North America Concrete Admixtures Market Size (2024 - 2029)

The North America Concrete Admixtures Market is experiencing growth driven by increasing demand in the residential construction and renovation sectors. Despite challenges such as a skilled workforce shortage and the lingering effects of COVID-19, the market is poised for expansion due to the rise in infrastructural projects and the construction of commercial and residential buildings. The United States is expected to lead the market, supported by strong demand across various construction sectors.

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Market Size of North America Concrete Admixtures Industry

North America Concrete Admixtures Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.00 %
Market Concentration Low

Major Players

North America Concrete Admixtures Market Major Players

*Disclaimer: Major Players sorted in no particular order

North America Concrete Admixtures Market Analysis

The North America Concrete Admixtures Market is expected to reach over USD 3,230 million by the end of this year and is projected to register a CAGR of over 4% during the forecast period.

Covid-19 negatively impacted the market in 2020. Many businesses involved in producing concrete admixtures have encountered difficulties in marketing their product, resulting in staggered growth of the manufacturers. The shortage of skilled personnel impacted the concrete admixtures business because of COVID-19's growing effects.

  • Over the short term, rising demand from the residential construction sector and the construction industry's renovation sector are the major factors driving the growth of the market studied.
  • On the flip side, the lack of a skilled workforce and awareness of construction industry workers is a key factor anticipated to restrain the growth of the target industry over the forecast period.
  • The rise in the commissioning of infrastructural projects coupled with the increasing number of commercial and residential buildings is likely to create lucrative growth opportunities for the North American market soon.
  • United States 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.

North America Concrete Admixtures Industry Segmentation

Concrete admixtures are natural or synthetic additives used to prepare concrete mixes. The key purpose of using additives is to improve the concrete mix by enabling it to gain desired properties in concrete for specific applications. 

The North America concrete admixtures market is segmented by function, construction sector, and geography. By function, the market is segmented into water reducers (plasticizers), retarders, accelerators, air-entraining admixture, viscosity modifiers, shrinkage-reducing admixture, high-range water reducer (superplasticizers), and other functions. By construction sector, the market is segmented into commercial, residential, infrastructure, industrial and institutional. The report also covers the market size and forecasts for the concrete admixture market in three countries (USA, Canada, and Mexico) across North 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
United States
Canada
Mexico
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North America Concrete Admixtures Market Size Summary

The North America concrete admixtures market is poised for steady growth, driven by increasing demand from the residential construction sector and ongoing renovations within the construction industry. Despite the challenges posed by the COVID-19 pandemic, which affected marketing efforts and led to a shortage of skilled personnel, the market is expected to expand. The rise in infrastructural projects and the construction of commercial and residential buildings are anticipated to create significant opportunities for growth. The United States is expected to lead the market, supported by robust demand across various construction sectors, including residential, commercial, industrial, and infrastructure.

The market landscape is characterized by fragmentation, with key players such as Sika AG, CEMEX SAB de CV, GCP Applied Technologies Inc., MAPEI SpA, and RPM International Inc. actively participating. The United States, with its substantial construction industry, plays a pivotal role in the region's market dynamics. Factors such as urbanization, the trend towards high-rise residential buildings, and significant spending on residential renovations contribute to the increasing application of concrete admixtures. Recent expansions and strategic partnerships among major companies further underscore the market's potential for growth, particularly in regions like the Northeast and Mid-Atlantic.

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North America Concrete Admixtures Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

      1. 1.1.1 Increasing Demand From Residential Construction Sector

      2. 1.1.2 Other Drivers

    2. 1.2 Market Restraints

      1. 1.2.1 Lack Of Skilled Workforce And Awareness In Construction Industry Workers

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Function

      1. 2.1.1 Water Reducer (plasticizers)

      2. 2.1.2 Retarder

      3. 2.1.3 Accelerator

      4. 2.1.4 Air-Entraining Admixture

      5. 2.1.5 Viscosity Modifier

      6. 2.1.6 Shrinkage-reducing Admixture

      7. 2.1.7 High-range Water Reducer (superplasticizer)

      8. 2.1.8 Other Functions

    2. 2.2 Construction Sector

      1. 2.2.1 Commercial

      2. 2.2.2 Residential

      3. 2.2.3 Infrastructure

      4. 2.2.4 Industrial and Institutional

    3. 2.3 Geography

      1. 2.3.1 United States

      2. 2.3.2 Canada

      3. 2.3.3 Mexico

North America Concrete Admixtures Market Size FAQs

The North America Concrete Admixtures Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

Sika AG, CEMEX SAB de CV, GCP Applied Technologies Inc., MAPEI SpA and RPM International Inc. are the major companies operating in the North America Concrete Admixtures Market.

North America Concrete Admixtures Report Snapshots

North America Concrete Admixtures Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)