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.
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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
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.
Global
Concrete Admixtures Market: Segmental Analysis
The global Concrete
Admixtures Market 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.
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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