Cement And Concrete Additives Market

Global Cement and Concrete Additives Market: Global Size, Trends, Competitive, Historical & Forecast Analysis to 2021-2027, Increasing industrialization and urbanization, rising demand for high-performance building materials as well as increasing investments in construction sector are some of the major factors anticipating to drive the growth of the Global Cement And Concrete Additives Market within the forecast period.

Global Cement and Concrete Additives Market is valued at USD 19.41 Billion in 2020 and expected to reach USD 32.31 Billion by 2027 with a CAGR of 7.5% over the forecast period.

Scope of Global Cement and Concrete Additives Market:

Cement and concrete additives are chemicals that are added in small amounts to water, cement, and aggregate compounds to improve the durability of concrete, to determine the behavior of concrete, and to manage setting or hardening. Additives are mainly used by manufacturers to reduce the building cost of concrete during mixing, positioning, shipping, and healing, to adjust the quality, and to ensure the excellent consistency of the concrete. Available options include water reducers, set retarders, set accelerators, super plasticizers, and various additional additives. The majority of materials are delivered in ready-to-use condition and mixed into concrete at the factory or project site.

The majority of materials are delivered in ready-to-use condition and mixed into concrete at the factory or project site. Specific substances such as expander components, pigments, and pumping aids are rarely used and are usually batched in pre-measured containers. Furthermore, cement additives are chemical formulations that are added sparingly to concrete or cement to meet the requirements regarding the aesthetic and functional aspects of residential and commercial structures. These substances can be found in various commercial, industrial, and residential structures.

The main advantage of using cement additives is that it reduces the number of chemicals used in combination with water, as well as improves the properties of cement such as chemical resistance, color, and strength.

The Covid-19 pandemic has shown a negative impact on the global cement and concrete additives market. These additives are mainly used in construction sector. But, the construction industry was severely affected during pandemic owing to lockdown imposed, manual labor was not unavailable and because strict travel regulations worldwide restricted the movement of raw materials and finished products. As well as business closures and social distancing laws impacted manufacturing employment, which has impacted the global concrete and cement additives market negatively.

Global Cement and Concrete Additives Market Segmentation:

The global cement and concrete additives market are segmented on the basis of type, end-users and region & country level. On the basis of additive type, the market is segmented into chemical, mineral and fiber. On the basis of application, the market is segmented into residential non-residential and others.

By Additive Type:

• Chemical
• Mineral
• Fiber

By Application:

• Residential
• Non-Residential
• Others

The regions covered in global cement and concrete additives market report are North America, Europe, Asia-Pacific, Latin America and Rest of the World. On the basis of country level, the market of global cement and concrete additives market is subdivided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, India, Japan, South East Asia, Middle East Asia (UAE, Egypt, Saudi Arabia) GCC, Africa, etc.

Key Players of Global Cement and Concrete Additives Market:

Some of the key players for global cement and concrete additives market are BASF SE, Birla Corporation, Engro Corporation Limited, Lafarge Canada, Sika AG, LANXESS, Carbon Upcycling, Huntsman International LLC, Chevron Phillips Chemical Company, Kao Corporation and others.

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News: Lafarge Canada and Carbon Upcycling Technologies Signed Deal on Concrete Additive

On July 7^th, 2021; Lafarge Canada signed a Non-Binding memorandum of understanding with carbon utilization technologies, a carbon utilization company. The agreement allows for the possible integration of carbon upcycling into Lafarge operations of CO2-embedded concrete additives. Carbon upcycling creates an additive that makes concrete stronger and more durable and with the ability to reduce the carbon footprint of concrete by up to 25% on a life cycle basis. Carbon upcycling in construction materials began in 2018 with its participation in the Lafarge Holcim Accelerator program, which aims to accelerate the growth of innovations in the construction materials industry.

The agreement is in line with Lafarge's Net-Zero 2030 pledge to accelerate green construction and tackle the climate change crisis with low-carbon concrete and circular economy solutions, and carbon upcycling aims to reduce total CO2 emissions by 600Mt by 2030.

Increasing Industrialization and Urbanization, Rising Demand for High-Performance Building Materials as Well as Increasing Investments in Construction Sector are Driving the Market Growth

One of the major factors driving the growth of cement and concrete additives is increasing industrialization and urbanization as most of the population shifting from rural and cities, building activity growth, and growing research spending on developing improved construction chemicals, people move to urban areas to find work and make a living in the cities. The increasing rate of urbanization anticipated boosting the market of cement and concrete additives market as they are used in high for making highways, bridges, and buildings in urban areas increase.

In addition, rising demand for high-performance building materials is also supplementing the market growth. The cement and concrete additives are used to enhance the efficiency of buildings additives which are primarily used by manufacturers to reduce concrete building costs, adjust qualities, and assure superior consistency of concrete during mixing, positioning, shipping, and healing. Thus, these applications of cement and concrete additives are fostering their demand in the construction sector. Furthermore, increasing investments in the construction sector are fueling market growth.

For instance; according to National Investment Promotion and Facilitation agency, under the Smart Cities Mission till June 2021, 2,734 projects have been completed of the total 5,956 projects in India, these investments, in turn, augmented the cement and concrete additives market in the forecast period.

However, stringent regulations by various governmental organizations may restrict the use of toxic chemicals in construction chemical which may hamper the growth of the concrete and cement additive market. In spite of that, research and development for different applications of cement and concrete additives may offer more growth opportunities for the further growth of the market.

North America is Expected to Dominate the Global Cement and Concrete Additives Market

North America is expected to dominate the global cement and concrete additives market due to the growing demand for cement and concrete additives in building construction, increasing industrialization and increasing investment in construction sector in this region. With more than half of the total demand in 2020, building construction will continue to be the largest market for cement and concrete additives. In addition, increasing industrialization in countries such as the U.S. and Canada is also supplementing the technological innovation. This, in turn, led to the growth of the cement and concrete additives market.

Moreover, increasing investment is also driving the growth of the market. For instance, the U.S. The Board of Directors of the International Development Finance Corporation (DFC) has approved a total of $ 2.5 billion in investments in nine emerging markets in Africa, Latin America and around the world this quarter.

Asia Pacific region is a rapidly growing market for cement and concrete additives due to the increasing population, growing investment in the construction and infrastructure projects, and government investments in the development of airports in this region. Increasing expenditure in the non-residential sector to develop commercial, office, and industrial buildings in India is supplementing the market growth in this region. In addition, government initiatives for development further fueling the market growth. For Instance; Smart City Mission is a city renewal and retrofitting program by the Government of India with the mission to develop 100 cities across the country which is witnessing a boost in demand with redevelopment and construction activities carried out across the nation.

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Report Analysis	Details
Historical data	2015 - 2020
Forecast Period	2021 - 2027
Market Size in 2020:	USD 19.41 Billion
Base year considered	2020
Forecast Period CAGR %:	7.5%
Market Size Expected in 2027:	USD 32.31 Billion
Tables, Charts & Figures:	175
Pages	190
Key Players/Companies	BASF SE, Birla Corporation, Engro Corporation Limited, Lafarge Canada, Sika AG, LANXESS, Carbon Upcycling, Huntsman International LLC, Chevron Phillips Chemical Company, Kao Corporation and others.
Segments Covered	By Additive Type, By Application
Regional Analysis	North America, U.S., Canada, , Europe, Germany, France, U.K., Italy, Spain, Sweden, Netherland, Turkey, Switzerland, Belgium, Rest of Europe, Asia-Pacific, South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC, Latin America, Mexico, Colombia, Brazil, Argentina, Peru, Rest of South America, Middle East and Africa, Saudi Arabia, UAE, Egypt, South Africa, Rest Of MEA

Key Benefits of Global Cement and Concrete Additives Market Report-

• Global Cement and Concrete Additives Market report covers in-depth historical and forecast analysis.
• Global Cement and Concrete Additives Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
• Global Cement and Concrete Additives Market report helps to identify opportunities in marketplace.
• Global Cement and Concrete Additives Market report covers extensive analysis of emerging trends and competitive landscape.

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