Global construction additives
market has witnessed gradual growth in recent years and is expected to witness
steady growth in the forecast period. The global construction additives market
is primarily driven due to growing urbanization, improved quality, and
properties of construction materials and high demand for construction additives
in developing countries.
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The construction industry is
evolving continuously as huge differences are witnessed between the structures
built today and the ones built over a decade ago. Changing lifestyles, rapid
urbanization, and the demand for enhanced aesthetics for residential,
commercial, and infrastructure, have forced architects and engineers to
innovate the design of concrete structures suited for various applications. On
the flipside, tight project completion deadlines and the increasing variable
costs of construction present a challenge for efficient execution of the
construction projects. Construction additives offer the benefits of high
quality, increased efficiency, and better finishing. Lack of awareness
regarding construction additive techniques and their benefits, along with
unstable costs of raw materials, might restrain the demand for this type of construction
technique.
Rapid growth in the Construction Chemical Additives Market sector is one of the major factors
driving the construction Industry. High demand for residential and
non-residential buildings has a significant impact on the demand for
construction additives, as they are used in the flooring and walls of the
buildings. Consumer preferences for improved and high-quality cement are
expected to boost the overall product consumption rate in future as cement
additives are helpful in increasing product strength, and are capable of
providing waterproofing feature, enhanced chemical resistance, color, and high-water
reduction.
Global Key Players
Ø BASF SE
Ø Sika Group
Ø The Dow Chemical Co.
Ø W. R. Grace and Company
Ø RPM International Inc.
Ø CHRYSO Group
Ø Evonik Industries AG
Ø Mapei S.p.A
Ø Fosroc
Ø Cico Group (India).
Global Construction Additives
Market
The global construction additives
market is expected to witness a phenomenal growth during the forecast period.
This is due to the considerable growth in the construction industry with
population boom along with declining interest rates, which has propelled the
housing market in various regions. The growth is primarily attributed to rising
incomes from the economic growth have boosted housing and construction market
in various countries, which is likely to continue during the forecast years.
The Asia Pacific region is currently the leading region in global construction
additives market, followed by North America. Middle East & Africa is also
expected to grow at a high CAGR, owing to high construction activities, coupled
with increasing demand for enhanced additive products.
This
research report provides insights, on various levels of analysis such as
industry analysis, and market share analysis for the leading players along with
their profiles. It also helps in studying the target segments by providing
views on emerging & high-growth segments. The market data comprises the
basic assessment of the competitive scenarios & strategies in the global
construction additives market, including high-growth regions and/or countries,
and political, & economic environments. The project report, further,
provides views on both the historical market values and pricing & cost
analysis.
Asia Pacific Construction Additives
market is expected to grow at the highest CAGR
Currently,
the Asia Pacific region is the largest consumer of construction additive
products. China, U.S., and Germany are among the major markets of construction
additives, globally. The Asia Pacific construction additives market is
projected to register the highest CAGR during the forecast period. The rising
number of infrastructural activities and the population in China, Japan, and
Australia, drive the growth of the Asia Pacific construction additives market.
Additionally, other emerging economies such as South Africa and countries in
the Middle East and South America are experiencing high demand for residential
and commercial constructions. The rapid urbanization in these countries demand
faster and cheaper construction of buildings and facilities without
compromising on quality. The rise in the number of government investments in
infrastructural constructions, further boosts the growth potential of the
construction additives market in these regions.
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