The "Construction Additives Market" is expected to witness high growth as a result of the rapid urbanization, large-scale investments in infrastructure & commercial sectors, and the rising number of construction activities in emerging economies. The chemical additives segment is projected to have the largest share and dominate the construction additives market from 2017 to 2022. The mineral additives segment is expected to play a key role in changing the construction additives market and is projected to grow at the second-highest rate during the forecast period.
The commercial sector is projected to be the fastest-growing segment in the construction additives market during the forecast period. The gradual shift of building contractors and consumers toward cost-efficient, eco-friendly, modern building techniques, and the utilization of ready-mix concrete in developing countries create growth opportunities for the construction additives market. The construction additives market size will grow from USD 20.70 Billion in 2017 to USD 28.95 Billion by 2022, at an estimated CAGR of 6.94%.
The commercial sector is projected to be the fastest-growing segment in the construction additives market during the forecast period. The gradual shift of building contractors and consumers toward cost-efficient, eco-friendly, modern building techniques, and the utilization of ready-mix concrete in developing countries create growth opportunities for the construction additives market. The construction additives market size will grow from USD 20.70 Billion in 2017 to USD 28.95 Billion by 2022, at an estimated CAGR of 6.94%.
The chemical segment, by type, to account for the largest market share in 2016
The utilization of chemical concrete additives such as plasticizers, accelerating agents, retarding agents, air entraining agents, and waterproofing additives provide flexibility to the designers to modify and enhance the physical as well as chemical properties of concrete. The market for chemical additives is growing at the highest rate due to various factors that include compressive strength, durability, surface finish, and resistance to withstand adverse climatic and working conditions as per design specifications/requirements without compromising the quality of the concrete structure.
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The Asia Pacific region accounted for the largest share of the construction additives market
Asia Pacific contributes a major market share in the global construction additives market. Due to the increasing industrialization as well as the population in China, Japan, and India, these countries are experiencing high demand for residential and commercial constructions. The rapid urbanization in these countries demands faster and cheaper construction of buildings and facilities without compromising on quality. Additionally, the increasing government investments in infrastructural constructions provide potential for the growth of the construction additives market in these countries.
Commercial construction additives to gain maximum traction during the forecast period
The commercial sector dominated the market in 2016 and is projected to be the fastest-growing end-user sector in the next five years. As a result of rapid urbanization and industrialization, this market is mostly driven by the upward surge in the demand for new constructions across the world. The increasing public and private investment in the infrastructure sector of the emerging economies of Asia Pacific, the Middle East, and South America are drivers of this growth.
Target Audience:
- Additives manufacturers
- Construction additives traders/distributers/suppliers
- Government contractors
- Architects & engineers
- Market research and consulting firms
- Regulatory bodies
- Research organizations
- Association and industry bodies
- End-use industries
Scope of the Report:
By Type:
- Chemical
- Plasticizers
- Air-entraining agents
- Retarding agents
- Waterproofing agents
- Others (coloring agents, corrosion inhibitors, flame retardants, and fibers)
- Mineral
- Fiber
By End-use Sector:
- Residential
- Commercial
- Infrastructure
By Region:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
The global construction additives market is dominated by players such as BASF (Germany), W.R. Grace (US), RPM International (US), Fosroc International (UK), Dow (US), Sika (Switzerland), Mapei (Italy), Fritz-Pak (US), PAC Technologies (UAE), Thermax Global (India), ATPL (Canada),Concrete Additives & Chemicals (India), INNUA (US), Berolan (Germany), Hupan (China), Hycrete (US), and Krete Industries (US).
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