Aug 05, 2021 The global concrete admixtures market is estimated to grow at ~6% CAGR over the forecast period, i.e., 2022 – 2030. The growth of the market can be accredited to the rapid recovery in the construction industry post-coronavirus pandemic, along with the increasing construction activities in the world. Concrete admixtures are the additives used while mixing the concrete, to enhance the performance of cement, along with some additional desired properties, such as, speed up hydration, wide temperature tolerance, and corrosion resistance, among others.
The various advantages provided by the admixtures can fasten the construction process and save significant amount of money. This is estimated to boost the market growth. In addition to this, the construction industry is currently growing at a rapid pace to recover the losses and compensate for the halt caused due to the COVID-19 pandemic, which is estimated to create generous growth opportunities for the concrete admixtures market. The construction industry valued at almost USD 12,000 billion in 2019, witnessed a dip to around USD 11,500 billion in 2020. The industry is estimated to recover the losses and regain the value of around USD 12,000 billion by the end of 2021.
The global concrete admixtures market is segmented by type into retarders, accelerators, bonding agents, corrosion inhibitors, and others out of which, the accelerators segment is anticipated to hold notable share over the forecast period on account of their properties to accelerate the hydration process of concrete. Faster hardening 0f c0ncrete can speed up the process of construction significantly, which is one of the major growth factors for this segment. Meanwhile, the retarders segment is also estimated to garner substantial market share over the forecast period, owing to the rising application of retarders in large or difficult pours.
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