In 2021, the market for concrete additives was estimated to be worth roughly USD 20.96 billion. The market is projected to expand at a CAGR of 6.7% from 2021 to 2028, reaching a value of around USD 30.11 billion by that year.
The concrete admixtures market is a global industry that supplies a range of chemicals and materials used in the production of concrete. Concrete admixtures are added to the concrete mix to improve its properties and performance, and to make it more durable, strong, and resistant to various environmental factors. The market is driven by the increasing demand for concrete in the construction industry, as well as the development of new and innovative admixtures.
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The concrete admixtures market is segmented based on the type of admixtures, which include superplasticizers, air-entraining agents, water reducers, accelerators, and others. Superplasticizers are the largest type of admixture, and are used to improve the flow and workability of the concrete mix. Air-entraining agents are used to improve the freeze-thaw resistance of the concrete, and to reduce its permeability and shrinkage. Water reducers are used to reduce the amount of water required to produce a given consistency of concrete, and to improve its strength and durability. Accelerators are used to increase the rate of strength development of the concrete, and to reduce the time required for it to harden.
Key Players-
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The market is also segmented based on the end-use industries, which include residential, commercial, infrastructure, and others. The residential and commercial construction industries are the largest end-users of concrete admixtures, as they require large quantities of concrete for the construction of buildings, roads, bridges, and other structures. The infrastructure industry is also a major end-user, as it uses concrete admixtures in the construction of airports, ports, dams, and other large-scale infrastructure projects.
The global concrete admixtures market is highly competitive, with a large number of players operating at the global and regional levels. The key players in the market include BASF, Dow Chemical, Sika, Fosroc, and CEMEX. These companies have strong research and development capabilities, and offer a wide range of concrete admixtures to meet the diverse needs of their customers.
The concrete admixtures market is expected to witness steady growth in the coming years, owing to the increasing demand for concrete in the construction industry and the development of new and innovative admixtures. The market is also likely to be influenced by factors such as changing consumer preferences, technological advancements, and regulatory policies.
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