Global Cement Additive Market Insights, Opportunity Analysis, Market Shares and Forecast, 2016 - 2022
The global cement additive market is estimated to grow to about $25 billion USD at a CAGR of 8.2% during the forecast period of 2016-2022. The preference of consumer for high and improved quality of cement along with its properties of providing strength along with its waterproofing feature, color, high water reduction, and enhanced chemical resistance is helping the market growth over the globe. The rising demand for construction activities and increasing development in developing countries are the major factor for driving the market of cement additive. Due Rise in global economy and increase in urban population, mainly in Asia pacific region, the demand for cement additive is set to rise. The stringent initiatives taken by government and increasing investments for developing the infrastructure in emerging markets such as China and India are likely to drive the product demand over the forecast period. Thus, based on geography Asia pacific is seen to hold the largest market share for cement additive market during the forecast period. Environmental concern is also the reason which are impacting the market negatively.
The market of cement additive is categorized on the basis of type, and application, and on the basis of geography. On the basis of type the cement additive market is segmented by fiber which is further sub-segmented as steel fiber and synthetic fiber. The other type of cement additive is mineral which is then segmented to silica slag, rice husk ash, and fly ash. Next type of cement additive is segmented by chemical which is further classified as normal plasticizers, waterproof admixtures, super plasticizers, retarding agents and other coloring agents. Based upon the application the market of cement additive is segmented as residential, commercial, and industrial and other applications.
On the basis of the geography the cement additive market is mainly segmented into North America, Latin America, Europe, APAC and the rest of the world. Asia pacific is meant to drive the cement additive market followed by North America and Europe. China is responsible for dominating the market in Asia pacific region and is expected to witness high growth rate over the forecast period on account of increasing enhanced grade water reducers demand and specialty products in the country. Moreover, due to increase in requirement for commercial infrastructure, industrial buildings and expanding railway and road networks for highways and bridges in countries like India and China are also the factors which are increasing the demand for cement additives. Due to the incentives which are provided by the Chinese government for using industrial waste as mineral additives for numerous application areas is thereby responsible strengthening the growth trend in Asia Pacific region.
The cement additive market is dominated by some of the major key players such as China National Blue Star Group Co Ltd., BASF SE, Heidelberg Cement, DOW Chemical Company, Kao Corporation, Sika AG, USG Corporation, W.R Grace & Co these are the key player who dominate the world market with 50% share of global cement additive market.
Please note: The delivery time for the electronic version of this report is between 1-3 business days to allow the preparation of an updated version prior to dispatch.