Cement and Concrete Additive Market Analysis

Global Cement and Concrete Additives Market Overview

Cement and Concrete Additives Market Size was valued at USD 19.7 Billion in 2023. The Cement and Concrete Additives market industry is projected to grow from USD 21.7 Billion in 2024 to USD 36.9 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.16% during the forecast period (2024 - 2032). Commercial development is expanding quickly, and consumers desire better, higher-quality cement, are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Cement and Concrete Additives Market Trends

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  The spike in demand for large-scale buildings in emerging nations is driving the market growth

  
  

One of the main driving forces behind the cement and concrete additives market's expansion is the surge in demand for large-scale structures in emerging nations as a result of growing industrialization and urbanization. Additionally, the market has grown as a result of increased government initiatives to build infrastructure, rising use of cement additives in flooring, roofing, doors, and walls in residential and commercial projects, and increased awareness of interior temperature control features in various materials. Cement consumption rates are rising as a result of increased building in developing countries like Vietnam, China, and India, and this is expected to have a substantial impact on the growth of the cement additive market. Future overall product consumption rates are expected to be boosted by consumer demands for better and high-quality cement, which can also provide waterproofing properties, stronger chemical resistance, color, and high water reduction.

The main objective of cement and concrete additives is to enhance the properties that make them useful, hence extending the life and firmness of the building. The  cement and concrete additives market will almost probably be significantly influenced by the rising demand for high-performance materials. The demand for construction materials has increased as a result of the construction industry's hasty adoption of technical advancements to boost production. The  market for cement additives is anticipated to expand quickly in the next years. One of the main factors propelling the market is the growing  building industry. The  cement and concrete additives market is anticipated to expand as a result of cost, time, water, and construction-quality savings. Increased demand for cement additives is being caused by rising construction activity in developing nations like Vietnam, China, and India.

Due to their outstanding qualities, such as strength augmentation, grinding, water reduction, retarders, waterproofing, and other features, cement and concrete additives are in high demand for commercial building and construction applications. Due to reasons like increasing investments in commercial construction projects, development plans for commercial spaces, and urbanization, the commercial building and construction industry is expanding quickly. For instance, the CBRE Group anticipates growth in office space of between 10 and 15% until 2023. The Airport Authority of India (AAI) reports that the announcement to build 100 more airports by 2024 was made in 2020. Statistics Canada reports that in December 2021 compared to the prior year, investments in commercial building increased by 1.7%. The need for cement and concrete additives and admixtures is growing along with the number of commercial construction projects for commercial office buildings, airports, hospitals, and other facilities, which in turn is driving the cement and concrete additives sector. Thus, driving the Cement and Concrete Additives market revenue.

Cement and Concrete Additives Market Segment Insights

Cement and Concrete Additives Type Insights

The  Cement and Concrete Additives market segmentation, based on Type, includes Chemical Additives, Mineral Additives, and Fiber Additives. Chemical additives segment accounted for the largest revenue share in 2022. Chemical additives such plasticizers, retarders, water-reducers, coloring agents, and others are expanding quicker than other types of additives because of their improved setting time, strength enhancement, and good water reduction content. The need for chemical additives is being fueled by the huge increase in the application of water-reducing additives, high-value plasticizers, and other additions for construction activities. However, it is projected that mineral additives would experience the largest growth in the upcoming years. Examples of minerals include rice husk ash, fly ash, and silica slag. Due to growing attempts to maximize the use of industrial waste products such fly ash and blast furnace slag, the demand for mineral additives is predicted to expand.

Cement and Concrete Additives Application Insights

The  Cement and Concrete Additives market segmentation, based on Application, includes Residential Construction, Commercial Construction, and Industrial. Residential construction segment dominated the  Cement and Concrete Additives market in 2022. Residential buildings, apartments, houses, and other structures are using cement & concrete additives or admixtures like rice husk ash, fly ash, silica fume, polypropylene, gypsum, and others more and more because of their superior binding properties, chemical resistance, waterproofing, and strength-enhancement. For instance, an additional 25 million affordable housing units are required by 2030, according to the Economic Times Housing Finance Summit.

