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Global Concrete Admixtures Market to Grow at a CAGR of 5.0% During 2021-2026, Aided by the Increased Demand in the Construction Industry

According to a new report by EMR titled, ‘Global Concrete Admixtures Market Report and Forecast 2021-2026’, the market reached a value of around USD 16.60 billion in 2020. It is expected to witness a considerable growth in the forecast period, growing at a CAGR of 5.0% between 2021 and 2026 to attain USD 20.10 billion by 2026.

The global concrete admixtures industry is being driven by the heightened demand in the construction sector worldwide. This increase can be attributed to the growing public investments in construction activities fuelled by the steadily increasing global population, which is expected to augment the industry growth in the coming years. Furthermore, the governments are increasingly investing in the country infrastructure to meet the residential, commercial, and industrial infrastructure demands of the growing population.  In addition, the rapidly increasing urbanisation is also expected to aid the market growth. Furthermore, the development of smart and sustainable city projects is also predicted to propel the industry growth.

The rising emphasis of the leading players to develop sustainable concrete admixtures by utilising advanced chemical solutions is estimated to positively impact the industry growth in the forecast period. According to a press release issued by CEMEX SAB de CV (NYSE: CX), dated December 2020, the company launched its new admixture range known as ISOFINES 5000 series, which offers safe and easy drying solutions. These admixtures are capable of absorbing high amounts of water and offer sustainable benefits. In addition, these can be used in tunnelling spoil plastic concrete waste, jet grouting, and concrete excessive furnishings, among others. Moreover, these admixtures are sustainable alternatives to quicklime and can reduce the cost of construction projects. Such developments are expected to significantly contribute to the growth of the concrete admixtures industry in the forecast period.

Market Breakup by Product and Region:

  • The market is divided based on product into water reducing admixtures, waterproofing admixtures, accelerating admixtures, air-entraining admixtures, retarding admixtures, and others. 
  • Region-wise, the global market for concrete admixtures can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for concrete admixtures is being driven by the increased investments in the construction sector due to the rapidly increasing population and the growing urbanisation trends.
  • The increased demand for concrete admixtures in the construction sector due to their favourable properties is also impacting the market expansion.
  • Rising investments in the R&D of concrete admixtures by the leading manufacturers are also aiding the industry growth. 
  • The rising technological advancements in the manufacturing of admixtures are expected to further propel the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for concrete admixtures for the periods (2016-2020) and (2021-2026). 
  • The report also offers historical (2016-2020) and forecast (2021-2026) market information for the products and regions of concrete admixtures.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global concrete admixtures market are Sika AG, GCP Applied Technologies Inc., RPM International Inc., BASF SE, Fosroc, Inc., MAPEI S.p.A, CHRYSO GROUP, and others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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