Cement and Concrete Additive Market Development Status and SWOT Analysisby Devanshu Raizada A Digital Marketing Executive
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. This is due to demand of cement and concrete additives for construction of households and in internal installations such as ceilings and facades.
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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.
Asia-Pacific, owing to its ever-growing population and construction industry, is a frontrunner for the consumption of cement additives. In recent years, Asia-Pacific has registered a strong demand for cement additives and the trend is expected to continue the same in near future, driven by their high demand from countries such as China, Japan, and India. Moreover, several major market participants are continuously focusing to gain market share and improve profitability in the region.
Implementation of strict regulations by various governmental organizations have restricted the use of toxic chemicals in the construction chemicals, and stringent compliance standards are expected to hamper the growth of the concrete and cement additive market.
The recent research and investments in the cement and concrete additive market have been directed toward increasing application of 3-D printing in construction industry. Furthermore, cement manufacturing companies are also integrating their operations across the value chain and venturing into additive manufacturing. For instance, in October 2018, Birla Corporation, a major cement manufacturing company, announced its plans to offer concrete and cement additives in India.
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The cement and additive manufacturing market is expected to be driven by increasing investments in infrastructure and growth of construction industry, globally. The huge investment for infrastructure projects in emerging economies such China, India, and Brazil is expected to create ample opportunities for the growth of cement and concrete additive market during the forecast period.
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.
Created on Jul 5th 2019 03:22. Viewed 324 times.