The report concrete admixtures construction chemicals market by type (mineral, and chemical.), by application (residential, commercial, infrastructure, and repair structure), and by region (North America, Europe, Asia Pacific, Middle East & Africa and South America) is expected to reach US$ 16.54 Bn by 2026, at a CAGR of 5.41 % during a forecast period.
Rapid urbanization in emerging economies and increasing awareness regarding energy conservation & sustainable infrastructure are major opportunities of the market. The fast growth of the global construction industry and rising conformity with latest manufacturing standards are boosting the growth of the market. Lack of consumer awareness and the absence of benchmark regulations are limiting the growth of the global concrete admixtures construction chemicals market.
The concrete admixtures construction chemical market in Asia-Pacific is projected to grow at the highest CAGR and leading the market in terms of revenue.
The concrete admixtures construction chemical market in Asia-Pacific is projected to grow at the highest CAGR and leading the market in terms of revenue owing to the developing countries, such as China and India. Due to the growing urbanization and industrialization Asia-Pacific offer lucrative opportunities to market players.
Residential segment is the most lucrative segment in the concrete admixtures construction chemicals market and is expected, to grow at the significant CAGR during the forecast period.
Residential segment is the most lucrative segment in the concrete admixtures construction chemicals market and is expected, to grow at the significant CAGR during the forecast period owing to the high demand in response to the perennial urbanization globally. Construction organizations initiate a comparatively larger number of residential projects with high-grade construction materials to provide improved structural integrity and sustainability.
Key player operating in the global concrete admixtures construction chemicals market are Arkema SA, Ashland Inc, Basf Se, Dow Chemical Company, Fosroc International Ltd., Mapei S.P.A., Pidilite Industries Limited, Rpm International Inc., Sika Ag, and R. Grace & Co.
Maximize market research, a global market research firm with a dedicated team of specialist and data has carried out extensive research about the global concrete admixtures construction chemicals market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making the informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global concrete admixtures construction chemicals market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global concrete admixtures construction chemicals market positioning of competitors.
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