Cement Additives Market is Forecasted to Reach US$ 1 billion in 2028, Says Stratview Research

The global cement additives market is projected to witness a growth rate of 4.5% annually from 2023 to 2028, with an anticipated size of US$ 1 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global cement additives market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 1 billion
Growth (CAGR): 4.5% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 4
Number of Tables & Graphs: 100+

Segment Insights on the Cement Additives Market:
The global cement additives market is segmented based on product type, end-use type, application type, and region.
Based on product type - The cement additives market is segmented into grinding aids, strength enhancers, performance enhancers, and others.
Among these sub-segments, grinding aids are expected to be the biggest market category as well as is likely to witness the fastest growth during the forecast period. These additives facilitate the grinding of clinkers, which is the main component of cement, and enhance the grinding process by reducing energy consumption and increasing the production capacity of cement mills. These additives also provide additional benefits such as increased grinding efficiency, improved cement quality, and enhanced strength development.

Based on the end-use type - The market is segmented into residential structures, non-residential structures, and infrastructures.
Among these sub-segments, residential structures are expected to remain the dominant as well as the fastest-growing end-use type in the market during the forecast period, as a result of the noticeable growth in population, urbanization, lifestyle, and other social factors in recent years, which are likely to fuel the demand for homeownership and investment opportunities in residential real estate, thereby, driving the usage of cement additives in the housing sector, in the coming years.

Based on the application type - The market is segmented into new construction and renovation.
Among these sub-segments, new construction is expected to remain the dominant application type in the market in the upcoming years. Cement additives are crucial in new construction projects because they help optimize the performance of concrete, improve its workability, durability, and strength, and allow for customization to meet the complete project requirements.

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is expected to remain the largest market for cement additives during the forecast period. This growth outlook is majorly attributed to the following-
- Some of the key Asian countries contributing to the growth of the cement additives industry include China, India, Japan, South Korea, and Southeast Asian nations such as Vietnam, Indonesia, and Thailand.
- These countries have been investing heavily in infrastructure projects such as roads, bridges, railways, airports, and residential and commercial buildings, creating a significant demand for cement additives.
- Concurrently, key economies such as India and China are incessantly experiencing rapid economic growth, which simultaneously increases regional disposable incomes and construction activities.

Cement Additives Market Drivers:

Some of the key drivers listed in the report are given below.
- With urbanization and industrialization, there is a rising demand for residential, commercial, and infrastructure projects, such as buildings, roads, bridges, and dams.
- These projects require large quantities of cement, and the demand is expected to grow.
- Consequently, the rapid growth in construction activities and demand for rich quality cement are the major factors driving the cement additives market.

Top Companies in Cement Additives Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• CAC Admixtures
• Compagnie de Saint-Gobain S.A
• Fosroc International Ltd.
• Holderchem
• MAPEI S.p.A
• MBCC Group
• PROQUICESA
• Sika AG
• Sintez OKA Group of Companies
• The Euclid Chemical Company

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Cement Additives Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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This release was published on openPR.