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Concrete Admixtures Market Size to Reach USD 31.44 Billion in 2028 | Concrete Admixtures Industry Growth, Share, and Analysis by Fortune Business Insights™

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Pune, India, Jan. 12, 2022 (GLOBE NEWSWIRE) — The global concrete admixtures market size was USD 18.05 billion in 2020. The market is projected to grow from USD 18.09 billion in 2021 to USD 31.44 billion in 2028 at a CAGR of 8.2% during the 2021-2028 period. This information is published by Fortune Business Insights™, in its report, titled, “Concrete Admixtures Market, 2021-2028.”

According to our experts, these admixtures are artificial or natural components, which are used through or beforehand the concrete mixing procedure. The foremost intention of utilizing these admixtures is to offer erosion or oxidization resistance, sturdiness, workability, compressive forte, and appearance capability characteristics to the constructed structures. Therefore, the promptly rising construction industry is expected to augment the implementation of concrete, which in turn shall upsurge the demand for product and bolster concrete admixtures market growth during the forecast period.

COVID-19 Impact-

Commotion in Construction Industry on Sudden Advent of COVID-19 Caused Growth Obstruction

The interruption in the construction industry owing to stringent government limitations employed during the COVID-19 outbreak had a substantial impact on the utilization of concrete admixtures. This pandemic has created ambiguity and unmatched adjournments on construction developments.

Similarly, owing to machinery usage stoppage, the critical scarcity of qualified and experienced workforce, with an added insufficiency of raw supplies, the construction processing business continued to remain sealed. As per a report issued by the United Nations Environment Programme (UNEP) organization, as of the year 2020, the world-wide effect of COVID-19 pandemic on the comprehensive construction industry has been harsh and construction projects have witnessed a decline of 10% – 25% in comparison with the preceding year i.e., 2019.

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List of Key Players Covered in the Market Report

  • Buildtech Products (India)
  • Sika AG (Switzerland)
  • RAZON ENGINEERING COMPANY PRIVATE LIMITED (India)
  • Flowcrete Group Ltd. (India)
  • MBCC Group (Germany)
  • BASF SE (Germany)
  • GCP Applied Technologies (U.S.)
  • RPM International Inc (U.S.)
  • Fosroc International Inc (U.K.)
  • Mapei S.P.A (Italy)
  • CICO Technologies Ltd (India)
  • CHRYSO S.A.S (France)

Report Coverage

We have executed an exclusive research methodology that encompasses of data triangulation based on the renowned bottom-up and top-down methods. Our analysts have led detailed prime research to confirm the projected size of the market. The data exploited to represent the shares for numerous segments at the national, regional, and global levels is mined from complete discussions with numerous shareholders. Our experts have also derived material from funded databases, industry journals, SEC filings, and many such parallel means.

Segmentation:

By Type

• Water reducing Admixtures

• Accelerating Admixtures

• Water Proofing Admixtures

• Retarding Admixtures

• Air Entraining Admixtures

• Others

By Application

• Residential

• Infrastructure

• Commercial

• Industrial

Drivers and Restraints

Rapid Developments in Construction Industry to Stimulate Market Growth

The promptly expanding construction industry in the established, as well as emerging nations, shall provide profitable openings for the concrete admixtures internationally. These admixtures conduct a vital role throughout the construction industry. They are perfect for providing sturdiness, and safeguarding the great eminence of concrete during the mixing procedure, putting, curing as well as transporting. Numerous manufacturers utilize admixtures principally to alter the abilities of hardened concrete and to drop the price of the concrete structures.

Furthermore, the surging authorizing of infrastructural developments attached with the increasing number of commercial as well as residential buildings shall flourish the construction industry. Therefore, similar influences are anticipated to fuel the global market growth amid the mentioned time period. 

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Regional Insights

Swift Infrastructure Development to Boost Growth in Asia Pacific

Asia Pacific held the maximum concrete admixtures market share and was worth USD 11.41 billion in 2020. The speedy infrastructure expansion coupled with the surging demand for reasonable housing facilities by local people has powered the market growth in Asia Pacific. Moreover, in this region, China holds the maximum market share and is the quickest-growing nation.

Europe is expected to witness a steady growth and is linked with the rising necessity for private workplaces at inexpensive costs, thus augmenting the implementation of these admixtures in commercial constructions.

North America is further anticipated to contribute to the market growth primarily owing to the prompt development of the healthcare industry that demands for fresh construction developments of clinics as well as medical establishments. Therefore, this is estimated to offer beneficial prospects for the concrete admixtures usage in this region.

