Global Construction Additives Market Size to worth USD 45.87 Billion by 2033: Forecast Analysis Report

Global Construction Additives Market Size to worth USD 45.87 Billion by 2033

According to a research report published by Spherical Insights & Consulting, The Global Construction Additives Market Size is Expected to Grow from USD 23.84 Billion in 2023 to USD 45.87 Billion by 2033, at a CAGR of 6.76% during the forecast period 2023-2033. 

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Construction Additives Market Size, Share, and COVID-19 Impact Analysis, By Product (Chemical, Mineral, and Fiber), By End Use (Residential, Commercial, and Infrastructure), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.  

Construction additives are chemicals or materials added to construction products, especially cement and concrete, to enhance or modify their properties. These additives play a significant role in improving the strength, durability, workability, and sustainability of construction materials. The common types of construction additives include plasticizers, accelerators, retarders, air-entraining agents, and corrosion inhibitors. They are widely used in the production of ready-mix concrete, precast concrete, and other cement-based materials. The demand for construction additives has increased worldwide because of increased construction activities, urbanization, and the demand for high-performance materials in infrastructure projects. Furthermore, a few reasons are fueling the construction additives market. One reason is the rise in infrastructure development, particularly in developing economies. Another is the increased demand for sophisticated construction materials. Then, additives are used for sustainable and eco-friendly construction solutions that minimize the adverse environmental impact. The progress of construction technology and high-performance and durable building materials also add to the trend. However, certain factors might inhibit the expansion of the market. Higher-end additives, especially if these have higher prices in their country, prevent their global consumption.

The chemical segment is predicted to hold the greatest market share through the forecast period.

Based on the product, the construction additives market is classified into chemical, mineral, and fiber. Among these, the chemical segment is predicted to hold the greatest market share through the forecast period. This is mainly attributed to the numerous benefits that chemical additives provide, including improved workability, increased curing rate, strength gain, and resistance to adverse environmental conditions.

The infrastructure segment is anticipated to hold the greatest market share during the projected timeframe.    

Based on the end use, the construction additives market is divided into residential, commercial, and infrastructure. Among these, the infrastructure segment is anticipated to hold the greatest market share during the projected timeframe. This is attributed to the infrastructural development, which cuts across large-scale infrastructure projects such as bridges, highways, dams, and tunnels, and usually requires construction materials that last long in harsh environmental conditions. The additives such as accelerators, corrosion inhibitors, and plasticizers improve the strength of the material and increase its lifecycle and resistance.

Asia-Pacific is estimated to hold the largest construction additives market share over the forecast period.

Asia-Pacific is estimated to hold the largest construction additives market share over the forecast period. This can be attributed to the rapid urbanization, industrialization, and infrastructure development occurring in countries such as China, India, Japan, and Southeast Asian nations. These countries are witnessing a significant rise in construction activities, both residential and infrastructure-related, which drives the demand for advanced construction materials enhanced by additives.

Middle East and Africa are predicted to have the fastest CAGR growth in the construction additives market over the forecast period. This rapid growth is driven by significant investments in infrastructure projects, urbanization, and increased construction activities, particularly in countries like the United Arab Emirates, Saudi Arabia, and Qatar. The region's push for modernization, along with large-scale projects such as smart cities, highways, and residential complexes, is expected to drive the demand for high-performance construction materials.

Company Profiling

Major key players in the construction additives market are 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., and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In July 2024, Nouryon entered a strategic distribution agreement with Brenntag Specialties to distribute asphalt additives in the U.S. The partnership aims to improve Nouryon's presence in the U.S. asphalt market and provide customers with a broader range of innovative products. The collaboration focuses on distributing various asphalt additives, including anti-stripping agents and emulsifiers. The partnership enables customers to receive exceptional logistics support and access to local inventory, which are essential factors during the asphalt paving season.

Market Segment

This study forecasts global, regional, and country revenue from 2023 to 2033. Spherical Insights has segmented the construction additives market based on the below-mentioned segments:

Global Construction Additives Market, By Product

• Chemical
• Mineral
• Fiber

Global Construction Additives Market, By End Use

• Residential
• Commercial
• Infrastructure

Global Construction Additives Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa