Market
Research Future published a raw research report on Construction Additives
Market is expected to grow at~ 7% CAGR from 2017 to 2023
Market
Scenario:
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.
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 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.
Browse key industry insights spread across 111
pages with data tables and figures of the report “Construction Additives
Market Report by Type (Chemical (Plasticizers, Air-entraining, Waterproofing,
Retarding agent), Mineral, Fiber), by End-use (Residential, Commercial,
Infrastructure) and by Region - Global Forecast to 2023” in detail along
with the table of contents@ https://www.marketresearchfuture.com/reports/construction-additives-market-5170
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