Chemical Admixtures Market Analysis

Market Insights

"The chemical admixtures market is likely to grow at a CAGR of 4.5% during 2023-2028 to reach an estimated value of US$ 8.4 billion in 2028".

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Market Dynamics

Introduction

Chemical admixtures are specially formulated chemicals added to cementitious products (concrete, cement, and mortar) to modify their properties in various ways, such as to speed up or slow their setting rate or to enhance their strength, durability, and chemical resistance. Chemical admixtures also enable concrete producers to reduce the amount of cement required to produce concrete, which not only cuts the overall cost of concrete production but also reduces its environmental impact. These are the chemicals that are added to cementitious materials during their batching process, and they include both cement additives and concrete admixtures that aid in improving the quality of the cement or the concrete.

Market Drivers

Rapid urbanization and population growth in many regions lead to increased construction activities, such as highways, bridges, airports, and urban development. This requires high-performance concrete with improved strength, durability, and workability, which can be achieved through the use of chemical admixtures. These admixtures help meet the rising demand for construction materials by improving the quality and performance of concrete while reducing the overall cost and construction time.

During the COVID pandemic, many countries imposed strict lockdown measures, leading to a significant slowdown in construction activities. This had a negative impact on the demand for chemical admixtures, as construction projects were delayed or canceled. As a result of the lockdown measures implemented during this period, the industry’s supply chain faced significant disruptions. These disruptions affected the availability of raw materials required for manufacturing chemical admixtures. As a result, several manufacturers experienced challenges in fulfilling orders, which impacted the overall sales of chemical admixtures. Subsequently, it resulted in a decline of over 2% in the global market in 2020.

Post-pandemic, as vaccination efforts expanded and restrictions eased in many regions, the construction industry started to recover. Economic stimulus measures, along with pent-up demand for infrastructure projects, contributed to the rebound in construction activities. This recovery positively influenced the sales of chemical admixtures as construction projects resumed and new ones began.

Segments' Analysis

By Product Type

"Concrete admixtures are anticipated to remain the larger market category in the years to come".

• The market is segmented into cement additives and concrete admixtures.
• Between segments, concrete admixtures are expected to remain the biggest market category as they aid in improving workability, durability, strength, and other specific aspects of concrete before it is used in the construction or renovation of any residential, non-residential, and infrastructure. With their use, construction professionals can optimize concrete properties and meet specific project requirements more effectively, leading to better-quality structures.

By End-Use Type

"Infrastructure is expected to remain the dominant end-use type in the market during the forecast period".

• The market is segmented into residential structures, non-residential structures, and infrastructure.
• Among these sub-segments, infrastructure is expected to remain the dominant end-use type in the market during the forecast period. This is primarily driven by the increasing infrastructure development activities by developing countries, mainly in the Asia-Pacific and The Middle East regions. Chemical admixtures are used in various areas of infrastructure, such as bridges, roads, dams, tunnels, water reservoirs, sewage and water treatment plants, and subway systems, among others.

By Application Type

"Renovation is likely to be the larger demand generator during the forecast period".

• The market is segmented into new construction and renovation.
• Between segments, renovation is likely to be the larger demand generator during the forecast period. There has been an increasing demand for construction chemicals for renovations including repair of existing structures, especially in the developed economies such as the USA, Germany, and Japan. Most of the spending related to construction chemicals in these economies is related to renovation purposes only.

Regional Analysis

"Asia-Pacific is expected to remain the largest market for chemical admixtures during the forecast period".

• The regional market is largely influenced by key Asian countries, such as China, India, Japan, South Korea, and some Southeast Asian nations. These countries have been investing heavily in infrastructure projects such as roads, bridges, railways, airports, and residential and commercial buildings, creating a significant demand for chemical admixtures. Concurrently, key economies, such as India and China, are incessantly experiencing rapid economic growth, which simultaneously increases regional disposable incomes and construction activities.

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Key Players

The market for chemical admixtures is densely populated. The market is competitive with the presence of several regional and global players. Most of the major players compete on some of the governing factors, including price, product offerings, regional presence, etc. The following are the key players in the chemical admixtures market:

• MBCC Group
• Sika AG
• Compagnie de Saint-Gobain S.A.
• CEMEX, S.A.B. de C.V.
• MAPEI S.p.A.
• Fosroc International Ltd.
• The Euclid Chemical Company
• Penetron
• RussTech, Inc
• Chembond Chemicals Limited

Recent Market JVs and Acquisitions:

There have been some major mergers and acquisitions in the industry in recent years, which have significantly influenced the market dynamics in the construction industry. For example:

• In May 2023, Sika AG completed the acquisition of MBCC Group, an affiliate of Lone Star Funds, a global private equity firm, thereby, becoming the undisputed market leader in the chemical admixtures industry. In order to close the transaction and comply with the regulatory requirements, Sika AG sold MBCC Group’s chemical admixtures assets in the UK, the USA, Canada, Europe, Australia, and New Zealand to Cinven, the international private equity firm.
• In September 2022, Saint-Gobain acquired all the outstanding shares of GCP Applied Technologies for US$ 32 per share in cash in a transaction valued at approximately US$ 2.3 billion. As a result, the GCP businesses, consisting mainly of concrete admixtures and cement additives, will be combined with the Chryso businesses, and become part of the High-Performance Solutions segment. Earlier, in September 2021, Saint-Gobain completed the acquisition of Chryso, a global player in the construction chemicals industry.

Research Methodology

• This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s chemical admixture market realities and future market possibilities for the forecast period. The report segments and analyses the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

The chemical admixtures market is segmented into the following categories.

By Product Type

• Cement Additives
  • By Cement Additive Type
    • Grinding Aids
    • Strength Enhancer
    • Performance Enhancer
    • Others
  • By Concrete Admixture Type
    • Plasticizers
    • Superplasticizers
    • Accelerating and Retarding Admixtures
    • Air Entraining Admixtures
    • Water Resistant Admixtures
    • Mortar Admixtures
    • Concrete Fibers
    • Others

By End-Use Type

• Residential Structures
• Non-Residential Structures
• Infrastructure

By Application Type

• New Construction
• Renovation

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, Turkey, Italy, Russia, and The Rest of Europe)
• Asia-Pacific (Country Analysis:  China, India, Japan, South Korea, Indonesia, and The Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Egypt, Saudi Arabia, Iran, and Others)

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.