Cement additives are majorly being utilized in the residential, commercial as well as in the industrial building construction whereas, it is utilized in the cement to developed its functioning. They are demanded to develop several properties of the cement such as chemical resistance, color, developed strength, water reduction, water proofing and several others. Moreover, the cement additives are denoted to as the chemical formulations that are added to concrete or cement in the minor amount in order to meet the needs regarding to the functional factors and aesthetic of the commercial and residential structure. Furthermore, many of the players in this market are doing significant developments in the technology for developing the properties and decreasing the usage of different chemicals along the water which further benefitted for increasing the demand and leading the fastest market growth with the handsome amount of share around the globe more positively.
According to the report analysis, ‘Global Cement Additives Market, Size Study, by Type (Chemical, Mineral, and Fiber), by Function (Water reducers, Coloring agents, Retarding agents, Chemical resistance, and Plasticizers), and Regional (North America, Europe, Asia Pacific, Latin America, and Rest of the World) Forecasts, 2017-2025 (USD Billion/Million)’ states that there are several key players which are recently functioning in this sector more actively for dominating the high value of market share and registering the fastest market growth throughout the forecasted period across the globe while decreasing the construction time, improved construction quality and lower utilization of water includes AkzoNobel NV, Sika AG, Dow Chemical Co., USG Corporation, BASF, Kao Corporation, Lanxess AG, Bekaert, Halliburton, and several others. Moreover, many of the players in the market are investing the high amount of money for increasing the construction activities and spreading awareness which further benefitted for generating the high amount of revenue around the globe during the short span of time.
The Global Cement Additives Market industry appreciated approximately USD 17.55 billion in 2016 is projected to increase with a healthy growth rate of more than 8.82% over the forecast period of 2017-2025. Moreover, the global market of cement additives is divided among the different sectors which majorly includes type, function and region. Whereas, based on the type, the market is further segmented into chemical, mineral and fiber while, on the basis function, the market is split into water reducers, coloring agents, retarding agents, chemical resistance and plasticizers. Nevertheless, on the basis of region, the market is spread around the globe which majorly includes North America, Europe, Asia Pacific, Latin America and Rest of the World.
Additionally, it is predicted that the North America is the leading region around the globe in the terms of market share and revenue whereas, with the significant acceptance of new and innovated technologies the Asia Pacific region is also predicted to lead the market growth during the forecasted period. Furthermore, the major aspects driving the growth are increasing requirements in infrastructure development, construction, dynamically escalating needs in the Asia Pacific region. Therefore, in the near future, it is anticipated that the market of cement additives will increase around the globe more positively over the recent few years.
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Ankur Gupta, Head Marketing & Communications