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Cement Additives Market Size - By Type (Mineral Additives, Chemical Additives and Fiber Additives), By Application (Commercial Construction, Residential Construction, and Industrial), and By Region: Global Forecast, 2024 – 2033

  • PUBLISHED ON
  • 2024-01-02
  • NO OF PAGES
  • 233
  • CATEGORY
  • Construction & Manufacturing

Market Overview

Cement Additives Market Size is predicted to develop at a compound annual growth rate (CAGR) of 8.31% from 2024 to 2033, when it is projected to reach USD 37.21 billion, based on an average growth pattern. The market is estimated to reach a value of USD 20.1 billion in 2024.

 

SOURCE: We Market Research

The industry that produces and supplies ingredients that improve the quality, performance, and longevity of cement used in building is known as the cement additives market. These additives, which include viscosity agents, retarders, accelerators, and strength enhancers, change the properties of cement to fulfill certain construction requirements, such as increasing workability, lowering water consumption, and strengthening the finished product. This market drives innovation and technological developments in the construction industry in response to the growing need for high-performance cement in infrastructure development.

The cement additives market is growing due to a number of factors. Stronger, longer-lasting structures are required by the growing construction industry, particularly in developing nations, which is driving up demand for high-performance cement. Tight environmental restrictions also encourage the use of environmentally friendly chemicals in construction methods that lower carbon emissions and improve sustainability. The increasing need for economical building solutions propels the use of additives that maximize cement utilization, lowering project costs overall. Additionally, ongoing advancements in additive technologies that address particular needs in construction, such as quick construction, submerged applications, and harsh weather, are driving the market's expansion.

Market Scope

Report Attributes

Description

Market Size in 2024

USD 20.1 billion

Market Forecast in 2033

USD 37.21 billion

CAGR % 2024-2033

8.31%

Base Year

2023

Historic Data

2016-2022

Forecast Period

2024-2033

Report USP

 

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Key Growth Drivers

With increasing awareness of environmental sustainability, there is a growing emphasis on developing eco-friendly construction materials.

The trend toward ready-mix concrete for construction projects is driving the demand for cement additives. Ready-mix concrete offers efficiency and consistency in construction, and additives play a vital role in optimizing its performance.

The construction industry's growth, particularly in emerging economies, is a significant driver for the cement additives market.

Segments Covered

By Type, By Application and By Region

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Cement Additives Industry: Dynamics & Restrains

Market Drivers

Demand for High-Performance Concrete - The cement additives market is being driven by the rising demand for high-performance concrete, or HPC. Higher strength, longer durability, and specific properties are required for HPC, which means that innovative additives must be used into cement compositions. These additives improve chemical resistance, minimize shrinkage, maximize structural integrity, and make workability better. The market responds to industry demands for structures with higher performance metrics by developing novel additives that are specifically designed to meet these high standards. This continuous research, development, and application of advanced materials drives the cement additives sector's steady growth trajectory.

Investments in infrastructure development projects - The cement additives market is greatly influenced by investments made in infrastructure development projects. The need for durable, high-quality concrete is growing as countries undertake large-scale infrastructure projects like building highways, bridges, and urban areas. In order to achieve the demanding specifications of major infrastructure projects, cement additives play a crucial role in enhancing the strength, durability, and workability of concrete. This spike encourages additive innovation to continue, creating formulations that improve concrete's qualities and propelling the market's expansion. The construction industry consistently faces a demand for cement additives due to the symbiotic relationship between infrastructure investments and the requirement for better concrete solutions.

Market Restrains

The cost and availability of raw materials - The market for cement additives is restricted by the fluctuate prices and supply of basic materials. Production costs are directly impacted by changes in the cost of goods and the availability of essential components like minerals and chemicals. The supply chain may be disrupted by unstable market conditions or geopolitical issues, which could impact the availability of essential raw materials. Manufacturers have difficulties as a result of these issues, which affect production consistency and raise operating expenses. To mitigate these constraints and maintain stable production prices and a dependable supply chain in the cement additives industry, it is generally necessary to diversify sourcing tactics, invest in alternative resources, and hedge against market changes.

Cement Additives Segmentation

Market- By Type Analysis

By Type, the Cement Additives Market is Categories into Mineral Additives, Chemical Additives and Fiber Additives. The Chemical Additives segment accounts for the largest share of around 43% in 2022.


Chemical additives, which include plasticizers, retarders, water-reducers, coloring agents, and others, are growing more quickly than other additive categories due to their better strength enhancement, longer setting times, and high water reduction contents. The massive rise in the use of high-value plasticizers, water-reducing additives, and other additions for building operations is driving the demand for chemical additives.

The following segments are part of an in-depth analysis of the Cement Additives Market:

Market Segments

 

By Application

·         Commercial Construction

·         Residential Construction

·         Industrial

Cement Additives Industry: Regional Analysis

Asia-Pacific Market Forecast

Asia-Pacific dominate the Cement Additives Market with the highest revenue generating market with share of more than 49%. Rapid urbanization, infrastructural development, and industrialization in countries like China, India, and Southeast Asian nations are boosting the demand for cement additives. Growing construction activities, particularly in residential and commercial sectors, are propelling market growth.


North America Market Statistics

North America is the second-largest market for Cement Additives. The region experiences demand driven by renovations, maintenance, and infrastructure development projects. The adoption of sustainable construction practices and the emphasis on eco-friendly additives are significant drivers in this market.

Europe Market Forecasts

Europe is expected to be the fastest-growing region in cement additives market during the forecast period. Focus on sustainable construction, stringent environmental regulations, and increasing investments in R&D for innovative additives are driving the market. The demand for high-performance concrete in infrastructure projects is a key factor here.

Key Market Players

The Cement Additives Market is dominated by a few large companies, such as

·         Fosroc Inc.

·         Kao Corporation

·         Engro Corporation Limited

·         Cemented

·         LANXESS

·         GCP Applied Technologies Inc.

·         Concrete Additives & Chemicals Pvt. Ltd.

·         Lafarge Cement Australia Holdings Pty Ltd.

·         Yara International A.S.A.

·         Huntsman International L.L.C

·         Birla Corporation Sika AG

·         Other

Recent Developments:

·         November 2021, Euclid Chemical acquired Brett Admixtures, a manufacturer and distributor of admixtures. The agreement takes advantage of an opportunity to maintain the company's clients and grow its potential for growth.

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Frequently Asked Questions

What is the market size of Cement Additives Market in 2024?

Cement Additives Market was valued at USD 20.1 billion in 2024.

What is the growth rate for the Cement Additives Market?

Cement Additives Market size will increase at approximate CAGR of 8.31% during the forecasted period.

Which are the top companies operating within the market?

Major companies operating within the Cement Additives Market are Fosroc Inc, Kao Corporation, Engro Corporation Limited, Cemented, LANXESS, GCP Applied Technologies Inc., Concrete Additives & Chemicals Pvt. Ltd., Lafarge Cement Australia Holdings Pty Ltd., Yara International A.S.A., Huntsman International L.L.C, Birla Corporation Sika AG and Other.

Which region dominates the Cement Additives Market?

Asia-Pacific dominates the market with an active share of 49%.

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