Cement
and concrete additives are materials added to cement for an optimization of
cement properties & cement grinding process. The fundamental purpose of
these additives is to improve the functional characteristics of the cement
& concrete and therefore improve the longevity & stability of the
respective construction. They are mainly used to modify the properties of
hardened concrete, integrity upon hardening, and their reaction to water &
air. The additives are classified into different product groups for instance
strength enhancers, grinding aids, and performance enhancers. The additives ensure that the concrete
preserves its quality & properties during mixing, placing, transporting,
and curing. Additionally, they reduce the cost of construction & water
content, and tend to be more stable over an extensive range of temperatures.
Based
on type, cement and concrete additives market is segmented into mineral
additives, chemical additives and fiber additives. Mineral additives include
slags, fly ash, limestone and others. Chemical additives include plasticizers,
coloring agents, admixtures, retarders and others. Additionally, fiber
additives include glass, ceramic, steel, polypropylene and others. Chemical
additives dominate the market owing to application of chemical-based additives
for instance water reducers and high-value plasticizers in self-consolidating
concrete in huge volumes. In addition, based on application, market is
segmented into commercial construction, residential construction, industrial
construction and others (waterways, bridges, parks, and roads).
The
cement and concrete additives market is driven by rise in demand for
high-performance construction materials, followed by surge in global
construction industry, rise in efforts from various governments to make their
construction industry smarter & future-proof and increase in investments in
infrastructure. However, sluggish growth of construction industry in Western
& Northern Europe may impact the market. Moreover, increase in use of
ready-mix concrete in developing economies and rise in adoption of 3D concrete
printing structure in the construction industry are key opportunities for
market. Furthermore, rise in focus on new product development & business
expansion and growth in emphasize on the use of sustainable cement products are
major trends for market.
Based
on geography, the Asian-Pacific region holds major share in cement and concrete
additives market owing to growth in population & urbanization, increase in
disposable income and new & technologically advanced construction materials
or mechanisms in the region. The European and North-American regions are
projected to witness higher growth rate due to increase in living standards of
people and rise in demand for highways, bridges, houses, sidewalks, and
skyscrapers applications over the forecast period. In upcoming years, it is
expected that the market will be reached at rapid pace as a result of growth in
expenditure on research activities for development of improved construction
chemicals during the forecast period.
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