Construction Additives Market Share & Industry Growth Report, 2020-2027

Growth opportunities in the construction additives market look promising over the next six years. This is mainly due to the rapidly increasing investment in the construction industry, enhanced quality and properties of construction materials, rapid urbanization, protection from environmental hazards, and the constantly growing population.

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Construction Additives Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The crucial factors driving the global construction additive market's growth are the strong demand in developing countries, improved properties, and quality of construction material accompanied by rapid urbanization. It has been observed that urban areas have half of the world's population, particularly in highly dense areas. This change has transformed the way of living, working, and traveling. The rapid growth in the demand for residential, industrial, and commercial areas due to the ongoing population growth requires construction activities, thereby boosting the demand for construction additives throughout the world.

The increasing investment in construction agencies enhances the life of construction work and provides protection against environmental hazards. Government initiatives is supporting the growth of the global construction additives market which includes the expenditure incurred on roads, tunnels, dams, and bridges. However, the inconsistent cost of energy and raw materials might hinder the growth of the market.

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Type Segment Drivers

On the basis of type, market is segmented into chemical, fibre, and mineral. The chemical additives market is augmented to expand at a faster CAGR during the forecast period owing to the multiple properties exhibited by them, such as reduced cost of construction, better quality of concrete during transporting, placing, curing, and mixing, and modifying properties of hardened concrete to overcome certain emergencies at the time of concrete operations.

Regional Drivers

Based on region, North America is anticipated to grow at a higher CAGR over the forecast period, because of high demand from the construction industry, mainly in the U.S. On the other hand, Asia-Pacific is predicted to expand at a faster CAGR over the forecast period. The boost in the market is due to augmenting investment in infrastructure by government of different countries and innovations in construction industry. The demand for construction additives is high in countries such as China, Japan, and India, which further drives the growth of the market in the region. Moreover, the Middle East and Africa are also projected to grow at a higher CAGR during the forecast period owing to the huge demand for commercial and residential constructions.

Construction Additives Market’s leading Manufacturers:

• W.R. Grace & Company
• Fosroc, Inc.
• Sika AG
• Thermax Limited
• Krete Industries, Inc.
• BASF SE
• RPM International Inc.
• Dow Inc.
• PAC Technologies, LLC
• MAPEI S.P.A.

Construction Additives Market Segmentation:

Segmentation by Type:
• Chemical
o Plasticizers
o Air-entraining agents
o Retarding agents
o Waterproofing agents
o Others (Coloring agents, corrosion inhibitors, flame retardants, and fibers)
• Mineral
• Fiber

Segmentation by End-Use:
• Residential
• Commercial
• Infrastructure

Segmentation by Region:

• North America
o United States of America
o Canada

• Asia Pacific
o China
o Japan
o India
o Rest of APAC

• Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe

• RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)

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This release was published on openPR.