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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.
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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.
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