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The cement additives market size is estimated to grow at a CAGR of 7.49% between 2022 and 2027. The market size is forecast to increase by USD 11,836.64 million. The growth of the market depends on several factors, including increasing demand for plasticizers, increasing urbanization, and the increase in residential projects in APAC.
This cement additives market report extensively covers market segmentation by type (chemicals, minerals, and fiber), end-user (residential and non-residential), and geography (APAC, Europe, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The increasing demand for plasticizers is notably driving the market growth, although factors such as the increase in construction costs and lack of skilled workforce may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increasing demand for plasticizers is a major factor driving the global cement additives market share growth. Sulfonated naphthalene formaldehyde, polycarboxylic acids, sulfonated melamine formaldehyde, lignosulfonates, and others are some of the widely used plasticizers in cement. These are added to concrete to reduce the water content to achieve a certain degree of workability. With the increase in paste quality, the concrete mixture acquires higher compressive and flexural strength, increased resistance to weathering, lowers volume change from drying, reduces permeability, improves the bond between concrete and reinforcement and wetting, reduces shrinkage cracking tendencies, and other related properties.
The demand for plasticizers has been increasing in regions such as APAC. This is due to the presence of countries such as China, which is one of the largest users of plasticizers in the global market in terms of volume. In regions such as North America and Europe, the demand for plasticizers will be low as compared with APAC. This is attributable to stringent regulations in North America and Europe. In rest of the high demand for cement due to infrastructure growth in the Middle East, Africa, and South America will foster the growth of the global market.
The shift toward sustainable practices in the cement industry is another factor supporting the global cement additives market share growth. Alternative fuels such as waste oil, non-recyclable plastics, pre-treated industrial and municipal wastes, textiles, and paper residues are being used successfully in many regions. Construction and demolition wastes such as demolition wood, used carpets, and old asphalt shingles are also commonly used as low-carbon alternative fuels. The alternative fuels that are used in cement kiln mitigate CO emissions during the production of cement. The cement kilns additionally make more efficient use of the calorific value of waste material than the individual waste incinerators.
An overall reduction in the quantity of CO emissions reduces the environmental impact of the greenhouse gases released during the combustion of wastes. The use of alternative fuels in the manufacturing of cement is beneficial for two reasons, one for the conservation of non-renewable resources and the other for the reduction of waste disposal requirements. The net decrease in CO emissions achieved by replacing coal with waste in cement kilns is significant. Due to such reasons, the demand for the market will continue to grow during the forecast period.
The increase in construction costs and lack of skilled workforce will be a major challenge for the global cement additives market share growth during the forecast period. The construction industry uses materials such as stainless steel, hardened steel, cast iron, cement, concrete, bricks, aggregates, and others. The cost of cement accounts for about 1%-15%, the cost of steel accounts for 8%-10%, and other materials account for 25%-30% of the total cost incurred for construction. The availability of these materials creates a cycle of variable pricing wherein the increase in the prices of one building material increases the total cost of construction, thereby increasing the overall construction costs.
Construction projects worldwide require a skilled workforce for jobs such as concreting, plastering, shuttering, laying the foundation, and reinforcement of beams and columns. A shortage of skilled workforce affects the construction industry, and the cement industry is directly correlated to the construction industry. The labor cost accounts for 25%-30% of the total cost of construction. The shortage of skilled workforce forces construction players to pay a premium price for the workforce, which has a direct impact on the financials of the already financially constrained construction companies. Essentially, this will hamper the growth of the market.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Cement Additives Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Ashland Inc.: The company offers cement additives such as Aqualon starch ethers, Silipon air-entraining agent.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the chemicals segment will be significant during the forecast period. Chemical additives are the most widely used additives in the global cement additives market. These additives reduce the cost of construction, ensure the consistent quality of concrete, and modify properties of hardened concrete during transportation, placing, mixing, curing, and overcoming certain emergencies during concrete operations.
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The chemicals segment was valued at USD 10,660.63 million in 2017 and continued to grow until 2021. The growth of the chemical additives segment is driven by the growing demand for water reducers in high-performance self-compacting concrete and the increasing acceptance of superplasticizers. Acrylic copolymer emulsions are used as water repellents and calcium chloride is used as cement accelerators to extend the curing time of cement and concrete. The chemical additives market is expected to grow and exhibits moderate growth rates. This growth is due to the increasing number of residential and non-residential construction projects worldwide. In APAC, the Middle East, and Africa, the growth of the construction market has significantly increased the demand for cement additives, especially waterproofing chemicals, plasticizers, and retarders during the forecast period.
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APAC is estimated to contribute 65% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. India, China, and Japan are notable consumers of cement additives in the region. China has been dominating the cement industry in the APAC and is expected to witness high growth over the forecast period due to the increasing use of advanced water reducers in the country.
In China, the construction industry is expected to grow substantially, owing to the development of smart city projects in the country. These smart cities will include hi-tech business parks, commercial and public amenities, and housing for residents. Under its current 5-year plan, the Chinese Government plans to invest around USD 70- USD 75 billion in the development of these smart cities. With the development of these cities, the demand for cement additives is expected to grow. Furthermore, the government of China is also providing incentives for using industrial waste as a mineral additive for many applications, which is expected to strengthen the market growth in APAC.
In 2020, the COVID-19 pandemic affected the growth of several industries in APAC, including the construction industry, as many projects were put on hold, primarily during the first half of 2020. However, the implementation of mass COVID-19 vaccination programs across various countries in the region, including India, Vietnam, Indonesia, and Japan, led to the resumption and revival of the growth of the regional construction industry from the end of 2021. Thus, the growing construction industry in various countries of the region will drive the growth of the cement additive market in APAC during the forecast period.
The cement additives market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes the global cement additives market as a part of the global specialty chemicals market. The global specialty chemicals market covers products and companies engaged in high-value-added chemicals used in the manufacturing of a wide variety of products, including, but not limited to, fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.
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Cement Additives Market Scope |
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Report Coverage |
Details |
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Page number |
169 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.49% |
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Market growth 2023-2027 |
USD 11,836.64 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
5.67 |
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Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 65% |
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Key countries |
US, China, India, Indonesia, and UK |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Ashland Inc., BASF SE, Compagnie de Saint Gobain, Dow Inc., Elkem ASA, European Concrete Additives, Fosroc International Ltd., Global Drilling Fluids and Chemicals Ltd., Halliburton Co., Knauf Digital GmbH, Mapei SpA, MR Bond Polychem, Nan Pao Resins Chemical Co. Ltd., OMNOVA Solutions Inc., Oscrete UK Ltd., Solvay SA, Sterling Auxiliaries Pvt. Ltd., UNISOL Inc., Universal Drilling Fluids, and Sika AG |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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