Global concrete admixtures market growth in the last few years has been growing at the good rate due to growth in demand chemicals that reduces water content used in composition of cement and increase the strength as well as durability of the concrete. Increase in residential, construction and industrial infrastructure is responsible for the growth of concrete admixtures market. Due to its matchless high properties which can sustain adverse climatic condition, it has allowed concrete admixtures to be used plentifully in constructions of emerging economies like China and India.
Government has increase FDI policies up to 100 % and growing housing market provides an opportunity for the concrete admixtures market to grow further in forecasted period. Unskilled labor, surge in price of materials can hamper the market growth in the future. APAC is demonstrated as a market leader due to the growth of cement and infrastructure industry. Economic boom, rapid industrialization and low cost of material & labor in countries like China and India will boost the market in the forecasted period. North America followed by Europe shows a slow growth of global concrete admixture market due to saturation of the housing stock.
Key Players in Market:
Key players that drive the global concrete admixtures market are
- BASF SE
- The Dow Chemical Company
- Sika AG
- W.R. Grace & Co
- Pidilite Industries
- RPM International
- CICO Technologies Ltd
- Ashland Inc
- Chryso SAS
- Fosroc International
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“Asia-Pacific Dominates the Market during the Forecast Period”
Asia-Pacific has shown a significant growth in concrete admixtures market accounting for maximum share of the total market. This segment is credited due to the growth of chemical and cement industries in countries like China, increasing demand of water saving products and low wages of workers. Developing economies are focusing more in infrastructure to enhance lifestyle of consumers.
North America and Europe show a relative steady growth in the concrete admixture market due to market being overloaded by housing stock.
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Scope of the Study:
The scope of the study categorizes the Concrete Admixtures Market as by Function, by Application.
- By Function
- Super Plasticizers
- Air Entrainers
- Waterproofing Admixtures
- By Application
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