Cement and Concrete Additives Market Research Report - Forecast to 2027

Cement and Concrete Additives Market Global Research Report: by Type (Chemical Additives, Mineral Additives, Fiber Additives), Application (Residential Construction, Commercial Construction, Industrial, Others) - Forecast till 2027

ID: MRFR/CnM/1015-CR | December 2018 | Region: Global | 196 pages

Market Overview


The global cement and concrete additives market was valued at USD 20,549.9 million in 2019. Exhibiting a solid 8.16% CAGR, the market is expected to rise to a valuation of USD 32,706.5 million by the end of the forecast period (2019-2027), as per the findings of Market Research Future (MRFR). The market is driven mainly by the growth of the construction industry. The cement and concrete additives market is also expected to be driven by the growing demand for smart materials in construction projects and efforts from numerous governments to make their construction industry smarter and future-proof.


Cement and concrete additives are substances added to cement and concrete to improve their characteristics in some way. The properties improved by the use of cement and concrete additives may include their hardening time, integrity upon hardening, and their reaction to water and air. The fundamental purpose of cement and concrete additives is to improve the functional characteristics of the cement and concrete and thus improve the longevity and stability of the respective construction.


The growing demand for high-performance construction materials is likely to be a major driver for the global cement and concrete additives market. The construction industry has been quick to make use of technological innovations to improve its output, resulting in a growing demand for construction materials. Rising demand for high-performance construction projects, including in advanced buildings and innovative construction, is likely to drive the global cement and concrete additives market over the forecast period.


Report Overview


The report presents a comprehensive look at the global cement and concrete additives market by profiling its leading players and major segments. The granular structure of the cement and concrete additives market is explained in great detail in the report with the help of a bottom-up approach that explains the overall market’s growth prospects in terms of the position and standing of the individual elements of the market. The competitive landscape of the cement and concrete additives market is also elaborated upon in detail in the report in order to provide readers with key pointers on how to make the most of the market’s internal movement.


The report segments the market by type, application, and region. By type, the cement and concrete additives market is segmented into chemical, mineral, and fiber additives. By application, the market is segmented into residential, industrial, commercial, and other construction. By region, the report takes a look at the state of the cement and concrete additives market in North America, Latin America, Europe, the Middle East and Africa, and Asia Pacific.


Competitive Analysis


The report elucidates the competitive landscape of the global cement and concrete additives market by profiling its top players. Leading players in the global cement and concrete additives market include 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 (Switzerland), and BASF SE (Germany).


Research Methodology


The report uses extensive primary and secondary research to get to the bottom of the global cement and concrete additives market. Key parties in the global cement and concrete additives market are contacted to get a hands-on look at the global market’s position at present. Speculation about the future movements of these players also gives us an idea of how the market is likely to look in the coming years. Wide-ranging secondary research is also performed to back up the primary interviews and corroborate the market-related information gathered through them. Key industry-standard analytical tools are used to form a clear picture of the cement and concrete additives market’s future growth trajectory. The top-down and bottom-up approaches are used to clear up the market’s overall growth prospects in terms of the growth potential of its individual segments. The accuracy of the data gathered through primary and secondary research is ensured through a rigorously applied standard in order to ensure the accuracy of the data in the report.


Analysis Period



  • Base Year - 2019

  • Projection Period - From 2019 to 2027

  • Market Valuation - USD Million


Type



  • Chemical Additives

    • Coloring Agents

    • Plasticizers

    • Admixtures

    • Retarders

    • Others



  • Mineral Additives

    • Fly Ash

    • Limestone

    • Slags

    • Others



  • Fiber Additives

    • Steel

    • Glass

    • Ceramic

    • Polypropylene

    • Others




Application



  • Residential Construction

  • Commercial Construction

  • Industrial

  • Others


Region



  • North America

    • The U.S.

    • Canada



  • Europe

    • Germany

    • U.K.

    • Spain

    • Italy

    • France

    • Russia

    • Poland

    • Belgium

    • Croatia

    • Slovakia

    • Romania

    • Slovenia

    • Hungary

    • Luxembourg

    • The Netherlands

    • Rest of Europe



  • Asia Pacific

    • India

    • Japan

    • China

    • Indonesia

    • Malaysia

    • Thailand

    • South Korea

    • Australia & New Zealand

    • Rest of Asia Pacific



  • Latin America

    • Mexico

    • Brazil

    • Argentina

    • Rest of Latin America 



  • The Middle East & Africa

    • Turkey

    • Egypt

    • Israel

    • UAE

    • Saudi Arabia

    • Rest of Middle East & Africa




Intended Audience




Frequently Asked Questions (FAQ) :


The Cement & Concrete Additives Market would cover USD 32,706.5 million mark by 2023.

The Cement & Concrete Additives Market would try to score 8.16% CAGR between 2018 and 2023, the forecast period.

Demand for high-performance construction materials to impact growth for the Cement & Concrete Additives Market.

The Cement & Concrete Additives Market would get a chemical additive segment as the leading type-based component.

The Asia Pacific market would dominate the Cement & Concrete Additives Market.

