CONCRETE ADMIXTURES MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)

 

Concrete Admixtures Market Analysis:

The estimated size of the Global Concrete Admixtures Market in 2023 is USD 75.93 million, with a projected growth to reach USD 98.49 million by 2028, exhibiting a Compound Annual Growth Rate (CAGR) of 5.34% during the forecast period (2023-2028).

The market was adversely affected by the COVID-19 pandemic in 2020, with restrictions on construction activities, disruptions in the supply chain, and labor shortages having a negative impact on the concrete admixtures market. However, there has been a gradual recovery in 2022, which is expected to benefit the market during the forecast period.

In the short term, the increasing demand from the residential construction sector and rising investments in the infrastructure sector are driving the demand for concrete admixtures. However, the market's growth is hindered by the need for a more skilled workforce and the need for increased awareness among construction industry workers.

Nonetheless, there are growth opportunities in the Middle East and Africa that may serve as potential growth avenues for the concrete admixtures market in the future. The Asia-Pacific region is expected to dominate the market and may also witness the highest CAGR during the forecast period.

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