelerating admixtures, superplasticizers, water-reducing admixtures, retarders, and corrosion inhibitors. These are used across various construction sectors, including residential, commercial, industrial, and infrastructure projects, such as roads, bridges, tunnels, and dams.

The market is geographically diverse, with the largest share expected to remain in the Asia-Pacific region due to rapid urbanisation and large-scale infrastructure projects. The Americas and Europe are also significant markets, with North America’s demand driven by infrastructure upgrades and the construction of high-performance buildings. The Middle East and Africa are seeing growing demand as construction activities in the region expand.

"The demand for concrete admixtures is rising as the construction sector seeks solutions for more durable, cost-effective, and sustainable materials," says the report.

Sustainability is a key factor, with innovations in eco-friendly admixtures gaining traction, such as biobased admixtures and products designed to reduce carbon footprints.

While the market faces challenges such as fluctuating raw material prices and regulatory constraints, opportunities are emerging in the form of smart city projects and green building initiatives. The increasing demand for high-performance, crack-resistant, and corrosion-resistant concrete is driving innovation in admixture technologies, ensuring that the market remains dynamic and competitive.

In conclusion the report said that the concrete admixture market is set for substantial growth, driven by evolving construction practices, technological advancements, and a global push for sustainability in the built environment.