The Concrete Admixtures Market was valued at USD 13.26 billion in 2015 and is projected to reach USD XX.XX billion by 2022, at a CAGR of 9.2% during the forecast period from 2015 to 2020. Concrete admixtures are the ingredients which are added to concrete either before or during mixing in the form of powder or fluids to enhance the strength, chemical resistance, and durability of the concrete. Concrete plays an important role in the civil and industrial structures.
Admixtures, owing to their ability to enhance the strength and durability, and chemical properties of the concrete such as design requirement, aesthetic and functional aspect of the concrete, is becoming an integral part of various commercial and industrial sectors. In the Global Concrete Admixtures market report, we have taken the following major end-user applications into consideration: Residential, Industrial, Commercial, and Infrastructure.
This market is driven by a number of factors, such as increasing construction activities in emerging economies and Middle-Eastern region and development plans of the government to support the infrastructural activities to meet and spur the economic growth. However, this market faces certain drawbacks, slow growth of the construction industry in the developed countries owing to the presence of established infrastructures and buildings. These factors may act as a roadblock to the growth of the market.
The Global Concrete Admixtures market, on the basis of product type can be broadly segmented into chemical admixture and mineral admixture. These are again according to the sub-segmentations of the product type. The market has also been geographically segmented into Asia-Pacific, North America, Europe, South America, and Middle-East & Africa. In terms of market revenue in 2015, Asia-Pacific led the market with a share of XX.XX%. Continuous improvements in economic conditions in the Asia-Pacific region (especially in in countries such as India, China, and Indonesia) has enhanced the financial status of the consumers, which has increased the demand for buildings and boosted the infrastructural development in the region (as the region is becoming a new industrial hub), consequently, making the Asia-Pacific an area of immense potential and opportunities.
Furthermore, the recovering construction industry in Europe will offer numerous opportunities in the growth of the Global Concrete Admixtures Market. Some of the major companies dominating this market for its products, services, and continuous product developments are RPM International Inc., Sika AG, W.R. Grace Co., MAPEI South Africa (Pty) Ltd., and CEMEX S.A.B de C.V.
Key Deliverables in the Study