Global concrete admixtures construction chemicals market was valued US$ 10.85 Bn in 2017 and is expected to reach US$ 16.54 Bn by 2026, at a CAGR of 5.41 % during a forecast period.
Concrete admixtures construction chemicals market is register to the highest CAGR 5.41 % during the forecast period owing to the growth in infrastructural projects like airports, highways, bridges, dams and wastewater facilities are estimated to open new opportunities for the market players.
Advancement of the global construction industry and growth in the compliance with the latest manufacturing standards are major drivers of the market. Increase in government initiatives regarding energy conservation and sustainable infrastructure is expected new opportunities during the forecast period. Fluctuations in the cost of raw materials and energy can challenge the market.
Chemical admixtures segment produced the highest revenue and is expected to grow at the highest CAGR during the forecast period owing to enhance the properties of concrete. Chemical admixtures are used to accelerate and check the rate of curing & for reducing the water content in the concrete mix. It is also used as oxidization inhibitors, reduction control, alkali-silica reactivity inhibitors and coloring agents in concrete.
Residential segment is the most lucrative segment in the concrete admixtures construction chemicals market and is expected, to grow at the significant CAGR during the forecast period owing to the high demand in response to the perennial urbanization globally. Construction organizations initiate a comparatively larger number of residential projects with high-grade construction materials to provide improved structural integrity and sustainability.
The concrete admixtures construction chemical market in Asia-Pacific is projected to grow at the highest CAGR and leading the market in terms of revenue owing to the growing infrastructural construction activities. Furthermore, the growth in population in Asia-Pacific countries is estimated to boost the demand for housing & commercial infrastructure, which is projected to drive the global concrete admixtures construction chemicals market.
Key player operating in the global concrete admixtures construction chemicals market are Arkema SA, Ashland Inc, Basf Se, Dow Chemical Company, Fosroc International Ltd., Mapei S.P.A., Pidilite Industries Limited, Rpm International Inc., Sika Ag, and R. Grace & Co.
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The Scope of Global Concrete Admixtures Construction Chemicals Market:
Global Concrete Admixtures Construction Chemicals Market, by Type:
Global Concrete Admixtures Construction Chemicals Market, by Application:
Global Concrete Admixtures Construction Chemicals Market, by Region:
Middle East & Africa
Key Player Operating In the Global Concrete Admixtures Construction Chemicals Market:
Dow Chemical Company
Fosroc International Ltd.
Pidilite Industries Limited
Rpm International Inc.
R. Grace & Co.