Rapid urbanization is driving the Global Concrete Admixtures Market
By the year 2020, migration of rural population to the cities will be underway. The countries of Asia Pacific, Middle East & Africa and South America are estimated to grow at the fastest pace. There will also be growth in the city’s population of the developed countries such as the U.S. and Eu 5 countries (U.K, France, Germany, Italy and Spain) but at a relaxed pace.
Millions are moving into the Asian cities every month with the dream of a ‘prosperous middle class’ life. South American and Middle East and African population is too moving in search of better life. To fulfill the needs of rapid urbanization, the various government and controlling bodies of these countries are working on large infrastructure projects such as commercial projects, residential and industrial design projects to provide this population with employment and better living habitat or homes. The world’s 70 % of concrete admixtures is used by MEA and Asian countries together in 2015.
As per the new resolution made by the United Nations for the betterment of environment of the developing countries China, India and the Middle East are now increasing their efforts to build smart cities, using eco-efficient technologies to reduce their environmental impact. Some of the major cities such as Masdar City in Abu Dhabi, Jaypee Sports City, India and Sejong City in South Korea are just a few of the entirely new smart cities. Despite of Chinese economical slow down, it is expected that China will overcome this situation in next couple years. The slowdown is manifested excess production of cement, steel, coal etc. in the previous years. As per global construction 2025 report around 11 million houses are expected to be built by 2025. Alongside, India is expected to grow with the fastest pace among the other Asian countries during the period 2015 to 2020. The report published my Axiom MRC includes a detailed analysis of the impact of urbanization, housing completion and large infrastructure projects underway across the regions.
Global concrete admixture market is segmented by type of concrete admixtures such as chemical admixtures and mineral admixtures, by applications or end user market which is segmented as residential, commercial and industrial and by geography which cover the markets of North America, Europe, Asia pacific, Latin America and Middle East and Africa.
The report also includes the latest market trends, market developments, drivers and restraints across the geographies. Companies dominating the concrete admixtures market such as BASF, Chryso S.A.S., Cico Technologies Ltd., Fosroc International Ltd, Mapei S.P.A, Pidilite Industries, Rpm International Inc., Sika AG, DOW Chemicals and W.R. Grace & Co are also profiled in the report.
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