USD 15.8 billion
Bio Based Concrete Admixtures Market Size, Share, Growth Analysis, By Application(residential, commercial, industrial construction, and others), By Product Type(plasticizers, accelerators, retarders, waterproofing agents), By Source(plant-based materials like cellulose, starch, and lignin, or animal-based materials like keratin and chitin.), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15F2030 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
95
|Figures:
76
Bio Based Concrete Admixtures Market Insights
Bio Based Concrete Admixtures Market size was valued at USD 15.8 billion in 2021 and is poised to grow from USD 16.56 billion in 2022 to USD 24.09 billion by 2030, growing at a CAGR of 4.8% in the forecast period (2023-2030).
Bio Based Concrete Admixtures is becoming popular since they offer several advantages over traditional admixtures that were derived from petroleum-based sources. The various advantages include sustainability, improved workability, increased strength, reduced carbon footprint, and health benefits.
Bio-based concrete admixtures are a sustainable alternative to traditional petroleum-based admixtures as they are derived from renewable sources, such as plant extracts and agricultural waste products. This means that they have a much lower environmental impact compared to their petroleum-based counterparts. The production of these admixtures does not deplete finite resources, and they can be sourced locally, reducing transportation emissions and costs. Furthermore, the use of bio-based admixtures in construction helps to promote the circular economy, as waste products from one industry can be repurposed in another. For example, lignin, a waste product of the pulp and paper industry, can be used as a bio-based admixture to improve the strength of concrete. By utilizing waste products, the need for disposal and the associated environmental impact can be reduced.The use of bio-based admixtures in construction can help reduce the carbon footprint since they come from natural sources, making them more eco-friendly compared to traditional admixtures. Along with this, it is generally considered safer for workers since they have lower toxicity levels than petroleum-based alternatives. This can lead to better health outcomes for workers who handle them.
US Bio Based Concrete Admixtures Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Commercial
Fastest Growth
Residential
Growth Rate
4.8% CAGR
Global Bio Based Concrete Admixtures Market 2021-2030 ($ Bn)
Country Share for North America Region- 2021 (%)
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Bio Based Concrete Admixtures Market Segmental Analysis
Global Bio Based Concrete Admixtures market is segmented on the basis of application, product type, source , end use industry and region. By application, the Bio Based Concrete Admixtures Market is segmented into residential, commercial, and industrial construction and others. By Product type, the Bio Based Concrete Admixtures Market is segmented into plasticizers, accelerators, retarders, waterproofing agents, air-entraining agents, and others. By source, the Bio Based Concrete Admixtures Market is segmented into plant-based materials like cellulose, starch, and lignin, or animal-based materials like keratin and chitin. By region, the Bio Based Concrete Admixtures Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Bio Based Concrete Admixtures Market Analysis by Application
By application, the global market is divided into many segments such as residential, commercial, industrial construction, and others. Currently, the commercial construction sector has seen the most significant adoption and use of bio-based concrete admixtures. This is driven by increasing demand from corporate clients and consumers for sustainable building materials. Many companies are making sustainability a key priority and are seeking out eco-friendly alternatives to traditional construction materials.
Although the residential construction sector is not currently dominating the bio-based concrete admixtures market, it is expected to see growth in the use of these materials in the coming years. As consumers become more environmentally conscious and seek out sustainable alternatives, bio-based concrete admixtures offer a viable and attractive option. This is especially true for homeowners who want to minimize their environmental impact and reduce their carbon footprint.
Global Bio Based Concrete Admixtures Market By Application 2021 (%)
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Bio Based Concrete Admixtures Market Regional Insights
Globally, Asia Pacific had the largest revenue share of over 37%, and it is expected to be the fastest-growing regional market during the forecast period. This growth is attributed to rapid industrialization and promising market prospects in the region. North America is also expected to experience significant growth due to increased construction activities in the U.S. and Canada, as well as the strong presence of multinational companies and their respective brands, which will drive market growth facilitated by rising infrastructure development in the region.
By 2030, Europe is expected to account for a significant market share, primarily due to the increasing demand for innovative and technologically advanced construction materials and the associated market from the residential application segment in the region. Additionally, the growing geriatric population has highlighted the need for investment in the construction of healthcare establishments, which will also support market growth. Overall, the global construction industry's rapid growth and the ever-increasing population worldwide will drive the market forward.
Global Bio Based Concrete Admixtures Market By Geography, 2021-2030
- Largest
- Fastest
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Bio Based Concrete Admixtures Market Dynamics
Bio Based Concrete Admixtures Market Drivers
Increasing Government Initiatives to Bolster Market Growth
- Many governments globally are taking action to promote the use of bio-based materials in the construction sector. One way they are doing this is by implementing regulations and incentives that encourage the adoption of these materials. These policies are aimed at reducing the environmental impact of construction activities, such as greenhouse gas emissions, waste generation, and resource depletion. Governments are offering various incentives, such as tax benefits and subsidies, to companies that use bio-based materials in construction. These measures make it more economically viable for businesses to incorporate these materials into their products and processes. As a result, the demand for bio-based materials increases, leading to the growth of the bio-economy sector. Moreover, regulations such as building codes and standards are being established to ensure that construction projects use eco-friendly materials and practices. These regulations also promote the use of safe materials for humans and the environment.
