Concrete Admixture Market 2021-2027: Regional Outlook, Growth, Industry Share & Forecast Report
The concrete admixture market is set to grow from its current market value of more than USD 17.78 billion to over USD 26 billion. Higher spending towards sustainable urban development will enhance the concrete admixture industry share in the coming years. Construction sector plays a crucial role in the long-term development of the economy and in this regard, numerous governments across several regions in the world are focusing on substantial investments in major infrastructure projects. To back the same with an instance, the Belt and Road Initiative led by China is a distinguished infrastructure project in the construction industry, which aims at connecting China with 65% of the global population.
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When looking at ensuring the long-term progress of the economy, the construction industry plays the most crucial role. On a global level, a number of governments are making sizable investments towards key infrastructure projects to stimulate their economy and bring it out of the COVID-19 economic slump. The construction sector in the Middle East and the U.S. are growing at a respectable rate as they are mostly engaged in various restructuring activities. These activities are slated to fuel the market outlook over the coming years.
This novel technology would facilitate performant as well as sustainable cement production with less clinker. The new product portfolio of Sika would include concrete admixtures and cement additives, allowing consumers to adapt their mix designs and materials to the novel features of LC3.
In terms of application, the non-residential application segment is projected to reach revenues of more than $7.01 billion by the end of the analysis timeframe. Rising demand for recreation/amusement centers, hotels, educational hubs, medical centers, and retail shopping centers among others will drive segment growth. Government authorities across developing countries are planning incentive schemes as well as tax reductions to drive non-residential construction in their countries, providing a strong helping hand to the segment.
The MEA concrete admixture market size is slated to expand at a 6.6% CAGR up to 2027. This is owing to the higher government spending seen in Egypt, Saudi Arabia, and the UAE for infrastructure development. There is also a noticeable rise in the number of government initiatives on social infrastructure and green building construction across the country. For instance, in September 2020, Dubai Future Foundation teamed up with Dubai Municipality to launch the Future of Construction Tech Program, a new initiative for deploying cutting-edge technologies in the construction sector.
The Asia Pacific is anticipated to register close to 55.07% of the global market share by 2027. This is due to the expanding construction sector in the region on account of the growing population as well as the industrialization and urbanization. The rising rate of migration and consumer spending has also made way for a higher need for housing facilities.
CICO Group, Cormix International Limited, GCP Applied Technologies, RPM International, Ha-Be Betonchemie, Arkema, CEMEX Group, Beijing Jiankai Concrete Additive, BASF, Denka Company Limited, SIKA AG, Fosroc, MAPEI, Krishna Colours & Constchem and RPM International among others are some of the key players operating in the concrete admixture market.
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Data Tables
TABLE 1 Global concrete admixture market estimates and forecast, 2017 – 2027, (Kilo Tons) (USD Million)
TABLE 2 Global superplasticizer concrete admixture market volume by application, (Kilo Tons), 2017 - 2027
TABLE 3 Global superplasticizer concrete admixture industry revenue by application, (USD Million), 2017 – 2027
TABLE 4 Global accelerator concrete admixture industry volume by application, (Kilo Tons), 2017 - 2027
TABLE 5 Global accelerator concrete admixture industry revenue by application, (USD Million), 2017 – 2027
TABLE 6 Global retarder concrete admixture industry volume by application, (Kilo Tons), 2017 - 2027
TABLE 7 Global retarder concrete admixture market revenue by application, (USD Million), 2017 – 2027
TABLE 8 Global water reducer concrete admixture industry volume by application, (Kilo Tons), 2017 - 2027
TABLE 9 Global water reducers concrete admixture market revenue by application, (USD Million), 2017 – 2027
TABLE 10 Global air entraining mixture concrete admixture source industry volume by application, (Kilo Tons), 2017 - 2027
TABLE 11 Global air entraining mixture admixture source market revenue by application, (USD Million), 2017 – 2027
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