Global Concrete Admixtures Market Segment and Trend: Market Size is Estimated to Reach $26.83 Billion by 2029

Global Concrete Admixtures Market Overview

According to Global Market Monitor, the global concrete admixtures market size will reach $20.91 billion in 2024 and is expected to grow to $26.83 billion by 2029.Admixtures provide high processability, high compressive strength, durability, water tightness, abrasion resistance, and high finish for complex modern structures.

Market Segment

By application, the waterproof field occupies the largest share. The chemical reaction between solvent, water volatilization, or components forms a certain elasticity, and there is a continuous film of a certain thickness, which isolates the base surface from the water and plays a waterproof and moisture-proof role. Waterproof coatings are mainly used in four major fields of building construction, civil engineering construction, building installation, building decoration, decoration and other construction industries. At present, waterproof coatings are mainly used in the field of housing construction and civil engineering construction, and relatively few applications in the building installation industry building decoration, decoration, and other construction industries.

Threat of Substitutes

Building waterproof coating is a kind of building waterproof material. In addition to waterproof coating products, there are still many other waterproof materials, such as waterproof membranes. Because the tensile strength and tear resistance of building waterproof coatings cannot be compared with that of waterproof membranes, the aging resistance is poor, and the thickness and uniformity of the coating are not easy to grasp and control. The disadvantages of construction and curing film formation are subject to environmental constraints. The coating is mainly used in the waterproofing of kitchens, bathrooms, and three-dimensional walls. In other applications, it is mainly used as a supplement to or in combination with waterproofing membranes. Therefore, the market share growth of waterproof coatings is threatened by its substitutes.

Construction Activities Drives the Concrete Admixtures Demand.

Asia Pacific emerged as the global leader in concrete admixtures in 2023, with the infrastructure and residential construction industries holding the largest share of the concrete admixtures market in the region.

China is currently the largest construction market, but its activity in global infrastructure and industrialization is weakening, with an increasing impact on the residential sector, so the construction market is cooling. China's external wall waterproof market will produce a large amount of demand, external wall waterproof standards are expected to be developed and implemented in recent years and promoted nationwide. In contrast to the roof and basement, each exterior wall is made of waterproof material, which is in high demand.

India is expected to be the fastest-growing country in the world construction market. It is estimated that more than 40% of India's population will live in urban areas by 2030, creating a demand for around 25 million affordable housing units. Between 2023 and 2025, India will open about 60 shopping malls in its top seven cities, covering 23.25 million square feet.

In the US market, building waterproof materials are mainly used for house decoration. Over the next 15 years, developed countries will continue to be the fastest-growing in the world. The European construction market remains positive, thanks in part to a strong recovery in France, continued recovery in southern Europe, and overall stability in Western Europe.

By Type	Cement-based
	Bituminous
	PUR
	Epoxy
	Others
	The PUR segment held the largest market share.
By Application	Sealing
	Water Proofing
	The waterproofing segment occupies the biggest share.