Infinium Global Research’s recent report on the “Global Concrete Admixture Market ((By Product Type (Mineral Admixture, and Chemical Admixture), By Function (Water-reducing Admixtures, Retarding Admixtures, Superplasticizers, and Corrosion-inhibiting Admixtures), By Application (Residential, Commercial, and Other)) Global Industry Analysis, Trends, Market Size & Forecasts to 2028” provides a comprehensive outline of the factors responsible for the growth of the market. The Global Concrete Admixture Market was valued at around USD 16 Billion in 2022 and is expected to reach nearly USD 25 Billion in 2028, with a CAGR of 7% during the forecast period.

To Know More Request a Sample of this Report: https://www.infiniumglobalresearch.com/reports/sample-request/3517

"We are Now Including the Impact Analysis of the COVID-19 on this Premium Report and the Forecast Period of this Report shall be Revised to 2022-2028."

The Section on the Impact of COVID-19 on this Market is Included in the Report for Free

Growing Demand for Industrial and Commercial Spaces Due to Increasing International Investment in Developing Countries will Boost the Growth

Increasing utilization of the retarding, water-reducing, superplasticizers, and corrosion-inhibiting concrete admixtures in the commercial, residential and industrial sectors will majorly enhance the demand for the Admixtures. The rising focus on building affordable housing by the private and public sectors will highly influence the demand for the admixtures. Increasing standard of living, and income levels, along with the migration of the population from rural areas to urban areas, is anticipated to continue to the growth of the construction industry globally. Growing demand for industrial and commercial spaces due to increasing international investment in developing countries will boost the growth during the forecast period. These factors are expected to drive the growth of the concrete admixture market within the forecast period.

The outbreak of covid-19 had negative effects on the Concrete Admixture Market during the forecast period. The spread of the covid-19 virus has postponed construction projects globally. The unavailability of raw materials was the major problem for the manufacturers during the pandemic. Furthermore, the shortage of skilled workforce extended the timeline of the target production. Moreover, decreased spending on new product development restrained the growth of the market. Delays and cancelation of the upcoming tenders by the government restricted the development and hence hampered the market growth during the spread of the covid-19 epidemic.

The Retarding Admixtures Segment is Expected to Dominate the Market

The Global Concrete Admixture Market is bifurcated By Product Type, Function, and Application Industry. By Function, the segment is further bifurcated into Water-reducing Admixtures, Retarding Admixtures, Superplasticizers, and Corrosion-inhibiting Admixture. The Retarding Admixtures segment is anticipated to dominate the market growth during the forecast period. The increasing demand for retarding admixtures in the residential and commercial construction sector because of the ability to reduce the initial setting time of concrete will fuel the growth of the segment. The demand for retarding admixtures is high because it has a special ability to absorb water-borne contaminants and water. Moreover, it also aids in protecting the structures from degradation, reducing maintenance costs, and increasing durability.

Enquire Here Get Customization & Check Discount for Report @ https://www.infiniumglobalresearch.com/reports/customization/3517

The Asia Pacific Region is to be Expected the Fastest-growing Region in Global Concrete Admixture Market

The Global Concrete Admixture Market is segmented into the Asia Pacific, North America, Europe, the Middle East & Africa, and South America. The Asia Pacific dominates the global concrete admixture market owing to the booming construction sector in this region. The growing industrialization and urbanization in the Asia Pacific countries such as China, Indonesia, India, and Malaysia are increasing the demand for concrete admixtures. In addition, the rising government initiatives such as housing projects and the growing foreign investments in India are anticipated to drive the growth of the Asia Pacific concrete admixture market. In the Asia Pacific region China highly contributes to the growth of the market. According to National Development and Reform Commission of China, the Shanghai Plan invest USD 38.7 billion to boost the construction industry during the forecast period.

Key Players Focus to Increase the Production Capacity by Collaborating with other Companies

The Global Concrete Admixture Market is intensely competitive with several multinational and local players. The major players are SIKA AG, Cementaid International Group of Companies, CICO Group, RPM International Inc., MAPEI S.p.A., CEMEX S.A.B. de C.V., Nevada Ready Mix, Fosroc, Inc., BASF SE, Lanya Concrete Admixtures, and several others are constantly focusing on developing products to gain a competitive edge in the market. The companies are applying various market strategies to sustain in the market such as acquisitions, and new product launches during the forecast period. For instance, in October 2021- Sika, a Swiss chemical company, developed a concrete admixture Limestone Calcined Clay Cement (LC3) technology along with the Swiss Federal Institute of Technology Lausanne.

In November 2021, Euclid Chemical acquired the business of Brett Admixtures which will help to expand its geographic footprint. Infinium Global Research’s recent report on the Global Concrete Admixture Market is an encompassment of such recent developments in the marketplace. The report delivers insights into the recent developments by leading players that have contributed to the growth of the Global Concrete Admixture Market and also estimates the impact of recent developments in the market.

Place a Purchase Order to Buy a Complete Copy of this Report Enquire Here: https://www.infiniumglobalresearch.com/reports/enquiry/3517

Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of the Concrete Admixture.

=> Complete coverage of all the product types and applications segments to analyze the trends, developments, and forecast of market size up to 2028.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand and/or diversify.