A new report, Concrete Admixtures Market – Global Industry Size, Share, Trends, Analysis and Forecasts 2016 – 2024, examines key trends influencing the global concrete admixtures market.
The report from Transparency Market Research, predicts the market’s likely development.
“The key driver for the global concrete admixtures market is the rapid rate of urbanization across the world. The rise of urban complexes has generated a need for modern infrastructure, which has led to a significant demand for concrete and admixture use.
“Due to the widespread availability of urban and technologically advanced infrastructure, the demand for concrete admixtures in developed countries is primarily for further development of existing facilities, which necessitates the innovation of more effective and reliable admixtures.
“The global concrete admixtures market is led by North America and Europe, where the presence of several leading concrete manufacturers has created a competitive environment conducive for product innovation. However, emerging regions such as Asia Pacific and Latin America are likely to dominate the global concrete admixtures market in the coming years, and are expected to exhibit higher growth rates than developed markets in the forecast period.
The booming construction industry in countries such as China, India, Brazil, Argentina, Thailand, Japan, Chile, and Mexico is largely responsible for the promising potential attributed to the APAC and Latin America markets for concrete admixtures.