Global Concrete Admixtures Market to Grow with a CAGR of 5.92% During 2021-2030; Market to Grow on Account of Increasing Use of Plasticizers in the Construction of Concrete Structures
Kenneth Research published a report titled “Concrete Admixtures Market: Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global concrete 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 grow with a CAGR of 5.92% during the forecast period, i.e., 2021-2030. The market is segmented by type into water reducing, retarders, accelerators, bonding agents, corrosion inhibitors, and others, out of which, the water reducing segment is anticipated to garner the largest revenue of USD 12844.5 Million by the end of 2030. Moreover, in the year 2021, the segment generated a revenue of USD 7719.3 Million.
The global concrete admixtures market is estimated to garner a revenue of USD 32034.3 Million by the end of 2030, up from a revenue of USD 19205.2 Million in the year 2021. Growing urbanization worldwide and the need for urban housing, followed by the increasing number of construction activities globally, are some of the major factors anticipated to drive the growth of the market in the coming years. Besides this, the increasing use of plasticizers in cement mixes, which are then used for the construction of cement structures, is also projected to create numerous opportunities for the market growth.
Geographically, the global concrete admixtures market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in the Asia Pacific region is anticipated to garner the largest revenue of USD 12153.8 Million by the end of 2030. Moreover, in the year 2021, the market in the region generated a revenue of USD 7232.7 Million.
The research is global in nature and covers detailed analysis on the market 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, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Surge in the Number of Construction Activities Worldwide to Drive the Market Growth
The total value added (in current US$) by the construction industry globally, according to the statistics by the World Bank, increased from USD 17.462 Trillion in the year 2009 to USD 22.048 Trillion in the year 2020.
The construction industry around the globe is growing at a rapid pace. This growth can primarily be attributed to the increasing number of construction activities worldwide, backed by the increasing need for different types of residential and commercial infrastructures. The growing number of construction activities is therefore projected to drive the need for concrete products, and in turn, contribute to the surge in demand for concrete admixtures. Such a factor is projected to drive the growth of the market during the forecast period.
However, the lack of awareness about the product, along with the growing concern for drying shrinkage of concrete structures are expected to operate as key restraint to the growth of 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 Sika AG, Concrete Additives & Chemicals Pvt. Ltd. (CAC), BASF SE, CHRYSO GROUP, TAIWAN CEMENT LTD., Martin Marietta Materials Inc., Holcim Ltd, Fosroc, Inc., HEIDELBERGCEMENT AG, CEMEX S.A.B. de C.V., 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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