Accelerating Admixtures Market - Forecast(2023 - 2028)

Accelerating Admixtures Market Overview

Accelerating Admixtures Market size is estimated to reach US$3.5 billion by 2027 after growing at a CAGR of 7.6% during 2022-2027. Accelerators are commonly used as admixtures in concrete. Like plasticizers, it can be added in concrete during or before mixing. Accelerators set concrete faster by increasing hydration rate. It also increases the rate of strengthening. Water proofing admixtures are used in concrete as it is prone to cracking due to porosity. Integral waterproofing provides long lasting protection in terms of repairing cracks from inside as well. Calcium chloride is cheap and one of the very commonly used admixtures. In addition to accelerator it also acts as damp proofing, corrosion resistance and grouting. Calcium, sodium and ammonium lignosulphonates are commonly used as water reducing admixtures known as plasticizers.

COVID-19 Impact

Many of the industries across the globe have faced several challenges due to the COVID-19 pandemic. The construction industry and many other industries has experienced pitfalls. Many projects in such industries have been halted due to an interrupted supply chain and employee shortages due to quarantines. Also, the production and demand in cement industry has declined due to an interrupted supply chain and cessation in transportation of raw materials. Thus, the global pause in industrial production and distribution, the demand and consumption of global accelerating admixtures has hampered to an extent in several industries.

Report Coverage

The “Accelerating Admixtures Market Report – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the global accelerating admixtures industry.

Key Takeaways

• Asia Pacific is the fastest growing region in the Accelerating Admixtures Market. This growth is mainly attributed to the increased demand for concrete in construction.
• Structural concrete is expected to be the significant segment owing to the surge in demand from construction industry. 
• Global accelerating admixtures plays an important role in construction industry which is expected to provide significant growth opportunity for the global market in coming years.

The liquid form segment held the largest Accelerating Admixtures Market share in 2021 and it is expected to grow at a CAGR of 7.1% during the forecast period. The liquid form is easy to handle in terms of mixing the mixture of concrete consisting of cement, sand and water. According International Journal of Innovative Research in Science, Engineering and Technology most of the accelerating admixtures in the market are of liquid form and, also, it is most preferred form of accelerating admixture. Accelerators help in shortening of setting time, increasing rate of stiffening and hardening. Thus, the growth in construction industry and surge in demand for liquid accelerators, in turn boosts the market growth. 

Accelerating Admixtures Market Segment Analysis – By Type

The calcium chloride accounted for the largest share in Accelerating Admixtures Market in 2021, with a share of over 25%. Calcium chlorides is employed as an accelerator in the cement hydration process, resulting in concrete that sets quickly and has a high initial strength. It provides several other advantages such as improved workability and cost effectiveness. After the pandemic some of the countries, such as India, are witnessing boost in construction activity. Increase in construction projects in India is further boosting the demand for cement and concrete. Thus, the growth in construction industry and surge in demand for concrete, in turn boosts the market growth.

Accelerating Admixtures Market Segment Analysis – By Geography

The Asia Pacific accounted for the largest share in the Accelerating Admixtures Market and it is expected to grow with a CAGR of 8.5% during the forecast period. This growth is mainly attributed to the increase in demand for concrete in end use industries in this region such as construction. The construction industry includes residential, commercial and infrastructure segment. The creation of households, which is a significant demand driver for the concrete, is favorable and growing. Overall housing demand is high in Asia. After facing significant downturn due to pandemic construction industry is gaining pace. Easy labor availability is significant driver for construction in Asia. China is leading countries in construction activity in Asia Pacific region. According to statistics from the Ministry of Commerce of the People’s Republic of China, in 2019, China witnessed year on year 7.6% of increase in new overseas construction contracts accounting to USD$260.3 billion. Increase in construction projects in Asia Pacific is boosting the demand for concrete. Thus, the growth in construction industry and surge in demand for concrete, in turn boosts the market growth. 

Accelerating Admixtures Market Drivers

Surge in Building and Construction Activities

Concrete is mixture of cement, sand and water. The mixture is bind together by the process of hydration. Accelerating admixtures are used to speed up this process of hydration. It also has water reducing and corrosion resistance properties. Concrete is most important material in construction activity as it binds together all other building material. The increased construction activities across the globe boosting the demand for concrete. For instance, according to Invest India, infrastructure activities accounted for 13% share of the overall FDI inflows of US$ 81.72 billion for FY21. Thus, the growth in construction sector increases the demand for concrete, in turn, fueling the growth of Accelerating Admixtures Market.

 Effective in Cold Weather

In a chemical reaction of hydration, rate of reaction reduces significantly with fall in temperature. The concrete takes longer time to harden. This delayed rate of hardening results in longer formwork stripping times and, as a result, a longer building period, rendering the project economically unviable. There is also the issue of frost damage. Accelerators are a wonderful solution for this problem because they help to increase the pace of hydration. It helps in cold weather regions like Nordic countries such as Norway, Finland, Sweden, and Denmark. According to Cembureau, The European Cement Association, in 2020 total market size of concrete in Norway was 2 mt while in Sweden was 3 mt. Thus, this peculiar characteristic of accelerating admixtures is boosting the growth of Accelerating Admixtures Market.  

Accelerating Admixtures Market Challenges

Environmental sustainability

Growing use of concrete in construction industry is major reason of CO₂ emission contributing to global warming. According to Portland Cement Association, for every pound of cement produced, around 0.9 pounds of CO2 is released into the atmosphere. as cement accounts for only a small portion of the ingredients in concrete, a cubic yard of concrete (approximately 3900 lbs) produces roughly 400 lbs of CO2. Apart from this, problem of construction waste is also of major concern. Till now there is no other material available to replace concrete. Need of developing sustainable solution is rising day by day.

Global Accelerating Admixtures Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Accelerating Admixtures Market. Accelerating Admixtures Market top 10 companies include -

1. BASF SE
2. SIKA AG
3. GCP Applied Technologies
4. RPM International Inc.
5. Fosroc International Inc.
6. Mapei S.P.A
7. CICO Technologies Ltd.
8. CHRYSO S.A.S
9. Concrete Additives and Chemicals Pvt. Ltd.
10. Rhein-Chemotechnik GmbH

Recent Developments

• In May 2021, Saint-Gobain had announced that it is entering into agreement to acquire Chryso, a leading player providing additive solution to construction industry.
• In April 2021, Switzerland based SIKA AG has expanded admixture capacity at Doha. This will help the company to strengthen their competitiveness in the country and capitalize on expanding regional construction market.
• In March 2019, BASF SE has launched new strength-enhancing admixture solution, Master X-Seed STE. It has improved early-stage and late-stage strength development.

Relevant Reports

Concrete Admixtures Market - Forecast(2022 - 2027)

Report Code: CMR 0181

Concrete Admixtures Construction Chemical Market - Forecast(2022 - 2027)

Report Code: CMR 75935

Waterproofing Admixture Market - Forecast(2022 - 2027)

Report Code: CMR 64227

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