Latest News:- Concrete Admixtures Market: Clubs is expected to lead the End-user segment during 2024-2028

Concrete Admixtures Market to grow at a CAGR of 4.46% during 2024-2028

The Concrete Admixtures Market is expected to grow at a CAGR of 4.46% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 3774.4 million. Economic growth and urbanization in key markets such as India, Vietnam, Malaysia, China, and Qatar have driven significant increases in consumer disposable income. This trend, exemplified by China's per capita income of USD20,000-USD30,000 in 2022 and the US's per capita income of around USD70,000-USD80,000 in the same year, is expected to fuel substantial spending on residential and non-residential infrastructure projects. Consequently, the global construction industry will experience robust growth during the forecast period, creating a favorable business environment for the concrete admixtures market. 

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The Clubs subsegment is expected to dominate the End-user segment during the forecast period 

Technavio analysts predict that the Clubs subsegment will lead the End-user segment during 2024 and 2028 The global concrete admixtures market is poised for significant growth due to the projected increase in population and urbanization. With a current global population of 7.95 billion in 2022, as reported by The World Bank, the demand for new residential units, particularly in high-density urban areas in Asia Pacific (APAC) and North America, is anticipated to surge. Concrete admixtures play a crucial role in various residential applications, including flooring (designer flooring, mosaic tiles, paver tiles, and marble flooring) and walls (Stonecrete, Grit Wash, and Tyrolean). The construction sector, specifically in APAC and Middle East & Africa (MEA), is expected to witness a boom due to the high number of new housing projects underway.

Here are the various ways based on which the market is segmented: 

• End-user
  • Clubs
  • Coaches
  • Leagues
  • Sports association
  • Others
• Geography
  • APAC
  • Europe
  • North America
  • Middle East and Africa
  • South America

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There are several factors that are causing the market to flourish rise in global construction and infrastructure development activities

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

The Concrete Admixtures Market is witnessing significant growth due to the increasing demand for new housing units, industrial and institutional buildings, commercial buildings, and infrastructure development projects. Concrete admixtures, such as Water Reducers, Viscosity Modifiers, Shrinkage Reducing Admixtures, Retarders, Air Entraining Admixtures, and Accelerators, play a crucial role in enhancing the properties of concrete. Water-reducing admixtures, also known as plasticizers or superplasticizers, help reduce the amount of water required in concrete mixes while maintaining workability and strength. Viscosity modifiers improve concrete flowability, and shrinkage reducing admixtures help reduce concrete shrinkage during curing. Retarders delay the setting time of concrete, while accelerators increase the rate of hydration. Industrial and institutional buildings, residential buildings, urban landscapes, tunnels, bridges, roads, and infrastructure development projects require concrete with specific strengths, durability, and structural properties. Ultra-high performance concrete and sprayed concrete use specialized admixtures to achieve the desired properties. Waterproofing admixtures and accelerating admixtures are also essential for various applications, including pre-cast concrete and modular ratio concrete. The market for concrete admixtures is expected to continue growing due to the increasing demand for high-performance concrete in various sectors.

Market Research Overview

The construction materials market encompasses the manufacturing sector for products such as sand, clay, gypsum, lime, aggregates, cement, concrete, bricks, and other materials. This market's size is represented by the consolidated revenue generated by providers of chemicals, construction materials, containers and packaging, metals and mining, and paper and forest products. The expansion of the building and construction industry is a primary growth driver, with this sector experiencing significant growth in recent years and projected to continue this trend in the foreseeable future.

The Concrete Admixtures Market is experiencing significant growth, fueled by the rise in global construction and infrastructure development activities. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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