Global Concrete Admixtures Market to Grow on the Back of Increasing Number of Construction Activities Worldwide; Market to Grow with a CAGR of 5.92% During 2021-2030
Kenneth Research has released a report titled “Concrete Admixtures Market: Demand Analysis & Opportunity Outlook 2030” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.
The World Bank, in one of its statistics, stated that the total value added (in current US$) by the construction industry globally, touched USD 22.048 Trillion in the year 2020, as compared to USD 17.462 Trillion in the year 2009.
Request sample report: https://www.kennethresearch.com/sample-request-10352358
The statistics portray the growing construction industry worldwide, backed by the surge in the number of construction activities. Over the years, with increasing urbanization, the need for different types of residential and commercial buildings has been on the rise. This rise in construction activities is raising the need for the use of concrete products, which in turn, is anticipated to drive the demand for concrete admixtures.
The global concrete admixtures market is anticipated to grow with a CAGR of 5.92% during the forecast period, i.e., 2021-2030. The market is estimated to garner a revenue of USD 32034.3 Million by the end of 2030. Moreover, in the year 2021, the market generated a revenue of USD 19205.2 Million. The market is segmented by type into water reducing, retarders, accelerators, bonding agents, corrosion inhibitors, and others. The water reducing segment, amongst all the other segments, is anticipated to garner the largest revenue of USD 12844.5 Million by the end of 2030. Additionally, the segment generated a revenue of USD 7719.3 Million in the year 2021.
Regionally, the global concrete admixtures market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa, out of which, the market in the Asia Pacific region is anticipated to garner the largest revenue of USD 12153.8 Million by the end of 2030. Additionally, the market in the region generated a revenue of USD 7232.7 Million in the year 2021.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
However, the lack of awareness about the product, along with the growing concern for drying shrinkage of concrete structures are some of the major factors predicted to hinder the market growth in the coming years.
This report also provides the existing competitive scenario of some of the key players of the global concrete admixtures market, which includes company profiling of Sika AG, Concrete Additives & Chemicals Pvt. Ltd. (CAC), BASF SE, CHRYSO GROUP, TAIWAN CEMENT LTD., Martin Marietta Materials Inc., Holcim Ltd, Fosroc, Inc., HEIDELBERGCEMENT AG, CEMEX S.A.B. de C.V., and others.
The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Concrete Admixtures Market: Demand Analysis & Opportunity Outlook 2030”, analyses the overall global concrete admixtures industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global concrete admixtures market in the near future.
Request sample report: https://www.kennethresearch.com/sample-request-10352358
Kenneth Research is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment, etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
Contact for more Info:
AJ Daniel
Email: sales@kennethresearch.com
U.S. Phone: +1 313 462 0609
