Construction Additives Market was valued at USD 19.5 billion in 2021 and is forecast to touch USD 29.0 billion in 2029, and the market is expected to grow at a CAGR of 5.1% from 2022-2029 attributed to rapid growth in the construction activities worldwide.

To have an edge over the competition by knowing the market dynamics and current trends of “Global Construction Additives Market”, request for Sample Report here

Major Construction Additives Market Drivers

Construction additives market is primarily driven by growing demand for high-quality building supplies, increasing population growth rates, rising urbanization, rising population growth rates and large-scale investments in infrastructure projects. Urbanization has increased rapidly in the last two decades. Urbanization worldwide has helped people come out of poverty, as people are migrating to urban areas for better work opportunities. As urbanization is rising, demand for affordable houses and various commercial centers is also increasing, which is positively impacting the construction industry. As per United Nation’s estimates, in 2018, more than 50% of the world’s population was living in urban areas, this figure is projected to increase to reach 68% by 2050. Majority of this increase will happen in developing countries in Asia and African region like India, Nigeria and China, as the governments are focussing to build new cities and towns. As urbanization is growing rapidly, demand for the construction of new residential apartments, commercial and industrial facilities, are increasing which will create lucrative growth opportunities for construction additives market in the coming years.

Additives finds its application in the construction industry for improving strength of cement and other building materials. Construction additives can withstand adverse climatic conditions, minimizes the quantity of water used in cement, and are resistant to external damage. Furthermore, construction additives increase physical and chemical properties of concrete, which helps in producing concrete less cracks and defects. Governments in various countries are focussing on increasing their spending on the construction of tunnels, bridges and roads, to improve logistic infrastructure in their construction, which is expected to create growth opportunities for construction additives manufacturers to expand their business. For instance, the government of India allocated around INR 2.1 lakh crore to the ministry of roads, transport, and highways for FY 2023 for constructing roads, tunnels, highways, and expressways in the country. This budget allocation is approximately 25% more as compared to revised estimates for 2022-23. However, additives like plasticizers are majorly made from raw materials like crude oil, natural gas and coal. In the international markets, prices of these commodities are fluctuating rapidly, which is negatively impacting the demand for construction additives. Growing uncertainties in the crude oil prices in recent times is majorly driven by on-going Russia Ukraine conflict. As per recent estimates, prices of brent crude oil reached more than USD 100 per barrel in March 2022. Such trends are restricting the growth of construction additives market.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Based on Type, Chemical segment is forecast to grow at a higher rate.

Construction additive companies are focussing on launching high strength concrete with less water content, which is one of the major factors driving the chemical additives segment. Chemical additives are increasingly used in construction projects to increase strength and durability of structure. Additionally, chemical additives increase life cycle of the construction work and offers protection against any environmental hazards.

Based on End-Use, Commercial segment is projected to grow at a faster CAGR.

Building contractors are increasingly using construction additives for building modern and environment friendly structures, which is propelling the segment’s growth. In developing companies, usage of ready-mix concrete for building high-rise concrete buildings, bridges and civil infrastructure projects is increasing, which is expected to create growth opportunities for construction additives market in the coming years.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Customization here

Based on Region, Asia-Pacific region is forecast to hold the largest market share.

Asia-Pacific construction additives market is driven by surge in the demand for residential and non-residential structures, presence of huge population across India and China and rise in government’s spending on construction projects. For instance, the Chinese government is planning to spend around USD 1 trillion on infrastructure projects including construction of canals, reservoirs, dams, roads and gas pipelines.

In North American region, consumers are spending more on the renovating their old structures coupled with expanding healthcare industry, high per capita incomes, are accelerating the growth of construction additives market. Moreover, various countries in Middle east region are witnessing high demand for residential and commercial constructions. Demand for construction additives in the Latin American region is growing due rapid growth in the construction industries in Brazil and Argentina.

Top Market Players:

Major players operating in the construction additives market are construction additives market are BASF SE, W.R. Grace & Company, RPM International Inc., Fosroc, Inc., Dow Inc., Sika AG, PAC Technologies, LLC, Thermax Limited, MAPEI S.p.A., and Krete Industries, Inc., among others.

Key Developments:

• • In June 2022, Sika AG a major speciality company based out of Switzerland, opened a manufacturing plant for concrete admixtures in Virginia, United States. This manufacturing plant is company’s second biggest plant in the country. Combined with Sika’s this new plant and existing plants, company will be able to service its customers in Mid- Atlantic and Northeast regions more efficiently.
  • In March 2022, Sika announced that it has completed the acquisition of Sable Marco Inc., which is a supplier of cement products and mortars, based out of Canada. Through this acquisition Sika plans to expand its presence in the Eastern region of Canada.
  • In July 2021, Dow Inc., announced its plans to expand capacity of propylene glycol propylene, silicone and other speciality materials to cater the increasing demand from end-markets such as building & infrastructure, and consumer & electronics etc.
  • In December 2019, Lone Star Funds, a private equity based in United States completes acquisition of BASF’s construction chemicals business. The purchase price on cash and debt free basis on this acquisition was €3.17 billion. This acquisition helped company to expand its presence in the construction material industry.

Segments Covered in the Report:

The construction additives market has been segmented based on Type, End-Use, and Region. Based on Type, the market is segmented into Chemical, Mineral, and Fiber. Based on End-Use, the market is segmented into Commercial, Residential, and Infrastructure.

For detailed scope of the “Global Construction Additives Market” report request a Sample Copy of the report

Report Coverage	Details
Market Revenues (2021)	USD 19.5 billion
Market Base Year	2021
Market Forecast Period	2022-2029
Base Year & Forecast Units	Revenues (USD Billion)
Market Segment	By Type, By End-Use and By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	BASF SE, W.R. Grace & Company, RPM International Inc., Fosroc, Inc., Dow Inc., Sika AG, PAC Technologies, LLC, Thermax Limited, MAPEI S.p.A., and Krete Industries, Inc.; A total of 10 companies covered .
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Construction Additives Market by Type

• • Chemical
    • Plasticizers
    • Air-entraining agents
    • Retarding agents
    • Waterproofing agents
    • Others (Coloring agents, corrosion inhibitors, flame retardants, and fibers)
  • Mineral
  • Fiber

Global Construction Additives Market by End-Use

• • Residential
  • Commercial
  • Infrastructure

Global Construction Additives Market by Region

• • North America Construction Additives Market (Option 1: As a part of the free 25% customization)
    • By Type
    • By End-Use
    • United States of America (US) Market All-Up
    • Canada Market All-Up
  • Europe Construction Additives Market (Option 2: As a part of the free 25% customization)
    • By Type
    • By End-Use
    • United Kingdom (UK) Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Construction Additives Market (Option 3: As a part of the free 25% customization)
    • By Type
    • By End-Use
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Construction Additives Market (Option 4: As a part of the free 25% customization)
    • By Type
    • By End-Use
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Construction Additives Leading Market Players (Option 5: As a part of the free 25% customization – Profiles of 5 Additional Companies of your Choice

• • BASF SE
  • W.R. Grace and Company
  • RPM International Inc.
  • Fosroc, Inc.
  • Dow Inc.
  • Sika AG
  • PAC Technologies LLC
  • Thermax Limited
  • MAPEI S.p.A.
  • Krete Industries, Inc.