Cement and Concrete Additive Market 2022 - Industry Segment, Drivers, Trends, Forecast to 2028- Yara International ASA (Norway), GCP Applied Technologies Inc.

Cement and Concrete Additive Market report helps in making informed business decisions by having complete insights of market and by making a comprehensive analysis of market segments. This recent research compilation on the Cement and Concrete Additive Market is a versatile and future-ready analytical survey that replicates trend assessment, an in-depth assessment of market valuation and revenue-generating trends with information on profit models, Swot examination, competition spectrum, and associated vendor strategies illustrated by major players and market participants contributing by aggressively investing in the global Cement and Concrete Additive market to secure a competitive advantage amid staggering competition, potential threats from new entrants, as well as technological innovations leading to market substitutes.

The Cement and Concrete Additive Market is expected to register a CAGR of 6.1% over the forecast period 2022 - 2028.

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Key Market Trends

Residential Construction Sector to Dominate the Market

Growth in population, migration from hometowns to service sector clusters, and the growing trend of the nuclear family are the factors that have been driving residential construction across the world. Besides, decreasing land to population ratio and the growing trend of constructing high-rise residential buildings and townships have been driving the application of concrete admixtures in the residential construction segment across the world.

Top Companies:

Yara International ASA (Norway), GCP Applied Technologies Inc. (U.S.), CEMEX S.A.B. de C.V. (Mexico), Elkem ASA (Norway), Fosroc Inc. (U.K.), Cementaid (Australia), Borregaard LignoTech (Norway), Oscrete Construction Products (Australia), Sika AG (Switzer)

Industry News:

In May 2021, CHRYSO launched the EnviroMix range (admixtures solutions), a global range of innovative products and services aimed at reducing and controlling the carbon footprint of concrete, dedicated to the ready-mix and precast concrete industries.
In January 2020, one of the subsidiaries of CEMEX, S.A.B. de CV, signed an agreement to sell certain assets in the United Kingdom to Breedon Group (Breedon) for a total consideration of approximately USD 235 million, including approximately USD 31 million of debt. The active assets divested consist of 49 ready-mix plants, 28 aggregate quarries, four depots, one cement terminal, 14 asphalt plants, and four concrete products operations.
In December 2019, BASF and an affiliate of Lone Star, a global private equity firm, signed a purchase agreement for the acquisition of BASF's Construction Chemicals business. The purchase price on a cash and debt-free basis was EUR 3.17 billion.

By the product type, the market is primarily split into:

Chemical Additives
Mineral Additives
Fiber Additives

By the end-users/application, this report covers the following segments:

Residential Construction
Commercial Construction
Industrial
Others

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China to Dominate the Market in the Asia-Pacific Region

In the Asia-Pacific region, China is the largest economy in terms of GDP. The country witnessed about 6.1% growth in its GDP in 2019, even after the trade disturbance caused due to its trade war with the United States. China's economic growth rate in 2020 was initially expected to be moderate compared to the previous year. However, due to the onset of COVID-19 in 2020, China's economic growth reduced to 1.90%, and it witnessed recovery at a rate of 8.20% in 2021.
The construction industry grew at a strong pace in 2019, even though the growth slowed down during the year compared to 2018. The construction sector has supported the economic growth in the country, while the US-China trade war affected the performance in other industries, such as automotive.

Geographical Analysis

The report provides geographical as well as country-level analysis of the Cement and Concrete Additive market demonstrating the dominance of companies in different regions and countries. Also, in this section, the report presents the market revenue of specific products in specific regions to get informed about the dominating region in the market. Some of the regions and countries mentioned in the report are, the US, Canada, Mexico, Brazil, in North America; China, India, Korea, Japan, Singapore in the Asia Pacific; Germany, UK, Italy, France in Europe, GCC countries, Qatar in the Middle East and Africa, Latin America, South America, etc.

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Research Methodology

All the data presented in the report from valuation to revenue, drivers, growth areas of the Cement and Concrete Additive market, etc., is aided by thorough research from press releases, announcements by companies, news updates, reports from company websites, government verified websites, research publications, articles by researchers, etc. All this data is scanned thoroughly by analysts in the company and the summary and collaterals are presented in the report precisely. This research helps in offering well authenticated, verified, data with exact facts and figures. The report is then forwarded to in-house analysts, top-level experts, veterans, industry persons, third parties for feedback, verification, and editing, thus, providing the reader with well written, praised report.

Key takeaways from the report

The report provides drivers, restraints, challenges, and growth points of the Cement and Concrete Additive market and how the market can be grown from 2022-to 2028.
The report helps in figuring out the impact of covid-19 on the Cement and Concrete Additive market and what measures can be taken for its development.
The Cement and Concrete Additive market players are assisted from the report for investing in the right product or application from the market.
The report also mentions applications, product offerings, types, key marketing trends of the Cement and Concrete Additive

The research includes historic data from 2016 to 2021 and forecasts until 2028 which makes the reports an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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