This study of the market provides an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for important segments. The report also tracks product and services demand growth forecasts for the industry. The report mentions growth parameters in the regional markets along with major players dominating the regional growth.
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The report offers detailed profile and data information analysis of the leading companies in the Construction Additives Market:
- BASF SE
- W.R. Grace & Company
- RPM International Inc.
- Fosroc, Inc.
- Dow Inc.
- Sika AG
- PAC Technologies, LLC
- Thermax Limited
- MAPEI S.p.A.
- Krete Industries, Inc.
The key drivers of the Construction Additives Market are as follows:
Rising demand in developing economies, enhanced quality, and properties of construction materials, and rapid urbanization are some factors driving the growth of the global construction additive market. It has been observed that approximately half of the world's population lives in urban areas, mainly in highly dense areas. This transition has changed the way of working, traveling, and living. Due to the increasing population, demand for commercial, residential, and industrial areas is rising rapidly. Such progressive demand needs construction activities, which further propels the demand for construction additives in the market across the globe. Furthermore, the investment in the construction industry is rising rapidly, where construction additives improve the life of construction work and offer required protection from environmental hazards. The governments of multiple developed and developing economies are raising the expenditure on the construction of dams, bridges, tunnels, and roads. Therefore, continuous growth in investment in the construction sector is surging the growth of the global construction additives market. On the other hand, the unstable cost of energy and raw materials will hinder the growth of the market.
On the basis of region, North America is expected to grow at a higher CAGR during the forecast period due to high demand from the construction industry, particularly in the U.S. Moreover, Asia-Pacific is dominating the market during the forecast period. Growing investment in infrastructure by the government of various countries and rapid advancements in the construction industry. The demand for construction additives is high in developing countries such as India, China, and Japan, which is fuelling the growth of the market in the region. Furthermore, the Middle East and Africa are also projected to grow at a higher CAGR during the forecast period owing to the high demand for commercial and residential constructions.
The study objectives of this report are:
- To study and forecast the size of the market.
- To analyze the key players, SWOT analysis, value, and market share for the leading players.
- To define, describe, and forecast the market by different segments.
- To analyze the market potential and advantage, opportunity and challenge, restraints and risks.
Segmentation of the Construction Additives Market:
Breakup by Type:
o Air-entraining agents
o Retarding agents
o Waterproofing agents
o Others (Coloring agents, corrosion inhibitors, flame retardants, and fibers)
Breakup by End-Use:
Breakup by Region:
- North America
o United States of America
- Asia Pacific
o Rest of APAC
o United Kingdom
o Rest of Europe
o South Africa
o Saudi Arabia
o Rest of the world (remaining countries of the LAMEA region)
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