Chemical Admixtures Market is Forecasted to Reach US$ 8.4 billion in 2028, Says Stratview Research

The global chemical admixtures market is projected to witness a growth rate of 4.5% annually from 2023 to 2028, with an anticipated size of US$ 8.4 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global chemical 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$ 8.4 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 Chemical Admixtures Market:
The global chemical admixtures market is segmented based on product type, end-use type, application type, and region.

Based on product type - The market is segmented into cement additives and concrete admixtures.
Between segments, concrete admixtures are expected to remain the biggest market category as they aid in improving workability, durability, strength, and other specific aspects of concrete before it is used in the construction or renovation of any residential, non-residential, and infrastructure. With their use, construction professionals can optimize concrete properties and meet specific project requirements more effectively, leading to better-quality structures.

Based on the end-use type - The market is segmented into residential structures, non-residential structures, and infrastructure.
Among these sub-segments, 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 by developing countries, mainly in the Asia-Pacific and The Middle East regions. Chemical 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.
Between segments, renovation is likely to be the larger 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 is related to renovation purposes only.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/3560/chemical-admixtures-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is expected to remain the largest market for chemical admixtures during the forecast period. This growth outlook is majorly attributed to the following-
- The regional market is largely influenced by key Asian countries, such as China, India, Japan, South Korea, and some Southeast Asian nations.
- 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 chemical admixtures.
- Concurrently, key economies, such as India and China, are incessantly experiencing rapid economic growth, which simultaneously increases regional disposable incomes and construction activities.

Chemical Admixtures Market Drivers:

Some of the key drivers listed in the report are given below.
- Rapid urbanization and population growth in many regions lead to increased construction activities, such as highways, bridges, airports, and urban development.
- This requires high-performance concrete with improved strength, durability, and workability, which can be achieved through the use of chemical admixtures.
- These admixtures help meet the rising demand for construction materials by improving the quality and performance of concrete while reducing the overall cost and construction time.

Top Companies in the Chemical 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 Limited

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Chemical 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 Admixtures Market: https://www.stratviewresearch.com/171/concrete-admixtures-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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This release was published on openPR.