Market Research Future (MRFR) postulates that the global concrete admixtures market is estimated to expand at a CAGR of 9% during the forecast period (2016-2022). Rising demand for infrastructure in the developing economies is favoring the market growth. Concrete is considered an essential material in construction for all kinds of projects and comprises a mixture of sand, binder, aggregate, admixtures, and water. Concrete admixtures comprise specialty chemical mixture or solvent and are used as an additive in concrete or cement. This further enhances the chemical and physical attributes of the concrete like functional, aesthetic, design requirement of the structures. Concrete admixtures find its applications in all kinds of concrete structures like the construction of industrial amenities, residential buildings, surface transportation infrastructure projects, and commercial & social complexes.
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Market Potential and Pitfalls
With the rising demand for infrastructures in the developing economies and rapid urbanization are the two major factors impacting the global concrete admixtures market positively. The increasing income of the middle-class population has inclined the demand for construction and residential to a better level which is further influencing the market growth to a great extent. The need for water usage reduction during construction coupled with government policies for better infrastructure standard is some of the major concerns for the constructors which can be addressed by the use of concrete admixtures. The concrete admixture is considered one of the essential applications in residential as well as non-residential buildings. Approximately 75% of the total commercial buildings go for concrete admixtures in order to avoid the high maintenance cost. Concrete admixtures and the roofing system are gaining prominence throughout the appraisal period owing to the developed standards for building codes and commercial structures, environmental mandates, and rising concern for the environment. With the inception of innovative technologies and effective concrete admixture application practices, the market for concrete admixtures is gaining high prominence globally.
Moreover, the growth in the construction industries and continuous agreements and collaborations among the distributors, manufacturers, and marketing firms are presumed to contribute to the market growth. Also, the continuous R&D activities across the globe are highly influencing the market growth.
On the contrary, lack of awareness regarding concrete admixtures and unskilled labor are some of the top barriers considered to vitiate the market growth. Moreover, the increasing prices of raw materials are predicted to deter the market growth throughout the appraisal period.
Global Concrete Admixtures Market: Segmental Analysis
The global concrete admixtures market has been segmented on the basis of function and application.
By mode of function, the global concrete admixtures market has been segmented into superplasticizers, plasticizers, accelerators, air entrainers, waterproofing admixtures, retarders, and others. Among these, the superplasticizers are mostly preferred in multiple applications and have experienced increased demand during the appraisal period.
By mode of application, the global concrete admixtures market has been segmented into infrastructure, residential, and non-residential. Among these, the infrastructure application is considered expand at the fastest rate owing to the increasing demand for infrastructure projects across the globe.
Geographically, the concrete admixtures market span across regions namely, North America, Asia Pacific, Europe, and Rest-of-the-World (RoW).
Among all the regions, the Asia Pacific region is predicted to dominate the global concrete admixture market, both in terms of value and volume. Developing economies such as India and China are consuming an excessive amount of concrete for the blooming civil structures. Moreover, the growing residential sector coupled with the changes in FDI policies due to an increased population is creating new opportunities for the market growth throughout the appraisal period. Augmenting urbanization and increasing investments from the government in major projects across non-residential, residential, and commercial sectors are presumed to contribute to the market growth in this region. For instance, Malaysia has been awarded on-going and new infrastructure projects on residential housing and public infrastructure.
July 05, 2018: The all-new advanced air-entraining water-reducing agent by BASF, MasterRheosure is offering high slump retention and superior rheology for everyday concrete. This has further enabled the concrete producers to master lengthy delivery time.
The prominent players operating the global concrete admixtures market are W.R. Grace & Co, The Dow Chemical Company, Ashland Inc, Sika AG, Chryso SAS, BASF SE, CICO Technologies Ltd, Fosroc International, RPM International, Pidilite Industries, and others.