Concrete Admixture Market–Market
Overview
According to some leading
research institutes the global construction chemicals market may expand at a
CAGR of nearly 9% to register double digit million dollar figure by the end of
2022. Globally, Concrete admixtures is one of the major and necessary application
in both residential and non-residential buildings. Almost over 75% of the
commercial buildings opt for the concrete admixtures to avoid the leveraging
cost of maintenance. The roofing system and concrete admixtures are gaining the
required attention due to the more rigorous environmental regulations, newly
developed standards for the commercial structures and building codes and
increased concern for the environment codes and increased concern for the
environment. Moreover, rapidly increasing world population is fuelling the
urbanization, industrialization and infrastructural development are the
prominent factors driving growth of the global concrete admixtures market.
Additionally the inception of innovative technologies and efficient concrete
admixture application practices is anticipated to fuel demand for the concrete
admixture in these applications.
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Key Player:
BASF SE, Sika AG, Pidilite
Industries, Evonik Industries AG, PPG Industries, Akzo Nobel N.V, DowDuPont,
W.R. Grace & Co, Berger Paints, CICO Technologies Ltd, Ashland Inc, Chryso
SAS, and Fosroc International among others are some of the prominent players at
the forefront of competition in the global Concrete Admixture Market and are
profiled in MRFR Analysis.
Concrete Admixture Market-
Competitive Landscape:
The global Concrete
Admixture Market is a highly mature market driven by flourishing growth
in building & construction industry, along with the rising technological
advancements in the field of protective coatings. The market consists of considerable
number of tier 1 companies. Among them, BASF SE, Sika AG, PPG Industries, W.R.
Grace & Co, and Fosroc International are the leading manufacturers which
have substantial contribution to the growth of the market during the review
period. Almost all of these market participants are primarily adopting the
expansion of their production capacities and product launch tactics to
strengthen their market position. Growing construction industries, and
continuous collaborations and agreements between manufacturers, distributers,
and marketing firms, along with continuous R&D activities are key market
forces operating in the market for the growth of the demand for Concrete
admixture. Taking all these trends under consideration, the global Concrete
Admixture Market poised to witness considerable competition due to easy entry
of competitors over the forecast period of 2017-2022.
Industry/ Innovation/ Related
News:
October 10, 2017- BASF SE, on the
world’s a leading manufacturer of construction chemicals announce official
commissioning of a new production plant of construction chemicals at Saint
Petersburg in Russia. The new plant has three lines which produce,
respectively, concrete additives, alkali-free concrete setting accelerators,
and tunneling shield lubricants. Investments in the new production facility at
this stage amounted to about USD 5.60 million.
September 20, 2016- BASF
established a new R&D team to work on concrete admixture solutions and
technologies in Chigasaki, Japan. Major focus of the team is on
developing innovations that can increase productivity, durability and
sustainability for the construction industry. This development is complementing
the existing R&D centres around the world to bring innovations to Asia
Pacific faster and to meet local needs.
August 4, 2016- Germany based
global specialty chemicals manufacturer BASF SE has launched groundbreaking
concrete admixture range called MasterEase, in Japan. MasterEase is a next
generation admixture for low-viscosity concrete. This new admixture range
improves the rheological properties, reduces viscosity in concrete by up to
30%, facilitating pumping, placing, leveling, and finishing of concert and
stability of high-performance concrete. BASF Japan will launch products
applicable for ready-mix concrete and precast applications. This product is
going help diverse applications in construction industry of Japan and is likely
to propel growth of the Concrete Admixture Market in Asia Pacific.
June 7, 2016- Sika has opened its
second production plant in Saraburi, North of Bangkok. It has production
capacity for 100,000 tons of mortars and 65,000 tons of concrete admixtures per
year.
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