Market Insights
Cement additives are materials that are added to cement during its manufacturing process to improve or modify its properties. These additives are carefully selected and formulated to enhance specific characteristics of cement, such as the increase in workability, enhancement of strength, durability, increase in setting time, and other performance factors. They also help in reducing water usage, improving the finish and appearance of structures, and providing resistance to chemicals, abrasion, and cracking. Additionally, cement additives can optimize cement production processes, leading to cost savings and increased efficiency.
With urbanization and industrialization, there is a rising demand for residential, commercial, and infrastructure projects, such as buildings, roads, bridges, and dams. These projects require large quantities of cement, and the demand is expected to continue growing. Consequently, the rapid growth in construction activities and demand for rich quality cement are the major factors driving the cement additives market.
During the COVID pandemic, several countries implemented lockdowns and restrictions on construction activities to contain the spread of the virus. This led to delays in construction projects, including infrastructure, residential, and commercial buildings. Moreover, the cement industry witnessed a disruption in its entire supply chain. As a result, the demand for cement additives decreased significantly, which ultimately resulted in a decline in the global market.
Post pandemic, primarily driven by the large demand in the construction industry, the cement additives market recorded substantial growth during 2020-2021 and 2021-2022, marking the industry’s recovery. It is also expected that the market would witness a decent growth pattern in the years to come. Overall, the cement additives market is likely to grow at a decent CAGR of 4.5% in the long run to reach US$ 1 Billion in 2028.
Recent Market JVs and Acquisitions:
There have been some major mergers and acquisitions in the industry in recent years, which have significantly influenced the market dynamics in the cement industry. For example:
- In May 2023, Sika AG completed the acquisition of MBCC Group, an affiliate of Lone Star Funds, a global private equity firm, thereby, becoming the undisputed market leader in the chemical admixtures market. In order to close the transaction and comply with the regulatory requirements, Sika AG sold MBCC Group’s chemical admixtures assets in the UK, the USA, Canada, Europe, Australia, and New Zealand to Cinven, the international private equity firm.
- In September 2022, Saint-Gobain acquired all the outstanding shares of GCP Applied Technologies for US$ 32 per share in cash in a transaction valued at approximately US$ 2.3 billion. As a result, the GCP businesses, consisting mainly of concrete admixtures and cement additives, will be combined with the Chryso businesses and become part of the High-Performance Solutions segment. Earlier, in September 2021, Saint-Gobain completed the acquisition of Chryso, a global player in the construction chemicals industry.
Segments' Analysis
|
Segmentations
|
List of Sub-Segments
|
Dominant and Fastest-Growing Segments
|
|
Product-Type Analysis
|
Grinding Aids, Strength Enhancers, Performance Enhancers, and Others.
|
Grinding aid is anticipated to be the biggest demand generator as well as to witness the fastest market growth in the years to come.
|
|
End-Use Type
|
Residential Structures, Non-Residential Structures, and Infrastructures
|
Residential structure is expected to be the dominant and fastest-growing segment during the forecast period.
|
|
Application Type
|
New Construction and Renovation
|
New construction is likely to generate the largest market demand as well as witness the faster growth in the foreseen years.
|
|
Regional Analysis
|
North America, Europe, Asia-Pacific, and The Rest of the World
|
Asia Pacific is expected to be the dominant market and the fastest-growing market in the next five years.
|
Product Type
The cement additives market is segmented into grinding aids, strength enhancers, performance enhancers, and others. Among these sub-segments, grinding aids are expected to be the biggest market category as well as is likely to witness the fastest growth during the forecast period. These additives facilitate the grinding of clinker, which is the main component of cement, and enhance the grinding process by reducing energy consumption and increasing the production capacity of cement mills. These additives also provide additional benefits such as increased grinding efficiency, improved cement quality, and enhanced strength development.
End-Use Type
The market is segmented into residential structures, non-residential structures, and infrastructures. Among these sub-segments, residential structures are expected to remain the dominant as well as the fastest-growing end-use type in the market during the forecast period as a result of the noticeable growth in population, urbanization, lifestyle, and other social factors in recent years, which are likely to fuel the demand for homeownership and investment opportunities in residential real estate, thereby, driving the usage of cement additives in the housing sector, in the coming years.
Application Type
The market is segmented into new construction and renovation. Among these sub-segments, new construction is expected to remain the dominant application type in the market in the upcoming years. The cement additives are crucial in new construction projects because they help optimize the performance of concrete, improve its workability, durability, and strength, and allow for customization to meet the complete project requirements.
Regional Analysis
Asia-Pacific is expected to remain the largest market for cement additives during the forecast period. Some of the key Asian countries contributing to the growth of the cement additives industry include China, India, Japan, South Korea, and Southeast Asian nations such as Vietnam, Indonesia, and Thailand. These countries have been investing heavily in infrastructure projects such as roads, bridges, railways, airports, and residential and commercial buildings, creating a significant demand for cement additives. Concurrently, key economies such as India and China are incessantly experiencing rapid economic growth, which simultaneously increases regional disposable incomes and construction activities.
The cement additives market is segmented into the following categories:
By Product Type
- Grinding Aids (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Strength Enhancers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Performance Enhancers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By End-Use Type
- Residential Structures (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Non-Residential Structures (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Infrastructures (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Application Type
- New Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Renovation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, Turkey, Italy, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, India, Japan, South Korea, Indonesia, and The Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Egypt, Saudi Arabia, Iran, and Others)
Key Players
The market for cement additives is densely populated. The market is competitive with the presence of several regional and global players. Most of the major players compete on some of the governing factors, including price, product offerings, regional presence, etc. The following are the key players in the cement additives market:
- Compagnie de Saint-Gobain S.A
- MBCC Group
- Sika AG
- MAPEI S.p.A
- The Euclid Chemical Company
- PROQUICESA
- Fosroc International Ltd.
- Holderchem
- CAC Admixtures
- Sintez OKA Group of Companies
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s cement additives market realities and future market possibilities for the forecast period. The report segments and analyses the market in the most detailed manner in order to provide a panoramic view of the market.
The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for existing and new players
- Key success factors
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com
