Concrete Admixture Market to witness massive growth by 2024

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Concrete Admixture Market Regional Analysis and
Forecast during 2019 2024
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• Concrete Admixture Market Scenario

• The exponential growth that concrete admixture
  market has witnessed lately can be aptly credited
  to not only the soaring global construction
  industry but also the concerns about water
  consumption. The construction industry has long
  since debated regarding the issue of water
  consumption a problem which has been
  fractionally resolved by the use of concrete
  admixtures. Using this product is not only
  beneficial in terms of strengthening and
  waterproofing concrete, but also because it
  replaces the use of large volumes of water which
  had been a rather irreplaceable part of
  construction prior to the use of concrete
  admixtures.
• The issue has become even more intense post the
  Business Council for Sustainable Developments
  launch of the Cement Sustainability Initiative in
  2014 to track the use, recycling or discarding of
  water in the construction industry. Indeed, CSI
  was a major initiative in raising awareness about
  addressing the staggering consumption of water in
  the construction industry and opened a growth
  avenue for the use of modern technology in
  lowering water usage. In consequence, this has
  had a commendable impact on concrete admixture
  industry size, pegged at USD 18 billion in 2016.

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• As per authentic estimates, over 30 billion tons
  of Portland cement-based concrete were produced
  in 2011. Ideally, the water to cement ratio in a
  typical concrete preparation can vary between
  0.35 to 0.40 ton of water for each ton of cement.
  This leads to the estimation that 1.3 to 1.5
  billion tons of water is annually consumed during
  the chemical production of concrete. Curing of
  concrete may require up to 28 days and during
  this time, more water is added to the concrete to
  offset water loss through evaporation.
• This further adds to the water consumption of
  ordinary Portland cement and the annual estimate
  of water consumption ends up between 2.15 to 2.6
  trillion liters. These figures provide a clear
  evidence of why the current situation desperately
  demands the use of concrete admixtures.
  Undeniably, the increased use of the product can
  drastically reduce the water scarcity problem the
  construction industry faces as of today.
• The chief disadvantage of superplasticizers is
  slump loss due to long transportation time, hot
  weather and reactive cements. But this drawback
  has been overcome by improved polycarboxylate
  based superplasticizers which not only enhance
  the slump level but also contribute in 40 water
  reduction in concrete formulation, further
  expanding the scope of concrete admixture market.

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• Regional Analysis

• Speaking from a regional perspective, it is
  noteworthy to state that the construction
  industry has registered the most commendable
  growth across the Asia Pacific turf, owing to the
  population explosion in India and China. The
  emerging middle-class populace has further
  stimulated the demand for massive residential
  construction, making APAC one of the most viable
  regions for concrete admixture market. Indeed,
  Asia Pacific accounted for 40 of the overall
  concrete admixture market share in 2016 and is
  expected to hold a commendable proportion of the
  revenue by 2024.

• Competitive Analysis

• Concrete admixture market share is exceedingly
  consolidated, with prominent players accounting
  for over half of the total business size in 2016.
  The major players include CEMEX, BASF, RPM
  International, Bostik, CICO Group, Sika, MAPEI,
  Dow, FOSROC, Euclid Chemical and Cementaid. The
  players are expanding their volume to fulfill the
  growing product demand in the world.

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