Bio Based Concrete Admixtures Market Restraints
High Cost to Hinder Market Growth
- Bio-based concrete admixtures, while offering a more sustainable and environmentally friendly option, may come with a higher price tag compared to traditional chemical admixtures. This added cost could make their use prohibitive, especially in projects where cost considerations are a significant factor. The use of bio-based admixtures in concrete is a promising development in the construction industry, as it offers a sustainable alternative to traditional admixtures that rely on fossil fuels. These bio-based admixtures are made from renewable resources such as plant-based materials, and they have been shown to improve concrete properties such as strength and durability. However, the higher cost of these bio-based admixtures may pose a challenge to their wider adoption, particularly in projects where budgets are tight.
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Bio Based Concrete Admixtures Market Competitive Landscape
Over the forecast period, it is anticipated that the global market for bio-based concrete admixtures will become more competitive as new entrants join the market and the variety of products compatible with bio-based admixtures expands. Presently, there are only a small number of significant players operating in the global market. However, this is expected to change in the future, as more businesses seek to offer their services and tap into the growing demand for sustainable and eco-friendly construction materials.As the construction industry continues to prioritize sustainability, the demand for bio-based concrete admixtures is expected to rise. This trend is driving innovation and competition in the market, as more companies seek to develop new bio-based admixtures and improve upon existing products. This innovation is expected to contribute to the growth of the market and offer more options to consumers seeking eco-friendly construction materials. However, as the market becomes more competitive, companies will need to differentiate themselves through product quality, cost-effectiveness, and sustainability. Established players in the market may have an advantage in terms of brand recognition and established relationships with suppliers and customers. Still, new entrants can succeed by offering innovative solutions that meet the growing demand for sustainable materials and addressing specific market niches.
Bio Based Concrete Admixtures Market Top Player’s Company Profiles
- BASF SE
- GCP Applied Technologies
- Sika AG
- CICO Technologies Limited
- MAPEI Corporation
- W.R. Grace & Co.
- Euclid Chemical
- Chryso S.A.S.
- Rpm International Inc.
- Chembond Chemicals Limited
- Corbion NV
- Croda International Plc
- Rhein Chemie Additives
- Arkema Group
- The Dow Chemical Company
- LafargeHolcim Ltd.
- Fosroc International Limited
- Pidilite Industries Limited
- The Lubrizol Corporation
- The Valspar Corporation
Bio Based Concrete Admixtures Market Recent Developments
- In February 2023, The EU Merger Regulation granted approval to the acquisition of MBCC by Sika. However, the approval is subject to the condition that MBCC's global chemical admixture business must be divested. Sika and MBCC are prominent figures and leading developers of chemical admixtures and construction materials worldwide. Their focus on inventing new polymers and formulations of chemical admixtures is crucial in the concrete industry, particularly in addressing sustainability concerns like the integration of bio-based admixtures.
Bio Based Concrete Admixtures Key Market Trends
- There is a global trend of governments implementing regulations and policies aimed at promoting the use of sustainable materials in construction. This initiative is expected to drive the demand for bio-based concrete admixtures in the upcoming years. These policies are designed to reduce the negative impact of construction on the environment and address concerns about climate change. By encouraging the use of sustainable construction materials, governments are creating a market for environmentally-friendly products like bio-based concrete admixtures.This is likely to create opportunities for companies involved in the development and production of these materials, as well as in related fields such as construction and engineering. Additionally, these regulations and policies can also raise awareness among consumers about the benefits of sustainable construction materials, leading to further demand for eco-friendly products in the market.
Bio Based Concrete Admixtures Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
Our analysis of the global market for bio-based concrete admixtures suggests that there will be a significant increase in demand for these materials during the forecast period. This growth is due to the several advantages that bio-based admixtures offer over traditional admixtures, including sustainability, improved workability, increased strength, reduced carbon footprint, and potential health benefits. By using bio-based concrete admixtures, construction companies, and developers can create more environmentally friendly and sustainable buildings, while also producing a higher quality end product that is more convenient for their users. Given the high rate of expected growth and demand for bio-based concrete admixtures, the market presents significant potential for new players to enter and capitalize on this trend. This presents an opportunity for startups and established companies alike to invest in the development and production of bio-based admixtures and to establish a foothold in a growing market. However, it's important to note that competition in this market is likely to be intense, and companies will need to differentiate themselves by offering innovative products and competitive pricing to succeed.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 15.8 billion |
| Market size value in 2031 | USD 24.09 billion |
| Growth Rate | 4.8% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Bio Based Concrete Admixtures Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Bio Based Concrete Admixtures Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Bio Based Concrete Admixtures Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Bio Based Concrete Admixtures Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Bio Based Concrete Admixtures Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Bio Based Concrete Admixtures Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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