A new report has been published by Stratview Research, titled, “Construction Additives Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022–2028” The experts authoring this report have made an effort at providing in-depth information on leading growth drivers, restrictions, challenges, current and upcoming trends, and opportunities to offer a comprehensive assessment of the Construction Additives Market. Users can use the analysis included in this report to plan effective growth strategies and prepare for future challenges beforehand.
Market Insights
The construction additives market was estimated at USD 20.13 billion in 2021 and is likely to grow at a CAGR of 7.08% during 2022-2028 to reach USD 32.64 billion in 2028.
The growing demand for construction additives is mainly owing to the increasing number of construction activities in both, the residential and commercial sectors, which is majorly driving the market.
What are construction additives?
Construction additives are chemical compounds used in buildings and infrastructure to make the project durable and strengthen the structure. They also help to minimize the quantities of cement and water used in construction.
Construction additives are of different types, such as chemical, mineral, and fiber, and are used in different end-use sectors, such as residential, commercial, and infrastructure.
Market segmentation
Market segmentation has been done correctly to help the users define and better understand their target audiences and ideal customers. Market segmentation in this report allows you to identify the right market for your products and then target your marketing more effectively.
Based on the additive type, the market is segmented as chemical, mineral, and fiber. Construction additives enhance the chemical as well as the physical properties of concrete. The chemical additive segment is estimated to grow at the highest rate during the forecast period on account of its properties, such as weather resistance, durability, compressive strength, and improvement in the quality of the structure.
Based on the end-use sector type, the construction additives market is segmented as residential, commercial, and infrastructure. The commercial segment leads the market owing to the rise in the construction of non-residential buildings and institutes. Further, the gradual preference of building contractors for eco-friendly, cost-effective, latest building techniques, and the use of ready-mix concrete are the major factors for the dominance of this segment.
In terms of regions, Asia-Pacific is estimated to register the highest growth in the construction additives market during the forecast period. The market is mainly driven by fast urbanization, leading to the construction of residential and non-residential buildings without compromising the quality of buildings and increasing government spending on infrastructural development activities.
Competitive landscape
Relying on data to make business decisions and to have a competitive advantage, is a critical aspect every key player needs to be familiar with. The report throws light on the competitive scenario of the Construction Additives Market along with a list of Key players.
Here are a few–
- BASF SE
- W. R. Grace and Company
- RPM International
- Dow Inc.
- Sika AG
- Fosroc International
- MAPEI
Report Features -
This market report includes the following features –
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints.
- Market trend and forecast analysis.
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, M&As etc.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
Custom Research:
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About Stratview Research –
Stratview Research is a leading market research firm that offers wide range of services like syndicated market reports, consulting, sourcing intelligence, and customer research, etc. Stratview Research’s offerings include comprehensive market intelligence in the form of research reports, and consulting services. Our team which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 500 companies.
