Feb 07, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Concrete Admixtures Market.
It was estimated prior to this unanticipated outbreak that the Concrete Admixtures Market offers strong growth opportunity and is likely to grow at >8% CAGR during the forecast period of 2020 to 2025. Increasing building & construction activities and infrastructure projects, improving quality of construction in developing countries, and requirement for reduction in water usage & construction time are the major growth drivers of the global concrete admixtures market. The growing need for repair and maintenance of aging house in developed economies is also likely to substantiate the growth of the concrete admixtures market during the forecast period.
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Concrete admixtures are fine distributed ingredients in concrete other than cement, water and aggregate that are added to the mix immediately before or during mixing. It is used to reduce the cost of concrete, to enhance or modify the properties of hardened concrete, and to ensure the quality of concrete during mixing. It improves rheology, workability, quality, durability, and other properties of concrete.
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By Application Type
Concrete admixtures are used in residential, commercial and infrastructure construction projects worldwide. All three application segments accounted for healthy share of the global concrete admixtures market in 2019. Infrastructure was the largest concrete admixtures market in 2019, driven by increasing infrastructure development activities by developing countries, mainly in Asia—Pacific and Middle East regions. Concrete admixtures are used in various areas of infrastructure, such as bridges, roads, dams, tunnels, water reservoirs, sewage and water treatment plants, and subway systems.
By Product Type
Water reducing agents (Superplasticizers and normal plasticizers) are expected to remain the largest product type in the global concrete admixtures market during the forecast period. They are low cost admixtures and are widely preferred across the regions. Air-entraining agents are expected to witness the fastest growth in the next five years.
Asia-Pacific is expected to remain the largest concrete admixtures market during the forecast period. The region is likely to witness double digit growth in the next five years, driven by high focus of government in the infrastructure development by developing economies, increasing urbanization & migration towards cities, and need for improving quality for construction. China and India will remain as the growth engines of the Asia-Pacific concrete admixtures market in the next five years. There is a healthy demand of concrete admixtures expected in all three application segments; commercial, residential and infrastructure in the Asia-Pacific region.
Key players operating in the global Concrete Admixtures market are-
- The Dow Chemical Company
- BASF SE
- Sika AG
- W.R. Grace
- RPM International, Inc.
- Fosroc International
- Cico Technologies
- Pidilite Industries
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Concrete Admixtures analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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