[FURL=https://www.industryarc.com/Report/18521/cement-accelerators-market-research-report-analysis.html?utm_source=briefingwire&utm_medium=Pressrelease&utm_campaign=Paidpressrelease]Cement Accelerators Market[/FURL] size is forecast to reach $1.5 billion by 2026, after growing at a CAGR of 10.1% during 2021-2026. A cement accelerator is an admixture which is used in concrete, mortar, rendering or screeds to increase the speed of work. Calcium nitrate, calcium chloride, and others are used in concrete as a multifunctional additive as set accelerator, plasticizer, long term strength enhancer, antifreeze admixture, and others and this tends to drive the consumption of cement in the building and construction sector. Hence there is increasing demand for cement, the cement accelerators market is witnessing an increase in demand. However, implementation of governments stringent initiatives/schemes/regulations towards housing or construction will further enhance the overall market demand for cement accelerators during the forecast period.Key Takeaways
Asia-Pacific dominates the cement accelerators market owing to increasing demand from applications such as airports, roads and others industries.
The growing usage of concrete, mortar, rendering or screeds is likely to aid in the market growth of cement accelerators.
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Cement Accelerators Market Segment Analysis - By Geography
APAC has dominated the cement accelerators market in the year 2020 and is expected to grow at a CAGR of 8.1% during the forecast period, owing to the growing industries and residential purpose. China & India are the major countries in this region, owing to the growing infrastructure in this region. However, the ongoing trade war between china and USA is expected to migrate many companies from China to other South Asian countries. According to the Indian Brand Equity Foundation (IBEF), India’s aviation industry is expected to witness US$ 4.99 billion (Rs. 35,000 crore) investment in the next four years. The Indian Government is planning to invest US$ 1.83 billion for development of airport infrastructure along with aviation navigation services by 2026. Hence these investment is expected to drive the market growth for cement accelerator.
Cement Accelerators Market Drivers
Growing demand for Green Building
Faster Setting of Concrete
Cement Accelerators Market top 10 companies are Sika AG, BASF SE, Fosroc Ltd., Denka Company Limited, GCP Applied Technologies Inc., Cormix International Limited, CEMEX Group, MAPEI SpA, RPM International, Inc., Krishna Colours & Constchem Pvt. Ltd., Arkema SA, CICO Group, among others.
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