Cement and Concrete Additive Market Overview, Global Supply And Demand Scenarios By 2023
The global cement and concrete additive market is witnessing growth, due to the rapid infrastructure development, increasing investment, and increasing urban population. The high growth in the global buildings and construction industry is supporting the growth of the global cement and concrete additive market. The huge investment for infrastructure projects in emerging economies such China, India, and Brazil are creating ample opportunities for the growth of global cement and concrete market during the forecast period.
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The chemical additive segment is dominated by water reducers (type of chemical cement and concrete additives), owing to its increasing high performance applications and applications as high value plasticizers used in self-consolidating concrete.
The developing economies of Asia-Pacific and Latin America, such as India, China and Brazil offer ample opportunities for the key manufacturers of cement and concrete additives to expand their geographical presence in these countries.
Among the various types of the cement and concrete additives, the chemical additive segment held the largest share in global market, and it is also projected to dominate the market during 2016 – 2022. The chemical additive segment is dominated by water reducers (type of chemical cement and concrete additives), owing to its increasing high performance applications and applications as high value plasticizers used in self-consolidating concrete.
Geographically, Asia-Pacific dominated the global cement and concrete additive market, owing to high consumption of cement and concrete additives in the region, government support for infrastructure development, and increasing urbanization. China was the largest consumer of the cement and concrete additives in Asia-Pacific, as well as across the globe.
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Some of the key players operating in the global cement and concrete additive market are BASF SE, Engro Corporation, Headwaters Incorporated, HeidelbergCement AG, JFE Holdings Corporation, Kao Corporation, Sika AG, Elementis Plc, AfriSam, and Titan Group.
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