Concrete Admixtures Market Demand to Cross USD 30 Bn by 2026: Global Market Insights, Inc.
The Asia Pacific concrete admixtures market is estimated to reach USD 15 billion by the end of 2026 owing to rising urbanization and growing investment in construction industry, says this analysis report by GMI.
SELBYVILLE, Del., February 4, 2020 (Newswire.com) - Global Market Insights, Inc. has recently added a new report on concrete admixtures market market which estimates the global market valuation for concrete admixture will cross US$ 30 billion by 2026. Reviving European and North American construction sector and rapidly growing urbanization around the world will induce confidence in the market.
The growing commercial construction sector on account of rising trade activities and rapidly growing economies shall have a positive impact on the revenue generation. The emergence of new products is proliferating the concrete admixture demand. Moreover, the industry is witnessing modest growth owing to the rising construction sector in Asia Pacific and Latin America. The U.S. and European construction sectors are growing at a moderate rate, as they are developed economies and mainly restructuring, and remodeling activities are witnesses in the construction sector of these regions.
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Concrete admixtures market is segmented into several product types including superplasticizers, accelerators, retarders, water reducers, etc. Accelerators and air-entraining mixtures are witnessing modest growth owing to extraordinary properties. For instance, accelerating admixtures significantly increases strength development rate, thus, reducing the construction time. Favorable government policies of emerging economies along with a rise in infrastructure development projects shall further strengthen the product demand over the forecast timeframe.
The non-residential segment held a considerable share overall in the concrete admixtures market. Economic conditions are supporting growth in demand for construction activity, particularly for non-residential buildings led by vigorous levels of demand for educational hubs, retail shopping centers, amusement/recreation, hotels, etc. Governments in emerging economies are providing tax holidays, abatements and other policies for attracting construction of non-residential buildings in their respective countries. All these factors together will augment the growth rate of product demand in the near future.
Rapidly growing population and job opportunities in the Middle East have triggered demand for housing facilities, which will have a significant impact on concrete demand and a subsequent rise in concrete admixture consumption in the coming years. Regional demographics, along with stronger support from regional government in terms of investment in the major infrastructure projects and a moderate increase in oil prices are the major factors driving the construction industry in the region.
Browse key industry insights spread across 405 pages with 668 market data tables & 36 figures & charts from the report, “Concrete Admixture Market Share & Forecast, 2019 – 2026” in detail along with the table of contents:
Moreover, GCC countries have included their long-term supply strategy of project developments which focus on social infrastructure, which will lead to more opportunities for the Middle East construction industry in the forecast timeframe. Saudi Arabia capital projects are estimated to be close to USD 1.2 trillion, whereas for the UAE, it is projected USD 713 billion.
Some major findings of the concrete admixtures market report include:
- A strong economy and growing restructuring, and remodeling activities helped the revival of the North American construction sector.
- Sustainable construction to lead the European construction sector in the coming years.
- European Union to invest USD 4.4 billion on 25 infrastructure projects across ten member states, thus creating market opportunity for product.
- Rapid urbanization coupled with growing housing demand shall raise product penetration in residential sector over the study timeframe.
Concrete admixture industry players are engaging themselves in product innovations, R&D and portfolio expansions. Key players include Sika AG, BASF SE, Fosroc Ltd., Denka Company Limited, GCP Applied Technologies Inc, Cemex among others. To expand the market share, these players engage themselves in various strategies such as capacity expansion, geographic expansion, strategic joint ventures and partnerships, product innovations, etc. For example, in the last two years, BASF SE launched a new product and opened new manufacturing facility in India and Vietnam.
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Partial chapters of report table of contents (TOC):
Chapter 2 Executive Summary
2.1 Concrete admixture industry 360° synopsis, 2016 – 2026
2.1.1 Business trends
2.1.2 Product by application trends
2.1.3 Application trends
2.1.4 Regional trends
Chapter 3 Concrete Admixture Market Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2016 – 2026
3.3 Industry ecosystem analysis
3.3.1 Raw material analysis
3.3.2 Manufacturing trends
3.3.3 Profit margin analysis
3.3.4 Value addition
3.3.5 Distributor channel analysis
3.3.6 Vendor matrix
184.108.40.206 List of key raw material suppliers
220.127.116.11 List of key manufacturers/distributors
18.104.22.168 List of key/potential customers
22.214.171.124 List of key service providers
3.3.7 Innovation & sustainability
126.96.36.199 Patent analysis
3.3.1 Technology landscape
3.3.2 Production process
3.3.3 Comparison of manufacturing techniques
3.3.4 Future trends
3.4 Industry impact forces
3.4.1 Growth drivers
188.8.131.52 Global drivers
184.108.40.206.1 Rapid rate of urbanization across the globe
220.127.116.11.2 Rising government initiative for better infrastructure development
18.104.22.168 Regional drivers
22.214.171.124.1 Revival of the U.S. and European construction industry
126.96.36.199.2 Rapidly growing construction industry in Asia Pacific
188.8.131.52.3 Rising investment in the construction industry in the Middle East
3.4.2 Industry pitfalls and challenges
184.108.40.206 Rising product prices
220.127.116.11 Lack of skilled labor and lack of awareness about admixture in the unorganized construction sector
3.5 Regulatory trends
3.5.3 Saudi Arabia
3.6 Growth potential analysis
3.7 Regional price trends
3.7.1 Cost structure analysis
18.104.22.168 R&D Cost
22.214.171.124 Manufacturing and Equipment cost
126.96.36.199 Raw Material Cost
188.8.131.52 Distribution Cost
184.108.40.206 Operating Cost
220.127.116.11 Miscellaneous Cost
3.7.2 Price by product
3.7.3 Price by end-user
3.8 Competitive landscape, 2018
3.8.1 Company market share analysis, 2018
3.8.4 Brand analysis
3.8.5 Key stakeholders
3.8.6 Strategy dashboard
3.9 Porter’s analysis
3.9.1 Supplier power
3.9.2 Buyer power
3.9.3 Threat of new entrants
3.9.4 Threat of substitutes
3.9.5 Industry rivalry
3.10 PESTEL analysis
Browse complete report table of contents @ https://www.gminsights.com/toc/detail/concrete-admixtures-market
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