The global concrete admixture market is expected to reach a value of US$ 15.1 Billion in 2022. With a steady CAGR of 6.1%, the market will reach US$ 27.4 Billion by 2032. A notable rise in the use of concrete admixture in concrete formulations for the construction of industrial, residential, and commercial structures is anticipated to expand the concrete admixture market.
Rising infrastructural needs of emerging economies accelerated urbanization, and increasing government initiatives in the construction sector will push the construction market. This will culminate in a rise in the demand for concrete admixture.
Construction sites have high water requisites. Since it is difficult to have constant and easy access to water, water-reducing admixtures like plasticizers and superplasticizers are in high demand. Apart from removing water from concrete, plasticizers provide strength, durability, and a strong bridge between concrete and steel. Plasticizers also aid in reducing cracking, segregation, and bleeding which promotes growth. All these properties promote the growth of the market.
For Insights on Global, Regional, and Country-Level Parameters with Growth Opportunities from 2022 to 2032 – Download a Sample Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-74
“High adoption rates of ready-mix concrete and precast concrete are likely to fuel demand for admixtures like superplasticizers. This will definitely boost growth in the concrete admixture market over the forecast period,” says an FMI analyst.
Key Takeaways:
- Plasticizers and superplasticizers will dominate the concrete admixture market.
- High demand for fast-setting concrete admixtures will propel market expansion.
- India noted a rise in demand for liquid concrete admixture.
- The concrete admixture market in India is predicted to exhibit a CAGR of 8.5%
- The rapid expansion of the construction industry in China will boost the market possibilities for the Asia Pacific.
- By application, the residential segment will account for 62.3% market share during the forecast period.
Competitive Landscape
BASF SE, SIKA AG, GCP Applied Technologies, RPM International Inc., Fosroc International, Mapei S.P.A, CICO Technologies, CHRYSO S.A.S, Pidilite Industries Ltd, Rhein-Chemotechnik GmbH, Weber Saint-Gobain, Polisan Kimya San. A.S., Shandong Wanshan Chemical Co. Ltd., CEMEX SAB de CV, and others are some of the major players in the concrete admixture market that are profiled in the full version of the report.
In a competitive market, major players in the global concrete admixture market are focused on employing alternative distribution channels. These organizations are investing in research and development activities so as to innovate their existing product line and make it more eco-friendly.
We Offer Tailor-made Solutions to fit Your Requirements, Request Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-74
More Insights into the Concrete Admixture Market Report
In its latest report, FMI offers an unbiased analysis of the global concrete admixture market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022 to 2032. To understand the global market potential, growth, and capacity, the market is segmented based on product type, application, and region.
Concrete Admixture Market Outlook by Category
By Type:
- Accelerating Admixture
- Air Entraining Admixture
- Retarding Admixture
- Water Reducing Admixture
- Water Proofing Admixture
- Others
By Application:
- Residential
- Infrastructure
- Commercial
- Industrial
Contact Sales for Further Assistance in Purchasing this Report@
https://www.futuremarketinsights.com/checkout/74
Concrete Admixture Market Regional Analysis
According to FMI reports, Asia Pacific is anticipated to monopolize the global concrete admixture market over the forecast period. The expansion of the construction industry with rising investment in infrastructure development projects and government initiatives will boost the market in China. Additionally, China has registered high demand for liquid admixture due to its high-strength properties.
The burgeoning urban population in metros and innovative development plans for non-metro cities carry significant growth potential for various end-use sectors. This is fostering an atmosphere of growth for the concrete admixture market in India. Furthermore, easy access to such cost-effective raw materials and increasing investment in non-residential projects will also boost the regional market.
Explore FMI’s Extensive Ongoing Coverage in the Chemicals & Materials Domain
Polymer Concrete Market: The global polymer concrete market size is set to be valued at around US$ 465.0 Million in 2022 and is anticipated to progress at a healthy CAGR of 7.7% from 2022 to 2032. The market is likely to reach US$ 979.2 Million by 2032.
Concrete Floor Coatings Market: The global concrete floor coatings market was estimated to reach a valuation of USD 4.95 Billion in the year 2022. With a steady CAGR of 5.4% from 2023 to 2033, this market is expected to reach USD 5.16 Billion by 2023 and USD 8.74 Billion by 2033.
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
Browse the latest Market Chemicals & Materials Reports: https://www.futuremarketinsights.com/category/chemicals-and-materials
