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Cement and Concrete Additives Market Overview:Cement Concrete Additives Market is growing with the impelling rate; mainly due to the growing construction industry. According to a recent study report published by the Market Research Future, the global market of Cement Concrete Additives is increasing and expected to capture significance over the forecast period. The market is forecasted to demonstrate a stunning growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2023).
Manufacturers are shifting their focus in developing and producing more environmental friendly cement and concrete additives products which contain less harmful chemicals. Rising demand for green cement and concrete additives along with technological advancement is predicted to fuel the market growth over the forecast period. European cement and concrete additives market is classified into Russia, Germany, U.K, Spain, Italy, and France. Brexit has cast a shadow of uncertainty over the construction industry, with the risk of currency volatility looking to be one of the industry’s main issues for longer-term projects.
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Moreover, rising demand for energy and increasing crude oil production in the Middle East & African countries is predicted to fuel the growth of the market. In North America, the cement and concrete additives market is predicted to grow with the highest CAGR during the assessment period, 2017-2023 owing to the regional housing construction of single-family units, which is expected to reach more than 1 Mn in 2023.
Cement and Concrete Additives Market Key Players:
Some of the prominent players operating in the global cement and concrete additives market are Lafarge (France), Cement Australia Holdings Pty Ltd (Australia), Concrete Additives & Chemicals Pvt. Ltd. (India), BASF SE (Germany), Engro Corporation Limited (Pakistan), Sika AG (Switzerland), LANXESS (Germany), Huntsman International LLC (U.S.), Chevron Phillips Chemical Company (U.S.), and Kao Corporation (Japan) among others.
Cement and Concrete Additives Market Segmentation:
Cement and Concrete Additives Market is categorized on the basis of additive type, application, and region. On the basis of additive type, the market is bifurcated into chemical, mineral and fiber. On the basis of application, the cement and concrete additives market is categorized into residential and non-residential, and others. On the basis of region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
Industry/ Innovation/ Related News:
October 2017 – BASF SE (Germany), one of the key manufacturers of Cement Concrete Additives also having presence in Russia, announced opening of its new production line for construction chemicals in St. Petersburg, Russia. On this new project, additives based on polycarboxylate esters and polyaryl ether are new innovative products from BASF recently. Opening of this new production, North West Region, the Ural and the Volga regions of Russia are able to benefit and reduce the transportation costs. Thus, several construction projects are anticipated to open up in the coming years. Russia ranked only 136th for the quality of its roads and 104th for its air transport infrastructure. Furthermore, cement additives market is anticipated to witness tremendous growth on account of where Russia is a country with huge oil & gas reserves and the government has prioritized on building transport infrastructure to connect different region urge to develop oil & gas market.
May 2017 – Global cement and concrete additives manufacturer, Huntsman Corporation a U.S. based company has merged with Clariant, Switzerland based company is the leading chemicals producer worldwide. Huntsman Corporation already has more than 100 manufacturing facilities worldwide has finally stepped into Switzerland with USD 13 bn deal. Clariant and Huntsman are joining forces to gain much broader global reach, create more sustained innovation power and achieve new growth opportunities.
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Cement and Concrete Additives Market Regional Analysis:
Cement and Concrete Additives Market consists of five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, the Asia Pacific is predicted to grow with the highest CAGR during the review period, 2018 - 2023 on account of expanding construction industry. The demand for cement and concrete additives is predicted to surge in numerous countries of the Asia Pacific such as China, India, Indonesia, and Japan owing to lodge expanding population. Moreover, the presence of tremendous resources in this region is predicted to fill the demand gap for raw materials which cuts down the importing costs.
The North America has emerged as one of the leading market region for cement and concrete additives followed by Europe and the Middle East & Africa. The North American cement and concrete additives market is predicted to witness a tremendous growth on account of high consumption potential, increasing production capacities, and rising economic growth rate. In North American region, the U.S. is predicted to be a major contributor to the regional growth of cement and concrete additives market and is expected to see a significant demand for cement and concrete additives during the forecast period.
Cement Concrete Additives Market Competitive Analysis:
The Cement Concrete Additives Market appears to be competitive with the presence of several large and small players operating in the Cement Concrete Additives Market. These Key players compete based upon pricing, quality, Technology and reputation. Cement Concrete Additives market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in to intensified competition further. Manufacturers operating in the Cement Concrete Additives Market strive to respond to the growing demand for Cement Concrete Additives from the Paper industry attributed to the recent pulp mill expansions and the announced Greenfield projects worldwide. They ensure to deliver the best quality products based on innovative technologies, and best practices.
Cement and Concrete Additives Market Table of Content to be Continue….,
Complete table of content is available at @ https://www.marketresearchfuture.com/reports/cement-and-concrete-additive-market-1544
Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Address: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India
Phone: 6468459312
Website: https://www.marketresearchfuture.com/reports/cement-and-concrete-additive-market-1544
Release ID: 457911
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