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Concrete Admixtures Market trends, Top Companies, Share, Growth And Forecast 2033
Concrete Admixtures Market
The Business Research Company presents an extensive market research report on the Concrete Admixtures Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The concrete admixtures market size has grown steadily in recent years. It will grow from $15.45 billion in 2023 to $16.19 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to construction industry growth, infrastructure development, efficiency in concrete production, cost efficiency, environmental considerations, demand for high-performance concrete.
The concrete admixtures market size is expected to see strong growth in the next few years. It will grow to $19.82 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to sustainable construction practices, infrastructure renewal, smart cities initiatives, focus on durability, rapid urbanization in emerging markets, efforts to reduce carbon footprint. Major trends in the forecast period include high-performance admixtures, innovation in self-healing concrete technology, high-range water reducers (HRWR), rheology modifiers for special concrete applications, and air-entraining admixtures.
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Key Market Players:
Major companies operating in the concrete admixtures market report are BASF SE, CRH plc, Rhein-Chemotechnik GmbH, Holcim Limited, Concrete Additives and Chemicals Pvt. Ltd., Cemex S.a.b. De C.v., The India Cement Limited, Sika AG, Wacker Chemie AG, RPM International Inc., CHRYSO S.A.S, Votorantim Cimentos S.A., Shree Cement Limited, Dalmia Bharat Cement Limited, ParexGroup, Fosroc Inc., UltraTech Cement Limited, ADCO Constructions Pty. Ltd., GCP Applied Technologies Inc., Ambuja Cement Limited, Mapei SpA, Flowcrete Group Ltd., Shandong Wanshan Chemical Co. Ltd., Buildtech Products Pvt. Ltd., MBCC Group, CICO Group, Pidilite Industries Ltd., HA-BE Betonchemie, Polisan Kimya San A.S, HeidelbergCement AG
Market Drivers:
The increase in demand from the construction sector is expected to propel the growth of the concrete admixture market going forward. Construction activities have been on the rise due to rapid industrialization and urbanization. Concrete admixture enables the construction business to speed up the entire project by facilitating the establishment of climate-controlled facilities and enhancing specific properties of fresh or hardened concrete. For instance, in 2021, according to U.S. Census Bureau, the federal government's largest statistical agency, an estimated 1,595,100 housing units were started in 2021, that increased by 15.6% from 1,379,600 in 2020 in the US. Therefore, the increasing demand from the construction sector will drive the concrete admixture market growth.
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https://www.thebusinessresearchcompany.com/report/concrete-admixtures-global-market-report
The concrete admixtures market covered in this report is segmented -
1) By Type: Water Reducing Admixtures, Water-Proofing Admixtures, Accelerating Admixtures, Air-Entraining Agents, Retarding Admixtures, Other Types
2) By Application: Re-Inforced Concrete, Non Re-Inforced Concrete
3) By End User: Commercial, Residential, Infrastructure, Industrial
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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