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According to the latest report by IMARC Group, titled “ Concrete Admixtures Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
” the global concrete admixtures market reached a strong growth in 2021.
An admixture represents a natural or chemical substance that is added to the concrete, in addition to water, cement, aggregate, etc., to alter its properties. Fly ash, retarders, silica fume, plasticizers, accelerators, air entering mixture, synthetic calcium-silicate-hydrate (CSH), superplasticizers, etc., are some of the commonly utilized concrete mixtures. They offer several benefits, such as finish ability, durability, water reduction, accelerating strength, corrosion inhibition, compressive strength, etc. In line with this, concrete admixtures aid in improving the quality during the stages of transport and mixing, ensuring specific required properties of cured concrete are met, and eliminating adverse chemical reactions, thereby minimizing the overall costs of building construction. Consequently, they are extensively used in industrial amenities, surface transportation infrastructure projects, social and commercial complexes, etc.
The growing construction of residential buildings is primarily driving the concrete admixtures market. Additionally, the widespread product adoption to modify the properties of hardened concrete and ensure its quality during mixing, transporting, placing, curing, etc., is further catalyzing the market growth. Besides this, the rising utilization of plasticizers in industrial and commercial structures, as they assist in reducing water content from concrete and offer high durability and strength, is positively influencing the global market.
Moreover, the launch of various favorable policies by the government bodies across countries to promote infrastructural development is acting as another significant growth-inducing factor. Apart from this, the introduction of durable and environmentally friendly product variants is anticipated to fuel the concrete admixtures market over the forecasted period.
Looking forward, the market value is projected to reach a strong growth during the forecast period (2022-2027).
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