Increasing investment in infrastructure development is propelling the demand of the concrete admixtures

The global construction industry is on the path of recovery despite the uncertain COVID-19 situation. The industry is likely to showcase significant growth in 2021 and in the latter years as economies are gaining momentum and coming back on the growth trend. For instance, India witnessed a GDP growth of 20.1% y-o-y during the first quarter of fiscal year 2021-22. Reopening of halted construction project, governments financial package to fast pace the projects are some of the reason for the growth in construction industry. This will likely increase the demand of construction materials like concrete, aggregates, and admixtures.

Further, growing population and shifting trend toward nuclear family is increasing the demand of larger number of house for accommodation purpose. This will increase the construction of residential houses, which eventually increase the demand of construction materials. Moreover, governments scheme to provide houses to unprivileged, is further, fuel the demand of construction materials including admixtures.?

According to UnivDatos Market Insights (UMI)’ research report “Global Concrete Admixtures Market”, the market is expected to witness a CAGR growth of around 8% during the forecast period 2021-2027F. Increasing infrastructure activities in the developing countries, large and growing demographic, and increasing awareness and consumer disposable income are some of the key factors which are driving the growth of the market.

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Based on distribution & usage channel, the market is categorized into ready-mix plant, precast component and concrete product producer, contractor, and others. Among these, ready-mix plant category held the significant share in the market and is likely to showcase significant growth during the forecast period. The large demand of ready-mix concrete is because it is prepared as per the given set of requirement at the batching plant and then transported directly to the work site. Thus, reducing the time of concrete mixing at the work site. Further, these concrete are the prepared in the batching plant under a control manner to meet the exact requirement which might be not possible in other types of channel therefore in large number of projects ready-mix plant prefers.?

Among end user, the market is categorized into resiential and non-residential. Of both, non-residential sector held the significant market share in 2020 and is expected to grow at a considerable rate during the forecast period. Large investment in infrastructure activities across the globe, is the one of the key attributable factors for high growth rate. For instance, the construction of Three Georges Dam of China required mixing and pouring of 27.15 million cubic meters of cement and building of 231,000 square meters of leak-proof concrete walls.

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Asia Pacific held the significant market share in 2020

Based on region, the report provide detail analysis for overall adoption of Concrete Admixtures in major region including North America (US, Canada), Europe (Germany, UK, France, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World. Asia Pacific held the significant market share in 2020 owing to large consumption of concrete in the regional countries due to large number of residential and non-residential construction activities.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global Concrete Admixtures market are SIKA AG, BASF SE, GCP Allied Technologies, RPM International Inc., Fosroc International Inc., Mapei Inc., CICO Technologies Ltd., CHRYSO S.A.S., Concrete Additives and Chemicals Pvt. Ltd., and Rhein Chemotechnik GmbH. These companies are taking several strategic decisions to increase their market presence and revneue.

Some of the instances are:

§?In April 2021, SIKA AG developed a low CO2 emission admixture product range. This will help the company in strengthening its environment friendly admixture product portfolio and providing opportunity to cater a large range of customers?

§?In April 2021, SIKA AG announced that the company has expanded concrete admixture production capacity at it Doha admixture plant.

“Global Concrete Admixtures Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.??????

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Market Segmentation:

1.?????By type (air entraining admixture, water-reducing admixture, retarding admixture, accelerating admixture, plasticizers, and others)

2.?????By form (liquid and powder)

3.?????By distribution & usage channel (ready-mix plant, precast component and concrete product producer, contractor, and others)

4.?????By end user (residential and non-residential (commercial/industrial and infrastructure)

5.?????By Region (North America (US, Canada), Europe (Germany, UK, France, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World)

6.?????By Company (SIKA AG, BASF SE, GCP Allied Technologies, RPM International Inc., Fosroc International Inc., Mapei Inc., CICO Technologies Ltd., CHRYSO S.A.S., Concrete Additives and Chemicals Pvt. Ltd., and Rhein Chemotechnik GmbH)

Key questions answered in the study:

1.?????What are the current and future trends of the global Concrete Admixtures industry?

2.?????How the industry has been evolving in terms of type, form, distribution and usage channel, and end user?

3.?????How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.?????What are the key growth drivers and challenges for the global Concrete Admixtures industry?

5.????What are the customer orientation, purchase behavior, and expectations from the global Concrete Admixtures suppliers across various region and countries?