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  • Construction Additives Market Growth Analysis | 2023-2028

    Construction Additives Market Growth Analysis | 2023-2028

    Construction Additives Market Growth Analysis | 2023-2028
    Report code - SRCE124 Delivery - 2 Weeks
    Construction Additives Market Size, Share, Trends, Dynamics, Forecast, & Growth Analys See more...

    Market Insights

    The construction additives market was estimated at USD 21.64 billion in 2022 and is likely to grow at a CAGR of 7.02% during 2023-2028 to reach USD 32.64 billion in 2028.

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    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.

    Construction Additives Market Highlights

    Market Size in 2022

    USD 21.64 billion

    Market Size in 2028

    USD 32.64 billion

    Market Growth (2023-2028)

    7.02% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    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

    Market Dynamics

    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.

    Construction-Additives-Market-Dynamics

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    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.

    Construction-Additives-Market-Regional-Insights

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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)

    Construction-Additives-Market-Segmentation

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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.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Construction Additives Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    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.

    Frequently Asked Questions (FAQs)

    The construction additives market was estimated at USD 21.64 billion in 2022.

    The construction additives market is likely to reach USD 32.64 billion in 2028.

    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.

    The construction additives market is likely to witness a healthy CAGR of 7.02% during the forecast period.

    In terms of regions, Asia-Pacific is projected to remain the largest market during the forecast period.

    Some of the major construction additive manufacturers are BASF SE, W. R. Grace and Company, RPM International, Dow Inc., Sika AG, Fosroc International, and MAPEI.

    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.

    The commercial segment leads the market owing to rise in the construction of non-residential buildings and institutes.