concrete admixture market is to grow at a CAGR of 8.20% during the forecast period of 2022 to 2029
Concrete Admixture Market Analysis and Size
The global expectorant market is expected to witness significant growth during the forecast period. The increasing demand for infrastructure in emerging countries have escalated the demand for the concrete admixtures market. Furthermore, rapid urbanization and the rise in disposable income of the middle class have created a demand for industrial and residential construction to a whole new level. Thus, this higher demand of people and inclination toward better construction are expected to drive the global concrete admixtures market growth during the forecast period
Data Bridge Market Research analyses that the Concrete Admixture Market was valued at USD 18.03 billion in 2021 and is expected to reach USD 33.87 billion by 2029, registering a CAGR of 8.20 % during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.Concrete admixtures are those substances which are added to hardened or fresh concrete during mixing to enhance certain qualities, such as durability, workability, or final strength. Concrete admixtures are used to improve performance of concrete in a range of situations. This admixtures save building costs, maintain concrete quality throughout mixing, alter the properties of hardened concrete, shipping, placing, and curing, and handle numerous emergencies that may arise during the concrete operations.
Recent Development
- In October 2021, Sika AG in collaboration with the Swiss Federal Institute of Technology Lausanne has developed a concrete additive which uses limestone calcined clay cement (LC3) technology to reduce CO2 emissions. This innovation goals to aid to manufacture sustainable and performant cement with less clinker
- In May 2021, CHRYSO S.A.S had introduced the EnviroMix series (admixtures solutions) which is a global range of cutting-edge services and products targeted to the ready-mix and precast concrete industries to lower and regulate the carbon footprint of concrete.
Global Concrete Admixture Market Dynamics
Drivers
- Rise in demand for non-residential and non-commercial construction
The demand for concrete admixture is mainly driven by the increase in demand for non-residential and non-commercial construction. Public-private organisations (PPPs) are also driving the growth of this section, which is driving the demand for several grades of concrete admixture in infrastructure projects.
- Growing application of concrete admixture in construction and infrastructure
Construction of road and bridge dominate the market of concrete admixture and is expected to ascend at a high growth rate during the forecast period. In building construction, UHPC can be used as a column, structural precast element, and facade. Furthermore, the growing trend of constructing high-rise townships and residential buildings and the reducing land-to-population ratio are anticipated to fuel the market growth.
- Increasing demand of new construction projects
The improvement in macroeconomic conditions increase the demand for new construction projects globally. The strong growth has been witnessed in housing projects and new residential. Also, the demand for concrete with better durability, sustainability, superior quality higher compressive strength, and reduced weight is anticipated to drive the growth of the concrete admixture market
Furthermore, high investments by government for the expansion of airports booming growth of tourism has generated demand for the constructions of new hotels and increasing hospitality sector are expected to boost the growth of concrete admixtures market.
Opportunities
- Development of New Products and Services
Due to Increasing the urbanization globally which leads to the increase the number of prevalence of high performance material, construction activities, rising funds for the development of industrialisation and infrastructure are few factors which will create immense opportunities for the growth of the concrete admixture market during forecast period
- Increasing adoption of advance services
Adoption of advanced and new services and products will also generate several opportunities which will lead the market growth of the concrete admixture during the forecast period.
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Global Concrete Admixture Market Scope
The concrete admixture market is segmented on the basis of type and end-use sectors. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Superplasticizers
- Normal Plasticizers
- Accelerating
- Retarding
- Air-entraining
- Water-Proofing
End-Use Sectors
- Residential
- Commercial
- Infrastructure
Concrete Admixture Market Regional Analysis/Insights
The concrete admixture market is analysed and market size insights and trends are provided by country, type and end-use sectors as referenced above.
The countries covered in the concrete admixture market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the concrete admixture market in terms of revenue and market share due to increasing demand for residences because of growing population in this region.
North America is expected to be the fastest developing region during the forecast period of 2022-2029 increasing demand for investment in the construction of healthcare facilities in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Concrete Admixture Market Share Analysis
The concrete admixture market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to concrete admixture market.
Some of the major players operating in the concrete admixture market are:
- GCP Applied Technologies, Inc., (U.S.)
- Mapei S.p.A (Italy)
- Saint-Gobain (France)
- BASF SE (Germany)
- SIKA AG (Switzerland)
- Fosroc, Inc. (U.K.)
- RPM International Inc. (U.S.)
- ACC Limited (India)
- Gulf precast concrete (U.A.E)
- MC-Bauchemie (Germany)
- U.S. Concrete (U.S.)
- CEMEX (Mexico)
- TAKTL (U.S.)
- Ceentek (Singapore)
- Elementbau Osthessen GmbH & Co (Germany)
- ELO KG (Germany)
- Hi-Con (India)
- Metalco SRL (India)
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