Concrete Admixtures Construction Chemicals Market Scope
Concrete admixtures construction chemicals are materials different from cement, aggregate, and water that are added to concrete either before or during its mixing to alter its properties like workability, curing temperature range, set time, or color. The market is gaining high growth in various support mechanisms such as foreign direct investment (FDI) for pacing infrastructure development in some of the major concrete civil structures dominant markets.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | BASF SE (Germany), Arkema SA (France), Ashland Inc. (United States), Mapie S.p.A (Italy), Pidilite Industries (India), RPM International Inc. (United States), Sika AG (Switzerland), The Dow Chemical Company (United States), W.R. Grace & Company (United States)' and CEMEX S.A.B de C.V. (Mexico) |
CAGR | % |
Global Concrete Admixtures Construction Chemicals is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
BASF SE (Germany), Arkema SA (France), Ashland Inc. (United States), Mapie S.p.A (Italy), Pidilite Industries (India), RPM International Inc. (United States), Sika AG (Switzerland), The Dow Chemical Company (United States), W.R. Grace & Company (United States)' and CEMEX S.A.B de C.V. (Mexico) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Concrete Admixtures Construction Chemicals market by Type , by Application (Residential, Industrial and Commercial) and Region with country level break-up.
On the basis of geography, the market of Concrete Admixtures Construction Chemicals has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
On 11th November 2021, Sika AG acquired MBCC Group. The acquisition will complement and broaden Sika’s product and solution offerings in four of five core technologies and seven of eight Sika Target Markets and will further strengthen its geographic footprint. The combined business will be a key accelerator in allowing both Sika’s and MBCC Group’s customers and the construction industry to drive the sustainable transformation further and faster.
In 2019, BASF has launched Master X-Seed STE admixture. The solution improves both early and late-age strength development in concrete and helps make concrete production more efficient. Master X-Seed STE admixture allows concrete producers to expand the performance space of a given concrete mixture and optimize the cementitious content, by permitting a strength safety factor up to 15%.
Influencing Trend:
Growing Need for Reduction in Water Usage and Construction Time and Rising Residential Construction in both Developing and Developed Countries
Market Growth Drivers:
Upsurging Population Coupled with Growing Construction Activities Worldwide and The Increasing Adoption of Concrete Admixtures Construction Chemicals in Developing Economies
Challenges:
Lack of Awareness about the Advantages of Concrete Admixtures Construction Chemicals in the Unorganized Construction Sector
Restraints:
Concerns Related to the Increased Drying Shrinkage with the use of Concrete Admixtures Construction Chemicals
Opportunities:
The Fueling Urbanization and Industrialization in Developing Countries and Increasing usage of Concrete Admixtures Construction Chemicals in residential as well as Commercial Sectors can create Opportunities for Market Growth
Key Target Audience
Concrete Admixtures Construction Chemicals Manufacturers, Concrete Admixtures Construction Chemicals Suppliers and Distributors, Regulatory Bodies, Potential Investors, New Entrants, Research and Development Institutes and Others