Lucintel's latest market report analyzed that concrete admixture construction chemical provides attractive opportunities in the opportunities in the residential construction, commercial construction, industrial commercial, and infrastructure markets. The concrete admixture construction chemical market is expected to reach $15.4 billion by 2028 with a CAGR of 6.5%. In this market, high range water reducing is the largest segment by admixture type, whereas residential construction is largest by end use industry.
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Based on admixture type, the concrete admixture construction chemical market is segmented into water reducing, high range water reducing, accelerators, alkali/alkali free, air entraining, water resisting, admixtures for mortors& grouts, and retarding admixtures. The high range water reducing segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its water-reducing, strength enhancement, durability, and plasticizing properties.
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The Concrete Admixture Construction Chemical Market is marked by the presence of several big and small players. Some of the prominent players offering concrete admixture construction chemical include BASF, Sika AG, Yara International, Normet Group, CEMEX, and Bostik.
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