Concrete Admixtures Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2017– 2024
Report ID: GMI1459
Concrete Admixtures Market size demand is mainly driven by growing infrastructure requirements in emerging economies, shifting customer’s preferences and improving economics of construction. Rise in middle class population coupled with increasing urbanization has led to the demand for commercial property and new residential houses & buildings, thereby positively impacting the concrete admixtures market. The product need is felt more intensely in developing economies compared to developed countries owning to growing urbanization rate and advance materials used requirement in construction industry.
Increasing demand for high rise buildings, bridges, roads, dams and tunnels, improving quality of construction in developing countries and reduction in construction time & water usage are major concerns of manufacturers and contractors, which could be addressed by making effective use of product.
Moreover, growing cement consumption due to escalating infrastructure activities is anticipated to propel concrete admixtures market. Cement is the most common material used in construction activities for binding. It is mixed with sand, crushed rocks and water in specific proportion to create material.
Concrete admixtures are chemical ingredients added in mixture along with water, cement and aggregates to enhance various characteristics of mixture and achieve desired workability. The product is added to batch immediately before or during mixing. The product provides several benefits which include resistance to corrosion & chemical attack, provides superior surface finish, reduced permeability, segregation & cost of construction, effective placement of material in extreme weather condition, easy underwater placement of material, strength and durability.
The major restraints for concrete admixtures market are fluctuations in the global economic cycles and established infrastructure in developed countries. Widespread availability of technologically advanced infrastructure and urbanization in developed economies has led to increased research and development and innovations for a more reliable and effective mixture.
Concrete admixtures market is divided into two categories named, mineral and chemical mixtures. Mineral mixtures include fly ash, silica fume, granulated blast furnace slag and rice husk ash. Chemical mixtures are available in many types including, superplasticizers, normal plasticizers, accelerating agents, retarding agents, air-entraining agents, waterproofing & dam proofing, hydration-control, coloring, corrosion inhibitors, shrinkage reducers and alkali-silica reactivity inhibitors. Super plasticizers are anticipated to be the fastest growing segment owning to scarcity of water across the globe. It reduces set time and requires less water to make a product mixture.
The product is used for infrastructure, residential and non-residential activities. Residential segment holds the largest market share due to increasing middle class population and consumer’s spending power.
North America, led by the U.S. holds the largest share for concrete admixtures market owning to increased technological advancement & renovation work and presence of many leading product manufacturers.
Asia Pacific, dominated by China is the fastest growing region for concrete admixtures market. Factors including, increasing foreign direct investment & consumer awareness, booming construction industry and tax relief from government are likely to propel concrete admixtures market. However, potential for concrete admixtures market lie in rural regions, where ongoing infrastructure development presents significant promise.
Concrete admixtures market is consolidated with presence of many manufacturers worldwide. Some of the major industry participants operating in concrete admixtures market are Dow Chemicals, BASF, SIKA AG, W.R. Grace, Cemex, Rpm International, Ashland, Pidilite Industries, Fosroc International, Fosroc International, MAPEI, Chryso Sas, Mapei South Africa, Euclid Chemical and CICO Technologies.
Companies operating in agrochemicals market have adopted different business strategies to capture this market which includes agreements, product launches, expansions, collaborations and partnerships. In May 2016, BASF opened its new production plant in India for manufacturing standard and custom made performance based construction chemicals. The new facility will help the company to serve its customers with short lead times and prompt supply.
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