Australia and New Zealand Concrete Admixture Market – Industry Trends and Forecast to 2030

Australia and New Zealand Concrete Admixture Market Analysis and Size

Australia & New Zealand concrete admixture market is expected to reach USD 483,271.85 thousand by 2030 from USD 339,203.34 thousand in 2022, growing with a substantial CAGR of 4.6% in the forecast period of 2023 to 2030. The major factor driving the growth of the concrete admixture market is the growing construction activities in Australia & New Zealand.

The concrete admixture market is experiencing steady growth and increasing demand driven by factors such as the expanding construction sector, increasing investment in sustainable construction, rising population in the two countries, increase in the construction of housing and building, and the rise of using concrete admixtures in infrastructural activities like airports, dams, railways and metro, and others. The market is characterized by intense competition among key players, driving innovation and technological advancements in terms of features, formulation, and sustainability. Moreover, the growing focus on sustainability and eco-friendly solutions is influencing product development and consumer buying patterns. Overall, the concrete admixture market is expected to continue its upward trajectory in the coming years.

Australia & New Zealand concrete admixture market report provides details of market share, new developments, and the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, products approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an analyst brief. Our team will help you create a revenue-impact solution to achieve your desired goal.

Market Definition

Admixtures for concrete are substances, either artificial or natural, that are added to the mixture at any time. The major goal of adding these admixtures is to provide structural features like corrosion resistance, workability, durability, compressive strength, and finish ability. The use of concrete will be accelerated by the quickly expanding building sector, which raises the need for admixtures. The capacity of the product to reduce the amount of time that hardened concrete needs to cure, in combination with quick infrastructure construction, will further fuel market expansion throughout the anticipated time period.

Australia & New Zealand Concrete Admixture Market Dynamics

This section deals with understanding the market drivers, advantages, restraints, and challenges. All of this is discussed in detail below:

Drivers

• Growing construction activities in Australia & New Zealand

The construction industry in Australia & New Zealand has seen rapid growth in recent years, resulting in a significant increase in demand for concrete admixtures. Housing demand has increased as a result of population growth and urbanization. Residential construction projects, such as apartment complexes, townhouses, and single-family homes, have been steadily increasing. To meet the growing demand for high-quality, long-lasting residential structures, builders have turned to concrete admixtures to improve concrete performance.

The commercial and industrial sectors have also been experiencing significant growth. The construction of office buildings, shopping centers, warehouses, and industrial facilities has created a substantial market for concrete admixtures. These projects often require specialized concrete formulations to meet specific performance criteria, such as strength, durability, and fire resistance.

• Increasing investment in sustainable construction

People are becoming more aware of how the construction industry affects the environment, including energy use, greenhouse gas emissions, and resource depletion. To limit these environmental concerns and encourage more eco-friendly products, there is a growing investment in sustainable construction. The governments of Australia & New Zealand have implemented incentives and policies to encourage sustainable building. This includes tax breaks, grants, financial incentives, and streamlined approval procedures for green building projects. The government's support encourages investments in sustainable construction projects.

Finally, growing investments in sustainable construction practices in Australia & New Zealand have created favorable conditions for the Concrete Admixture industry. The emphasis on green building certifications, energy efficiency, carbon footprint reduction, waste management, water conservation, durability, and government support has increased demand for admixtures that improve the sustainability and performance of concrete. The industry's continuous innovation and research efforts align with the region's commitment to sustainable development, positioning concrete admixtures as critical components in achieving sustainable construction goals.

Opportunities

• Supportive outlook towards green building initiatives

The availability of sustainable construction products, such as eco-friendly concrete admixtures, has increased in both countries' construction industries. Manufacturers and suppliers are investing in research and development to create innovative, low-carbon, and environmentally friendly admixture solutions that align with the industry's green initiatives. Both Australia & New Zealand are becoming more aware of the environmental impact of construction activities. Stakeholders, including government agencies, industry associations, developers, and contractors, are becoming more aware of the need for sustainable construction practices to address environmental issues such as climate change, resource depletion, and pollution. The general public is becoming more aware of environmental issues and the significance of sustainable construction. Homeowners, tenants, and businesses are increasingly preferring eco-friendly buildings that provide energy efficiency, indoor air quality, and reduced environmental impact. This demand for green buildings has influenced construction stakeholders to adopt sustainable practices and incorporate environmentally friendly products such as concrete admixtures.

