Cement and Concrete Additive Market Growth Opportunities by Regions, Scope, Top Key Players by 2024

Market-Research

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The prominent market trends identified in the global cement and concrete additive market include shifting of population from rural to urban areas, growth in construction activities, and increasing expenditure on research activities for development of improved construction chemicals. The growth in construction projects such as highways, bridges, and buildings in urban areas is expected to draw demand for concrete and cement additives. 

Cement and concrete additives are primarily used to modify the properties of hardened concrete. These additives ensure that the concrete maintains its quality and properties during mixing, transporting, placing, and curing. Additionally, these additives reduce the cost of construction and also reduce water content, and tend to be more stable over a wider range of temperatures. 

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 On basis of additive type, the cement and concrete additive market is categorized into chemical, mineral, and fiber. Rice husk ash, silica, and fly ash are mineral additives. Chemical additives include plasticizers, waterproofing admixtures, and coloring agents. 

The cement and concrete additive market is classified on the basis of application into residential, non-residential, and others. The others category includes applications of these additives in construction of waterways, parks, bridges, and roads. Based on application, the residential category is expected to lead the market during the forecast period.

The study provides the historical as well the forecast market size data for various countries, including the U.S., Canada, France, Germany, the U.K., Italy, Spain, Japan, China, India, Brazil, Saudi Arabia, and South Africa.

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Some of the prominent players operating in the global cement and concrete additive market are Lafarge, Cement Australia Holdings Pty Ltd., Concrete Additives & Chemicals Pvt. Ltd., BASF SE, Birla Corporation, Engro Corporation Limited, Sika AG, LANXESS, Huntsman International LLC, Chevron Phillips Chemical Company, and Kao Corporation