Construction Additives Market Growth Analysis | 2022-2028

Market Insights

The construction additives market was estimated at USD 20.13 billion in 2021 and is likely to grow at a CAGR of 7.08% during 2022-2028 to reach USD 32.64 billion in 2028.

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The growing demand for construction additives is mainly owing to the increasing number of construction activities in both, the residential and commercial sectors, which is majorly driving the market.

What are construction additives?

Construction additives are chemical compounds used in buildings and infrastructure to make the project durable and strengthen the structure. They also help to minimize the quantities of cement and water used in construction.

Construction additives are of different types, such as chemical, mineral, and fiber, and are used in different end-use sectors, such as residential, commercial, and infrastructure.

Key Players

Some of the major construction additive manufacturers are-

• BASF SE
• W. R. Grace and Company
• RPM International
• Dow Inc.
• Sika AG
• Fosroc International
• MAPEI

Segments' Analysis

By Additive Type

Based on the additive type, the market is segmented as chemical, mineral, and fiber. Construction additives enhance the chemical as well as the physical properties of concrete. The chemical additive segment is estimated to grow at the highest rate during the forecast period on account of its properties, such as weather resistance, durability, compressive strength, and improvement in the quality of the structure.

By End-Use Sector Type

Based on the end-use sector type, the construction additives market is segmented as residential, commercial, and infrastructure. The commercial segment leads the market owing to the rise in the construction of non-residential buildings and institutes. Further, the gradual preference of building contractors for eco-friendly, cost-effective, latest building techniques, and the use of ready-mix concrete are the major factors for the dominance of this segment.

Regional Insights

In terms of regions, Asia-Pacific is estimated to register the highest growth in the construction additives market during the forecast period. The market is mainly driven by fast urbanization, leading to the construction of residential and non-residential buildings without compromising the quality of buildings and increasing government spending on infrastructural development activities.

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Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market. 

The market is segmented into the following categories. 

By Additive Type

• Chemical
• Mineral
• Fiber

By End-Use Sector Type

• Residential
• Commercial
• Infrastructure

By Region

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

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 10 detailed primary interviews with the market players across the value chain in all four regions and with 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 the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

Report 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 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the additive types by end-use sector type.  

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.