The global construction chemicals market is anticipated to grow at a considerable CAGR of 7.8% during the forecast period. Concrete admixtures are additives to the concrete mix that are added before or during the mixing process. Concrete admixtures lower the cost of concrete construction by altering the properties of hardened concrete, resulting in higher quality during mixing, transport, placement, and curing. This enables users to deal with unexpected situations during concrete operations. The allowable dose of admixtures in concrete should be less than or equal to 5% by weight of the cement, according to European Standard EN 206-1. In low-dose situations, however, admixture amounts should be less than 0.2% of the cement.
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The additive is usually used in a tiny amount, ranging from 0.005% to 2% of the cement’s weight. Overuse of admixtures, on the other hand, harms the quality of concrete. Admixtures are classified into numerous sorts according to their purpose, including air-entraining, retarding, accelerating, plasticizing, and water reduction, among others. Shrinkage reduction, corrosion inhibition, workability enhancement, alkali-silica reactivity reduction, bonding, coloring, and damp proofing are all functions of the special category admixtures. Due to the tremendous expansion in construction in India, China, and several Southeast Asian countries, Asia-Pacific has the greatest market for concrete admixture. Various government incentives to encourage infrastructure, combined with an expanding residential sector (due to a growing middle-class population), have aided the construction sector’s rise in Asia-Pacific in recent years.
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The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launches, and product innovation to remain competitive in the marketplace. For instance, The demand for concrete admixture is rapidly rising. Manufacturers have begun to respond to this desire by taking action. For instance, in March 2019, BASF introduced the Master X-Seed STE additive for the concrete industry. The product was developed specifically for the Asia-Pacific area, and it improves the development and performance properties of concrete.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By Product
o By Application
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Akzo Nobel N.V., BASF SE, Arkema Group, Mapei S.p.A., Sika AG, SABIC, and the Dow Chemical Co. among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Construction Chemicals Market Report Segment
By Product
- Concrete Admixture
- Concrete Sealants & Adhesive
- Protective Coatings
By Application
- Residential
- Non-Residential
