Growing construction industry in emerging markets of Asia Pacific and Latin America are expected remain key factors driving the global market. Growing residential, commercial and industrial infrastructure in developing economies is expected further drive the global market growth. High admixtures demand in concrete mixing on account of its ability to improve workability is expected to further augment the market growth. Wide variety of concrete admixtures such as accelerating agents, normal & super plasticizers and water proofing admixtures enable flexibility to designers to modify and enhance chemical as well as physical properties of concrete. Concrete admixtures exhibit characteristics such as compressive strength, durability to adverse climatic conditions and surface finish, which in turn is expected to impact global market growth positively. High cement demand on account of increasing infrastructure spending is expected to further augment market growth. Rapid urbanization has fuelled demand for bridges, roads, tunnels, and water retention structures which in turn are expected to increase global concrete admixtures market growth. Improving public infrastructure in developing markets of Africa and Asia are expected to drive cement demand which in turn is expected to complement the market growth. Stringent government regulations regarding infrastructure standards and growing demand for residential infrastructure is expected to foster the global market growth. Lack of awareness coupled with increasing concrete admixtures prices are expected to hinder market growth.
Asia Pacific emerged as a major regional market and is expected to grow rapidly over the forecast period owing to increasing construction spending in China and India. Introduction of foreign direct investment (FDI) and other support mechanisms such tax reliefs from the governments of India & China is expected to fuel market growth in the region. North America and Europe are expected to exhibit sluggish growth rate over the forecast period on account of market saturation. Middle East & Latin America are projected to witness high growth rates on account of rapid urbanization. Rapid transportation infrastructure development in the above mentioned regions is further expected to augment the global market growth.
Key players operating in the global concrete admixtures market include Cemex C.B, The Dow Chemical Company, Rpm International Inc., Ashland Inc., Pidilite Industries, CICO Technologies Ltd., Mapei Ltd., Chryso SAS & BASF S.E W. R. Grace & Co.
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