With the new initiatives targeting energy conservation and the need for more sustainable infrastructure, your materials are evolving, and they will change how business is done at the construction jobsite in the future.
Case in point: concrete admixtures. The global concrete admixtures construction chemical market is projected to reach at $16.32 billion by 2022.
The primary reasons for this growth include new government initiatives and sustainable infrastructure opportunities in the construction industry, which will require the use of concrete admixtures.
Rapid growth of the construction industry, due to change in lifestyle patterns in emerging countries such as China, India, Brazil, Middle East, and Africa, and due to the rapid economic development and an increase in disposable income, has fueled the growth of the concrete admixtures market. Fast adoption of the latest manufacturing standards globally is expected to increase the penetration level of concrete admixtures.
Admixtures offer high workability, high compressive strength, durability, watertight, wear resistant, and high finish for the complex modern structures, which is expected to drive the growth of concrete admixture market.
A lack of awareness of the long-term benefits of concrete admixtures in contrast to the inexpensive substitutes is expected to hamper the growth of the market.
An increase in government initiatives regarding energy conservation and sustainable infrastructure will open new opportunities during the forecast period.
