According to a new report published by UnivDatos Markets Insights, 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 analysis has been segmented into Type (Air-Entraining Admixture, Water-Reducing Admixture, and Retarding Admixture); Form (Liquid, and Powder); Region/Country.

The concrete admixture market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the concrete admixture market. The concrete admixture market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the concrete admixture market at the global and regional levels.

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Key Market Opportunity

Government and civil society initiatives promote the concrete admixture market – the factors hindering access the to concrete admixture market after being identified by the government promote concrete admixture. The factors include lack of access, unawareness, and social restrictions. The government is targeting each one of these factors with a multi-pronged approach. The initiatives aim to create concrete admixture market awareness and remove the social stigma. The government is partnering with multi- national company and influential people to increase its reach. They offer free consultations through research centers and websites as a part of their schemes. The government is offering subsidized to make them accessible and affordable. They are using technology to reach the last mile benefiting from the development and maturation of concrete admixture. Such a comprehensive and holistic approach will offer lucrative opportunities for the market.

COVID-19 Impact

Several industries including consumer goods, faced unprecedented challenges due to the outbreak of the COVID-19 pandemic. The shortage of raw materials and labor, shutdown of factories, and other operational difficulties induced by safety protocols adversely affected the concrete admixture market. However, vaccination drives have led to a rise in business activities worldwide. The economies are reviving their operations. Thus, the demand for concrete admixture is expected to rise globally in the coming years.

·        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

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 Hydrogen Electrolyzer Market Geographical Segmentation Includes:

·        North America (U.S., Canada, and the Rest of North America)

·        Europe (Germany, UK, Spain, France, Italy, Rest of Europe)

·        Asia-Pacific (China, Japan, India, and  Rest of Asia-Pacific)

·        Rest of the World

The Asia Pacific held the major share in the admixture market owing to large consumption of concrete in the regional countries due to large number of residential and non-residential construction activities. Countries like China consumed around 2.28 billion tons of cement in 2020. To create a particular type of concrete, a significant amount of admixture is also needed because a considerable portion of the cement used in the concrete is employed in it. The market for concrete admixtures in the area is expanding quickly as a result of urbanization. Increasing public and private sector investments in infrastructure development can increase the construction market, and nations like India and China are anticipated to lead the demand for concrete admixtures in the APAC area over the course of the forecast.

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the concrete admixtures market. The major players have been analyzed by using research methodologies such as Porter’s Five Forces Analysis for getting insight views on global competition.

Recent Developments:

·        In May 2023, Sika AG completed the acquisition of MBCC Group, an affiliate of Lone Star Funds, a global private equity firm, thereby becoming the undisputed market leader in the chemical admixtures industry. In order to close the transaction and comply with the regulatory requirements, Sika AG sold MBCC Group’s chemical admixtures assets in the UK, the USA, Canada, Europe, Australia, and New Zealand to Cinven, the international private equity firm.

·        In September 2022, Saint-Gobain purchased all the GCP Applied Technologies shares that were still in circulation in September 2022 for US$ 32 per share in cash. As a result, the Chryso businesses will merge with the GCP businesses, which principally comprise of concrete admixtures and cement additives, and join the High-Performance Solutions division. Chryso, a major player in the worldwide construction chemicals market, was acquired by Saint-Gobain earlier,

Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the concrete admixtures market?

• Which factors are influencing the concrete admixtures market over the forecast period?

• What are the global challenges, threats, and risks in the concrete admixtures market?

• Which factors are propelling and restraining the concrete admixtures market?

• What are the demanding global regions of the concrete admixtures market?

• What will be the global market size in the upcoming years?

• What are the crucial market acquisition strategies and policies applied by global companies?

• What are the descriptive profiles of key companies along with their SWOT analysis?

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