Saudi Arabia Cement Additive Market - Segmented by Type, Application, and Sector - Growth, Trends, and Forecast (2018 - 2023)
The Saudi Arabia cement additive market is expected to register a moderate CAGR during the forecast period, 2018 - 2023. Cement additives are chemicals & materials that are blended into base cement slurries to alter the performance of the cement. The market is expected to increase rapidly in emerging economies, owing to its rapid growth from the construction industry. Cement additives are generally added during both production stage, as well as application stage of cement. These are the basic raw materials that are widely applied in the construction industry & its market is widely dependent on the construction industry growth in any region.
Soaring Demand in Infrastructure and Construction Industry
Factors driving the cement additives market include the rising demand from cement industry and market entry of foreign investors in Saudi Arabia. The country is also focusing on increasing transportation infrastructure, such as metro projects, railway projects, airports, and road construction to increase connectivity in the country and has expansive plans for the development of social infrastructure, transportation, and energy & utility construction in the country.
Increasing government investment to support local infrastructure, such as power plants, water treatment plants and aviation academy, has provided huge opportunity for cement additives market in Saudi Arabia.Furthermore, recent opening of 1.8 million metric tons per year capacity of alumina refinery in the kingdom, has boosted the supply of basic raw materials for cement additives in Saudi Arabia.
Processing Additives type to Dominate the Market
Processing additives majorly constitute grinding aids. Accelerants and retardants are added to the process for process enhancements. Grinding aids used are in cement mills to reduce the energy required for grinding the clinker with more fineness. These aids also include performance enhancers, which have a positive effect on the hydration of cement and improve strength development.
November 2017: Saudi Arabia's decision to lift its cement export ban may help to meet Qatar's growing demand ahead of the FIFA World Cup 2022.
Major Players: Sika AG,BASF SE,Fosroc,Saint Gobain Weber-Sodamco, and Global Gypsum Co., Ltd., among others.
Reasons to Purchase this Report
To understand the impact of major applications on the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating sectors in the market
Countries expected to witness the fastest growth during the forecast period
Identifying the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in Excel)
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