Concrete Admixtures Market | Recent Innovation and Upcoming Trends Analysis Report to 2031 - InsightAce Analytic

Jersey City, NJ, March 16, 2023 (GLOBE NEWSWIRE) -- The global Concrete Admixtures Market is estimated to reach over USD 24.51 billion by 2031, exhibiting a CAGR of 4.01% during the forecast period.

The concrete admixtures market refers to the market for materials added to concrete to improve its performance, workability, durability, and sustainability. Concrete admixtures can be used to modify the properties of concrete, such as setting time, strength, and water resistance, and are used in various applications, including residential, commercial, industrial, and infrastructure projects.

Several factors, including the growth of the construction industry, urbanization, and the need for sustainable and eco-friendly building materials, drive the demand for concrete admixtures. Using concrete admixtures can also reduce the carbon footprint of concrete structures by reducing the amount of cement required to achieve the desired performance and durability. The cost of concrete admixtures is relatively high compared to traditional concrete. This can make it difficult for some construction projects to justify using concrete admixtures, especially for smaller projects or those with tight budget constraints.

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Recent Developments:

• In June 2022, Sika will open a new manufacturing facility in Stafford, Virginia, to increase its production of concrete admixtures in the country.

• In May 2022, Sika inaugurated a new Santa Cruz de la Sierra facility to produce mortar and concrete admixtures. The new factory has increased Bolivia's capacity to produce mortar and concrete admixtures by two times, in addition to the current plant.

List of Prominent Players in the Concrete Admixtures Market:

• BASF SE
• Buildtech Products (India)
• CHYRSO SAS
• CICO Technologies Ltd (India)
• Flowcrete Group Ltd. (India)
• Fosroc, Inc.
• GCP Applied Technologies Inc.
• Mapei SpA
• MBCC Group (Germany)
• RAZON ENGINEERING COMPANY PRIVATE LIMITED (India)
• Rhein-Chemotechnik GmbH
• RPM International, Inc
• Sika AG

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Concrete Admixtures Market Report Scope:

Market Dynamics:

Drivers-

Rising plasticizer demand will support market expansion. The need for plasticizers for various uses in residential, commercial, and industrial structures is driving the rapid growth of this market. Superplasticizers and regular plasticizers are typically formed of calcium, ammonium lignosulphonates, and sodium. They offer excellent strength, longevity, and a strong bond between steel and concrete, making them perfect for reducing the amount of water that concrete absorbs. Also, the workability of concrete is a crucial property that gets better with the addition of water; however, if more water is added, the strength and durability of the concrete are maintained. The amount of plasticizers used in concrete production increases as a result.

Challenges:

The prime challenge is the need for more awareness and commercialization regarding bio-based products in developing countries, which is predicted to reduce the growth of the concrete Admixtures Market. However, the high cost of green chemicals and the availability of synthetic chemicals are factors expected to hamper the overall growth of the concrete Admixtures Market over the coming years. Owing to the COVID-19 pandemic, the number of cases has been increasing, which led to a global or partial shutdown to maintain social distancing. According to a recent update, the industries are facing unprecedented economic losses due to disruptions in global supply chains for key players operating in the global concrete Admixtures Market. Distributors, suppliers and retailers have inventory but can't sell, and manufacturers must stop production from dealing with the shutdown.

Regional Trends:

The Asia Pacific concrete admixtures market is expected to register a major market share in revenue and is projected to grow at a high CAGR shortly. The Asia Pacific region has experienced significant growth in construction activities, driven by rapid urbanization, industrialization, and infrastructure development. This has led to a growing demand for concrete admixtures, which enhance concrete structures' strength, durability, and workability. The Asia Pacific region has a growing population, driving demand for new residential and commercial construction projects. This is further contributing to the demand for concrete admixtures in the region. The Asia Pacific region is experiencing rapid urbanization, leading to the development of new cities and the expansion of existing ones. This is driving demand for new construction projects, which in turn is fueling the growth of the concrete admixtures market in the region.

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Segmentation of Concrete Admixtures Market-

By Product-

• Water Reducing Admixtures
  • Superplasticizers
  • Plasticizers
• Waterproofing Admixtures
• Accelerating Admixtures
• Air-Entraining Agents
• Retarding Admixtures
• Other Admixtures

By Region-

North America-

• The US
• Canada
• Mexico

Europe-

• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-

• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific

Latin America-

• Brazil
• Argentina
• Rest of Latin America

 Middle East & Africa-

• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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