The Concrete Admixture Market was valued at USD ~19 Bn in 2022 & is expected to grow at a CAGR of 8% from 2023-2030.

The Asia Pacific market is expected to register the highest growth rate in the forecast period due to the rising prevalence of concrete is growing on account of growing construction sector in emerging and developing nations. Infrastructure development plays a crucial role in the economic growth therefore governments in developing countries like China and India are launching various projects resulted in the increasing demand of concrete. For instance, India is building world-longest expressway of length 1,380 kilo meters (km) between Delhi and Mumbai which is likely to be completed by 2023. Around 80 lakh tons (8 million tons) of cement will be consumed for the project, which is approximately 2% of India’s annual cement production capacity. As a result, the demand of key components used in the making of concrete is also increasing. Increasing concrete demand, resulted in the increasing consumption of water, cement, aggregates, admixtures, additives, and fibers.

Further, the Asia Pacific Concrete Admixtures Market is expected to grow at a strong CAGR of 8.2% during the forecast period (2023-2030). The growth is attributed to the increasing research and development in the constructions industry. Furthermore, the rising number of guidelines and approval of infrastructure industry. Large and growing population coupled with shifting trends toward nuclear family in developing nations are some of the factors for the growth of the market. The market will strengthen the company's product offerings and become the category leader in the concrete industry.

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 Based on type, market is categorized into air-entraining admixture, water-reducing admixture, retarding admixture,. Among these, air-entraining admixture is likely to showcase significant growth during the forecast period. It is used in the concrete mixture to introduce bubbles during the concrete mixing process to reduce the segregation of concrete mixture.

Based on form, the market is bifurcated into liquid and form. Of both, liquid held the significant share in the market in 2020 and is expected to showcase considerable growth during the forecast period. Chemical additives known as liquids are applied to concrete to increase its workability and strength. They produce a stronger and longer-lasting finished product by using less water to obtain the desired consistency. Concrete can experience less shrinkage with the help of liquid, making the finished product more stable and long-lasting. Additionally, they can improve the concrete's workability, making it simpler to apply and form into ornamental patterns

Global Concrete Admixtures Market Segmentation

Market Insight, by Type

·  Air-Entraining Admixture

·  Water-Reducing Admixture

·  Retarding Admixture

Market Insights, by Form

·  Liquid

·  Powder

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Top Company Profiles

·  SIKA AG

·  BASF SE

·  GCP Applied Technologies

·  RPM International Inc.

·  Fosroc International Inc.

·  Mapei S.P.A.

·  CICO Technologies Ltd.

·  CHRYSO S.A.S.

·  Concrete Additives and Chemicals Pvt. Ltd.

·  Rhein Chemotechnik GmbH

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