Cement additives are majorly being utilized in
the residential, commercial as well as in the industrial building construction
whereas, it is utilized in the cement to developed its functioning. They are
demanded to develop several properties of the cement such as chemical resistance,
color, developed strength, water reduction, water proofing and several others.
Moreover, the cement additives are denoted to as the chemical formulations that
are added to concrete or cement in the minor amount in order to meet the needs
regarding to the functional factors and aesthetic of the commercial and
residential structure. Furthermore, many of the players in this market are
doing significant developments in the technology for developing the properties
and decreasing the usage of different chemicals along the water which further
benefitted for increasing the demand and leading the fastest market growth with
the handsome amount of share around the globe more positively.
According to the report analysis, ‘Global
Cement Additives Market, Size Study, by Type (Chemical, Mineral, and Fiber), by
Function (Water reducers, Coloring agents, Retarding agents, Chemical
resistance, and Plasticizers), and Regional (North America, Europe, Asia
Pacific, Latin America, and Rest of the World) Forecasts, 2017-2025 (USD
Billion/Million)’ states that there are several key players which are
recently functioning in this sector more actively for dominating the high value
of market share and registering the fastest market growth throughout the
forecasted period across the globe while decreasing the construction time,
improved construction quality and lower utilization of water includes AkzoNobel
NV, Sika AG, Dow Chemical Co., USG Corporation, BASF, Kao Corporation, Lanxess
AG, Bekaert, Halliburton, and several others. Moreover, many of the players in
the market are investing the high amount of money for increasing the
construction activities and spreading awareness which further benefitted for
generating the high amount of revenue around the globe during the short span of
time.
The Global Cement Additives Market industry
appreciated approximately USD 17.55 billion in 2016 is projected to increase
with a healthy growth rate of more than 8.82% over the forecast period of
2017-2025. Moreover, the global market of cement additives is divided among the
different sectors which majorly includes type, function and region. Whereas,
based on the type, the market is further segmented into chemical, mineral and
fiber while, on the basis function, the market is split into water reducers, coloring
agents, retarding agents, chemical resistance and plasticizers. Nevertheless,
on the basis of region, the market is spread around the globe which majorly
includes North America, Europe, Asia Pacific, Latin America and Rest of the
World.
Additionally, it is predicted that the North
America is the leading region around the globe in the terms of market share and
revenue whereas, with the significant acceptance of new and innovated
technologies the Asia Pacific region is also predicted to lead the market
growth during the forecasted period. Furthermore, the major aspects driving the
growth are increasing requirements in infrastructure development, construction,
dynamically escalating needs in the Asia Pacific region. Therefore, in the near
future, it is anticipated that the market of cement additives will increase
around the globe more positively over the recent few years.
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