Global Concrete Admixtures Market: Overview
Concrete admixtures are a range of chemicals added to concrete in order to enhance various characteristics of the concrete mixture. The primary properties of concrete targeted by concrete admixtures are its strength and durability, and resistance to chemicals and environmental contaminants. Reducing the volume of water required to set concrete is another key target of concrete admixtures, as this allows high-strength concrete to be produced without increasing the amount of cement used in it. Admixtures that slow down the rate at which concrete sets, thus enabling workers to work with it more freely, are also becoming popular.
The report examines the historical development trajectory of the global concrete admixtures market to determine the key trends influencing it. The current figures of the concrete admixtures market are analyzed in the report to derive actionable insights into the future of the market. The most influential drivers and restraints acting on the global concrete admixtures market have been studied in the report to present an overview of their qualitative and quantitative impact on the market’s likely development trajectory in the coming years.
Global Concrete Admixtures Market: Drivers and Restraints
The key driver for the global concrete admixtures market is the rapid rate of urbanization across the world. The rise of urban complexes has generated a need for modern infrastructure, which has led to a significant demand for concrete and thus for the admixtures used therein.
Urbanization and the accompanying rise of the middle class have also led to the demand for new residential and commercial property, which has had a notable impact on the concrete admixtures market. The need for concrete admixtures is felt most intensely in developing economies, where the rate of urbanization is much higher than in developed countries.
The concrete admixtures market in the developed world is also driven by the increasing demand to improve the practices and materials used in construction. Due to the widespread availability of urban and technologically advanced infrastructure, the demand for concrete admixtures in developed countries is primarily for further development of existing facilities, which necessitates the innovation of more effective and reliable admixtures.
Global Concrete Admixtures Market: Geographical Segmentation
The global concrete admixtures market is led by North America and Europe, where the presence of several leading concrete manufacturers has created a competitive environment conducive for product innovation. However, emerging regions such as Asia Pacific and Latin America are likely to dominate the global concrete admixtures market in the coming years, and are expected to exhibit higher growth rates than developed markets in the forecast period.
The booming construction industry in countries such as China, India, Brazil, Argentina, Thailand, Japan, Chile, and Mexico is largely responsible for the promising potential attributed to the APAC and Latin America markets for concrete admixtures. The growth of urban centers such as Shanghai, Beijing, New Delhi, Mumbai, Sao Paulo, Buenos Aires, and Mexico City has been rapid and prosperous for the concrete admixtures market in the last few years due to the consequent demand for new construction. However, the bulk of the potential of developing markets for concrete admixtures lies in rural regions, where the ongoing development of urban infrastructure presents significant promise.
Global Concrete Admixtures Market: Competitive Dynamics
The report profiles key players in the global concrete admixtures market in order to understand the competitive dynamics of the market. Leading companies examined in the report include BASF SE, Ashland Inc., CEMEX S.A.B DE C.V., Conmix Ltd., Dow Chemical Company, CICO Technologies Ltd., and Pidilite Industries Ltd.