U.S. Admixtures for Concrete Market Statistics 2022-2032
The U.S. admixtures for concrete market was valued at $3.1 billion in 2022 and is estimated to reach $4.7 billion by 2032, exhibiting a CAGR of 4.4% from 2023 to 2032.
Admixtures for concrete are specialized chemicals or materials added to the concrete mix in small quantities to enhance its properties and performance. These additives can significantly influence the workability, durability, and strength of the concrete mixture. There are various types of admixtures, including water-reducing, air-entraining, retarding, accelerating, and superplasticizers, each serving distinct purposes.
Water-reducing admixtures reduce the water content required for a given level of workability, enhancing concrete strength and durability while facilitating placement. Air-entraining admixtures introduce tiny air bubbles into the mix, improving freeze-thaw resistance and workability. Retarding admixtures delay the setting time, beneficial in hot weather conditions. Conversely, accelerating admixtures expedite setting, crucial for cold weather concreting. Superplasticizers increase the flowability of the mixture, allowing for reduced water content while maintaining workability.
Increased investments in residential developments are expected to be a significant driver of the U.S. admixtures for concrete market.
There is a growth in need for high-quality, durable, and sustainable concrete solutions, as the demand for housing and residential infrastructure continues to rise. Admixtures play a crucial role in meeting these requirements by improving the workability, strength, and durability of concrete while reducing water usage and carbon footprint. This, in turn, results in cost savings and environmental benefits, aligning with the growth in emphasis on sustainability in construction.
A survey of 1,000 householders in the U.S. was conducted by James Hardie Building Products Inc. in January 2022. The results of the survey identified the primary factors that propelled the surge in home renovations throughout the COVID-19 era. The results of the survey demonstrate how concerns of householders regarding severe weather affect their spending and decisions regarding home improvements.
Moreover, as of December 2021, the number of privately-owned housing units in the U.S. that were authorized by building permits stood at 1,873,000 on an annual basis, adjusted for seasonal factors. This represents a growth rate of 9.1% when compared to the revised rate of 1,717,000 in November 2021, and a growth rate of 6.5% when compared to the rate of 1,758,000 in December 2020.
The U.S. possesses a substantial portion of the residential construction industry in the region as a whole. The annual value of residential construction implemented in the U.S. increased from $644,257 million in 2020 to $802,933 million in 2021, as reported by the U.S. Census Bureau. Furthermore, The U.S. Census Bureau reports that the public sector allocated over $9 billion towards residential development initiatives in 2021.
The U.S. admixtures for the concrete market is poised for significant growth due to a notable surge in maintenance and rehabilitation projects within aging infrastructure of the country.
The demand for specialized concrete admixtures is on the rise as the nation grapples with the increase in need to revamp and extend the service life of existing structures. Admixtures play a pivotal role in enhancing the durability and performance of repaired or rehabilitated concrete, allowing these structures to withstand the rigors of time and environmental factors more effectively.
Construction and maintenance projects increasingly rely on admixtures to improve concrete properties, reduce permeability, enhance resistance to chemical attack, and ensure high early strength with a focus on cost-effective, sustainable, and long-lasting solutions. The application of advanced admixture technologies in rehabilitation efforts not only promotes the longevity of infrastructure but also aligns with evolving regulatory standards and environmental considerations, making it a driving force in the growth of the U.S. admixtures for concrete market.
The increase in drying shrinkage poses a significant restraint to the demand for admixtures in the U.S. concrete market. Drying shrinkage occurs as concrete loses moisture and contracts, potentially causing cracks and structural issues. Admixtures are used to mitigate this problem by reducing shrinkage, enhancing durability, and increasing the service life of concrete structures. However, when drying shrinkage becomes more pronounced, there is a heightened demand for more extensive and costly admixture solutions, which can deter construction professionals from using these products. Moreover, excessive shrinkage can lead to long-term maintenance and repair expenses, impacting the cost-effectiveness of projects.
Innovative technologies present a highly promising avenue for lucrative opportunities within the U.S. admixtures for concrete market. The demand for innovative solutions that enhance concrete performance, sustainability, and efficiency continues to grow as the construction industry evolves. New technologies, such as self-healing concrete, 3D-printed concrete, and ultra-high-performance concrete (UHPC), are poised to revolutionize the way concrete is utilized in construction projects. UHPC, for instance, offers exceptional strength and durability, making it ideal for challenging applications such as bridge construction and high-rise buildings. Furthermore, the emergence of 3D printing technology in the construction sector enables the rapid and precise creation of complex concrete structures, reducing material waste and labor costs. Self-healing concrete, with its ability to repair cracks autonomously, not only extends the lifespan of concrete structures but also reduces maintenance expenses.
The U.S. admixtures for concrete market is segmented on the basis of type and application. On the basis of type, the market is categorized into concrete water reducers, concrete expanding agent, concrete accelerator, air entrainers, corrosion inhibiting, retarding and others. On the basis of application, the market is bifurcated into commercial concrete and pre-cast concrete units.
