The global concrete admixture market revenue is expected to expand at a lucrative CAGR over the forecast period. Increasing investments in infrastructure sector are expected to be a major factor driving market growth. However, lack of skilled labors in the construction sector in Africa is expected to hamper market growth over the forecast period.
The global concrete admixture market report has been segmented on the basis of type, application, and region.
On the basis of type, the global concrete admixture market has been segmented into accelerating agents, air-entraining agents, water reducing agents, waterproofing agents, retarding agents and others (superplasticizers, normal plasticizers, fly ash, granulated blast furnace slag, and silica fume). Penetration of accelerating agents segment is expected to grow at a steady rate over the forecast period. These products are used to increase the concrete strength by altering properties of concrete in cold weather.
On the basis of application, the global concrete admixture market has been segmented into residential and non-residential and infrastructure. Residential segment is expected to witness steady growth over the forecast period. Growing residential construction owing to growing population is expected to drive demand for concrete admixture in the residential sector.
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On the basis of region, the global concrete admixture market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America market is expected to grow at a steady rate over the forecast period. Aging infrastructure in the US is expected to boost demand for infrastructure investment in the region which in turn is anticipated to augment market growth in the region over the forecast period.
Key players operating in the global concrete admixture market include BASF SE, The Dow Chemical Company, W.R. Grace & Co., Sika AG, Rpm International Inc., Chryso S.A.S., Cementaid (UK) LTD, CICO Technologies Ltd., Pidilite Industries Ltd., and Fosroc International Limited.