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Over the next five years the global concrete admixtures industry has been forecast to grow at a compound annual growth rate (CAGR) of 9.91%, increasing from a market value of $9,402 million in 2012 to be worth $15.079 million in 2017.
Growth within the global concrete admixtures industry is being fuelled by the improving quality of construction in developing economies, increasing demand for buildings, roads, bridges, tunnels, and water retention structures, reduction in water usage, and construction time.
Concrete admixtures are widely preferred in the construction industry as they offer enhanced properties such as; improved compressive or flexural strength, decreased permeability; reduction in shrinkage, and increased cement efficiency compared to conventional concrete.
As of 2012, Asia-Pacific leads the concrete admixtures industry in terms of consumption volume followed by the Middle East and Africa region, Europe, and North-South America.
The increasing construction activities in Asia-Pacific and the Middle East regions are one of the main drivers for the increasing consumption of concrete admixture globally.
Some of the key players dominating the global concrete admixtures industry includes; BASF (Germany), the largest diversified chemical company in the world. CICO Technologies Ltd (India), a producer and marketer of groundbreaking, intelligent and reliable construction chemicals. The Dow Chemical Company (US), a leader in specialty chemicals delivering products and solutions to sectors such as electronics, water, energy, and coatings, and LanYa Concrete Admixtures Co. Ltd (China), one of the major manufacturers of concrete admixtures in China, that specialises in concrete admixtures' research, manufacturing, and distribution.
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