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A comprehensive overview of the global Concrete Admixtures market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Concrete Admixtures market globally. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the global Concrete Admixtures market at regional and country levels. The global Concrete Admixtures market was stood around $15 billion in 2020 and is expected to grow at a CAGR of around 8% between 2021-2027.
Market Overview
In the last few decades, the construction industry has witnessed advancement in the infrastructure activities and to meet the changing requirement, specific kind of concrete is becoming a necessity. As a result, demand of admixtures has witnessed an increasing trend since it can enhance a specific concrete property such as durability or early and final strength. Further, infrastructure development plays a crucial role in the economic growth therefore governments in developing countries like China and India are launching various projects resulted in the increasing demand of concrete
Large and growing population base and rapid construction in China, led to the increase in demand of concrete. As a result, increased the demand of admixtures. Further, countries like India has taken various steps in last few years to improve the infrastructure sector of the region. For instance, in October 2021, the country launched “Gati Shakti Master Plan”, a US$ 1.3 trillion (INR 100 lakh-crore) project for developing ‘holistic infrastructure. Further, country is developing a new airport which is likely to cost around US$ 4 billion (INR 30,000 crore) and likely to completed by 2024
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COVID-19 Impact
In the light of COVID-19, the global construction industry witnessed a negative market owing to halted construction activities owing to strict measures like lockdown. Further, companies operating in the market witnessed liquidity crunch in the wake of COVID-19, due to which several major projects get delayed. All these factors reduced the demand of concrete admixture. However, it is expected that the construction industry is likely to recover in a short span of time owing to governments support to fast pace the construction activities, thus, it is expected that the demand of construction materials including admixtures is likely to improve during the foreseeable future.
Global Concrete Admixtures market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By type, the market is primarily divided into:
Among different types of concrete admixtures, the demand of air-entraining admixture is likely to showcase robust growth during the forecast period owing to its property of reducing the segregation of concrete mixture, improves durability of concrete exposed to cycles of freezing and thawing. Further, according to America’s Cement Manufacturers, the amount of entrained air is usually between 4 and 7% of the volume of the concrete. However, this percentage can be change depending on requirement.
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By form, the market is mainly categorized into:
Among liquid and powder form admixture, liquid category held the significant share in the market and is expected to hold significant share during the forecast period. However, both liquid and powder form admixtures are used to reduce the cost of concrete, achieve certain properties in concrete more effectively, maintain the quality of concrete during the stages of mixing, transporting, placing, and curing in adverse weather conditions, and overcome certain emergencies during concreting operations.
Global Concrete Admixtures Market Geographical Segmentation Includes:
Based on the estimation, Asia pacific held the significant share in the concrete admixtures market mainly because of robust construction activities in the last two decades in the region. Industrialization supported economic reform resulted in the entry of numerous companies in the country which resulted in the construction of large number of infrastructure projects. Further, growing population couple with rising people disposable income resulted in the spending more on houses. Hence, increases the demand of houses for accommodation. As per an article, between 2011 and 2013, China consumed 6.6 gigatons of concrete - that's more than the U.S. used in the entire 20th century. Further, country had built several mega projects in last two decades, which accounted for large amount of construction materials. For instance, the construction of Three Georges Dam of China required mixing and pouring of 27.15 million cubic meters of cement and building of 231,000 square meters of leak-proof concrete walls
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Competitive Landscape
The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating globally. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the global Concrete Admixtures market. The major players have been analyzed by using research methodologies for getting insight views on market competition.
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Key questions resolved through this analytical market research report include:
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