Concrete Admixture Market – Global Industry Analysis, Size, Share, Trends and Forecast 2018 – 2024

The Concrete Admixture Market’s segment market shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates. Each segment represented visually with supporting reasons to justify the growth rates. IGR’s report also covers drivers and restraints in the concrete admixture market.

Infinium Global Research’s report covers the annual growth of the Global concrete admixture market. It also includes chapters on the Global concrete admixture industry trends, geographic analysis, and competitive landscape.

The top key players included in the concrete admixture market report are Wipro Furniture Business, Cementaid (UK) LTD, CICO Group, RPM International Inc., MAPEI S.p.A., CEMEX S.A.B. de C.V., Nevada Ready mix, Fosroc, Inc., BASF SE, and SIKA AG.

The report also includes a SWOT analysis to present the indicators of strength, weakness, prospects, and risk of the market until the completion of the projection period in 2024.

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Concrete Admixtures Market: Industry Insights

Concrete admixtures are chemical ingredients that are added to the concrete before or during mixing to improve concrete quality, manageability, acceleration, and retardation of setting time. Admixtures are used to reduce the cost of concrete construction, achieve certain properties in concrete more effectively, and maintain the quality of concrete during the stages of mixing, transporting, placing, and curing in adverse weather conditions and to overcome certain emergencies during concreting operations. The two types of concrete admixtures available commercially are chemical and mineral admixtures.

Concrete Admixtures Market: Drivers and Restraints

The growing construction industry owing to the increasing urbanization and expanding population drives the growth of the concrete admixtures market. In addition, several governments are highly investing in power, bridges, dams, roads and urban infrastructure development that in turn promotes the growth of concrete admixture market. The advancements in infrastructural development projects over the globe are anticipated to drive the concrete admixture market. Furthermore, the growing industrialization and infrastructural development in emerging regions and the revival in the construction industry in developed economies favor the growth of the concrete admixture market.

Concrete Admixtures Market: Segmentation

The concrete admixtures market is set to grow with a CAGR of 5.1% over the period 2018 - 2024. The global concrete admixture market is bifurcated into a function, product type, and application. Based on function, it is further bifurcated as water-reducing admixtures, retarding admixtures, superplasticizers, and corrosion-inhibiting admixtures. Among these sub-segments, the superplasticizers are expected to hold a significant share in the concrete admixtures market as it highly improves the workability of concrete for most types of cement. In addition, these admixtures are also very effective in freeze-thaw cycles and provide cushion effect on the expanding water for construction in cold climatic regions.

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Concrete Admixtures Market: Regional Insights

The Asia Pacific is the dominant region in the concrete admixtures market. The substantial rise in the construction sector, mainly in China, India, Indonesia, and Malaysia due to industrialization and urbanization in these regions, is favoring the growth of the Asia Pacific concrete admixture market during the forecast period. In addition, infrastructure developments in India are growing at almost twice as fast as China that provides new opportunities for the emerging players in this region. Latin America region is expected to grow at the highest CAGR over the forecast period. Countries including Colombia, Peru, Argentina, Bolivia, Chile, and Uruguay are improving their infrastructure including roads, houses and bridges. The rising government initiatives such as housing projects for low-income group and the growing foreign investments are anticipated to drive the growth of the Latin America Concrete Admixtures.

Concrete Admixtures Market: Competitive Analysis

The global concrete admixtures test market is highly competitive. The prominent players in the global creatinine market are Cementaid (UK) LTD, CICO Group, RPM International Inc., MAPEI S.p.A., CEMEX S.A.B. de C.V., Nevada Ready mix, Fosroc, Inc., BASF SE, and SIKA AG. Acquisitions & mergers are the key parameters to remain competitive and to gain greater market share.

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