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.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.