Construction Additives Market | Key players operating in the market include BASF, Sika, Dow, W.R. Grace, RPM International

According to recent market research "Construction Additives Market by Type (Chemical (Plasticizers, Air-entraining, Waterproofing, Retarding agent), Mineral, Fiber), End-use Sector (Residential, Commercial, Infrastructure), and Region - Global Forecast to 2022", The construction additives market size is estimated to grow from USD 20.70 Billion in 2017 to USD 28.95 Billion by 2022, at a CAGR of 6.94%. The market is projected to witness significant growth in the next few years with increasing demand for new constructions due to rapid urbanization and industrialization with large-scale investments in commercial and infrastructure sectors. The rising number of construction activities in emerging economies and the increasing inclination toward sustainable construction methods are increasing the reliance on modern construction techniques, thus creating growth opportunities for the construction additives market.

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The commercial sector dominated the market in 2016 and is projected to be the fastest-growing end-user sector in the next five years. As a result of rapid urbanization and industrialization, this market is mostly driven by the upward surge in the demand for new constructions across the world. The increasing public and private investment in the infrastructure sector of the emerging economies of Asia Pacific, the Middle East, and South America are drivers of this growth.

The utilization of chemical concrete additives such as plasticizers, accelerating agents, retarding agents, air entraining agents, and waterproofing additives provide flexibility to the designers to modify and enhance the physical as well as chemical properties of concrete. The market for chemical additives is growing at the highest rate due to various factors that include compressive strength, durability, surface finish, and resistance to withstand adverse climatic and working conditions as per design specifications/requirements without compromising the quality of the concrete structure.

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Construction additives are natural or synthetic materials or chemicals that are mixed into binding agents, mortars, and concretes to add the required properties to the finished product. Construction material has a fast-setting property; thus, it is widely used in the construction materials to reduce the construction time. MarketsandMarkets projects that the construction additives market will grow from USD 20.70 Billion in 2017 to USD 28.95 Billion by 2022, at a compound annual growth rate (CAGR) of 6.94%. The increase in demand for construction additives from commercial and infrastructural sectors is driving the growth of the construction additives market.

The key players in the construction additives market include BASF (Germany), Sika (Switzerland), Dow (US), W.R. Grace & Co. (US), RPM International (US), CHRYSO (France), EvonikIndustries (Germany), Mapei S.p.A. (Italy), Fosroc International (UK), and CICO Group (India). These players have adopted various strategies to expand their global presence and increase their market share. Mergers & acquisitions, expansions, and new product launches are some of the major strategies adopted by the market players to achieve growth in the construction additives market.

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BASF is focused on maintaining a presence throughout the construction value chain through urban planning, property development, design, legal, and financial engineering; and secondly, by developing sustainable structures that take into consideration the technical, environmental, and social issues related to the project. In 2016, the company expanded its business in Kharagpur, India by establishing a new concrete admixture plant with the aim to fulfil the growing demand for high-quality construction chemicals generating from the eastern part of India. The company has a strong international presence, which contributes to nearly half of its sales. It has a vast experience in managing complex projects and has the capacity to adapt to the changing markets.

Sika’s businesses are supported by a wide marketing and distribution network and have established a reputation thereby gaining strong customer support. In 2015, the company acquired the remaining shares of Addiment Italia (Italy) from its joint venture partner Buzzi Unicem.

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