Pune, India, Aug 2023, MRFR Press Release/Market Research Future has published a Cooked Research Report on the Global Construction Additives Market.
Market Research Future (MRFR) has published a cooked research report on the “Global Construction Additives Market” that contains information from 2018 to 2032. The Construction Additives market is estimated to register a CAGR of 7.76% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Construction Additives market— Sika Group (Switzerland), The Dow Chemical Co. (US), W. R. Grace and Company (US), RPM International Inc (US), CHRYSO Group (France), Mapei S.p.A (Italy), Evonik Industries AG (Germany), Fosroc (UK), Cico Group (India), and BASF SE (Germany).
Construction Additives Market Highlights
The global Construction Additives market is accounted to register a CAGR of 7.76% during the forecast period and is estimated to reach USD 44.08 Billion by 2032.
The Construction Additives Market encompasses the worldwide sector focused on manufacturing and distributing additives used in construction materials. These additives are designed to enhance the properties of concrete, cement, and other building materials, improving workability, strength, durability, and overall performance in construction projects.
Segment Analysis
The global Construction Additives market has been segmented based on Type and End-User,
On the basis of Type, the market is segmented into chemical, mineral and fiber. The chemical category holds the lion's share of the market. Chemical additives can improve the performance and durability of construction materials including concrete, mortar, and others.
Based on End-User, the global Construction Additives market has been segmented into residential, commercial, and infrastructure. The most money was made in the commercial sector. The need for high-performance concrete is rising for commercial construction projects like workplaces, shops, and hotels, which explains this expansion.
Regional Analysis
The global Construction Additives market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Construction Additives market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Construction Additives market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Construction Additives market comprises of Middle East, Africa, and Latin America.
The North American Construction Additives Market dominated this market in 2022 Due to the rising urbanisation of developing countries like China and India, there are more residential and commercial construction projects being undertaken, which is causing the industry to grow. Additionally, as more builders, architects, and other construction industry professionals become aware of the advantages of employing additives, the market is predicted to expand over the coming years.
Additionally, the second-largest market share for Construction Additives is held by Europe. due of urbanisation and population growth in rural areas. The need for construction additives has increased as a result of the fast rise in demand for housing, office space, and infrastructure expansion. Governments in the region are also developing regulations to promote green building practises and investing a lot of money in infrastructure development.
Moreover, from 2023 to 2032, the construction additives market in Asia-Pacific is anticipated to expand at the quickest CAGR. Due to favourable market circumstances for growth in value and volume, a combination of quick urbanisation, government investments, and other factors are encouraging the development of new construction projects in the Asia Pacific region. Additionally, the construction additives market in China had the biggest market share, while the market in India had the quickest rate of growth in the Asia-Pacific region.
Key Findings of the Study
- The global Construction Additives market is expected to reach USD 44.08 Billion by 2032, at a CAGR of 7.76% during the forecast period.
- The North American Construction Additives Market dominated this market in 2022 Due to the rising urbanisation of developing countries like China and India, there are more residential and commercial construction projects being undertaken, which is causing the industry to grow.
- Based on Type, the chemical category holds the lion's share of the market.
- Sika Group (Switzerland), The Dow Chemical Co. (US), W. R. Grace and Company (US), RPM International Inc (US), CHRYSO Group (France), Mapei S.p.A (Italy), Evonik Industries AG (Germany), Fosroc (UK), Cico Group (India), and BASF SE (Germany).
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