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Concrete Admixture Market is projected to witness rapid growth from Construction Sector by 2024

Author : Rahul Varpe | Published Date : 2019-04-22 

Global Market Insights provides a detailed overview of Concrete Admixture market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Concrete Admixture market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Sturdy rise in the construction sector, mainly in India, China, Indonesia and Malaysia is attributed to industrialization and urbanization in these regions, which is probable to make significant impact on the concrete admixture market during the forecast period. Revival in construction industry, mainly in Germany and UK for the repair and maintenance of bridges, roads, tunnels, etc. has led to substantial investment in large construction projects, which will have positive impact on market share in the forecast spell. The application of this admixture on hardened concrete is quite complex to attain the correct level of air pressure. It improves concrete structure durability by enhancing its firmness and cohesion which will help augment product demand, and subsequently will drive concrete additive market by 2024.

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Projects to build greenhouse gas emission free buildings in Europe and housing projects for low-income group people in India under "Make in India" initiative are sure to bring new and profitable opportunities to the concrete admixtures market in the forecast timespan. For instance, in India USD 2.4 billion project is currently under progress to build the Navi Mumbai International Airport which commenced in March 2015 and is expected to be completed till 2019.

Non-residential applications for the concrete admixture market accounted for over 25% of the global industry share in 2016. Non-residential applications include buildings, medical centers, education hubs, retail shopping centers, etc. Rising infrastructure activities primarily in the Asia Pacific will help attain promising gains to concrete additive market over the forecast span. For example, Laos and China signed an agreement in March 2018 for the implementation of building China-aided Mahosot hospital to modernize medical services in the region.

Air entraining concrete additive market is projected to witness gains of more than 8.5% by 2024. Air entraining mixture creates air bubble in the concrete which act as rollers and helps in improving the workability. These admixtures are also very effective in freeze thaw cycles and provide cushion effect on the expanding water while concreting in cold climate.

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Concrete Admixture Market in Latin is probable to witness gains close to 8% during the forecast period. Countries including Colombia, Argentina, Bolivia, Peru, Chile and Uruguay strongly need to improve their infrastructure including roads, houses, bridges, etc. Government in the countries are making substantial investment in the construction sector. For instance, in Bolivia, an investment of around USD 588 million has been made for developing a road stretch of 493 km.

The major concrete admixture market share is divided among:

  • RPM International
  • BASF
  • Bostik
  • CEMEX
  • CICO Group
  • MAPEI
  • Sika
  • Euclid Chemical
  • Dow
  • Cementaid
  • FOSROC

The abovementioned organizations are spending heavily on their R&D to expand their range of available products. For instance, Sika Group had launched a sustainable admixture named Sika Viscocrete GR 5000 in Qatar in 2016. It is mainly due to the green initiative policies being adopted in Europe to achieve more cost effective and environment friendly construction techniques.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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