Global Cement and Concrete Additive Market Size, Share, Growth, Trends, Demand and Development in Coming Years

The global cement and concrete additives market was valued at USD 21,629.3 million in 2019, growing at a CAGR of 8.03%.

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Cement and concrete additives have been added to cement and concrete in several cases to enhance their properties. The improved characteristics of cement and concrete additives may include their toughness, integrity after hardening and reaction to water and air. Cement and concrete additives have a basic aim of improving the functionality of cement and concrete, thereby improving the longevity and stability of each building.

The additives are applied to a mixture of water-cement to improve concrete longevity, to control and harden the concrete and to correct the overall concrete behaviour. Powdered or liquid additives may be available. Two additives, chemical and mineral additives, are available. Their use depends on the contractor's wish.

Expansion of building projects such as roads, bridges and constructions in urban areas is anticipated to attract demand for cement and concrete additives. In addition, increasing complexity of exterior and interior design can concentrate on research and development of new additives and building chemicals.

It is also expected that the cement and concrete additives market will be driven by increasing demand for smart materials in construction projects and initiatives from many governments to improve the intelligence and protection of their building industries.

The global market for cement and cement additives over the forecasts would likely be driven by higher demand for high-performance building projects, including in advanced buildings and creative buildings.

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Globally speaking, growing investments in infrastructure and the growth of the construction industry are expected to drive this market. In emerging economies such as China, India and Brazil, massive investment in infra-structure projects is expected to provide sufficient opportunities to expand the cement and concrete additive market in the prediction period.

The introduction of stringent regulations by various governments limited the use of toxic chemicals in construction chemicals and the development of the cement additive industry is anticipated to be hindered by strict conformity requirements.

Competitive Landscape and Key Players of the market

Some of the world's leading players in cement and concrete additives are:

Lafarge, Cement Australia Holdings Pty Ltd.
Concrete Additives & Chemicals Pvt. Ltd.
BASF SE
Birla Corporation
Engro Corporation Limited
Sika AG
LANXESS
Huntsman International LLC
Chevron Phillips Chemical Company
Kao Corporation

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