Concrete Admixtures Market Current Trends, Business Overview and Forecast by 2028 | Key Player: BASF SE, DowDuPont, CICO Technologies Ltd., Ashland Inc., RPM International Inc., Cemex S.A.B. De C.V., Fosroc International Ltd, Sika AG, Mapei S.P.A., Chryso

Concrete Admixtures Market is projected to reach USD 26.06 billion by 2028, at a CAGR of 6.8% during the forecast period.
Admixtures are natural or synthesized chemicals added to concrete before or during mixing to impart special properties to fresh or hardened concrete. They are used to impart either one of the properties, including durability, strength or workability of the concrete mixture. According to the World Bank, the urban population grew from 3.204 billion in 2005 to 4.127 billion in 2017, which is expected to drive the demand for mass housing and infrastructure projects.

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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.

Based on end-use sector, the concrete admixtures market has been segmented into residential, commercial and infrastructure. The infrastructure segment is projected to grow at the highest CAGR, in terms of value, during the forecast period, owing to an increase in the demand for infrastructure development in the developing countries.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT Analysis:
1. BASF SE
2. DowDuPont
3. CICO Technologies Ltd.
4. Ashland Inc.
5. RPM International Inc.
6. Cemex S.A.B. De C.V.
7. Fosroc International Ltd.
8. Sika AG
9. Mapei S.P.A.
10. Chryso S.A.S.
11. Pidilite Industries

Key Factors Impacting Market Growth:
Increasing population and rapid urbanization in developing regions
Use of advanced technologies in construction
Reducing construction time and water usage

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Key Developments:
In May 2016, BASF India launched a new concrete admixtures plant in Kharagpur, West Bengal.
In April 2019, Fosroc International inaugurated a new greenfield factory in Keshwana, Jaipur, India, to enhance its geographical coverage, particularly in North India and Nepal.
On January 31, Fosroc International, and Berger Paints Ltd., a market leader in Bangladesh paints industry, entered into a joint venture creating a new legal entity, Berger Fosroc Limited, to service the construction chemicals market in Bangladesh.

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.

Market Segmentation:
By Type:
Chemical
Retarder
Water Reducer
Air Entraining
Viscosity Modifier
Accelerator
Plasticizer
Shrinkage Reduction
Others
Mineral
Silica Fume
Rice Husk
Fly Ash
Blast Furnace Slag
Others
By Application:
Commercial
Residential
Infrastructure
Industrial
By Region:
North America
By Country (US, Canada, Mexico)
By Type
By Application
Western Europe:
By Country (Germany, UK, France, Spain, Rest of Western Europe)
By Type
By Application
Eastern Europe:
By Country (Russia, Turkey, Rest of Eastern Europe)
By Type
By Application
Asia Pacific
By Country (China, Japan, India, Rest of Asia Pacific)
By Type
By Application
Middle East:
By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
By Type
By Application
Rest of the World
By Region (Latin America, Brazil, Rest of the World)
By Type
By Application

Reasons to Buy This Report:
Market size estimation of the global concrete admixtures market on a regional and global basis
The unique research design for market size estimation and forecast
Profiling of major companies operating in the market with key developments
Broad scope to cover all the possible segments helping every stakeholder in the market

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