ShrinkageReducing Admixtures Market
Shrinkage-Reducing Admixtures Market Scope:
Industry Analysis, Market Size, Growth, Trends Till 2031
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Shrinkage-Reducing Admixtures Market Size and Growth
The Shrinkage-Reducing Admixtures market is experiencing steady growth, driven by increasing construction activities and demand for durable concrete. As of 2023, the market size is estimated to reach approximately USD 2 billion, with a projected CAGR of around 5% over the next five years, reflecting rising awareness of structural integrity.
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Companies Covered
(Covid 19 Impact Covered)
◍ Sika Corporation U.S.
◍ Vitro Minerals, Inc.
◍ BASF
◍ Filtron Envirotech (India)
◍ Euclid Chemical
◍ PremierMagnesia LLC
◍ Mapei S.p.A
◍ DRACO Italiana SpA
◍ CICO Group
The Shrinkage-Reducing Admixtures Market features key players like Sika Corporation, BASF, and Mapei, focusing on product innovation and sustainability. They enhance concrete performance, reduce cracking, and improve durability. Companies like Euclid Chemical and CICO Group contribute through advanced formulations.
Estimated sales revenues include Sika: $10 billion; BASF: $87 billion.
Market Segmentation
By Application
Construction
Dams
◍ Runways
◍ Flooring applications
◍ Decorative concrete
◍ Others
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By Product
Powder
Liquid
Market Growth
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$ X Billion USD
