Concrete admixture refers to ingredients added to concrete immediately before or during mixing. They are used to reduce costs, enhance properties and maintain solid quality throughout the production and application process such as mixing, placing, transportation, etc.
The latest report by Value Market Research, the global Concrete Admixtures Market is expected to reach US$ 38.41 billion by 2025 with a CAGR of 8.5%.
The market is dominated by the ongoing construction activities in the residential and commercial sector. Rising demand for efficient admixtures to enhance the durability and workability of concrete is fueling the growth of the market. Also, increasing awareness among users about the benefits associated with the mix is driving the market demand. Moreover, the increase in demand for residential infrastructure owing to rising global population is likely to drive the market demand over the forecast period.
This detailed market study focuses on data obtained from multiple sources and analyzed using a number of tools including Porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insight into the potential value of the market so as to facilitate business strategists with the latest development opportunities. In addition, these tools also provide a detailed analysis of each application/product segment in the global concrete mix market.
The broader concrete mix market has been sub-grouped into type, application, and raw material.
By Type
Normal Plasticizer
Retarding Agent
Waterproof Agent
Superplasticizer
Accelerating Agent
Air-Entraining Agent
Others
By Application
Infrastructure
Residential
Non-Residential
By Raw Material
SNF
Lingo
PCE
Others
The report covers geographic segmentation, focusing primarily on current and forecast demand for solid mix in North America, Europe, Asia Pacific, Latin America and the Middle East & Africa.
Source: https://www.valuemarketresearch.com/report/concrete-admixture-market
Nishtha Sarabhai after working for three years in a Bank switched to writing to balance her work and home. She is a mother of two beautiful kids. She enjoys writing on Aerospace, Science and new invcentions. She has been with VMR news since its inception.