Market Synopsis:
Market Research Future (MRFR) postulates
that the global concrete admixtures market is estimated to expand at a CAGR of
9% during the forecast period (2016-2022). Rising demand for infrastructure in
the developing economies is favoring the market growth. Concrete is considered
an essential material in construction for all kinds of projects and comprises a
mixture of sand, binder, aggregate, admixtures, and water. Concrete admixtures
comprise specialty chemical mixture or solvent and are used as an additive in
concrete or cement. This further enhances the chemical and physical attributes
of the concrete like functional, aesthetic, design requirement of the
structures. Concrete admixtures find its applications in all kinds of concrete
structures like the construction of industrial amenities, residential
buildings, surface transportation infrastructure projects, and commercial &
social complexes.
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Market Potential and Pitfalls:
With the rising demand for
infrastructures in the developing economies and rapid urbanization are the two
major factors impacting the global concrete admixtures market positively. The
increasing income of the middle-class population has inclined the demand for
construction and residential to a better level which is further influencing the
market growth to a great extent. The need for water usage reduction during
construction coupled with government policies for better infrastructure
standard is some of the major concerns for the constructors which can be
addressed by the use of concrete admixtures. The concrete admixture is
considered one of the essential applications in residential as well as
non-residential buildings. Approximately 75% of the total commercial buildings
go for concrete admixtures in order to avoid the high maintenance cost.
Concrete admixtures and the roofing system are gaining prominence throughout
the appraisal period owing to the developed standards for building codes and
commercial structures, environmental mandates, and rising concern for the
environment. With the inception of innovative technologies and effective
concrete admixture application practices, the market for concrete admixtures is
gaining high prominence globally.
Moreover, the growth in the
construction industries and continuous agreements and collaborations among the
distributors, manufacturers, and marketing firms are presumed to contribute to
the market growth. Also, the continuous R&D activities across the globe are
highly influencing the market growth.
On the contrary, lack of
awareness regarding concrete admixtures and unskilled labor are some of the top
barriers considered to vitiate the market growth. Moreover, the increasing
prices of raw materials are predicted to deter the market growth throughout the
appraisal period.
Segmental Analysis:
The global concrete admixtures
market has been segmented on the basis of function and application.
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 superplasticizers are mostly preferred
in multiple applications and have experienced increased demand during the
appraisal period.
By mode of application, the
global concrete admixtures market has been segmented into infrastructure,
residential, and non-residential. Among these, the infrastructure application
is considered expand at the fastest rate owing to the increasing demand for
infrastructure projects across the globe.
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Competitive Dashboard:
·
W.R. Grace & Co
·
The Dow Chemical Company
·
Ashland Inc
·
Sika AG
·
Chryso SAS
·
BASF SE
·
CICO Technologies Ltd
·
Fosroc International
·
RPM International
·
Pidilite Industries
Industry Updates:
July 05, 2018: The all-new
advanced air-entraining water-reducing agent by BASF, Easterhouse is offering
high slump retention and superior rheology for everyday concrete. This has
further enabled the concrete producers to master lengthy delivery time.
Regional Insights:
Geographically, the concrete
admixtures market span across regions namely, North America, Asia Pacific,
Europe, and Rest-of-the-World (RoW).
Among all the regions, the Asia
Pacific region is predicted to dominate the global concrete admixture market,
both in terms of value and volume. Developing economies such as India and China
are consuming an excessive amount of concrete for the blooming civil
structures. Moreover, the growing residential sector coupled with the changes
in FDI policies due to an increased population is creating new opportunities
for the market growth throughout the appraisal period. Augmenting urbanization
and increasing investments from the government in major projects across
non-residential, residential, and commercial sectors are presumed to contribute
to the market growth in this region. For instance, Malaysia has been awarded
on-going and new infrastructure projects on residential housing and public
infrastructure.
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NOTE: Our team of researchers are studying Covid19 and its impact
on various industry verticals and wherever required we will be considering
covid19 footprints for a better analysis of markets and industries. Cordially
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