Global Construction Additives Market By Type (Chemical, Fiber, and Mineral), By End-use (Residential, Infrastructure, and Commercial), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Construction Additives Market Overview:

2021 saw a global construction additives market worth USD 26,741 million. This market is expected to grow at a CAGR of 7.85% between 2023-2032.

Due to the recovery of the construction industry, the importance of construction additives is growing. With increasing residential and commercial construction projects and rapid urbanization in emerging countries such as China or India, the market is expanding. Market growth will be driven by architects and builders becoming more aware of the advantages of additives.

Global Construction Additives Market Analysis

Type analysis

Chemical construction additives will be the biggest segment by type in the forecast period. Specially used chemical additives include retarding, plasticizers, water-reducing, accelerating, and air-entering. This segment will continue to expand with the increasing use of multi-story residential or commercial buildings.

Minerals are the second most popular type of additive used in the construction industry. This is due to environmental restrictions being placed in many developed countries. Fibers are one segment that is growing rapidly, and they are being used more frequently in infrastructure projects around the world. Fiber additives can be used by contractors to help prevent cracks in structures and prolong their life expectancy.

End-Use Analysis

The high market segment by end-use is expected to be occupied by the commercial sector. Due to the increasing use of construction additives in the construction and maintenance of shopping centers, universities, office buildings, schools, malls, and other institutions, this segment is the fastest-growing. The global expansion of the hospitality sector is expected to spur further market growth.

The infrastructure and residential sectors will see a rise in infrastructure spending over the forecast period. This is due to a rapid increase in population growth in the Asia Pacific, especially in China and India. Market growth is also expected to be driven by rising disposable income and increasing awareness.

Key Market Segments:

By Type

• Chemical
• Fiber
• Mineral

By End-use

• Residential
• Infrastructure
• Commercial

Market Dynamics

Construction materials that contain additives have mechanical properties that allow for the redesign of connections like roads and bridges. These properties encourage the rapid and easy building of buildings and infrastructure. These properties create strong bonds that allow for long-lasting performance. These trends will be driving market growth from 2023-2032.

Market growth is expected to be driven by the global construction sector, particularly in the Asia Pacific and North America. The largest market for these materials is in the Asia Pacific. The exceptional economic performance of the region will support the growth in the market for building additives. The huge construction industry in India and China is expected to offer tremendous opportunities for these materials.

Advanced technology is required to manufacture construction additives. Highly skilled labor is needed. The production cost is also increased by the need for skilled workers and expensive raw materials. This leads to higher initial investments, which will limit the market growth.

Regional Analysis

The Asia Pacific is the largest regional market for construction additives, accounting for 33.8% of the global revenue share. Over the forecast period, the market is expected to be driven by increasing infrastructure activities as a result of various government initiatives like One Belt One Road in China (OBOR), and the Bharatmala project in India. In India and China, there is expected to be a rapid increase in residential construction.

These regional markets are being driven by the reviving residential sector and the growing number of hospitals in the U.S., and other European countries. Because of their huge construction sector, Africa and the Middle East are two of the fastest-growing regions. The market for construction products in MEA will benefit from the focus of Middle Eastern nations such as Qatar, Saudi Arabia, and the United Arab Emirates on turning the petroleum-centric economy into a tourism and business-focused economy. These countries are expected to build artificial islands and skyscrapers, which will drive the market between 2023 and 2032.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

The market is oligopolistic, with both local and global players. BASF SE, Sika AG, and Dow Chemicals are some of the key players in the market. Market players have invested heavily in research and development for high-performance products to strengthen the construction and make it more durable. To tap into the expanding market potential, many companies have opened production facilities abroad, especially in Asian countries.

Маrkеt Кеу Рlауеrѕ:

• Ѕіkа AG
• ВАЅF SE
• W.R. Grасе & Со.
• DОW
• Сhrуѕо S.A.S
• RРМ Іntеrnаtіоnаl Inc.
• Fоѕrос Іntеrnаtіоnаl
• Мареі Ѕ.Р.А.
• Other Key Players

For the Construction Additives Market research study, the following years have been considered to estimate the market size: