Cement and Concrete Additive Market Overview
The prominent market trends identified in the global cement and concrete additive market include shifting of population from rural to urban areas, growth in construction activities, and increasing expenditure on research activities for development of improved construction chemicals. The growth in construction projects such as highways, bridges, and buildings in urban areas is expected to draw demand for concrete and cement additives. Furthermore, increasing complexity of exterior and interior designs is likely to shift focus toward research and development of novel additives and construction chemicals.
Cement and concrete additives are primarily used to modify the properties of hardened concrete. These additives ensure that the concrete maintains its quality and properties during mixing, transporting, placing, and curing. Additionally, these additives reduce the cost of construction and also reduce water content, and tend to be more stable over a wider range of temperatures. In the report, the cement and concrete additive market is segmented on basis of additive type, application, and region.
On basis of additive type, the cement and concrete additive market is categorized into chemical, mineral, and fiber. Rice husk ash, silica, and fly ash are mineral additives. Chemical additives include plasticizers, waterproofing admixtures, and coloring agents. Furthermore, steel and synthetic fibers are classified as fiber additives. Traditionally, chemical additives generated a significant share in the market. This is exhibited due to application of chemical-based additives such as water reducers, and high-value plasticizers in self-consolidating concrete in large volumes, thereby generating a significant demand volume of these additives.
The cement and concrete additive market is classified on the basis of application into residential, non-residential, and others. The others category includes applications of these additives in construction of waterways, parks, bridges, and roads. Based on application, the residential category is expected to lead the market during the forecast period. This is due to demand of cement and concrete additives for construction of households and in internal installations such as ceilings and facades.
Based on region, the cement and concrete additive market is categorized into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa (MEA). Globally, Asia-Pacific held a significant share in the market. North America and Europe are the other major cement additives consuming regions.
Asia-Pacific, owing to its ever-growing population and construction industry, is a frontrunner for the consumption of cement additives. In recent years, Asia-Pacific has registered a strong demand for cement additives and the trend is expected to continue the same in near future, driven by their high demand from countries such as China, Japan, and India. Moreover, several major market participants are continuously focusing to gain market share and improve profitability in the region.
Cement and Concrete Additive Market Dynamics
The cement and additive manufacturing market is expected to be driven by increasing investments in infrastructure and growth of construction industry, globally. The huge investment for infrastructure projects in emerging economies such China, India, and Brazil is expected to create ample opportunities for the growth of cement and concrete additive market during the forecast period.
Implementation of strict regulations by various governmental organizations have restricted the use of toxic chemicals in the construction chemicals, and stringent compliance standards are expected to hamper the growth of the concrete and cement additive market.
Cement and Concrete Additive Market Competitive Landscape
Some of the prominent players operating in the global cement and concrete additive market are Lafarge, Cement Australia Holdings Pty Ltd., Concrete Additives & Chemicals Pvt. Ltd., BASF SE, Birla Corporation, Engro Corporation Limited, Sika AG, LANXESS, Huntsman International LLC, Chevron Phillips Chemical Company, and Kao Corporation.
The recent research and investments in the cement and concrete additive market have been directed toward increasing application of 3-D printing in construction industry. Furthermore, cement manufacturing companies are also integrating their operations across the value chain and venturing into additive manufacturing. For instance, in October 2018, Birla Corporation, a major cement manufacturing company, announced its plans to offer concrete and cement additives in India.
The study provides the historical as well the forecast market size data for various countries, including the U.S., Canada, France, Germany, the U.K., Italy, Spain, Japan, China, India, Brazil, Saudi Arabia, and South Africa.