Figure 1:  Cement and Concrete Additives Market, by Application, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Cement and Concrete Additives Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia Pacific Cement and Concrete Additives market dominated this market in 2022 (45.80%). Massive expansions in building and construction, infrastructure developments, and fast urbanization all have a positive impact on the region's flourishing growth potential for cement and concrete additives. The lucrative expansion of the construction industry in APAC is a result of factors like urbanization, increased investments in infrastructure projects, and programs for smart and green construction. For example, the National Investment Promotion & Facilitation Agency projects that the Indian construction market will reach US$ 1.4 trillion by 2025. Moreover, China’s Cement and Concrete Additives market held the largest market share, and the Indian Cement and Concrete Additives market was the fastest growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2:  CEMENT AND CONCRETE ADDITIVES MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

The North America Cement and Concrete Additives Market is expected to register significant growth from 2023 to 2032. In North America, the use of cement & concrete additives or admixtures like fly ash, rice husk ash, gypsum, silica fume, and others is expanding due to an increase in building & construction activities. This is expected to increase the market's potential for growth over the course of the forecast period. Further, the U.S. Cement and Concrete Additives market held the largest market share, and the Canada Cement and Concrete Additives market was the fastest growing market in the North America region.

Europe Cement and Concrete Additives market accounted for the healthy market share in 2022. Growing cement demand in wealthy nations like Spain and Italy due to restoration and infrastructure upkeep is also anticipated to have a significant impact on the growth of the cement additive market ly. Further, the German Cement and Concrete Additives market held the largest market share, and the U.K Cement and Concrete Additives market was the fastest growing market in the European region

Cement and Concrete Additives Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Cement and Concrete Additives market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their  footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Cement and Concrete Additives industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the  Cement and Concrete Additives industry to benefit clients and increase the market sector. In recent years, the Cement and Concrete Additives industry has offered some of the most significant advantages to medicine. Major players in the Cement and Concrete Additives market, including GCP Applied Technologies Inc., Concrete Additives & Chemicals Pvt. Ltd., Lafarge Cement Australia Holdings Pty Ltd., Yara International A.S.A., Birla Corporation Sika AG, Elkem A.S.A., Huntsman International L.L.C., CEMEX S.A.B. de C.V., Borregaard Ligno Tech, BASF SE, Fosroc Inc., Kao Corporation, Engro Corporation Limited, Cemented, LANXESS, Chevron Phillips Chemical Company, and Oscrete Construction Products, are attempting to increase market demand by investing in research and development operations.

The company CEMEX SAB de CV (CEMEX) produces building supplies. It produces and distributes building supplies such as cement, ready-mix concrete, aggregates, clinker, and others. The business also sells precast items such rail, concrete floors, box culverts, bridges, drainage basins, barriers, and parking curbs as well as asphalt, concrete blocks, concrete pipes, and these other materials. The corporation conducts business throughout the Americas, the Middle East, Africa, and Asia-Pacific. In San Pedro Garza Garcia, Nuevo Leon, Mexico, CEMEX has its headquarters. CEMEX Colombia is given permission to increase its production capacity in 2021. As a result, 990,000 tons of resources (clay and limestone) may be extracted, and up to 1,500,000 metric tons of cement can be produced each year.

Construction technology and products are offered by GCP Applied Technologies Inc (GCP). It provides speciality building goods, concrete and cement admixtures and additives, in-transit concrete monitoring and management systems, and waterproofing products. The corporation has operations in the Middle East, Europe, Asia-Pacific, and the Americas. The US city of Cambridge, Massachusetts, is home to GCP's headquarters. In 2018, R.I.W. Limited was purchased by GCP Applied Technologies. R.I.W. provides a selection of waterproofing options for use both above and below ground. Products include structural drainage systems, liquid, sheet, and cementitious systems.

Key Companies in the Cement and Concrete Additives market include

• GCP Applied Technologies Inc.


• Concrete Additives & Chemicals Pvt. Ltd.


• Lafarge Cement Australia Holdings Pty Ltd.


• Yara International A.S.A.


• Birla Corporation Sika AG


• Elkem A.S.A.


• Huntsman International L.L.C.


• CEMEX S.A.B. de C.V.


• Borregaard Ligno Tech


• BASF SE


• Fosroc Inc.


• Kao Corporation


• Engro Corporation Limited


• Cemented


• LANXESS


• Chevron Phillips Chemical Company


• Oscrete Construction Products

Cement and Concrete Additives Industry Developments

November 2021: Brett Admixtures, a producer and distributor of admixtures, was purchased by Euclid Chemical. The deal takes advantage of a chance to expand the company's potential for expansion and keep its clientele.

Cement and Concrete Additives Market Segmentation

Cement and Concrete Additives Type Outlook

• Chemical Additives


• Mineral Additives


• Fiber Additives

Cement and Concrete Additives Application Outlook

• Residential Construction


• Commercial Construction


• Industrial

Cement and Concrete Additives Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America