Cement Accelerators Market Size Forecast to Reach $1.5 Billi… – MENAFN.COM

Cement Accelerators Market Size Forecast to Reach $1.5 Billi… – MENAFN.COM

(MENAFN - GetNews) Growing Usage of Concrete, Mortar, Rendering or Screeds Is Likely to Aid in the Growth of Cement Accelerators Market . 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. 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