Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on the concrete admixture market provides an in-depth
analysis of segments and sub-segments in the global as well as regional
concrete admixture market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional concrete admixture
market over the short term as well as long term. The report is a comprehensive
presentation of trends, forecasts, and dollar values of the global concrete admixture
market. According to the report, the global concrete admixture market is
projected to grow at a CAGR of around 7% over the forecast period of 2022-2028.
The Global Concrete Admixture
Market was valued at around USD 16 Billion in 2022 and is expected to reach
nearly USD 25 Billion in 2028, with a CAGR of around 7% during the forecast
period. The chemical ingredients added to the concrete to improve concrete
quality, acceleration, manageability, and retardation of setting time are known
as concrete admixtures. Additional features of admixtures such as reducing the
cost of concrete construction, achieving certain high strength properties in
concrete, and high effectiveness will increase the demand of the market.
Admixture is used to maintain the quality of concrete during the stages of
mixing, placing, transporting, and curing. The superplasticizers reduce the
water-cement ratio by approximately 40% and improve the workability and
strength of concrete due to this factor the growth of the admixtures is
enhanced during the forecast period. Furthermore, standards for maintenance of
buildings and constructions are also promoting the use of concrete admixture.
The development of the
construction industry owing to the increasing population and the growing
urbanization across the globe primarily drives the growth of the concrete admixture
market. The upgrading infrastructure and the ongoing maintenance activities to
restore the aging architectural structures are favoring the growth of the
concrete admixture market. Furthermore, the increasing government and public
investments in the civil engineering sector promote the growth of the concrete
admixture market. Several governments are highly investing in power, dams,
bridges, roads, and urban infrastructure development projects in emerging
nations. For instance, an investment of about USD 588 million has been made for
developing a road stretch of 493 km in Bolivia. However, low awareness about
additives and the high cost of these additives hampers the growth of the
concrete admixture market. Moreover, the current advancements in the infrastructure
and the favorable government initiatives provide opportunities for the growth
of the concrete admixture market.
The effect of COVID-19 has been
unparalleled and overwhelming, which negatively affected the construction
activities in all regions amid the epidemic. The outbreak of the covid-19
pandemic negatively affected the growth of the market during the forecast
period. The construction sectors faced many problems such as availability of
resources, contractual obligations, health and safety measures, and
deliverables during the covid-19 pandemic. Furthermore, restrictions imposed,
project termination, change order requests, notice requirements, increased
cost, and time extension decreased the demand of the market during the forecast
period. Due to these factors, the growth of the concrete admixture market was
hampered during the covid-19 pandemic.
Based on the region, the worldwide
concrete admixture market is segmented into the Asia Pacific, North America,
Europe, and also the Middle East & Africa. North America also holds a
significant share in the concrete admixture market. The favorable U.S.
government policies to support public works projects and the revival of
bridges, tunnels, and roads promotes the growth of the North American concrete
admixture market. Several other regions such as Latin America are anticipated
to advance in the concrete admixture market owing to the improving
infrastructure in countries including the U.S.A., Mexico, and Canada during the
forecast period. Furthermore, the Asia Pacific region is expected to dominate
the growth of the market. An increase in domestic engineering and construction
companies in the Asia Pacific region contributes to the growth of the region.
The report on the global concrete
admixture market covers segments such as product type, function, and
application. On the basis of product type, the sub-markets include mineral
admixture, and chemical admixture. On the basis of function, the sub-markets
include water-reducing admixtures, retarding admixtures, superplasticizers, and
corrosion-inhibiting admixtures. On the basis of application, the sub-markets
include residential, commercial, and other.
The report provides profiles of
the companies in the market such as SIKA AG, Cementaid International Group of
Companies, CICO Group, RPM International Inc., MAPEI S.p.A., CEMEX S.A.B. de
C.V., Nevada Ready Mix, Fosroc, Inc., BASF SE, and Lanya Concrete Admixtures.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of concrete admixture market. Moreover, the study highlights current
market trends and provides forecast from 2022-2028. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.
Please Choose One of them.