Market Research Future (MRFR) studied the Cement And Concrete Additive Market 2023 across the review period till 2030. The cement and concrete additive market can rise at about 8.16% CAGR across the analysis period. The worldwide global cement and concrete additives market can earn about USD 32,706.5 Mn by 2030. The gradual expansion of the construction industry sector and rise in infrastructure development can promote expansion of the market. In addition, the rise in the count of renovation projects can also promote market rise. The rise in demand for high-performance construction materials and effective construction technological innovations are other factors that are expected to favor the market rise. The introduction of 3D printing technologies for construction and rise in the establishment of developing start-ups can promote rise of the worldwide cement and concrete additives market in the near future.
Market Segmentation
The segment analysis of the global cement and concrete additives market is done by application, and type.
The type-based segments of the cement and concrete additives market are mineral, chemical, and Pitch-Based Carbon Fiber. The chemical additives segment can earn decent share of the considerable revenue for the worldwide market. The rise in number of cement suppliers can favor the market rise in the analysis period. The chemical additives segment can win about USD 15,127.4 Mn by 2023. The mineral segment can also support market surge in the assessment period.
The application-based segment of the cement and concrete additives market are industrial, commercial, and residential among construction. The residential construction segment can contribute significantly to the market rise. The Cement Tiles Market can win about USD 14,589.8 Mn by 2023 for the global market.
Regional Analysis
North America cement and concrete additives market can rise at decent pace as it is expected to secure about 50% share of the worldwide market in the review period. Europe, the Middle East and Africa, Latin America, and Asia Pacific are other regions that are studied for the global market. In Asia Pacific, the cement and concrete additives market expansion can be attributed to increase in need for consumer satisfaction. APAC cement and concrete additives market value can touch about USD 16,385.4 Mn by 2023. The increase in global populace and rise in urbanization across, along with growing demand for residential construction can favor expansion of the cement and concrete market in the review period. In North America, the increase in number of job opportunities can promote expansion of the regional market through the analysis period. Europe cement and concrete additives market rise can be attributed to gradual rise in need for effective constructions. Technical advances and rise in demand for construction materials that offer lasting impact can also support the regional market rise in the years to come.
Competitive Landscape
GCP Applied Technologies Inc. (U.S.), Concrete Additives & Chemicals Pvt. Ltd., Lafarge Cement Australia Holdings Pty Ltd., Yara International A.S.A. (Norway), Birla Corporation Sika AG, Elkem A.S.A. (Norway), Huntsman International L.L.C., CEMEX S.A.B. de C.V. (Mexico), Borregaard LignoTech (Norway), BASF SE, Fosroc Inc. (U.K.), Kao Corporation, Engro Corporation Limited, Cemented (Australia), LANXESS, Chevron Phillips Chemical Company, Oscrete Construction Products (Australia) among others.
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