Construction Additives Market Size, Share & Industry Analysis, By Type (Chemical, Mineral, Fibres), By End-Use (Residential Sector, Non-Residential Sector) and Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Construction additives are chemicals and minerals added to construction materials to enhance their physical property. Construction additives are usually added to cement, mortar, and others giving them enhanced stability, and durability. These additives are chemicals, that are added to cement to make concrete strong and more efficient for building construction. Some construction additives used minimize the quantity of water in cement leading to the conservation of resources. This alteration in the product provides resistance from harsh conditions, external damage, and waterproofing abilities, thus offering bigger and stronger infrastructures.
The market for construction additives is driven by the rising demand for improved qualities of construction materials. Growing population is leading to high growth in the construction industry, which in turn, is causing a high demand for construction additives. Additionally, growing advancement in construction technologies is expected to drive the market for construction additives.
Key Market Driver -
Rising demand for improved qualities of construction materials
Key Market Restraint -
High prices of raw materials
The market of construction additives will be affected due to high prices of raw materials. Chemical additives added into construction materials are expensive, which is expected to have an adverse impact on the construction additives market. Moreover, governmental regulations over environmental concerns also affect the market growth, thus restraining the market for construction additives.
Market Segmentation:
Based on product type, the market for construction additives is segmented into chemical, mineral, and fibres. Based on End-Use, the market is segmented into residential sectors and non-residential sectors.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Players Covered:
The global construction additives market share is competitive and fragmented, with a number of global & regional players operating. Some of the key players includes BASF SE, Sika AG, DOW, W.R.Grace & Co., Chryso, RPM International, Mapei S.P.A., Evonik Industries, Fosroc International, Cico Group, and Others.
Key Insights
- New Advancements in Production Technologies
- Key Trends in the Construction Additives Markets market
- New Product Launches, Expansions, Key Players
- Ranking of Key Players in the Market
Regional Analysis:
The construction additives market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia-Pacific region dominates the construction additives market in terms of both consumption and production. Increasing infrastructural activities in China, India, and South Korea which is expected to support the market growth for construction additives. In North America and Europe, trend of renovating old structures and growing healthcare industry in the region is augmenting the market growth. Moreover, technoogical advancement and highly disposable income is supporting the growth of the market in the region.
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The consumption of construction additives market is also increasing in Latin America and Middle East & Africa due to growing urbanisation and growing disposable income among the consumers to drive the market growth. Moreover, easy availability of raw materials will also increase the market demand for construction additives.
Segmentation
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Construction Additives Market Developments
- In December 2019, Lone Star acquired BASF’s construction chemicals business to lead the construction chemicals on a growth path. The acquisition was of €3.17 billion. The acquisition will help the company in portfolio building and emerging into new markets.
- Ongoing
- 2023
- 2019-2022
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