Construction Additives Market

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Construction Additives Market Trends Forecast
Till 2030
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Construction Additives Market Trends Forecast
Till 2030
Construction Additives Market, Drugs Market by
Type (Chemical (Plasticizers, Air-entraining,
Waterproofing, Retarding agent), Mineral, Fiber),
End-Use Sector (Residential, Commercial,
Infrastructure), and region (North America,
Europe, Asia-Pacific, Middle East and Africa and
South America).
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Market Overview
The global Construction Additives Market size was
estimated at USD 22,670 million in 2023 and is
projected to reach USD 34,540 million in 2030 at
a CAGR of 6.20 during the forecast period
2024-2030. The construction additives market
involves the incorporation of various chemicals
and minerals into construction materials such as
concrete, cement, and mortar to enhance their
physical and chemical properties. These additives
improve characteristics like strength,
durability, workability, and resistance to
environmental factors, making them essential in
modern construction practices. The market is
witnessing significant growth driven by
increasing urbanization, population growth, and a
focus on infrastructure development. Purchase
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Key Findings
By type, chemical additives are projected to hold
the largest market share during the forecast
period. In 2023, the chemical additives segment
accounted for approximately 60 of the global
concrete admixtures market by value. These
additives are extensively used in the
construction industry due to their ability to
improve the properties of concrete and mortar,
including workability, setting time, and
durability.  The residential sector is expected
to be the largest segment within the construction
additives market. In 2023, this sector emerged as
the leading end-use industry, capturing around
42 of the market share by value. This dominance
is attributed to a surge in housing development
projects driven by urbanization and a growing
need for affordable housing options. As builders
and homeowners prioritize energy efficiency and
durability, construction additives play a crucial
role in fulfilling these requirements. The
emphasis on creating high-quality living spaces
has heightened interest in additives that enhance
concrete strength, reduce maintenance costs, and
promote eco-friendly building practices,
positioning the residential sector as a
significant catalyst for innovation within the
construction additives market.
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Key Findings
The market is also divided into various regions
such as North America, Europe, Asia-Pacific,
South America, and Middle East and Africa. Asia
Pacific region is projected to hold the largest
market share. Factors such as Rapid urbanization,
Infrastructure development, increasing demand for
high-performance construction materials, growing
focus on sustainability, Technological
advancements in construction methods, rising
awareness of eco-friendly building practices,
Significant investments in infrastructure
projects, Aging infrastructure requiring
renovation and retrofitting, Demand for
disaster-resilient construction solutions have
triggered the Construction Additives Market in
the region. Inquire Before Buying
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Competitive Landscape

• W. R. Grace Co.-Conn.
• CHRYSO
• Dow
• BASF
• Cemex, S.A.B. de C.V.
• Fosroc, Inc.
• CICO Group
• Sika AG
• Evonik Industries AG
• RPM International Inc

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Recent Developments
In March 2024, Sika made a strategic acquisition
by purchasing Kwik Bond Polymers, LLC (KBP), a
U.S.-based manufacturer known for its polymer
systems designed for the refurbishment of
concrete infrastructure. This acquisition aligns
with Sika's commitment to enhancing its product
offerings in the construction sector,
particularly in solutions that improve the
durability and longevity of concrete
structures. In the same month, Sika also expanded
its footprint in the Caribbean by acquiring
Vinaldom, S.A.S in the Dominican Republic.
Vinaldom has built a strong reputation over the
decades for providing high-quality concrete
construction products. This acquisition not only
strengthens Sika's presence in the region but
also enhances its portfolio of construction
solutions tailored to meet local market
demands. Meanwhile, in March 2022, Dow announced
a new extension to its VORASURF Silicone
Surfactants product line, focusing on
applications in spray and construction. This
development reflects Dow's ongoing efforts to
innovate within the construction additives
market, offering products that cater to specific
industry needs and improve overall performance in
various applications. Additionally, in March
2023, RPM International Inc. announced that its
RPM Performance Coatings Group had acquired
certain assets from Southwest Fireproofing
Products Co. in Mexico. This acquisition is part
of RPM's strategy to bolster its capabilities in
providing specialized coatings and fireproofing
solutions, further expanding its reach and
enhancing its product offerings within the
performance coatings segment.
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Contact Information
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