Rise in Construction Activities Expected to Drive Cement and Concrete Additives Market over the Forecast Period: Ken Research

Cement and concrete additives are materials added to cement for an optimization of cement properties & cement grinding process. The fundamental purpose of these additives is to improve the functional characteristics of the cement & concrete and therefore improve the longevity & stability of the respective construction. They are mainly used to modify the properties of hardened concrete, integrity upon hardening, and their reaction to water & air. The additives are classified into different product groups for instance strength enhancers, grinding aids, and performance enhancers.  The additives ensure that the concrete preserves its quality & properties during mixing, placing, transporting, and curing. Additionally, they reduce the cost of construction & water content, and tend to be more stable over an extensive range of temperatures.

Global Cement and Concrete Additives MarketAccording to study, “Cement and Concrete Additives Market Research Report: by Type (Chemical Additives, Mineral Additives, Fiber Additives), by Application (Residential Construction, Commercial Construction, Industrial, Others), and Region-Forecast to 2023” the key companies operating in the cement and concrete additives market are Sika AG, Cementaid, BASF SE, Borregaard LignoTech, GCP Applied Technologies Inc. (WR Grace & Co.), Yara International ASA, CEMEX S.A.B. de C.V., Ashland Inc., Euclid Chemical Company, CICO Technologies Ltd., MAPEI SpA, Pidilite Industries, Elkem ASA, Oscrete Construction Products, RPM International Inc., Fosroc Inc.

Based on type, cement and concrete additives market is segmented into mineral additives, chemical additives and fiber additives. Mineral additives include slags, fly ash, limestone and others. Chemical additives include plasticizers, coloring agents, admixtures, retarders and others. Additionally, fiber additives include glass, ceramic, steel, polypropylene and others. Chemical additives dominate the market owing to application of chemical-based additives for instance water reducers and high-value plasticizers in self-consolidating concrete in huge volumes. In addition, based on application, market is segmented into commercial construction, residential construction, industrial construction and others (waterways, bridges, parks, and roads).

The cement and concrete additives market is driven by rise in demand for high-performance construction materials, followed by surge in global construction industry, rise in efforts from various governments to make their construction industry smarter & future-proof and increase in investments in infrastructure. However, sluggish growth of construction industry in Western & Northern Europe may impact the market. Moreover, increase in use of ready-mix concrete in developing economies and rise in adoption of 3D concrete printing structure in the construction industry are key opportunities for market. Furthermore, rise in focus on new product development & business expansion and growth in emphasize on the use of sustainable cement products are major trends for market.

Based on geography, the Asian-Pacific region holds major share in cement and concrete additives market owing to growth in population & urbanization, increase in disposable income and new & technologically advanced construction materials or mechanisms in the region. The European and North-American regions are projected to witness higher growth rate due to increase in living standards of people and rise in demand for highways, bridges, houses, sidewalks, and skyscrapers applications over the forecast period. In upcoming years, it is expected that the market will be reached at rapid pace as a result of growth in expenditure on research activities for development of improved construction chemicals during the forecast period.

To know more, click on the link below:

Global Cement and Concrete Additives Market 

Related Reports:-

Global Cement & Concrete Additives Market Report 2019, Competitive Landscape, Trends and Opportunities

Global Cement & Concrete Additives Market Status and Future Forecast 2015-2024

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Ken Research

Ankur Gupta, Head Marketing & Communications



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