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Concrete Admixture Market 2019-24 By Product - Superplasticizer, Accelerators, Retarders

Author : Rahul Varpe | Published Date : 2019-04-02 

Superplasticizer - Analyzing that the construction sector has been expanding at an unprecedented pace, it is rather overt that concrete admixtures industry will register a massive growth rate in the ensuing years, considering the problems of water scarcity. Water reducing concrete admixtures not only result in creating desired slump in a lower water-cement ration but also obtain specific strength using lower cement content. Lower cement content further leads to lower CO2 emission which is one of the leading factors responsible for the increasing demand of superplasticizers in the construction industry across the globe. Indeed, estimates claim that such plasticizers and superplasticizers can reduce the water requirement by 15% to 30% and are majorly applicable in producing heavy reinforced structures with inaccessible areas. In this regard, it is prudent to mention that superplasticizer based concrete admixture industry is estimated to exhibit a robust CAGR of 9.5% over 2017-2024.

Latin America Concrete Admixture Market 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 aforementioned 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. Several other development projects in the region will advance the concrete admixture market during the forecast timeframe. Concrete Admixture Market is forecast to exceed USD 38 billion. 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. 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.

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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.

Similarly, in China the expansion project of Beijing airport that is expected to be completed by 2025 will surely surpass Dubai's Al Maktoum Airport in total square miles, cost, and plane & passenger capacity. Several other ongoing construction activities globally will drive the concrete admixture market in the forecast span. These products are used in the production of concrete, which helps in improving its properties based on its applications. Several concrete admixtures available in the market are water reducers, air-entraining agents, superplasticizers, fly ash, etc.

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 concrete admixture market share in the forecast spell. Lack of responsiveness and trained labor, specifically in the disorderly construction sector may prove to be restraining factors for the concrete admixture market in the projected timeframe. Although, 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.

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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. 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.

The major concrete admixture market share is divided among RPM International, BASF, Bostik, CEMEX, CICO Group, MAPEI, Sika, Euclid Chemical, Dow, Cementaid and 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.

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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