The global cement additive market demand is expected to drive at a high rate on account of increasing construction activities in developing markets such as India, China, Vietnam, Brazil, and Egypt. Global industry demand is expected to grow at a CAGR of approximately 8.2% from 2015 to 2022. Global market demand is expected to be valued at around USD 16.1 billion in 2015 and is expected to be over USD 25 billion by 2017. Improvements in the U.S. construction industry are expected to drive the regional cement additive demand over the forecast period. Developed markets of Japan and Western Europe are also expected to witness slow but significant demand growth in the future on account of its huge product consumption rate per ton of cement.
Increasing construction activities in developing countries such as India, China, and Vietnam are increasing cement consumption rates, which in turn is expected to contribute significantly towards overall cement additive industry growth. Consumer preferences for improved and high-quality cement are expected to boost the overall product consumption rate in the future as cement additives are helpful in increasing product strength, and are capable of providing waterproofing features, enhanced chemical resistance, color, and high water reduction. The global cement additive industry is expected to be restrained by established infrastructures in developed regions such as North America and Europe. The industry is segmented on the basis of type and application. The type category includes fiber, chemical, and mineral. Fiber additive is further segmented into steel and synthetic fiber.
Chemical is segregated into normal plasticizers, waterproofing admixtures, retarding agents, super-plasticizers, and other coloring agents. Mineral includes rice husk ash, silica slag, and fly ash. Mineral additive demand is expected to drive on account of increasing initiatives for optimum utilization of industrial waste products such as blast furnace slag and fly ash. On the other side, chemical additive industry growth will be driven by increasing plasticizers and water reducers demand in high performance and self consolidation concrete (SCC) areas. The application segment includes residential, industrial, commercial, and others. The residential segment is expected to grow at the fastest CAGR in future. Asia Pacific was the leading cement additive market followed by North America and Europe. China dominated the Asia Pacific industry and is expected to witness high growth over the forecast period owing to increasing enhanced grade water reducers demand in the country.
India is also expected to witness significant growth in the future. Growing requirements for industrial buildings, commercial infrastructure, and expanding road & railway network in China is expected to drive demand for cement additives. Further, the Chinese government is also providing incentives for using industrial waste as a mineral additive for multiple application areas, which is expected to strengthen APAC growth trend. Rising cement demand in developed countries, such as Spain, the U.S., and Italy, on account of renovation and infrastructure maintenance are also expected to contribute significantly towards the global cement additive industry development. Middle East & Africa is also expected to grow at a positive CAGR owing to high construction activities coupled with increasing demand for enhanced additive products.
The global cement additive market is medium consolidated with a limited number of industry participants. Major companies are DOW Chemical Company, China National Bluestar Group Company Limited, BASF, Heidelberg Cement, AkzoNobel, Kao Corporation, W. R. Grace and Company, USG Corporation, Lanxess, and Sika. The industry is expected to have a huge number of new entrants over the forecast period owing to continuous developments in the construction industry coupled with growing consumer preferences for high-quality cement. The cement additive market is also expected to have high expansion activities by multinationals and well-established companies. Mergers and acquisition activities are expected to be seen over the forecast period.
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