The global cement and concrete additive market is witnessing growth, due to the rapid infrastructure development, increasing investment, and increasing urban population. The high growth in the global buildings and construction industry is supporting the growth of the global cement and concrete additive market. The huge investment for infrastructure projects in emerging economies such China, India, and Brazil are creating ample opportunities for the growth of global cement and concrete market during the forecast period. Among the various types of the cement and concrete additives, the chemical additive segment held the largest share in global market, and it is also projected to dominate the market during 2016 – 2022. The chemical additive segment is dominated by water reducers (type of chemical cement and concrete additives), owing to its increasing high performance applications and applications as high value plasticizers used in self-consolidating concrete. The fiber additive segment is anticipated to witness the highest growth during the forecast period, due to the high investment for the development of infrastructure especially roads and bridges, which utilize fiber additives.
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The developing economies of Asia-Pacific and Latin America, such as India, China and Brazil offer ample opportunities for the key manufacturers of cement and concrete additives to expand their geographical presence in these countries. The high investment for infrastructure development in all sectors of these countries provides opportunities for market players to expand their product portfolio and increase their production capacity. In addition, the increasing compliance for cement and concrete additives for high value super plasticizers and other high performance applications is the key trend witnessed in the global cement and concrete additives market. However, the established infrastructure in developed countries and uncertain global economic conditions are expected to hinder the growth of the global cement and concrete additive market to some extent.
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Geographically, Asia-Pacific dominated the global cement and concrete additive market, owing to high consumption of cement and concrete additives in the region, government support for infrastructure development, and increasing urbanization. China was the largest consumer of the cement and concrete additives in Asia-Pacific, as well as across the globe. The Chinese cement and concrete market is also anticipated to witness high growth due to the several infrastructure projects under development and high growth rate of urban population.
Some of the key players operating in the global cement and concrete additive market are BASF SE, Engro Corporation, Headwaters Incorporated, HeidelbergCement AG, JFE Holdings Corporation, Kao Corporation, Sika AG, Elementis Plc, AfriSam, and Titan Group.
GLOBAL CEMENT AND CONCRETE ADDITIVE MARKET SEGMENTATION
- Chemical Additives
- Water Reducers
- Set Controllers
- Air Entrainers
- Mineral Additives
- Blast Furnace Slag
- Fly Ash
- Silica Fume
- Fiber Additives
- Highway and Streets
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