Global Concrete Admixtures Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Concrete admixtures Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global Concrete admixtures market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global concrete admixtures market reached US$ 16.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 30.6 Billion by 2028, exhibiting a CAGR of 10.7% during 2023-2028.
Concrete admixtures refer to chemical or mineral substances incorporated into the concrete mixture in small quantities to achieve specific properties or address particular challenges. These additives encompass various types, including water-reducing, retarding, accelerating, and superplasticizing admixtures, each serving distinct purposes. Water-reducing and superplasticizing admixtures enhance the concrete’s workability without compromising its strength. They significantly affect both fresh and hardened concrete, making it more manageable during placement, consolidation, and finishing. This proves particularly valuable in large construction projects involving long-distance transportation or intricate formwork. These admixtures reduce the need for excessive water in the mix, resulting in higher strength, reduced permeability, and enhanced durability. Retarding and accelerating admixtures offer control over the concrete’s setting time, providing flexibility in construction schedules and environmental conditions. They can either delay or expedite the curing process, allowing for optimal adaptability in various scenarios. In addition, air-entraining admixtures and shrinkage-reducing admixtures further expand the range of concrete properties. Air-entraining admixtures introduce tiny air bubbles, improving freeze-thaw resistance and resistance to chemicals and corrosion. Shrinkage-reducing admixtures help mitigate the natural shrinkage of concrete during curing, enhancing overall durability.
Global Concrete Admixtures Market Trends and Drivers:
Currently, the market for concrete admixtures is experiencing significant growth driven by several key factors. Firstly, there is a growing demand for concrete admixtures because they enable engineers to customize concrete properties to meet specific project requirements. This customization results in the production of more durable, robust, and workable concrete, which is a major driver for market expansion. Furthermore, the increasing popularity of concrete admixtures is attributed to their ability to enhance construction flexibility by allowing control over setting times and improving workability. This, in turn, leads to greater project efficiency, further contributing to market growth. Additionally, the market is benefiting from the rising demand for colored concrete admixtures, which provide aesthetic possibilities for architectural and decorative applications, creating a positive market outlook. Moreover, the construction industry’s focus on high-rise buildings, bridges, roads, and critical infrastructure projects, combined with ongoing advancements in concrete production technologies and the need for greater efficiency in construction practices, is solidifying market expansion.
Global Concrete Admixtures Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: BASF SE, CAC Admixtures, CEMEX S.A.B. de C.V., CICO Group, Fosroc Inc. (JMH Group), Fritz-Pak Corporation, GCP Applied Technologies Inc. (Compagnie de Saint-Gobain S.A.), Mapei S.p.A., Pidilite Industries Limited, Rhein-Chemotechnik GmbH, RPM International Inc. and Sika AG
The report segmented the market on the basis of region, product and end user.
Breakup by Product:
- Water Reducing Admixtures
- Waterproofing Admixtures
- Accelerating Admixtures
- Air-Entraining Admixtures
- Retarding Admixtures
Breakup by End User:
Breakup by Region:
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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