Cortec® is proud to be listed as a key market player in the 2024 Concrete Admixture Market: Global Forecast 2024-2030 published by 360iResearch. The report offers insight into important market drivers and opportunities that harmonize with Cortec’s trajectory in the field of MCI® (Migrating Corrosion Inhibitor™) admixtures and signal exciting opportunities for continued growth.

A Growing Market
According to 360iResearch, the 2023 admixture market was valued at $20.26 billion USD. It is expected to reach $33.23 billion by 2030 with an estimated CAGR of 7.31%. This market covers all admixtures, including corrosion inhibitors, set retarders, superplasticizers, and water-reducers. While growth is expected across the globe, the largest market will continue to be Asia, which is experiencing escalating urbanization and spending on infrastructure. 360iResearch identifies increased construction and the demand for durability, performance, and sustainability as key drivers of the admixture market. Not only is the market asking for structures that last longer and theoretically reduce the need to create more new concrete (a process with high-CO2 emissions); there is also rising interest in using biobased admixtures to leave behind a better environmental footprint.

Cortec’s Place in the Admixture Market
The 360iResearch report identifies Cortec® as both a key player and a “Pathfinder” in the admixture market. These designations are significant in a market that comprises a wide variety of admixtures and relegates 60% of the players into the category of “Others” that go unnamed. Understandably, large public chemical companies such as DOW, which offer a broad general selection of admixtures, take the largest market share, making it even more impactful to know that Cortec®, a private specialty admixture company, stands out among chemical and construction material giants. While the report suggests that Pathfinders stand to benefit from more business strategy development, it also notes that they serve as potential challengers to “Forefront vendors” because of their innovative products. The report also draws attention to Cortec’s many MCI® DOT approvals.

Ready to Meet Demands
Cortec® is well-poised to meet the demands of today’s construction market as outlined in the admixtures report. In terms of sustainability, the main purpose of MCI® admixtures is to extend the service life of reinforced concrete structures by mitigating corrosion, one of the primary enemies of concrete longevity. Furthermore, while other biobased admixtures have recently emerged on the market, Cortec® remains the leader in biobased corrosion inhibiting admixtures, offering the only USDA Certified Biobased Product (MCI®-2005) of its kind.

MCI® admixtures also stand out in terms of compatibility and ease of use. As noted in the admixture report, the former is a major challenge because admixtures often change the workability, set time, and strength gain of concrete. However, contractors typically find that MCI® admixtures do not negatively affect concrete properties and do leave mixes very easy to work with. Moreover, with Cortec® distribution centers located in all major regions of the world, end users are well-equipped to source MCI® for construction projects in the Asia-Pacific, Europe, the Middle East, Africa, and the Americas.

Get Involved in the Admixture Market
The admixture market is on the brink of exciting opportunities that call for sustainability and durability features like those offered by MCI®. Cortec® is therefore uniquely positioned to continue making its mark among all key players, both large and small. Contact Cortec® today to learn more about taking advantage of Migrating Corrosion Inhibitors in this dynamic construction market.

India’s steel production is projected to experience a remarkable surge of 32.9% by 2030, with the increasing utilization of ferrous scrap playing a pivotal role in this growth and the broader decarbonization efforts in the industry. As the demand for steel rises, the focus is shifting towards more sustainable practices that reduce carbon emissions and promote circular economy principles.

The growing reliance on ferrous scrap, which is derived from recycled steel products, is seen as a critical strategy to minimize the carbon footprint of steel manufacturing. This shift not only helps in conserving natural resources but also significantly reduces energy consumption and greenhouse gas emissions associated with traditional steel production methods. By integrating recycled materials into the production process, India aims to create a more resilient and environmentally friendly steel industry.

Industry experts emphasize that adopting innovative technologies and efficient recycling processes will be essential for achieving these ambitious targets. The Indian government is actively promoting policies that support the steel sector’s transition towards greener practices, which includes investments in advanced recycling facilities and research into low-carbon production methods.

Additionally, the surge in steel production is expected to drive economic growth, creating jobs and enhancing the overall industrial landscape in India. As the country continues to modernize its infrastructure and urbanize rapidly, the demand for steel is set to increase, further underscoring the importance of sustainable production practices.

Overall, India’s strategy to leverage ferrous scrap in steel production not only addresses immediate economic needs but also aligns with global efforts to combat climate change, positioning the country as a leader in sustainable industrial practices. This approach is anticipated to pave the way for a greener, more efficient steel industry, contributing to both national growth and global sustainability goals.

Several leading cement firms are competing to acquire a controlling stake in HeidelbergCement India as the German parent company, HeidelbergCement AG, considers selling its Indian operations. With this potential sale, major players in the cement industry are vying for the opportunity to expand their market presence and gain a strategic foothold in one of the world’s fastest-growing construction markets.

The sale has attracted substantial interest from key industry players due to the strategic importance of HeidelbergCement India’s assets. These include production plants located in prime regions of the country, which are essential for meeting the growing demand for cement in infrastructure and construction projects. This acquisition would allow the buyer to increase its capacity and market share, positioning itself more competitively in the Indian cement industry.

The cement sector in India has seen a surge in mergers and acquisitions in recent years, driven by the need to scale operations and meet the growing demands of the infrastructure sector. HeidelbergCement India’s stake sale is expected to further consolidate the industry, with bidders seeking to leverage the company’s assets to enhance distribution networks, increase production capacities, and tap into the booming construction sector.

For HeidelbergCement AG, the stake sale is part of its strategy to streamline operations and focus on core markets. The divestment in India would allow the company to reallocate resources and potentially pursue growth opportunities in other regions. As the competition intensifies, the acquisition is set to be a pivotal move for the winning bidder, giving it access to vital assets in one of the world’s largest and most dynamic construction markets. The outcome of this acquisition will likely reshape the competitive landscape of the Indian cement industry.