Concrete Admixture Market demand to hit $38 billion by 2024
Date: 2019-06-21   Author: Rahul Varpe  Category: #news

Concrete Admixture Market demand to hit $38 billion by 2024

Global Concrete Admixture Market report 2023 focuses on the major Types and Applications for the key players. Global Concrete Admixture market research report also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The Concrete Admixture market research report is a professional and in-depth study on the current state of Global Industry.

Concrete Admixture Market is forecast to exceed USD 38 billion; according to a new research report by Global Market Insights. Sturdy rise in the construction sector, mainly in India, China, Indonesia and Malaysia is attributed to industrialization and urbanization in these regions, which is probable to make significant impact on the concrete admixture market during the forecast period. For instance, in India USD 2.4 billion project is currently under progress to build the Navi Mumbai International Airport which commenced in March 2015 and is expected to be completed till 2019.

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Concrete Admixture Market in Latin is probable to witness gains close to 8% during the forecast period. Countries including Colombia, Argentina, Bolivia, Peru, Chile and Uruguay strongly need to improve their infrastructure including roads, houses, bridges, etc. Government in the aforementioned countries are making substantial investment in the construction sector. For instance, in Bolivia, an investment of around USD 588 million has been made for developing a road stretch of 493 km. Several other development projects in the region will advance the market during the forecast timeframe.

The major concrete admixture market share is divided among:

  • RPM International
  • BASF
  • Bostik
  • CEMEX
  • CICO Group
  • MAPEI
  • Sika
  • Euclid Chemical
  • Dow
  • Cementaid
  • FOSROC

The abovementioned organizations are spending heavily on their R&D to expand their range of available products. For instance, Sika Group had launched a sustainable admixture named Sika Viscocrete GR 5000 in Qatar in 2016. It is mainly due to the green initiative policies being adopted in Europe to achieve more cost effective and environment friendly construction techniques.

Revival in construction industry, mainly in Germany and UK for the repair and maintenance of bridges, roads, tunnels, etc. has led to substantial investment in large construction projects, which will have positive impact on concrete admixture market share in the forecast spell. Lack of responsiveness and trained labor, specifically in the disorderly construction sector may prove to be restraining factors for the market in the projected timeframe. Although, projects to build greenhouse gas emission free buildings in Europe and housing projects for low-income group people in India under "Make in India" initiative are sure to bring new and profitable opportunities to the concrete admixtures market in the forecast timespan.

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Non-residential applications for the concrete admixture market accounted for over 25% of the global industry share in 2016. Non-residential applications include buildings, medical centers, education hubs, retail shopping centers, etc. Rising infrastructure activities primarily in the Asia Pacific will help attain promising gains to concrete additive market over the forecast span. For example, Laos and China signed an agreement in March 2018 for the implementation of building China-aided Mahosot hospital to modernize medical services in the region.

Air entraining concrete additive market is projected to witness gains of more than 8.5% by 2024. Air entraining mixture creates air bubble in the concrete which act as rollers and helps in improving the workability. These admixtures are also very effective in freeze thaw cycles and provide cushion effect on the expanding water while concreting in cold climate. The application of this admixture on hardened concrete is quite complex to attain the correct level of air pressure. It improves concrete structure durability by enhancing its firmness and cohesion which will help augment product demand, and subsequently will drive concrete additive market by 2024.

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for AlgosOnline. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. ...

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