Our latest research report entitled Concrete Admixture Market (by product type (mineral admixture, and chemical admixture), function (water-reducing admixtures, retarding admixtures, superplasticizers, and corrosion-inhibiting admixtures), application (residential, commercial, and others)) provides complete and deep insights into the market dynamics and growth of Concrete Admixture. The latest information on market risks, industry chain structure Concrete Admixture cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Concrete Admixture growth factors.
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Development of the Construction Industry Owing to the Increasing Population and the Growing Urbanization Across the Globe Primarily Drives the Growth
The chemical ingredients added to the concrete to improve concrete quality, acceleration, manageability, and retardation of setting time are known as concrete admixtures. Admixtures reduce the cost of concrete construction, achieve certain properties in concrete more effectively, and maintain the quality of concrete during the stages of mixing, placing, transporting, and curing. The various types of admixtures available commercially are set retarding, air-entrainment, water-reducing, accelerating, shrinkage reducing, superplasticizers, and corrosion-inhibiting concrete admixtures.
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 the 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 Asia Pacific Dominates the Global Concrete Admixture Market
The Asia Pacific dominates the global concrete admixture market owing to the booming construction sector in this region. The growing industrialization and urbanization in the Asia Pacific countries such as China, Indonesia, India, and Malaysia are increasing the demand for concrete admixtures. In addition, the rising government initiatives such as housing projects and the growing foreign investments in India are anticipated to drive the growth of the Asia Pacific concrete admixture market.
Furthermore, an increase in domestic engineering and construction companies in the Asia Pacific region favors market growth. 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 America 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 Colombia, Peru, Argentina, and Bolivia during the forecast period.
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Report on 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 others.
The report provides profiles of the companies in the market such as 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 SIKA AG.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/chemical-material/global-concrete-admixture-market
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Concrete Admixture.
- Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.