Concrete Admixtures Market is Forecasted to Reach US$ 7.4 billion in 2028, Says Stratview Research

The global concrete admixtures market is projected to witness a growth rate of 4.5% annually from 2023 to 2028, with an anticipated size of US$ 7.4 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global concrete admixtures market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 7.4 billion
Growth (CAGR): 4.5% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 4
Number of Tables & Graphs: 100+

Segment Insights on the Concrete Admixtures Market:
The global concrete admixtures market is segmented based on product type, end-use type, application type, and region.
Based on product type - The market is segmented into plasticizers, superplasticizers, accelerating and retarding admixtures, air-entraining admixtures, water-resistant admixtures, mortar admixtures, concrete fibers, and others.
Plasticizers are expected to remain the largest chemical category during the forecast period. They are low-cost admixtures and are widely preferred across the regions owing to their increasing demand for imparting improved workability, enhanced strength, durability, and segregation resistance to the concrete.

Based on the end-use type - The market is segmented into residential structures, non-residential structures, and infrastructures.
Infrastructure is expected to remain the dominant end-use type in the market during the forecast period. This is primarily driven by the increasing infrastructure development activities of developing countries, mainly in the Asia-Pacific and the 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, among others.

Based on the application type - The market is segmented into new construction and renovation.
Renovation is likely to be the bigger demand generator during the forecast period. There has been an increasing demand for construction chemicals for renovations including repair of existing structures, especially in the developed economies such as the USA, Germany, and Japan. Most of the spending related to construction chemicals in these economies are related to renovation purpose only. Renovation projects help promote sustainability by reducing the need for new construction and minimizing waste.

To know the most attractive segments, visit:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is expected to remain the largest market for concrete admixtures during the forecast period. This growth outlook is majorly attributed to the following-
- Some of the key Asian countries contributing to the growth of the market include China, India, Japan, South Korea, and Southeast Asian nations such as Vietnam, Indonesia, and Thailand. These countries have been investing heavily in infrastructure projects such as roads, bridges, railways, airports, and residential and commercial buildings, creating a significant demand for concrete admixtures.
- Concurrently, key economies such as India and China are incessantly experiencing rapid economic growth, which simultaneously increases regional disposable incomes and construction activities.
- In addition, there has been an increasing emphasis on sustainable construction practices in the Asia Pacific region over the years, due to which the regional concrete admixture manufacturers are developing environmentally friendly and energy-efficient product types driven by the need to reduce the carbon footprint in the construction industry. This is simultaneously boosting the regional market for concrete admixtures.

Concrete Admixtures Market Drivers:

Some of the key drivers listed in the report are given below.
- As the industry focuses on improving construction practices, reducing environmental impacts, and achieving higher performance standards, there has been a growing demand for concrete admixtures to optimize construction processes and achieve desired performance goals. Through the incorporation of admixtures into concrete mixes, contractors can achieve higher performance levels, leading to better-quality structures.
- This improvement in performance can drive growth by attracting more projects and ensuring customer satisfaction. Overall, concrete admixtures contribute to growth in the construction industry by enhancing concrete performance, increasing efficiency and productivity, supporting sustainable construction practices, meeting specific project requirements, and driving market expansion through innovation.

Top Companies in the Concrete Admixtures Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• MBCC Group
• Sika AG
• Compagnie de Saint-Gobain S.A.
• CEMEX, S.A.B. de C.V.
• MAPEI S.p.A.
• Fosroc International Ltd.
• The Euclid Chemical Company
• Penetron
• RussTech, Inc
• Chembond Chemicals Ltd.

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Concrete Admixtures Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:

• Concrete Superplasticizers Market: https://www.stratviewresearch.com/917/concrete-superplasticizers-market.html

• Chemical Admixtures Market: https://www.stratviewresearch.com/3560/chemical-admixtures-market.html

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