Construction Additives Market:
The GMI Research expects the construction additives market to expand at a significant rate. From a regional perspective, North America is expected to increase at a faster rate owing to rising investment in infrastructure by the government of various economies and rapid advancements in the construction sector. The increasing demand for construction additives in countries like India and Japan will further drive the market’s demand.
Construction Additives Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The increasing urbanization, improved quality, and properties of construction materials, coupled with strong demand in emerging economies, are the significant factors surging the growth of the global construction additive market size. The majority of the world’s population has significantly shifted towards urban areas, especially in extremely dense areas. This change has transformed the way of traveling, living, and working. There has been an increase in the demand for industrial, commercial, and residential areas due to the rapid growth in population. Such progressive demand needs construction activities that will further enhance the demand for the market worldwide. Additionally, the constantly growing investment in the construction sector, where construction additives improve the life of construction work and offer needed protection from the environmental hazard, will further accelerate the market growth. The government of various developed and emerging economies is growing spending on constructing bridges, tunnels, roads, and dams. In addition to this, the heavy investment in the construction industry is another factor propelling the global construction additives market growth. On the other edge of the spectrum, the factor hindering the growth of the construction additives market include the fluctuations in the cost of raw and energy materials.
Type Segment Drivers
On the basis of type, the market is segmented into chemical, mineral, and fiber. The chemical additives market is projected to grow at a faster CAGR over the forecast period. Chemical additives exhibit numerous properties, such as ensuring the quality of concrete during mixing/ transporting/ curing/placing, decreasing the cost of construction, reducing properties of hardened concrete, and overcoming some emergencies during concrete operations. This factor will further energize the demand for chemical additives in the market.
End-Use Segment Drivers
On the basis of end-use, the market is segmented into commercial, residential, and infrastructure. The commercial segment is anticipated to increase at a higher CAGR in the upcoming years due to the increasing adoption of construction additives in hospitals, hotels, malls, high-rise buildings, and others. Additionally, the rapid urbanization, the rising requirement for building eco-friendly, and the growing modern business techniques in developed and emerging economies will fuel the growth of the construction additives market.
Construction Additives Market’s leading Manufacturers:
- BASF SE
- R. Grace and Company
- RPM International Inc.
- Fosroc, Inc.
- Dow Inc.
- Sika AG
- PAC Technologies LLC
- Thermax Limited
- MAPEI S.p.A.
- Krete Industries, Inc.
Construction Additives Market Segmentation:
Segmentation by Type:
- Chemical
- Plasticizers
- Air-entraining agents
- Retarding agents
- Waterproofing agents
- Others (Coloring agents, corrosion inhibitors, flame retardants, and fibers)
- Mineral
- Fiber
Segmentation by End-Use:
- Residential
- Commercial
- Infrastructure
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.
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