Competitive Landscape

Key Players Use Crucial Tactics to Stimulate Business Development in Construction Industry

The important manufacturers functioning in the market are BASF SE, MBCC Group, and Sika AG. These corporations are tangled in size development, product improvement, and partnerships in the market.

For instance, BASF SE is an international chemical-producing corporation. With its efficient materials & solutions business fragment, the company delivers concrete admixtures based products to its purchaser. Additionally, the company is busy in the R&D activity, procurement, unit enlargement, and product modernization in order to suffice the demand of its clients for these admixtures.

Key Industry Development

April 2021: Sika AG enlarged their production ability for concrete admixtures and has the begun manufacturing of epoxy resins in their Qatar division. This development is likely to sustain Sika in enduring to develop business in this speedily emerging region, further empowering it to profit from the robust expansion of the construction industry.

Browse Summary of This Research:

https://www.fortunebusinessinsights.com/concrete-admixtures-market-102832

Detailed Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Key Emerging Trends – For Major Countries
    • Key Developments: Capacity Expansions, Acquisitions, Partnerships, etc.
    • Latest Technological Advancement
    • Insights on Regulatory Scenario
    • Porters Five Forces Analysis
  • Qualitative Insights on Impact of COVID-19 on Global Concrete Admixtures Market
    • Supply Chain Analysis & Challenges due to Covid-19
    • Steps taken by Government / Companies to Overcome this Impact
    • Potential Challenges and Opportunities due to COVID-19 Outbreak

TOC Continued…!

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https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/concrete-admixtures-market-102832

Have a Look at Related Research Insights :

Concrete Cutting Market Size, Share & Industry Analysis, By Type (Handheld-Cut-Off, Walk-Behind-Push), By Sales Channel (OEM, Aftermarket), By Application (Demolition, Refurbishment) And Regional Forecast 2021-2028

Concrete Blocks and Bricks Market Size, Share & Industry Analysis, By Type (Cement Block, Brick), By Application (Commercial Construction, Residential Construction, Industrial Construction) and regional forecast 2021-2028

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About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping   organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

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Artificial Intelligence

TRON Forum collaborates with four major microcontroller manufacturers to hold TRON Programming Contest Using World-Standard Real-Time OS with 5 million JP YEN cash prize

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TOKYO, March 29, 2024 /PRNewswire/ — TRON Forum (Chair: Ken Sakamura, Professor Emeritus of the University of Tokyo) is pleased to announce that four microcontroller manufacturers, Infineon Technologies Japan K.K. (President & CEO: Ikuya Kawasaki), STMicroelectronics K.K. (Country Manager for Japan: Koichiro Takakuwa), NXP Japan K.K. (President & CEO: Masayuki Wajima), and Renesas Electronics Corporation (President & CEO: Hidetoshi Shibata) have collaborated with the Forum to hold TRON Programming Contest from Monday, December 11, 2023 jointly. The initial registration is being accepted now.

This contest is for engineers and students in Japan and overseas to compete in various  fields such as microcontroller applications, middleware, development environments, and tools using a member of TRON real-time OS (RTOS) family, “μT-Kernel 3.0” (*), which is a global standard of small-scale embedded computer systems.
(*) μT-Kernel 3.0 is an RTOS that fully complies with the real-time OS standard “IEEE 2050-2018” (IEEE Standard for a Real-Time Operating System (RTOS) for Small-Scale Embedded Systems) and runs on microcontrollers from various manufacturers.
Using the latest microcomputer boards provided by the manufacturers, contestants will compete in technologies that bring out the characteristics of RTOSs such as real-time performance, power saving, and small memory footprint, as well as development environments and tools that utilize new technologies.
The details of the contest with the total amount of cash prize, five million Japanese yen are at the following URL: https://www.tron.org/programming_contest/
About TRON Forum
TRON Forum was established in 2002 to promote TRON Project. We have been actively conducting activities centered on the T-Engine project, which prepares the development environment for embedded systems, and the operation of Ubiquitous ID Centers such as ucode.
In May 2015, Chair Sakamura received the ITU 150th Anniversary Award together with Bill Gates and others for his advocacy of open architecture TRON, which is the origin of ubiquitous networking and the IoT.
One member of the TRON RTOS family has been adopted as an international standard for real-time operating systems (RTOS) for small-scale embedded systems as 2050-2018 by Institute of Electrical and Electronics Engineers (IEEE), the world’s largest association of its kind and an international standardization organization. In 2023, the project leader, Chair Sakamura, received the IEEE Masaru Ibuka Consumer Technology Award from the IEEE in honor of the late Mr. Ibuka. In addition, the TRON RTOS family received the IEEE Milestone recognition in 2023.
URL: https://www.tron.org 
 
 

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Artificial Intelligence

XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

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CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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