Stratview Research has published a new report on the Concrete Admixtures Market and bifurcated the market by Material Type (Mineral and Chemical), by Product Type (Superplasticizers, Normal Plasticizers, Accelerating Agents, Air-Entraining Agents, Retarding Agents, Waterproofing Agents, and Others), by Application Type (Residential, Commercial, and Infrastructure), by Region (NA, Europe, APAC, ROW).
Market Insights
According to the report, the Concrete Admixtures Market offers a strong growth opportunity and is likely to grow at 8% CAGR during the forecast period. Increasing building construction activities and infrastructure projects, improving quality of construction in developing countries, and the requirement for reduction in water usage construction time are the major growth drivers of the global concrete admixtures market. The growing need for repair and maintenance of the aging house in developed economies is also likely to substantiate the growth of the concrete admixtures market during the forecast period.
What are the factors that drive the Concrete Admixtures Market?
The long-term market outlook still seems propitious with ample growth opportunities for industry stakeholders propelled by the market entry of new aircraft programs
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How does the report help?
The reports provided by Stratview Research are a comprehensive analysis of the market potential in various industry applications. The researchers and analysts study the market minutely and focus on the opportunity of the emerging economies of the globe so that companies can strategically make region-specific plans and gain a competitive edge.
KEY BENEFITS:
- This report helps the users in understanding the strategies adopted by various key players across the globe, for the growth of the Concrete Admixtures Market.
- The report studies the market conditions across all geographic regions and the data compiled here in the report are comprehensively analyzed.
- The drivers and restraints of this market are systematically analyzed so that the user could make use of every particular driver/opportunity related to the market.
- The report highlights the value chain analysis that offers key insights to the stakeholders of this market.
Segment-Wise Market Analysis
Concrete admixtures are used in residential, commercial, and infrastructure construction projects worldwide. All three application segments accounted for a healthy share of the global concrete admixtures market in 2019. Infrastructure was the largest concrete admixtures market in 2019, driven by increasing infrastructure development activities by developing countries, mainly in Asia—the Pacific and the Middle East regions. Concrete admixtures are used in various areas of infrastructure, such as bridges, roads, dams, tunnels, water reservoirs, sewage and water treatment plants, and subway systems.
Water-reducing agents (Superplasticizers and normal plasticizers) are expected to remain the largest product type in the global concrete admixtures market during the forecast period. They are low-cost admixtures and are widely preferred across the regions. Air-entraining agents are expected to witness the fastest growth in the next five years.
Asia-Pacific is expected to remain the largest concrete admixtures market during the forecast period. The region is likely to witness double-digit growth in the next five years, driven by the high focus of government on infrastructure development in developing economies, increasing urbanization migration towards cities, and the need for improving the quality of construction. China and India will remain as the growth engines of the Asia-Pacific concrete admixtures market in the next five years. There is a healthy demand for concrete admixtures expected in all three application segments; commercial, residential, and infrastructure in the Asia-Pacific region.
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