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.
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.
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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