South America Concrete Admixtures Market Size (2024 - 2029)

The South America Concrete Admixtures Market is experiencing a recovery driven by increased demand in the residential construction sector and rapid urbanization, despite previous setbacks due to the COVID-19 pandemic. The market's expansion is supported by growing investments in construction, although a skills shortage in the industry poses a challenge. Brazil is anticipated to lead the market, benefiting from strong demand across various construction sectors, including residential, commercial, industrial, and infrastructure.

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Market Size of South America Concrete Admixtures Industry

South America Concrete Admixtures Market Summary
Study Period 2018 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2018 - 2022
CAGR 5.50 %
Market Concentration Low

Major Players

South America Concrete Admixtures Market Major Players

*Disclaimer: Major Players sorted in no particular order

South America Concrete Admixtures Market Analysis

The South America Concrete Admixtures Market is estimated to reach over USD 1,770 million by the end of this year. It is forecasted to register a CAGR of over 5.5%, during the forecasted period.

Covid-19 negatively impacted the demand for concrete admixtures. The need for construction products decreased as COVID-19 instances rose. Many businesses involved in producing concrete admixtures encountered difficulties in marketing their product, resulting in staggered growth of the manufacturers. However, since restrictions were removed, the industry has been recovering strongly. Over the past two years, a rise in home sales, the beginning of new projects, and a rise in the demand for new offices and retail space have been driving the market's recovery.

  • A major factor driving the market studied is the increasing demand from the residential construction sector. Additionally, rapid urbanization is likely to favor the market's growth.
  • On the flip side construction industries have been increasingly concerned about the skills shortage in the industry, and the issue is getting worse as time goes on. This may serve as a hindrance to the growth of the market.
  • Growing investment in the construction sector will likely provide new growth opportunities for the market.
  • Brazil 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.

South America Concrete Admixtures Industry Segmentation

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

The South America concrete admixtures market is segmented by function, construction sector, and geography. By function, the market is segmented into water reducer (plasticizers), retarder, accelerator, air-entraining admixture, viscosity modifier, shrinkage-reducing admixture, high-range water reducer (superplasticizer), and other functions. By the construction sector, the market is segmented into commercial, residential, infrastructure, industrial and institutional. The report also covers the market size and forecasts for the South America concrete admixtures market in two (Brazil and Argentina) countries across South 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
Brazil
Argentina
Rest of South America
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South America Concrete Admixtures Market Size Summary

The South American concrete admixtures market is experiencing a robust recovery following the challenges posed by the COVID-19 pandemic, which had initially dampened demand due to reduced construction activities. The market is driven by increasing demand from the residential construction sector, fueled by rapid urbanization and government initiatives promoting affordable housing. The trend of urban migration and the growing preference for high-rise residential buildings are further propelling the use of concrete admixtures. Brazil is expected to lead the market, supported by significant investments in residential, commercial, industrial, and infrastructure projects. The country's construction sector plays a vital role in its economy, with substantial government spending on infrastructure and urbanization efforts.

Despite the positive growth trajectory, the market faces challenges such as a skills shortage in the construction industry, which could impede further expansion. However, the ongoing investments in the construction sector are anticipated to create new opportunities for market growth. The South American concrete admixtures market remains fragmented, with key players like Sika AG, CEMEX SAB de CV, GCP Applied Technologies Inc., and MAPEI SpA actively participating. Recent strategic acquisitions, such as Saint-Gobain's purchase of GCP Applied Technologies, highlight the potential for growth and expansion within the market. These developments underscore the dynamic nature of the industry and the competitive landscape in which these companies operate.

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South America Concrete Admixtures Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand from the Residential Construction Sector

      2. 1.1.2 Other Drivers

    2. 1.2 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 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      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 Brazil

      2. 2.3.2 Argentina

      3. 2.3.3 Rest of South America

South America Concrete Admixtures Market Size FAQs

The South America Concrete Admixtures Market is projected to register a CAGR of greater than 5.5% 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 South America Concrete Admixtures Market.

South America Concrete Admixtures Report Snapshots

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