Research Nester published a report titled “Concrete Admixtures Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of theglobalconcrete admixtures market in terms of market segmentation by type, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global concrete admixtures market is anticipated to witness growth at ~6% CAGR over the forecast period, i.e., 2022 – 2030. The market is segmented on the basis of type into retarders, accelerators, bonding agents, corrosion inhibitors, and others out of which, the accelerators segment is projected to hold notable share over the forecast period. The growth of the segment can be attributed to the increasing demand for speeding up the hardening of concrete for the construction process. On the basis of application, the market is segmented into residential, infrastructural, commercial, and others, out of which, the infrastructural segment is anticipated to garner the largest share over the forecast period, owing to the infrastructural development on a global, which requires large quantity of concrete admixtures.
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The global concrete admixtures market is estimated to grow on the back of various advantages of admixtures, such as, improving strength, speeding up hardening, and corrosion inhibition, amongst others. Moreover, increasing construction activities, backed by rapid urbanization, and growing need to improve concrete efficiency, are estimated to boost the market growth. Furthermore, the rapid growth in the construction activities to recover the loss incurred during the COVID-19 pandemic is also anticipated to boost the market growth.
On the basis of geographical analysis, the global concrete admixtures market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America is estimated to garner the most significant share over the forecast period on the back of growing construction industry, along with the demand for fast tracking the construction activities in urban area. The market in the Asia Pacific region is estimated to grow substantially over the forecast period on the back of the rapid urbanization and growing population in the developing countries.
The research was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.
Increasing Construction Activities to Boost the Market Growth
The use of concrete admixtures with concrete can speed up the construction process, which is estimated to fuel the demand on admixtures in the construction sector. The increasing construction activities globally is expected to further boost the market growth.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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However, high cost of admixtures is expected to operate as key restraint to the growth of the global concrete admixtures market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global concrete admixtures market which includes company profiling of BASF SE, Sika AG, Concrete Additives & Chemicals Pvt Ltd, CHRYSO SAS, The Taiwan Cement Corporation, Martin Marietta Inc., Holcim Ltd, HeidelbergCement AG, CEMEX S.A.B. de C.V., Fosroc, Inc. and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global concrete admixtures market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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