TMR Research has analyzed the current and the past expansion pattern of global concrete admixtures market worldwide in a report, Concrete Admixtures Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025.
Taking into account its economic factors and basic usage, the report offers the strategies to overcome hurdles that are likely to be an impediment to the market’s progress. The rising demand of admixtures in residential and non-residential sectors is one of the key reasons for its growing demand in the global market. These admixtures are expected to make concrete structures more affordable for the stakeholders and contractors.
Developing countries are expected to offer a huge market for the growth. But the real challenge will be to gain high profits from the industrialized regions in the developed countries, as the market is already well established. They already have an advanced infrastructure, and the only requirement they are expected to have is for the repairing and the maintenance purpose. The infrastructural growth is also majorly based on government funds, therefore, their contribution plays a pivotal role in the growth of the market and advancement of the regions on the global scale.
Concrete admixtures have achieved the popularity as it is cost effective. This characteristic not only enhances the quality of concrete but also helps in various stages such as placing, curing, and transporting. Due to its rising applications for roads, bridges, sidewalks, houses, and skyscrapers, the consumption of concrete admixtures is expected to rise by manifolds. But the instability in the economic conditions is impacting the construction industry rather negatively, which in turn is causing a hindrance to the global concrete admixtures market.
Countries like China, India, the UAE, Egypt, Brazil, and Saudi Arabia are expected to register a higher growth rate, as the requirement for housing and other infrastructures continues to remain on the rise.
The market growth will also depend on the consumer spending and their demand for beautiful civil structures along with the durability factor. In the recent past, due to the major growth rate in the corporate offices and residential sectors, Asia Pacific emerged to be one of the major regions contributing to the global concrete admixtures market. Besides, Europe and South Africa also followed owing to the impressive consumption rate. Whereas North American region has witnessed the steady advancement in the market.
CICO Technologies, Ashland, The Dow Chemical Company, BASF, Fosroc, LanYa Concrete Admixtures, Sika, Chryso, and WR Grace & Co, are the significant key players in the global concrete admixtures market.
A sample copy of the report is available at TMR Research.