Cement and Concrete Additives Market - Summary


Overview:


Cement and concrete additives are substances added to cement and concrete to improve their characteristics. The properties improved by the use of cement and concrete additives may include their hardening time, integrity upon hardening, and their reaction to water and air. The fundamental purpose of cement and concrete additives is to improve the functional characteristics of the cement and concrete and thus improve the longevity and stability of buildings.


The growing construction industry is expected to pave open the way for global cement and concrete additives market to expand successfully over the forecast period. The construction industry has grown rapidly in developing as well as developed nations over the last decade due to the growing demand for new infrastructure as well as residential construction in the former and the exigent need for renovation projects in the latter. Infrastructure, as well as residential and industrial renovation, is on an uptick in developed regions such as North America and Europe, giving rise to a need for advanced building materials that can operate at a higher standard than the previous generation.


The growing population and urbanization in Asia Pacific has triggered the growing demand for residential construction, as an ever-increasing number of people are flocking to urban regions in search of job opportunities. Increasing demand for high-performance construction materials is likely to be a major driver for the global cement and concrete additives market. The construction industry has been quick to make use of technological innovations to improve its output, resulting in growing demand for construction materials that have been enhanced in some manner. The growing demand for high-performance construction projects, including in advanced buildings and innovative construction, is likely to drive the global cement and concrete additives market over the forecast period.


The emergence of 3D printing technologies that can aid in construction is likely to lead to an increase in the demand for fiber additives over the coming years. This could become a major opportunity for players in the global cement and concrete additives market, as 3D printing has immense advantages that the construction industry will look to incorporate into its workings. The growing adoption of technological advancements in the construction industry in developed as well as developing countries is thus likely to be a major driver for the cement and concrete additives market in the coming years.


Segmentation:


The report segments the global cement and concrete additives market by type, application, and region.


By type, the cement and concrete additives market is segmented into chemical, mineral, and fiber additives. The chemical additives segment dominates the global cement and concrete additives market and is likely to remain the leading contributor to the market over the forecast period, emerging with a market share of close to 50% by 2027.


Major market applications include residential, industrial, commercial, and other construction. Residential construction is likely to remain the major contributor to the global cement and concrete additives market over the forecast period.


North America, Latin America, Europe, the Middle East & Africa, and Asia Pacific are regions taken into consideration. The Asia Pacific is touted to be the largest player in the global cement and concrete additives market over the forecast period.


Competitive Landscape:


Leading players in the global cement and concrete additives market include Elkem ASA (Norway), Oscrete Construction Products (Australia), BASF SE (Germany), Yara International ASA (Norway), Cementaid (Australia), Fosroc Inc. (U.K.), Borregaard LignoTech (Norway), CEMEX S.A.B. de C.V. (Mexico), Sika AG (Switzerland), and GCP Applied Technologies Inc. (U.S.).

Global Cement and concrete additives Market: Competitive Landscape


The prominent players in the global cement and concrete additives market are Yara International ASA, GCP Applied Technologies Inc., CEMEX S.A.B. de C.V, Elkem ASA, Fosroc, Inc., Cementaid, Borregaard LignoTech, Oscrete Construction Products, Sika AG, and BASF SE.


Sika AG, BASF SE, GCP Applied Technologies, Inc, and Fosroc, Inc. collectively hold the majority share of the global cement and concrete additives market. The market players are focused on adopting both organic and inorganic growth strategies such as business expansions, product development, and investments in R&D to outperform their competitors and serve the increasing demand for cement and concrete additives in major Construction industries.


GCP Applied Technologies Inc. is a global provider of construction products which includes admixtures and additives for concrete and cement. The company is focused on new product development, business expansion, and acquisitions to meet the global demand for cement and concrete additives from expanding construction industry and to maintain competitive edge in the cement and concrete additives market worldwide. For instance, in September 2018, the company opened a state-of-the-art concrete admixture plant in Atsugi, Japan to meet the rising demand for ready-to-mix concrete in the Asia-Pacific region.


Sika AG (Sika) is a specialty chemicals company, engaged in the manufacture and sale of products for bonding, sealing, damping, reinforcing, and protecting load-bearing structures in major end-use industries such as building and construction and automotive. The company emphasizes new product development and business expansion in the Middle East and Africa. In 2018, Sika AG opened a new concrete admixtures plant in Saudi Arabia to supply the producte to customers in neighboring markets around the Persian Gulf potentially.


BASF SE operates through five business segments—chemicals, performance products, functional materials and solutions, agricultural solutions, and oil & gas. The company provides cement and concrete additives under its functional materials and solutions segment. In 2018, BASF SE introduced a new concrete additive under the brand name master builders’ solution for the production of autoclaved aerated concrete disperse the binder particles efficiently, allowing the water content of the fresh concrete to be significantly reduced.


Fosroc, Inc. is a leading international manufacturer and supplier of high-performance chemicals for the construction industry, with a particular focus on concrete and cement additives and provides construction solutions. The company provides concrete additives with benefits such as slump and water retention. Fosroc concrete admixtures help to modify and improve the properties of fresh and hardened concrete or mortar under auracast and auramix products. The company is focused on business expansion in the emerging markets of Asia Pacific such as Malaysia and Singapore to meet the fuelling demand for concrete additives from the construction industry.