Market Research Future Published Research Report “Cement and Concrete Additives Market Research Report – Global Forecast to 2023
Global Cement and Concrete Additives Market Expected to Surpass A Valuation of USD 32000 Mn by 2023
Cement and Concrete Additives Industry News:
In February 2019, the Ministry of Housing & Urban Affairs, India, has announced the approval of the construction of another 4,78,670 affordable houses.
In January 2019, Cementos Bio Bio, Chile, has announced the investment of USD 20 Mn in the construction of a new grinding plant in South Peru.
Cement and Concrete Additives Market Competitive Dashboard:
Some of the key players identified in the report are Yara International ASA (Norway), CEMEX S.A.B. de C.V. (Mexico), Elkem ASA (Norway), Fosroc Inc. (U.K.), GCP Applied Technologies Inc. (U.S.), Cementaid (Australia), Oscrete Construction Products (Australia), Sika AG (Switzerland), Borregaard LignoTech (Norway), and BASF SE (Germany).
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Cement and Concrete Additives Market Overview:
According to Market Research Future (MRFR)’s assessment, the global cement, and concrete additives market has been projected to touch a valuation of USD 32,706.5 Mn by the end of 2023 up from USD 20,549.9 Mn in 2017. The market is estimated to expand at a robust CAGR of 8.16% during the forecast period 2018 to 2023. The growth trajectory of the market is presumed to be dictated by the rapid developments in the construction sector. In addition, the infrastructural development programs launched by the governments are likely to accelerate revenue creation for the participants of the cement and concrete additives market over the next couple of years.
The urban migration witnessed across the world owing to elevated standards of living and exploration of employment opportunities is expected to generate massive demand for the expansion of cities. This, in turn, is prognosticated to drive the growth of the cement and concrete additives market across the projection period.
The developing nations have unleashed immense potential for the growth of the cement and concrete additives market in the past few decades. It is likely to exhibit a similar trend across the review period. Furthermore, the emergence of advanced technologies in the developed nations, such as 3D printing, has been forecasted to aid the proliferation of the construction sector, thus, augmenting the cement and concrete additives market. The adoption of novel technologies across the global construction sector is expected to propel the expansion of the market in the next few years to some.
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 regions 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 and Concrete Additives Market Segmentation:
By type, the global cement and concrete additives market has been segmented into chemical, mineral, and fiber additives. Among these, the chemical segment is likely to hold more than 50% of the market share towards the end of 2023.
By application, the global market has been segmented into residential, industrial, commercial, and other construction. Among these, the residential segment has been projected to contribute most significantly towards the expansion of the global market over the assessment period.
Cement and Concrete Additives Market Table of Content to be Continue….,
Browse key industry insights spread across 196 pages with 243 market data tables & 26 figures & charts from the report, “Cement and Concrete Additives Market Global Research Report: by Type (Chemical Additives, Mineral Additives, Fiber Additives), Application (Residential Construction, Commercial Construction, Industrial) and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023” in detail along with the table of contents @ https://www.marketresearchfuture.com/reports/cement-and-concrete-additive-market-1544
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