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Cement Additives Market
Cement Additives Market
The global Cement Additives market was valued at USD 6.4 billion in 2019 and is projected to reach US$ 10.9 billion by 2027 at an estimated CAGR of 6.58%.
The Cement Additives Market is experiencing a period of rapid growth due to increasing demand from the construction industry. Cement additives are materials that are added to concrete during or after its production to enhance its performance and durability. Cement additives are used in a wide range of applications such as waterproofing, sealing, grouting, sealing and repair, fireproofing, and other applications. Cement additives also help to reduce the costs associated with concrete projects by reducing labor demands, material waste, and energy consumption.
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key Companies-
List of some of the prominent players in the global market of Cement additives identified across the value-chain includes-
• Yara International ASA (Norway)
• Sika AG (Switzerland)
• BASF SE (Germany)
• DOW Chemical Company
• China National Bluestar Group Company Limited
• Heidelberg Cement
• Akzo Nobel
• Kao Corporation
• W. R. Grace and Company
• USG Corporation
• Lanxess
• GCP Applied Technologies Inc.
• CEMEX S.A.B. de C.V.
• Elkem ASA
• Fosroc Inc.
• Cementaid
• Borregaard LignoTech
• Oscrete Construction Products
The market research report on the Cement additives presents a comprehensive evaluation containing thoughtful insights, facts, and figures, historical data, future growth trends, statistically supported and industry-validated market information.
Cement Additives Market: Dynamics
Increasing demand from construction industry to bolster the global cement additives market in upcoming future. Rising construction activities and setting up of new infrastructure in developing and least developed countries is estimated to spur the demand for cement additives during the assessment period.
The varied properties of the cement additives that aids to save labour time, water proofing features and reduction in the use of water and enhanced quality of cement is further expected to increase the adoption rate and thereby benefit the cement additives market. Rapid shift to urbanization and the growing population is creating a need for housing and other infrastructural developments which in turn is anticipated to push the market of cement additives in foreseeable future. Moreover, increasing consumer preference for high quality cement to further boost the market growth in upcoming years.
Also, the growth of cement additives is attributed to increasing use of water reducers and plasticizers demand in great performance and SCC areas and increasing applications of the additives in the roofing, exterior walls, doors and windows of residential buildings. Rise in demand for high performance construction projects including advanced buildings structures and innovative construction is estimated to further aid in boosting the demand of cement additives.
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Cement Additives Market: Segmentation
The global diverse market of Cement additives can be segmented based on type, function and application.
Based on type, the global Cement additives market can be segmented into:-
• Mineral additives
• Chemical additives
• Fiber additives
Based on function, the global Cement additives market can be segmented into:-
• Water reducers
• Coloring agents
• Retarding agents
• Chemical resistance
• Plasticizers
• others
Based on application, the global Cement additives market can be segmented into:-
• Residential construction
• Industrial construction
• Commercial construction
• Other construction
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Cement Additives Market: Regional Outlook
Asia-Pacific is expected to be the prominent consumer of cement additives and is expected to maintain its dominance in upcoming future on the back of increasing urbanization and the growing infrastructural development in the developing economies of China and India. China being the largest construction hub is expected to be the prominent consumer of cement additives.
Furthermore, the incentives provided by the China’s government for the use of industrial waste as mineral additive in construction sites would further aid to boost the demand for cement additives in the country.
Growing requirements for the construction of dams, schools, metros, rail lines and roads in developing and least developed countries from Asia-Pacific and Africa is further estimated to increase the demand of the cement additive. Increasing development of innovative structures Middle East is the prominent driver for consumption of cement additives in the region.
In developed regions such as North America and Europe, increased demand of cement for the purpose of renovation and maintenance of infrastructure is boosting the demand of the cement additives. Latin America is anticipated to hold comparatively less share of the cement additives market and is anticipated to grow at relatively lower rate than other regions.
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This release was published on openPR.
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