Concrete Admixture Market: Regional Opportunities, Industry Analysis & Forecast to 2027
The size of concrete admixture market was registered at USD 17.78 billion in the year 2020 and is anticipated to cross USD 26.01 billion by 2027. Between the period 2021-2027, the market is expected to register a CAGR of 6.1%.
It is a well-established fact that more than half of the world’s population lives in urban areas. Meanwhile, the United Nations has anticipated that by 2050, nearly 70% of the global population is estimated to live in urban areas.
With such huge population turning to urban areas, the need for sustainable residential development is gradually taking a sharp incline in the global construction and infrastructural development business space. However, to build strong and concrete structures, cement producers are now making use of admixtures in concrete. Reason? The ability of concrete admixtures to reduce the cost of concrete construction, modify the properties of hardened concrete, and ensuring exceptional quality of concrete during mixing.
Get sample copy of this research report @ https://www.decresearch.com/request-sample/detail/1459
Under these conditions, global concrete admixture market is set to embark on a profitable growth journey over 2021 to 2027 looking forward to recording an annual remuneration of $26.01 billion during the given time span.
Switzerland-based Sika had recently unveiled its plans of expanding its concrete admixture production capacity at the company’s Doha admixture plant. In line with this, Sika has also begun the production of epoxy resin in the facility. Company officials anticipate that the expansion would enable the company to get capitalized in Qatar’s thriving construction business.
Apart from MEA, Asia Pacific is also touted to hold a significant position in the overall concrete admixture market. Industry experts have raised claims that the regional market is anticipated to hold the largest market share of 55.07% over the forecast period. Thanks to the increasing urbanization rate and simultaneous need for construction of buildings.
MEA concrete admixture market is predicted to depict a CAGR of 6.6% through 2027, on the grounds of increased government spending in various infrastructural developments across the continent. For instance, the Middle East government had made a significant investment in the development of Dubai’s AI Maktoum International Airport, which currently extends over 21 square miles.
Of the different types of concrete admixtures, industry experts have suggested that water-reducing admixtures have been witnessing a prolific demand in the construction industry; courtesy: the product’s ability to reduce the required water content by about 5% to 10%.
These admixtures are primarily used during the construction of low-slump concrete overlays, bridge decks, and patching concrete and have been deemed to offer exceptional stability over an expansive range of temperatures.
The novel coronavirus pandemic, which claimed umpteen lives and literally slowed down the economic progression across different countries, has had a significant impact on the concrete admixture market as well. A temporary halt in construction activities worldwide had negatively influenced the demand for concrete admixtures during the early breakout phase, from April to June 2020.
Get This Report Customized To Your Requirements@ https://www.decresearch.com/roc/1459
Some Point from Table of Contents:
Data Tables
TABLE 1 Global concrete admixture market estimates and forecast, 2017 – 2027, (Kilo Tons) (USD Million)
TABLE 2 Global superplasticizer concrete admixture industry 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 market volume by application, (Kilo Tons), 2017 - 2027
TABLE 9 Global water reducers concrete admixture industry revenue by application, (USD Million), 2017 – 2027
TABLE 10 Global air entraining mixture concrete admixture source market volume by application, (Kilo Tons), 2017 - 2027
TABLE 11 Global air entraining mixture admixture source market revenue by application, (USD Million), 2017 – 2027
Browse complete Table of Contents (ToC) of this research report @
https://www.decresearch.com/toc/detail/concrete-admixtures-market