• Rising R&D spending in the concrete admixture segment

To improve sustainability, the construction industry is embracing new technologies and solutions such as self-healing concrete, CCU and others. Concrete admixture advancements have resulted in the development of eco-friendly options that improve the durability, performance, and environmental attributes of concrete. The competitive nature of the construction industry drives companies to invest in R&D to gain a competitive advantage. Admixture manufacturers and suppliers work hard to create one-of-a-kind, high-performance products that meet the market's changing demands, and such products are superplasticizers, accelerators etc. This competitive environment encourages continuous R&D efforts to improve existing formulations, develop new admixtures, and investigate advanced manufacturing techniques.

Restraints/Challenges

• Implementation of stringent rules and regulations for construction

Stricter rules and regulations require construction companies to use admixtures in accordance with safety standards. This includes the proper handling, storage, and application of admixtures to avoid accidents, injuries, or health hazards to building workers and occupants. Compliance with safety regulations ensures a safe working environment and reduces the risks associated with the use of admixtures. Admixture usage must be documented and reported in accordance with strict regulations. Construction companies are frequently required to keep records of the admixtures used, as well as their sources and specifications. Implementing stringent regulations may raise the cost of construction projects. Construction companies may need training, equipment, or additional testing to ensure compliance. Compliant admixtures that meet the required standards may be more expensive. These additional costs can pose financial difficulties, especially for smaller construction firms or projects with limited budgets.

• Supply Chain Disruptions

Natural disasters such as earthquakes, floods, and bushfires are common in Australia & New Zealand. These events can damage infrastructure, disrupt transportation networks, and cause temporary closures of manufacturing facilities, affecting the supply chain. Labor shortages are common in Australia & New Zealand's construction industries, which can disrupt production and delivery schedules. Insufficient workforce availability or a lack of skilled workers can cause delays in the manufacturing and delivery of concrete admixtures. Furthermore, changes in trade policies, tariff imposition, or trade disputes can all have an impact on the import and export of raw materials and finished goods. These disruptions can cause delays, increased costs, and inefficiencies in the supply chain.

Recent Developments

• In May 2023, the acquisition of MBCC Group by Sika AG was completed. As a result, Sika is now stronger in all geographic areas, including the U.S., the U.K., Australia, and New Zealand. It has also expanded its portfolio of products and services to cover the entire construction life cycle and is accelerating the sustainable transformation of the construction sector. The combined innovative capabilities of Sika and MBCC will hasten the construction sector’s overall sustainable transformation.
• In September 2022, the transaction to be bought by Saint-Gobain has finalized, according to a statement from GCP Applied Technologies. In a deal worth around USD 2.3 billion, Saint-Gobain has purchased all of the outstanding shares of GCP Applied Technologies for USD 32.00 per share in cash. Saint-CertainTeed Gobain’s and Chryso businesses will be integrated with GCP’s well-known brands and decades of expertise.

Australia & New Zealand Concrete Admixture Market Scope

The Australia & New Zealand concrete admixture market is segmented into two notable segments based on product and application. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

Product

• Water Reducers
• Superplasticizers
• Retarders
• Specialty Admixtures
• Accelerators
• Air Entrainers

On the basis of product, the market is segmented into water reducers, superplasticizers, retarders, specialty admixtures, accelerators, and air entrainers.

Application

• Residential
• Infrastructure
• Commercial

On the basis of application, the market is segmented into residential, infrastructure, and commercial.

Competitive Landscape and Australia & New Zealand Concrete Admixture Market Share Analysis

The Australia & New Zealand concrete admixture market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to the Australia & New Zealand concrete admixture market.

Some of the major market players operating in the market are Sika AG (Switzerland), Fosroc International Limited (U.K.), Master Builders Solutions (Germany), GCP Applied Technologies (a subsidiary of Saint-Gobain) (U.S.), Tremco Incorporated (a subsidiary of RPM International Inc.) (U.S.), Xypex Chemical Corporation (Canada), Normet (Finland), MAPEI S.p.A. (Italy), Yara (Norway), Rockbond (New Zealand), Cemix Products Limited (New Zealand), and Permacolour (New Zealand), among others.

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