Concrete Admixtures Market is projected to reach USD 26.06 billion by 2028, at a CAGR of 6.8% during the forecast period. Admixtures are natural or synthesized chemicals added to concrete before or during mixing to impart special properties to fresh or hardened concrete. They are used to impart either one of the properties, including durability, strength or workability of the concrete mixture. According to the World Bank, the urban population grew from 3.204 billion in 2005 to 4.127 billion in 2017, which is expected to drive the demand for mass housing and infrastructure projects.
Concrete admixtures offer several environmental benefits, such as reduction of high carbon components of concrete, without affecting its overall properties. The rising governmental regulations are likely to boost the concrete admixture demand in the building & construction industry as it plays a vital part in protective coatings.
Reduction in water usage and construction time is the major concern of contractors and manufacturers, which could be rightly addressed by making effective use of concrete admixtures. Some of the inhibitors in the concrete admixtures market are increasing prices of raw materials, unskilled labor and lack of awareness about admixtures in the unorganized sector of construction developers.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT Analysis:
- BASF SE
- DowDuPont
- CICO Technologies Ltd.
- Ashland Inc.
- RPM International Inc.
- Cemex S.A.B. De C.V.
- Fosroc International Ltd.
- Sika AG
- Mapei S.P.A.
- Chryso S.A.S.
- Pidilite Industries
Key Factors Impacting Market Growth:
- Increasing population and rapid urbanization in developing regions
- Use of advanced technologies in construction
- Reducing construction time and water usage
Key Developments:
- In May 2016, BASF India launched a new concrete admixtures plant in Kharagpur, West Bengal.
- In April 2019, Fosroc International inaugurated a new greenfield factory in Keshwana, Jaipur, India, to enhance its geographical coverage, particularly in North India and Nepal.
- On January 31, Fosroc International, and Berger Paints Ltd., a market leader in Bangladesh paints industry, entered into a joint venture creating a new legal entity, Berger Fosroc Limited, to service the construction chemicals market in Bangladesh.
The concrete admixtures market in the developed world is also driven by the increasing demand to improve the practices and materials used in construction. Due to the widespread availability of urban and technologically advanced infrastructure, the demand for concrete admixtures in developed countries is primarily for further development of existing facilities, which necessitates the innovation of more effective and reliable admixtures.
The concrete admixtures market in the APAC region is projected to grow at the highest CAGR during the forecast period. Rapid urbanization is fueling the growth of the concrete admixtures market in the region. Increasing government and private-sector investments in infrastructure development can boost the construction market and countries, including India and China are expected to lead the demand for concrete admixtures in the APAC region during the forecast period.
Market Segmentation:
By Type:
- Chemical
- Retarder
- Water Reducer
- Air Entraining
- Viscosity Modifier
- Accelerator
- Plasticizer
- Shrinkage Reduction
- Others
- Mineral
- Silica Fume
- Rice Husk
- Fly Ash
- Blast Furnace Slag
- Others
By Application:
- Commercial
- Residential
- Infrastructure
- Industrial
By Region:
North America
- By Country (US, Canada, Mexico)
- By Type
- By Application
Western Europe:
- By Country (Germany, UK, France, Spain, Rest of Western Europe)
- By Type
- By Application
Eastern Europe:
- By Country (Russia, Turkey, Rest of Eastern Europe)
- By Type
- By Application
Asia Pacific
- By Country (China, Japan, India, Rest of Asia Pacific)
- By Type
- By Application
Middle East:
- By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
- By Type
- By Application
Rest of the World
- By Region (Latin America, Brazil, Rest of the World)
- By Type
- By Application
Reasons to Buy This Report:
Market size estimation of the global concrete admixtures market on a regional and global basis
The unique research design for market size estimation and forecast
Profiling of major companies operating in the market with key developments
Broad scope to cover all the possible segments helping every stakeholder in the market
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