U.S. Admixtures for Concrete Market, by Type
The concrete water reducers segment accounted for the largest share in 2022. The demand for concrete water reducers is on the rise as construction and infrastructure projects continue to grow globally. These additives effectively reduce the amount of water needed in concrete mixes, improving workability, strength, and durability while minimizing water content, leading to cost savings and environmental benefits. As the construction industry expands, the need for efficient and sustainable concrete solutions drives the increasing demand for water reducers.
By Type
Concrete Accelerator is projected as the fastest-growing segment.
Concrete accelerator is expected to register the highest CAGR of 5.2%. The demand for concrete accelerators is on the rise due to their ability to expedite the setting and curing of concrete, reducing construction project timelines. This surge in demand is driven by the growing construction industry, where fast-setting concrete is essential for meeting tight deadlines and ensuring structural integrity. Additionally, concrete accelerators are used in cold weather conditions to prevent delays and maintain construction schedules.
U.S. Admixtures for Concrete Market By Application
The pre-cast concrete units segment accounted for the largest share in 2022. The demand for pre-cast concrete units is on the rise due to their numerous advantages, including cost-effectiveness, speed of construction, and durability. The construction industry's shift towards more efficient and sustainable building practices has led to an increased preference for pre-cast concrete, as it reduces waste, enhances project timelines, and offers versatile design options. This growing demand reflects a broader industry trend towards optimizing construction processes and minimizing environmental impact.
By Application
Commercial Concrete is projected as the fastest-growing segment.
Commercial concrete is expected to register the highest CAGR of 4.6%. The demand for commercial concrete is on the rise due to the growing construction and infrastructure development projects worldwide. Factors such as urbanization, population growth, and increased investment in commercial properties have led to a surge in the need for concrete in applications like office buildings, shopping centres, industrial facilities, and more. This trend is driven by the durability, versatility, and cost-effectiveness of concrete in meeting the demands of modern commercial construction.
Key players in the U.S. admixtures for concrete market include Master Builders Solutions, The Euclid Chemical Company, Sika AG, Cemex S.A.B. de C.V., Don Construction Products Ltd., MAPEI Corporation., Goulston Technologies, Inc., CHRYSO, Premiere Concrete Admixtures, Titan America LLC.
Key Benefits For Stakeholders
- The report includes in-depth analysis of different segments and provides market estimations between 2022 and 2032.
- A comprehensive analysis of the factors that drive and restrict the growth of the U.S. Admixtures for Concrete market is provided.
- Porter’s five forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies.
- Estimations and forecast are based on factors impacting the U.S. Admixtures for Concrete market growth, in terms of value.
- Key market players are profiled to gain an understanding of the strategies adopted by them.
- This report provides a detailed analysis of the current U.S. Admixtures for Concrete market trends and future estimations from 2022 to 2032, which help identify the prevailing market opportunities.
U.S. Admixtures for Concrete Market Report Highlights
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Analyst Review
According to the insights of the CXOs of leading companies, continuous growth in the construction industry, driven by urbanization and infrastructure development, boosts the demand for admixtures for concrete market. In addition, environmental concerns are encouraging the adoption of admixtures that enhance concrete sustainability. On the other hand, regulatory mandates promoting the use of eco-friendly admixtures have also propelled market growth.
However, the increase in cost of raw materials, particularly polymers and chemicals used in admixtures, coupled with stringent environmental regulations, pose challenges to market growth. Manufacturers are under pressure to innovate and develop more eco-friendly and cost-effective solutions to navigate these hurdles successfully. Moreover, the cyclical nature of the construction industry can lead to market volatility, impacting the demand for concrete admixtures, making it essential for industry players to diversify their product portfolios and adapt to changing market conditions.
The CXOs further added that, the U.S. admixtures for the concrete market presents several opportunities. The rise in trend towards sustainable and energy-efficient construction practices has created a significant opening for innovative admixtures that reduce the carbon footprint of concrete, such as those designed for self-healing or self-cleaning properties.
Increase in sustainable construction is the key factor boosting the U.S. admixtures for concrete market growth
The U.S. admixtures for concrete market was valued at $3.1 billion in 2022 and is estimated to reach $4.7 billion by 2032, exhibiting a CAGR of 4.4% from 2023 to 2032.
Key players in the U.S. admixtures for concrete market include Master Builders Solutions, The Euclid Chemical Company, Sika AG, Cemex S.A.B. de C.V., Don Construction Products Ltd., MAPEI Corporation., Goulston Technologies, Inc., CHRYSO, Premiere Concrete Admixtures, Titan America LLC.
Surge in maintenance and rehabilitation projects is the main driver of U.S. admixtures for concrete market.
The U.S. admixtures for concrete market is segmented on the basis of type and application. On the basis of type, the market is categorized into concrete water reducers, concrete expanding agent, concrete accelerator, air entrainers, corrosion inhibiting, retarding and others. On the basis of application, the market is bifurcated into commercial concrete and pre-cast concrete units.
Lack of awareness regarding the benefits and potential applications of admixtures is the restraint factor of U.S. admixtures for concrete market.
Concrete water reducers is the dominating segment based on type
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