The concrete admixture market share is set to gain immense momentum due to increasing government expenditure in sustainable urban development. Concrete admixtures are known to provide numerous environmental benefits including lessening of high carbon components of concrete without changing its desired features. This is fostering their adoption throughout the construction sector as industry players increase focus towards the concept of sustainable and green buildings.
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As global governments pass out infrastructure development initiatives to give their economies a much-needed kickstart, industry players have been gearing up for the oncoming period of growth. Citing an instance, in September 2020, CHRYSO, a leading player in the construction chemicals sector, reportedly announced a new partnership deal with Solidia Technologies, a renowned concrete and cement technology firm.
When looking at ensuring the long-term progress of the economy, the construction industry plays the most crucial role. On a global level, a number of governments are making sizable investments towards key infrastructure projects to stimulate their economy and bring it out of the COVID-19 economic slump. The construction sector in the Middle East and the U.S. are growing at a respectable rate as they are mostly engaged in various restructuring activities. These activities are slated to fuel the market outlook over the coming years.
This novel technology would facilitate performant as well as sustainable cement production with less clinker. The new product portfolio of Sika would include concrete admixtures and cement additives, allowing consumers to adapt their mix designs and materials to the novel features of LC3.
Over the past couple of years, the Concrete Admixture Market has witnessed extensive competition on account of new innovations and product launches. Citing an instance, in April 2021, Sika, a Swiss multinational specialty chemical firm, teamed up with prominent industry players for the development of concrete admixtures applying with the help of LC3 technology. The focus of the collaboration is on making a range of low carbon admixtures that reduces CO2 emissions. It has been developed by the Swiss Federal Institute of Technology in Lausanne.
The concrete admixture market from non-residential application segment is projected to reach revenues of more than $7.01 billion by the end of the analysis timeframe. Rising demand for recreation/amusement centers, hotels, educational hubs, medical centers, and retail shopping centers among others will drive segment growth. Government authorities across developing countries are planning incentive schemes as well as tax reductions to drive non-residential construction in their countries, providing a strong helping hand to the segment.
The MEA concrete admixture market size is slated to expand at a 6.6% CAGR up to 2027. This is owing to the higher government spending seen in Egypt, Saudi Arabia, and the UAE for infrastructure development. There is also a noticeable rise in the number of government initiatives on social infrastructure and green building construction across the country. For instance, in September 2020, Dubai Future Foundation teamed up with Dubai Municipality to launch the Future of Construction Tech Program, a new initiative for deploying cutting-edge technologies in the construction sector.
CICO Group, Cormix International Limited, GCP Applied Technologies, RPM International, Ha-Be Betonchemie, Arkema, CEMEX Group, Beijing Jiankai Concrete Additive, BASF, Denka Company Limited, SIKA AG, Fosroc, MAPEI, Krishna Colours & Constchem and RPM International among others are some of the key players operating in the concrete admixture market.
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Data Tables
TABLE 1 Global concrete admixture market estimates and forecast, 2017 – 2027, (Kilo Tons) (USD Million)
TABLE 2 Global superplasticizer concrete admixture industry volume by application, (Kilo Tons), 2017 - 2027
TABLE 3 Global superplasticizer concrete admixture industry revenue by application, (USD Million), 2017 – 2027
TABLE 4 Global accelerator concrete admixture industry volume by application, (Kilo Tons), 2017 - 2027
TABLE 5 Global accelerator concrete admixture industry revenue by application, (USD Million), 2017 – 2027
TABLE 6 Global retarder concrete admixture industry volume by application, (Kilo Tons), 2017 - 2027
TABLE 7 Global retarder concrete admixture industry revenue by application, (USD Million), 2017 – 2027
TABLE 8 Global water reducer concrete admixture market volume by application, (Kilo Tons), 2017 - 2027
TABLE 9 Global water reducers concrete admixture industry revenue by application, (USD Million), 2017 – 2027
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