Construction Additives Market Size, Share & Trends Report

Construction Additives Market Size, Share & Trends Analysis By Type (Chemical, Mineral, Fiber), By End Use (Residential, Commercial, Infrastructure), By Region, Competitive Landscape, And Segment Forecasts, 2018 - 2025

  • Published Date: Feb, 2018
  • Base Year for Estimate: 2016
  • Report ID: GVR-2-68038-092-7
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2015
  • Number of Pages: 116

Industry Insights

The global construction additives market size was estimated at USD 17.96 billion in 2016. Construction additives are gaining greater significance owing to revival of the construction industry after the economic crisis in 2008. The market is also growing with rising commercial and residential construction projects, fueled by rapid urbanization in developing countries such as China and India. In addition, increasing awareness regarding the advantages of using additives amongst builders, architects, and those involved in construction is likely to propel the market over the coming years.

U.S. construction additives market

The mechanical properties of construction materials with additives enable redesigning of connections such as bridges and roads. These properties also encourage easy and fast formation of buildings and infrastructure. The desired properties of additive materials create strong bonds in infrastructure, which, in turn, provide prolonged performance. These trends are anticipated to drive market growth from 2017 to 2025.

Growth of the construction sector across the world, especially in Asia Pacific and North America, is expected to drive the market. Asia Pacific is the largest consumer of these materials. Outstanding economic performance of the region is expected to nurture the growth of the market for construction additives. Additionally, a massive construction industry in China and India is anticipated to provide tremendous opportunities for use of these materials.

Manufacturing of construction additives requires advanced technology and highly skilled labor to handle the same. Moreover, expensive raw materials and requirement of skilled personell add to cost of production. This increases initial investment, which is projected to hamper market growth. 

Type Insights

Chemical construction additives are anticipated to form the largest segment by type over the forecast period. Chemical additives such as water-reducing, plasticizers, air-entering, accelerating, and retarding are used for specific purposes. Increasing use in multi-storey residential and commercial buildings is expected to further this segment.

Minerals form the second most used additive type in the construction industry. However, increasing environmental restrictions in many developed countries is acting as a restraint to this segment. Fibers form one of the fastest-growing segments, with increasing use in major infrastructure projects all over the world. Fiber additives help contractors avoid cracks in structures, thus improving its lifespan.

End-use Insights

The commercial sector is anticipated to emerge as the largest end-use segment in the market. The segment is also the fastest growing end-use segment owing to increasing use of construction additives in construction of shopping centres,offices, malls, colleges, schools, universities, and hospitals. Expansion of the hospitality industry around the globe is expected further spur market growth.

Global construction additives market

Increase in infrastructure spending, coupled with rapidly growing population in Asia Pacific, especially in China and India, is expected to drive the infrastructure and residential segments over the forecast period. Additionally, increasing disposable income and growing awareness are expected to propel market growth. 

Regional Insights

Asia Pacific is expected to be the largest regional construction additives market over the forecast period. Increasing infrastructure activities due to various government initiatives such as One Belt One Road (OBOR) and China Pakistan Economic Corridor (CPEC) in China and Bharat Mala project in India are likely to drive the regional market over the forecast period. Additionally,rapid growth in population in countries such as China and India is likely to increase demand for residential construction.

A reviving housing sector and increasing hospitals in U.S. and Europe are major factors driving these regional markets. Middle East and Africa is one of the fastest growing markets, owing to its massive construction sector. Focus of Middle Eastern countries such as United Arab Emirates, Qatar, and Saudi Arabia on transforming the petroleum-centric economy into a tourism- and business-focused one will benefit the market for construction additives in MEA. Furthermore, construction of artificial islands and skyscrapers in these countries is expected to drive the market from 2017 to 2025.    

Construction Additives Market Share Insights

The market is oligopolistic in nature with the presence of both local and global players. Some of the major players in the industry are Sika AG, BASF SE, and Dow Chemicals. Market players have heavily invested in research and development of high-performance products, which can strengthen the construction and render it durable for a longer time. Companies are setting up production facilities overseas, especially in Asian countries, to tap the growing market potential.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 and 2015

Forecast period

2017 - 2025

Market representation

Volume in Kilotons; Revenue in USD Billion and CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Country scope

U.S., Germany, U.K., France, China, India, Japan, Brazil,

Report coverage

Revenue forecast, competitive landscape, growth factors and trends

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis on latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global construction additives market report on the basis of type, end use, and region:

  • Type Outlook (Volume, Kilotons; Revenue, USD Billion, 2014 - 2025)

    • Chemical

    • Mineral

    • Fiber

  • End-use Outlook (Volume, Kilotons; Revenue, USD Billion, 2014 - 2025)

    • Residential

    • Commercial

    • Infrastructure

  • Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2014 - 2025)

    • North America

      • U.S.

    • Europe

      • Germany

      • U.K.

      • France

    • Asia Pacific

      • China

      • Japan

      • India

    • Central & South America

      • Brazil

    • Middle East & Africa

      • Saudi Arabia

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