The global concrete admixture market value is expected to
reach USD 33.6 billion by 2025, according to a new report by Grand View
Research, Inc. Rising investment in the hospitality sector is expected to
propel the market growth.
Major market players are
implementing growth-through-acquisition strategy to increase their market
presence. The market is observing a rise in strategic mergers among key
industry players. For instance, the key merger of the concrete admixture market
in 2016 is the strategic collaboration of the U.S. based Huntsman Corp and
Clariant AG. This merger is anticipated to create a market value of USD 14
billion.
The concrete admixture is largely
used in the construction processes for the building bridges, arches, tunnels,
buildings, road slabs, and others. The construction sector growth is largely
dependent on the emerging countries. Major events generate big infrastructure
reforms. For example, Brazil witnessed heavy investment in infrastructure
sector to uphold the Olympic games held in 2016. Similarly, Qatar is likely to see
major growth in infrastructure development subjected to upcoming FIFA world cup
in 2022.
The water reducing agents such as
plasticizers and superplasticizers are anticipated to dominate the global
concrete admixture market over the forecast period. The water reducing agents
are used to reduce the water content in the concrete by 5% to 12%. The product
is gaining prominence due to its distinct feature to reduce water content while
maintaining workability of the concrete for easy placement and consolidation.
U.S. concrete admixture market
revenue by application, 2014 - 2025 (USD Billion)
Browse full research report on
Concrete Admixtures Market
Further key findings from the
report suggest:
- The global
demand for concrete admixture market was USD 18.4 billion in 2016 and is
expected to grow at a CAGR of around 7.0% over the forecast period to
exceed a total revenue of over USD 33.6 billion by 2025.
- Water
reducing agents was the biggest segment in the market accounting for over
43% of the total revenue in 2016
- Non-residential
and infrastructure was the largest application segment with a demand of
over USD 12.4 billion in 2016, growing at a CAGR of 6.7%
- The APAC is
expected to be the largest regional market with a projected CAGR of 8.5%
over the forecast period
- The industry
is dominated by a few multinational corporations such as BASF SE, The Dow
Chemical Company, and Sika AG. Companies are moving towards strategic
mergers and acquisition to increase their international presence and gain
significant market share.
About Grand View Research,
Inc:
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
No comments:
Post a Comment