(I-BusinessNews.Com, July 14, 2021 ) Cement Accelerators Market 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.
COVID 19 Impact
The rapid spread of coronavirus has had a major impact on the global cement accelerator industry as major economies of the world are completely lockdown mode. A global crisis for all sectors including building and construction has slow down the demand for cement accelerator. For an instance, according to the American Road & Transportation Builders Association, almost 16 provinces/states have nixed or postponed projects worth about $5 billion. So, owing to this, the cement accelerator market has declined.
Cement Accelerators Market Segment Analysis – By Type
The chloride accelerator segment holds the largest share in the cement accelerators market in the year 2020 and is expected to grow at a CAGR of 7.5% during the forecast period. Chloride accelerator includes calcium chloride, sodium chloride, others. Calcium chloride (CaCl2), has the ability to accelerate cement hydration and reduce set time by as much as two-thirds. A cement accelerator is an admixture for use in concrete, mortar, rendering or screeds. The addition of an accelerator speeds up the setting time and thus cure time starts earlier. This allows concrete to be placed in winter with a reduced risk of frost damage. So, owing to these qualities the cement accelerator is used during the construction process.
Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=18521
Report Price: $ 4500 (Single User License)
Cement Accelerators Market Segment Analysis – By End-Use Industry
Non-Residential sector has been the primary market for cement accelerators in the year 2020 and is expected to grow at a CAGR of 8.2% during the forecast period. The non-residential sector includes corporate offices, airport runways, railways station platforms and many others. Aircraft runways need to be very strong as the new airplanes have less tolerance for pavement roughness than highway vehicles, and they impose heavier loads on the pavements. According to the Directorate General of Civil Aviation (DGCA) in India, commercial airline fleet grew by 29% in 2019, i.e., from 520 in 2018, the number of commercial aircraft in the country rose to 669 in 2019. So, with the growing demand for fleet, construction works will rise and hence the demand for the cement will also grow. Thus, the cement accelerator market is expected to grow.
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
Growing government initiatives towards green building will lead to the rise in the building and construction sector and this will eventually led to the increase in market growth of cement accelerators. In addition, in September 2020, U.K government had launched a scheme called “The Green Homes Grant”. This scheme is set to help homeowners by funding them the cost of green home improvements and to improve their energy efficiency. The government will be providing two-thirds funding up to $6500 (£5,000 or £10,000) (for low-income homes) to help homeowners make green home improvements. So, initiatives like these will boost the demand for cement accelerator during home making.
Faster Setting of Concrete
Cement accelerators make concrete set faster, as it increases the rate of hydration. At the same time, they provide strength to the concrete. So, the concrete sets earlier in the given time slab. Even during winter seasons, cement accelerators counteract the influence of cold weather, which slows down the curing and setting process. Hence it is preferred to use during the construction process, thus cement accelerator market is expected to grow.
Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=18521
Cement Accelerators Market Challenges
Increase in Drying Shrinkage
Drying shrinkage is contracting of a hardened concrete mixture due to the loss of capillary water. This may cause an increase in tensile stress, which will eventually led to cracking, internal warping and external deflection. All waterproofing cement accelerators reduces the surface absorption and water permeability of the concrete by acting on the capillary structure of the cement paste, hence this led to a drying shrinkage of the concrete. So, in the upcoming time drying shrinkage may become a matter of concern in the market growth of cement accelerators.
Cement Accelerators Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Cement Accelerators market. Major players in the Cement Accelerators Market 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.
Acquisitions/Technology Launches
In May 2019, Sika has completed the acquisition of Parex. Parex is a leading mortar manufacturer with an impressive track record of profitable growth and attractive margins.
In September 2020, BASF closed the divestiture of its Construction Chemicals business to an affiliate of Lone Star, a global private equity firm.
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.
Implementation of stringent government initiatives/regulations/schemes, related to building homes will increase the market demand for cement accelerators in the near future.
Growing problems of drying shrinkage due to the excessive use of cement accelerators will create hurdles for the cement accelerators market.
Related Reports :
A. Specialized Cement Market
https://www.industryarc.com/Report/18109/specialized-cement-market.html
B. Oilfield Cement Additives Market
https://www.industryarc.com/Report/18228/oilfield-cement-additives-market-research-analysis-report.html
For more Chemicals and Materials Market reports, please click here
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.
IndustryARC
Venkat Reddy
(+1) 970-236-3677
venkat@industryarc.com
Source: EmailWire.Com 
