NEW
YORK, July 1, 2024 /PRNewswire/ -- The
global cement additives market size is estimated to grow by
USD 10.38 billion from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of 6.36% during the forecast period. Increasing demand
for plasticizers is driving market growth, with a trend
towards shift toward sustainable practices in cement industry.
However, increase in construction costs and lack of skilled
workforce poses a challenge. Key market players include Ashland
Inc., BASF SE, Compagnie de Saint Gobain, Dow Chemical Co., 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., Sika AG, Solvay SA,
Sterling Auxiliaries Pvt. Ltd., UNISOL Inc., and Universal Drilling
Fluids.
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Type (Chemicals,
Minerals, and Fiber), End-user (Residential and Non-residential),
and Geography (APAC, Europe, North America, Middle East and Africa,
and South America)
|
Region
Covered
|
APAC, Europe, North
America, Middle East and Africa, and South America
|
Key companies
profiled
|
Ashland Inc., BASF SE,
Compagnie de Saint Gobain, Dow Chemical Co., 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., Sika AG, Solvay SA,
Sterling Auxiliaries Pvt. Ltd., UNISOL Inc., and Universal Drilling
Fluids
|
Key Market Trends Fueling Growth
The cement additives market is expected to grow due to the
cement industry's shift towards sustainable practices. Alternative
fuels, such as waste oil, plastics, and industrial wastes, are
successfully used in cement kilns, reducing CO2 emissions by up to
20%. Carbon capture and storage (CCS) technology, which captures
90% of CO2 emissions from industrial processes, is estimated to
reduce the cement industry's emissions by over 1,050 million tons
annually from 2050. Despite challenges, CCS can nearly halve
emissions, making it a valuable addition to the cement industry's
efforts to reduce its carbon footprint.
The cement industry relies heavily on additives to enhance
product performance and reduce production costs. Fiber additives,
such as silica and fly ash, are commonly used for strength and
durability. Retarders, like hydrous lime and cement additives, help
control the setting time. Aditives like calcium aluminate and
gypsum improve workability and fineness. Urbanization and
infrastructure development drive the demand for cement additives.
Producers focus on sustainability and cost-effectiveness, leading
to the use of waste materials as additives. The market for cement
additives is expanding, with a strong emphasis on research and
development to create innovative solutions.
Research report provides comprehensive data on
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Report
Market Challenges
- The cement additives market faces challenges due to fluctuating
construction costs and a shortage of skilled labor. Cement and
steel make up a significant portion of these costs, with cement
accounting for 1%-15% and steel for 8%-10%. Volatile economic
conditions in countries like Nigeria and Namibia exacerbate price hikes. Labor costs,
which account for 25%-30%, increase due to the shortage of skilled
workers, putting financial strain on construction companies. Slow
payments in the industry further limit their ability to invest in
workforce training. In countries such as China, the US, India, and Japan, construction costs impact building or
real estate prices. These factors hinder the growth of the global
cement additives market.
- The cement additives market faces several challenges. These
include the need for cost-effective and high-performance additives,
increasing demand for sustainable and eco-friendly solutions, and
regulatory compliance. Producers must balance the use of expensive,
high-performance additives with the need to keep costs down.
Sustainability is a growing concern, with demand for additives that
reduce clinker content and lower carbon emissions. Regulatory
compliance is also a challenge, as new regulations continue to
emerge, requiring producers to adapt quickly to maintain market
access. Additionally, the need for consistent product quality and
reliability adds to the complexity of the market.
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challenges - Download a Sample Report
Segment Overview
This cement additives market report extensively covers market
segmentation by
- Type
- 1.1 Chemicals
- 1.2 Minerals
- 1.3 Fiber
- End-user
- 2.1 Residential
- 2.2 Non-residential
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Chemicals- The cement additives market experiences
consistent growth due to the increasing demand for superior quality
concrete. Manufacturers incorporate these additives to enhance
concrete properties, such as strength, durability, and workability.
Key additives include fly ash, slag, and microsilica. Their use
results in cost savings, reduced carbon emissions, and improved
sustainability. This market trend is driven by the construction
industry's focus on energy efficiency and environmental
concerns.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
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Research Analysis
The Cement Additives Market encompasses a wide range of products
used to enhance the performance and properties of cement and
concrete. These additives include Friction Reducers, Water
Reducers, Retarders, Waterproofing Agents, Plasticizers, and
various types of Additives such as Chemical Additives, Mineral
Additives, and Fiber Additives. The use of these additives in
Construction projects is essential for Infrastructure development,
as they help reduce water consumption, improve grinding aids, and
increase the Strength and Performance of the final product. The
exportation of Cement and its related additives is a significant
industry, with key players utilizing Sodium Gluconate as a crucial
component in their production processes. Despite Lockdowns and
disruptions to Production, the demand for these additives remains
strong due to their integral role in Building and Construction
projects. Key components of cement additives include Fly Ash,
Silica Slag, Rice Husk Ash, and other Cement Additives.
Market Research Overview
The Cement Additives Market encompasses a wide range of products
used to enhance the performance of cement in construction. These
additives include fibers, retarders, waterproofing agents, and
performance enhancers. They contribute significantly to the
strength, durability, and workability of cement. The use of
additives in cement production is a global trend, with applications
spanning various sectors such as residential, commercial, and
infrastructure. The demand for cement additives is driven by
factors like increasing construction activities, growing
urbanization, and the need for sustainable and eco-friendly
construction solutions. The market is expected to grow steadily in
the coming years due to these factors and the continuous research
and development in the field.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- End-user
-
- Residential
- Non-residential
- Geography
-
- APAC
- Europe
- North America
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
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Technavio's comprehensive coverage, extensive research, and
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and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio