Concrete Admixture Market Size - Industry Growth Report To 2026
Category: #business  By Rahul Varpe  Date: 2021-02-24
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Concrete Admixture Market Size - Industry Growth Report To 2026

With leading players seeking to boost their product portfolios, concrete admixture market outlook is slated to witness product innovation and strategic mergers & acquisitions. Besides, investments in development projects will instill confidence among stakeholders, and some of the companies will look to expand their footholds in the untapped markets.

The Concrete Admixture Market forecast alludes thriving construction sector in APAC and Latin America to instill confidence among stakeholders. It is worth noting that while the U.S. and the Europe construction sector are growing steadily given the fact that they are advanced economies, remodeling and restructuring activities have gained momentum in recent years.

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Concrete admixture market share is geared for bullish growth as North America and Europe witness burgeoning urbanization and upsurge in construction sector. Meteoric rise in remodeling and restructuring activities, and sustained economy has augured well for the North America construction sector.

North America and Europe have been the happy hunting grounds for stakeholders. The European Union is set to invest around US$ 4.4 billion in 25 large infrastructure projects in 10 member states, including Germany, Greece, Bulgaria, Czechia, Hungary, Poland, Italy, Malta, Romania and Portugal.

Accelerators and air entraining mixture are expected to witness a steady growth rate given the fact that accelerating admixtures boost development rate and subsequently saves construction time. An upsurge in infrastructure development project bolstered by favorable government policies may act as a fillip in fueling demand for accelerators.

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Of late, MEA has become a viable investment destination in the wake of job opportunities galore and rise in infrastructure development projects. In addition, Gulf Cooperation Council (GCC) has adopted a robust long-term supply strategy of project developments that solely emphasizes social infrastructure advancements, thereby fueling construction industry. Reportedly, capital projects of Saudi Arabia are touted to be around US$ 1.2 trillion, while UAE is likely to witness infusion of US$ 713 billion in capital projects.

Seismic shift observed in commercial construction sector on the heels of flourish witnessed in trade activities and economies of scale is expected to have positive influence on concrete admixture market revenue share. Notably, the introduction of novel products has fared well for the product demand.

Non-residential sector has become the major recipient of concrete admixture as emerging economies witness influx of retail shopping centers, education hubs, hotels and amusement parks, among several others. Prominently, governments in developing countries have been offering abatements, tax holidays, tax exemptions and other favorable policies to boost construction of non-residential buildings in the region.

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For instance, as compared to the valuation of the new construction projects in 2014 being pegged at US$ 280 billion, renovation projects witnessed almost two-fold valuation in the same year and was recorded at around US$ 430 billion in 2017.

Notably, BASF SE rolled out new product and launched new manufacturing facilities in India and Vietnam in the span of last two years. Some of the leading players profiled in the concrete admixture market are BASF SE, Denka Company, Sika AG, Fosroc Ltd., Cemex, GCP Applied Technologies Inc, among several others.

Related Reports: -

Self-Compacting Concrete Market: https://www.prnewswire.com/news-releases/self-compacting-concrete-market-from-og-sector-to-grow-at-4-5-cagr-to-2024-gmi-300906676.html

Concrete Densification & Polishing Material Market: https://www.globenewswire.com/news-release/2019/04/05/1797525/0/en/Concrete-Densification-Polishing-Material-Market-to-hit-450Mn-by-2025-Global-Market-Insights-Inc.html

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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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