Concrete Admixtures Market projected to grow at a Healthy CAGR 8.6% in the forecast period (2016-2021)

Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Concrete Admixtures Market is expected to inflate at impressive CAGR by the forecast period (2016-2021).

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Highlights of the Report:
The global concrete admixtures market offers strong growth opportunity and is likely to grow at 8.6% CAGR during the forecast period of 2016 to 2021. Increasing building & construction activities and infrastructure projects, improving quality of construction in developing countries, and requirement for reduction in water usage & construction time are the major growth drivers of the global concrete admixtures market. The growing need for repair and maintenance of aging house in developed economies is also likely to substantiate the growth of the concrete admixtures market during the forecast period.

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Market Segments:
Concrete admixtures are fine distributed ingredients in concrete other than cement, water and aggregate that are added to the mix immediately before or during mixing. It is used to reduce the cost of concrete, to enhance or modify the properties of hardened concrete, and to ensure the quality of concrete during mixing. It improves rheology, workability, quality, durability, and other properties of concrete.

Concrete admixtures are used in residential, commercial and infrastructure construction projects worldwide. All three application segments accounted for healthy share of the global concrete admixtures market in 2015. Infrastructure was the largest concrete admixtures market in 2015, driven by increasing infrastructure development activities by developing countries, mainly in Asia—Pacific and Middle East regions. Concrete admixtures are used in various areas of infrastructure, such as bridges, roads, dams, tunnels, water reservoirs, sewage and water treatment plants, and subway systems.

Water reducing agents (Superplasticizers and normal plasticizers) are expected to remain the largest product type in the global concrete admixtures market during the forecast period. They are low cost admixtures and are widely preferred across the regions. Air-entraining agents are expected to witness the fastest growth in the next five years.

Asia-Pacific is expected to remain the largest concrete admixtures market during the forecast period. The region is likely to witness double digit growth in the next five years, driven by high focus of government in the infrastructure development by developing economies, increasing urbanization & migration towards cities, and need for improving quality for construction. China and India will remain as the growth engines of the Asia-Pacific concrete admixtures market in the next five years. There is a healthy demand of concrete admixtures expected in all three application segments; commercial, residential and infrastructure in the Asia-Pacific region.

Market Players:
The supply chain of this market comprises raw material suppliers, concrete admixture manufacturers, engineers, contractors, builders, architects, and end users. The key concrete admixtures manufacturers are The Dow Chemical Company, BASF SE, Sika AG, W.R. Grace, RPM International, Inc., Fosroc International, Cico Technologies, Pidilite Industries, and MAPEI. New production development (recycled material), and strategic alliances are the key strategies adopted by the key players to gain competitive edge in the market.

Features of the Report
Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

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This release was published on openPR.