Construction Additives Market Size, Share, Growth by 2030

In 2022, the construction additives market was valued at approximately US$ 72.76 billion and is projected to grow to US$ 114.59 billion by 2030, reflecting an anticipated compound annual growth rate (CAGR) of 5.8% during the period from 2022 to 2030.

Construction additives play a crucial role in enhancing various properties of construction materials, including workability, strength, durability, and resistance to environmental factors such as temperature changes and chemical exposure. The expansion of the construction sector and ongoing infrastructure projects are key drivers for the growth of the construction additives market. Additives that promote energy efficiency, lower carbon emissions, and improve the longevity of structures are increasingly in demand, aligning with the shift towards sustainable building practices. Continuous research and innovation in construction materials are paving the way for the introduction of advanced additives that offer superior performance characteristics.

The construction additives market is categorized by type into several segments: cement additives, concrete admixtures (which include precast and ready-mix concrete), additives for paints and coatings, adhesives and sealants, plastic additives, bitumen additives, and others. Among these, the cement additives segment is anticipated to experience the highest CAGR from 2022 to 2030. Cement additives encompass grinding aids, strength enhancers, and performance enhancers. Grinding aids are particularly beneficial as they enhance productivity and improve the fineness of cement. Strength enhancers are incorporated into cement to boost its mechanical strength, often through chemical activation that preserves the structural integrity of the cement. The increasing global construction activities are driving the demand for high-quality cement additives to enhance cement properties further.

The Asia Pacific region is expected to witness the fastest growth rate in the global construction additives market from 2022 to 2030. Countries like China and India are experiencing rapid urbanization, which is leading to a surge in demand for residential, commercial, and infrastructure construction. This trend necessitates the use of construction additives to improve the performance and durability of concrete and other building materials. The expanding construction sector, heightened awareness of energy-efficient buildings, and strict regulations regarding energy conservation are contributing to the rising demand for construction materials in Australia. Governments in the region are making substantial investments in infrastructure projects, including roads, bridges, railways, airports, and residential developments, to foster economic growth and urbanization. The Asia Pacific region is also seeing significant technological advancements and innovations in construction materials and additives. Emerging economies such as Vietnam, Indonesia, and the Philippines offer considerable growth potential for the construction additives market.

According to the International Trade Administration, total investment in China's infrastructure during the 14th Five-Year Plan period (2021-2025) is projected to reach around US$ 4.2 trillion. In 2022, the National Development and Reform Commission (NDRC) and the Ministry of Transport in China released the National Highway Network Planning document, which aims to establish a modern highway network that is functional, efficient, environmentally friendly, intelligent, and safe by 2035. Additionally, in 2022, Obayashi Corporation, a Japanese construction firm, initiated testing of a new road infrastructure system at its Technical Research Center in Tokyo, collaborating with various industry partners. Consequently, the increasing construction activities in the Asia Pacific region are expected to further stimulate the construction additives market.

Key players in the global construction additives market include W. R. Grace & Co, Chryso SAS, Dow Inc, BASF SE, Cemex SAB de CV, Fosroc International Ltd, CICO Technologies Ltd, Sika AG, Evonik Industries AG, RPM International Inc, and Mapei SpA. These companies are committed to delivering high-quality products to meet customer needs and are actively focused on launching innovative and superior products.

The overall size of the global construction additives market has been determined through a combination of primary and secondary research methods. The research process began with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data related to the market. Additionally, numerous primary interviews were conducted with industry stakeholders to validate the information and gain deeper analytical insights. Participants in this research included industry experts such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the construction additives sector.