Rising Infrastructure Development Activities Necessitate Robust Concrete Admixture Market Demand by 6.1% CAGR through 2032
The global concrete admixture market is anticipated to expand at a robust CAGR of 6.1% over the forecast period between 2022 and 2032, finds Future Market Insights (FMI) in a recent study. The concrete admixture market is likely to be driven by its widespread use in various construction activities to enhance concrete efficiency. The concrete admixture market is significantly driven by certain demographic and macro-economic factors, including urbanization, economic development, construction works, and infrastructure sector development. Concrete admixtures also help in reducing water use and enhancing efficiency, especially during the construction of high rise buildings. Urgent need for water conservation is driving demand for water-reducing admixtures, which is further bolstering the global concrete admixture market. A water-reducing admixture can lower the water content of concrete mix by 15% – 30%. The market for concrete admixtures is thus set to be driven by extensive adoption of w