The construction additives market size was valued at US$ 72.76 billion in 2022 and is expected to reach US$ 114.59 billion by 2030; it is estimated to register a CAGR of 5.8% from 2022 to 2030.
Construction additives are also known as admixtures, and are added to concrete or grout to alter the properties and enhance performance. These additives serve various purposes, including improving workability, durability, strength and resistance to adverse conditions. Some common types of construction additives include water reducers, retarders, accelerators, superplasticizers, shrinkage reducers and corrosion inhibitors. Construction additives play a major role in optimizing the performance and durability of concrete structures, while also offering benefits in terms of efficiency, aesthetics and environmental sustainability. Different types of concrete admixtures, such as water-reducing admixtures, air-entraining admixtures, anti-washout admixtures, retarding admixtures, and damp-proofing admixtures, are used to enhance the properties of concrete during the mixing process. The growing industrial and institutional construction activities are driving the demand for different construction additives, such as cement additives, concrete admixtures, plastic additives, and bitumen additives. In addition, the rising demand for cutting-edge building materials, growth in industrial construction projects, and the increasing construction activities in developing nations are boosting the usage of construction additives.
On the basis of application, the market is segmented into residential, commercial, infrastructure, and others. The global construction additives market share for the residential segment was the largest in 2022 and is expected to register a higher CAGR from 2022 to 2030. Different types of construction additives are used to make strong and more efficient residential buildings. The residential sector includes private housing, apartments, and buildings. The growth in investments and development activities in the residential construction sector is attributed to the rising population and urbanization in different countries across the globe. Moreover, housing programs and favorable government policies in many countries have led to the establishment of residential buildings, which is creating a demand for construction additives. The commercial sector includes sports facilities, government offices, hospitals, hotels, corporate offices, and other commercial spaces. Different types of construction additives are used for the construction of these facilities worldwide. The high demand for construction additives from the commercial sector is attributed to the rising investment in commercial construction projects and the growing commercial construction activities worldwide.
The construction additives market is segmented into five main regions-North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. Asia Pacific held the largest construction additives market share in 2022. Foreign and domestic investors are investing in the residential property sector of Asia Pacific. In January 2022, Allianz Real Estate increased its investment in the Japanese residential property sector by US$ 1.6 billion. These foreign investments in the civil construction and infrastructure development are likely to boost the demand for construction and construction-related materials. Most of the Rest of Asia Pacific countries focus on the residential and commercial construction industries for the overall development, which fuels the demand for construction materials such as bitumen, paints & coatings, and cement.
Different additives are used in paints and coatings to boost the process of production maintenance, enhance the conditions of construction, improve the quality of the product, and offer exceptional benefits. In paints, the use of additives in the right manner, at the right time, and in the right portions encourages and promotes the appearance, traits, flow of paints, and durability of the coating. There are a few paint additives that help in increasing the flowing capacity of the paint. Some of the additives used in paints and coatings are emulsifiers, deformers, specialty additives, wetting and dispersing agents, thicker and anti-setting agents, and others. The key manufacturers operating in the market are investing significantly in strategic development initiatives such as product innovation, R&D, mergers & acquisitions, and business expansion to attract a wide customer base and enhance their market position.
The infrastructure sector consists of roads, bridges, dams, tunnels, water supply, airports, and runways. The surging investments in the infrastructure sector and growing expenditure on transport infrastructure are mainly driving the demand for construction additives. Construction additives are widely used in waterproofing and rustproof coating applications of residential and nonresidential buildings. In 2022, China began the construction of the second bridge across the Pangong Lake. The bridge can accommodate heavy armored vehicles. In 2022, the National Development and Reform Commission (NDRC) and the Ministry of Transport (China) unveiled the National Highway Network Planning document aimed at the construction of a functional, efficient, green, intelligent, and safe modern highway network by 2035. Therefore, the growing construction pertaining to road infrastructure in Asia Pacific are projected to boost the construction additives market.
Global Construction Additives Market Breakdown - by Region
The report includes the segmentation of the global construction additives market as follows:
The global construction additives market is bifurcated on the basis of basis of type, and application. Based on type, the market is categorized into cement additives, concrete admixtures (precast concrete and ready-mix concrete), paints and coatings additives, adhesives and sealants additives, plastic additives, bitumen additives, and others. Based on application, the market is segmented into residential, commercial, infrastructure, and others. By geography, the market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North America market is further segmented into the US, Canada, and Mexico. The market in Europe is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Asia Pacific construction additives market is further categorized into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in the Middle East & Africa is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The South & Central America market is further categorized into Brazil, Argentina, and the Rest of South & Central America.
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