The Global Concrete Admixtures Market is expected to reach USD 26.06 billion by 2028, at a CAGR of 6.8% over the forecast period. Growing construction activities across the globe are boosting the demand for concrete admixtures, as they are majorly used for enhancing the properties of concrete at the time of construction. In addition, the adoption of ready-mix concrete in emerging nations is also likely to act as a development opportunity for the market in the next few years.
Concrete admixture is largely used in construction processes such as for building tunnels, road slabs, bridges, buildings, arches, and others. The global concrete admixtures market growth is primarily driven by growing investment in the infrastructure sector. Likewise, government investments for developing airport infrastructures are expected to fuel the demand for concrete admixtures.
The growth in the construction sector is highly dependent on the developing regions. The significant growth of the tourism industry has increased the demand for the construction of new hotels. In addition, the growth of the hospitality sector is responsible for increasing the demand for concrete admixtures globally. Increasing construction activities and growing population across the globe have increased the need for new residential and commercial buildings, which in turn, has provided a major boost to the global market.
he concrete admixtures industry in developed regions is being propelled by the growing demand for enhanced materials and processes used in construction. Owing to the extensive availability of technologically advanced urban infrastructure, the demand for concrete admixtures in developed regions is growing at a significant pace.
Increasing urbanization and a significant rise in the middle class population have also resulted in a growing demand for new commercial and residential properties, which has had a noteworthy impact on the global concrete admixtures market. The requirement for concrete admixtures is felt largely in emerging regions, where the rate of urbanization is higher than that of the developed regions.
Global Concrete Admixtures market, by end user
The infrastructure segment is projected to grow at the highest CAGR in terms of value during the forecast period, owing to an increase in the demand for infrastructural development in developing countries.
Global Concrete Admixtures Market, by type
The water reducing agents is likely to dominate the market over the forecast period. The product’s share is estimated to increase from 43.9% in 2016 to 44.1% by 2025. The expansion in product demand is largely caused by the rapidly increasing popularity of high-rise buildings.
Global Concrete Admixtures Market, by Region
As far as the geographical perspective is concerned, the Asia Pacific region is expected to dominate the market over the prediction period. Rapid urbanization is boosting the growth of the global concrete admixtures market across the region. In addition, rising private and public sector investments in infrastructural development can drive the construction market and regions such as China and India, which are likely to lead the demand for this market over the forecast period.
Governments of developing regions are improving their policies in order to attract foreign investments across their infrastructure industry. With a rise in foreign investment in the infrastructure sector, the concrete admixtures industry in the region is expected to witness high demand in the coming years.
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