Market Scenario:
The Global Concrete Admixtures Market is presumed to expand
at a rapid CAGR during the estimated period (2016-2022) owing to the growing
construction industries, asserts Market Research Future (MRFR). Concrete
admixtures are referred to as supreme chemicals which are added to the concrete
at the initial mixing stage in order to modify the working properties of the
mixture. Properties of concrete enhance strength, durability and with admixture
adds chemical stability with reduction in water usage. While concrete enhances
the durability and strength, admixture adds chemical stability with reduction
in water usage. Besides reducing the water content, admixture also helps in
slowing down the rate at which concrete sets. Concrete admixtures are a range
of chemicals which are added to concrete to enhance several characteristics of
the concrete mixture.
Drivers and Constraints
Impacting the Market
With the increasing demand for infrastructure in developing
countries, rising income of the middle-class population, and rapid
urbanization, the demand for construction and residential has shifted to a
better level, which further propels the global concrete admixtures market. The
increasing urban complexes have generated a need for modern infrastructure,
which has resulted in a significant demand for concrete admixtures. The need
for reduction in water usage during construction and government policies for
infrastructure standard are some of the major factors fostering the market
growth over the years. Moreover, growth in the construction industries,
agreements between distributors, manufacturers, and marketing firms, continuous
collaborations, and research and development activities are stimulating the
market growth over the years. Additionally, the widespread availability of
urban and technologically advanced infrastructure has further contributed to
the market growth.
On the flip side, lack of awareness about admixtures and
unskilled labor are some of the major concerns likely to dampen the market
growth. Moreover, increasing prices of raw materials are likely to hinder the
market growth in the coming years.
Segmental Analysis
The global Concrete
Admixtures Market Size has been segmented on the basis of function, application, and
region.
By mode of function, the global concrete admixtures market
has been segmented into superplasticizers, plasticizers, accelerators, air
entrainers, waterproofing admixtures, retarders, and others. Among these, the
retarding agents are the most widely used.
By mode of application, the global concrete admixtures market
has been segmented into non-residential, residential, and infrastructure. Among
these, infrastructure is predicted to be fastest growing segment owing to the
escalating infrastructural constructions, especially in developing economies
such as India, China, Korea, Africa, and Brazil. Moreover, growing investments
in infrastructure projects are likely to increase demand for the product in the
coming years.
Competitive Dashboard
Ø RPM International
Ø Ashland Inc
Ø Chryso SAS
Ø W.R. Grace & Co
Ø The Dow Chemical Company
Ø BASF SE
Ø CICO Technologies Ltd
Ø Fosroc International
Ø Pidilite Industries
Ø Sika AG
Regional Insights
Geographically, the concrete admixtures market span across
regions namely, North America, Asia Pacific, Europe, and the Rest-of-the-World.
Among all the regions, Asia Pacific is considered to dominate
the global concrete admixture market in terms of value and volume. Developing
economies such as India, China, and Brazil are consuming high amount of
concrete for blooming civil structures, thus creating opportunities for the
market in this region. Moreover, change in FDI policies coupled with the
growing residential demand owing to the rising population is contributing to
the concrete admixture market growth during the forecast period.
Europe North America is the developed regions and is heading
towards maturity. They are thus expected to expand at a below average rate.
Gradual aging of the housing stock in these regions provides good opportunities
for concrete admixture market. Moreover, emerging industries such as oil &
gas industries and wastewater management in the region are projected to foster
the market growth in the coming years.
Industry Updates
December 06, 2018: Thomas Strittmatter has been named Vice
President of Sika Corporation Target Market Concrete. Thomas will be responsible for implementing
and defining the strategic direction of Sika's Concrete Admixture business in
the US with focus on profitable growth.
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