According to a new market research report published by sheer analytics and insights, “The Global Concrete Admixtures Market was $16.1 Bn in 2020, and it is expected to reach $30.9 Bn by 2031. It is eventually growing at a commendable high compound of annual growth rate CAGR of 6.0% between 2021-2031, as per the latest market research report titled, Global Concrete Admixtures Market - Industry analysis, size, share, growth, trends, and forecast, 2021-2031.
Concrete admixtures are the type of chemicals added to concrete before or during mixing to increase the setting time of the concrete. Most commonly using concrete admixtures include air-entraining agents, retarding agents, water reducers, and accelerators. Admixtures are generally used for construction practices, compatibility with cementing materials, job specifications, and economic benefits. Concrete admixture helps to improve the durability, workability, and strength characteristics of the concrete mix. Rising demand from the construction industry and the far distance from the batching plant to the construction site is the prime factor for the market growth. The increasing number of constructions for residential and commercial are also driving the market growth during the forecast period.
However, in this current pandemic of COVID-19, the motors market is affected much. It changes the growth rate graph slightly in the Concrete Admixtures market. But it has been expected that after the pandemic situation, the global Concrete Admixtures market will reach a high position in the graph. Apart from that, the rising of the Concrete Admixtures sector across the world is anticipated to offer a massive opportunity for market growth in the next forecast period of 2021 to 2031.
Geographically, The Concrete Admixtures Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.
The report covers a detailed outlook about the company, and it includes the company or industry profiles and market share of key players operating in the global market. Key players in the report include Sika AG, BASF SE, GCP Applied Technologies, Inc., RPM International, Inc., Fosroc, Inc., Mapei SpA, CHYRSO SAS, Rhein-Chemotechnik GmbH, The Dow Chemical Company, W.R. Grace & Co., Cemex S.A.B. De C.V, Ashland Inc., Pidilite Industries, Fosroc International Ltd, and CICO Technologies Ltd among others.
The Global Concrete Admixtures Market Has Been Segmented into:
Global Concrete Admixtures Market: By Product Outlook
Global Concrete Admixtures Market: By Application
Global Concrete Admixtures Market: By Region