Water reducers, retarders, and super plasticizers are admixtures for concrete, which are added in order to reduce the water content in a mixture or to slow the setting rate of the concrete while retaining the flowing properties of a concrete mixture. Admixtures are used to modify the properties of concrete or mortar to make them more suitable to work by hand or for other purposes such as saving mechanical energy.. The use of WRA may accelerate or retard the initial setting time of concrete.
Rate of concrete admixtures market growth is highly influenced by construction industry in developing economies and worldwide markets will hit $18.10 billion by 2020, at a CAGR of 9.15% between 2015 and 2020.The market size in terms of value of water retarding admixture is estimated to be USD 2.52 billion in 2015 and is projected to grow at a CAGR of about 8.16% between 2015 and 2020.Thus, due to demand it is best to invest in this project.
Few Indian major players are as under
· Bharat Chemicals & Fertilizers Ltd.
· Fosroc Chemicals (India) Pvt. Ltd.
· Hindustan Chemicals & Minerals Pvt. Ltd.
· Particle Dynamics Pvt. Ltd.
· Prism Johnson Ltd.
· Thermax Ltd.