Market Overview

In 2019, Cement and Concrete Additives Market was estimated at around 20,549.9 million dollars. Reports predict the market would climb to a USD 32,706.5 million value by the end of the projection period at an impressive CAGR of 8.16 percent. Additions to cement and concrete are commonly used to improve these materials' performance attributes or ingredients.

Cement and concrete admixture sales are soaring, thanks largely to rising urbanization and a burgeoning building sector. New building projects and cutting-edge technology increase the demand for smart materials, increasingly in high demand. The cement and concrete additives industry is increasing due to advances in the construction sector that are forward-looking and innovative. There's been a surge in the construction sector, which has resulted in an increase in the need for cement and concrete additives throughout the world.

As a result of the covid 19 outbreak, the Cement and Concrete Additives Industry observed a decline in exports and imports of raw materials originating in China. Construction was put on hold due to a lack of workers, which contributed to the industry's demise. It is predicted that many businesses will resume business as usual because of the preventative steps to combat the COVID-19 crisis and preserve a work-life balance.

Key Players

• Concrete Additives Chemicals Pvt. Ltd.
• Yara International ASA (Norway)
• Lafarge Cement Australia Holdings Pty Ltd.
• GCP Applied Technologies Inc. (U.S.)
• Birla Corporation
• Elkem ASA (Norway)
• Sika AG
• CEMEX S.A.B. de C.V. (Mexico)
• Huntsman International LLC
• Borregaard LignoTech (Norway)
• Kao Corporation
• BASF SE
• Fosroc Inc. (U.K.)
• Engro Corporation Limited
• LANXESS
• Cemented (Australia)
• Chevron Phillips Chemical Company
• Oscrete Construction Products (Australia)

Market Segmentation

According to the reports, the global cement and concrete additives market is segmented based on the types, chemicals, minerals, fiber, applications, and regions. 

The american fiber cement corporation is divided into mineral, chemical, and fiber segments according to the kind of additive. Mineral additions include rice husk ash, quartz, and fly ash. Waterproofing admixtures, Plasticizers, and colorants are all examples of chemical additives. On the other hand, steel and synthetic fibers are both considered fiber additions. Chemical additives have long had a commanding position in the market. As a result, a huge demand for chemical-based additives like water removers and high-value plasticizers is generated by self-consolidating concrete.

Regional Classification

The cement additive business is expected to be constrained by existing infrastructures in industrialized countries like North America and Europe. Indian growth is also expected to be important in the future. As China's industrial buildings, commercial facilities, and roads and railways networks grow, cement additives will be needed. It also supports using toxic waste as minerals in several uses, which is expected to help APAC's development trend.

Industry News

In 2020, a subsidiary of CEMEX struck a deal to sell some assets in the United Kingdom to Breedon Group for about USD 235 million, plus nearly Usd 31 million in debt, which was agreed to in January 2020. Some 49 ready-mix facilities, 28 aggregate quarries, and four depots are among the operating businesses that have been sold off.

Earlier this year, BASF and a subsidiary of the global private equity company Lone Star entered a purchase deal for the construction chemicals unit of BASF. It cost EUR 3.17 billion to buy the business outright with cash on hand and no debt.

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