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.
Market Insights and Analyst View:
Construction additives include cement additives, concrete admixtures, plastic additives, bitumen additives, paints and coatings additives, adhesives & sealants additives, glass additives, and ceramic additives. These materials are used to improve the quality and performance of the construction products. They also help to achieve certain desirable properties, such as increased strength, durability, and workability. There are various powder and liquid construction additive products available in the market that enable the formulation of innovative products. The major factors driving the market growth are the growing residential and commercial construction and the increasing government investments in infrastructure developments. The government-supported infrastructure projects include roads, dams, bridges, tunnels, ports, airport pavements, and highways. All these factors are contributing to the construction additives market
Growth Drivers and Challenges:
Growing residential and commercial construction and increasing government investments in infrastructure development are among the key factors driving the market. According to the European Construction Industry Federation, the investment in nonresidential construction in France was estimated at US$ 58.49 billion in 2022. In 2023, DEEM Enterprises LLC announced its plans to spend US$ 2.7 billion to build a Formula 1-style racetrack, housing, and shopping complex on the site of a former airport in New Jersey, US. The growing investments from government organizations lead to a rise in infrastructure construction.
In November 2021, the US government approved a US$ 1.2 trillion infrastructure bill to aid federal investments in various infrastructure projects. Also, construction spending was estimated to increase by 5.5% by 2023. Such initiatives generate demand for construction services, chemicals, and materials. The rising investments and efforts in infrastructure development by governments of various countries across the world drive the market. The growing construction and investments for infrastructure development are fueling the demand for different construction chemicals and materials, thereby driving the construction additives market.
The volatility in raw material prices can act as a deterrent for the market. Construction additives such as emulsifiers, rejuvenators, and anti-strip agents are indirectly derived from crude oil. Disruption in transportation and supply chain, rise in demand for crude oil, inflation in raw material prices, and limited supply of raw materials caused due to the COVID-19 pandemic raised petroleum product prices. The rise in crude oil prices due to fluctuating global economic conditions is further boosting the price of petroleum-derived additives. Price hikes in petroleum products and other raw materials can strain the profit margins on the products, which poses a challenge to the construction additives market growth.
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Construction Additives Market: Strategic Insights
Market Size Value in US$ 72.76 billion in 2022 Market Size Value by US$ 114.59 billion by 2030 Growth rate CAGR of 5.8% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Construction Additives Market: Strategic Insights
| Market Size Value in | US$ 72.76 billion in 2022 |
| Market Size Value by | US$ 114.59 billion by 2030 |
| Growth rate | CAGR of 5.8% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Report Segmentation and Scope:
The "Global Construction Additives Market Analysis and Forecast to 2030" is a specialized and in-depth study with a significant focus on global market trends and growth opportunities. The report aims to provide an overview of the market with detailed market segmentation by type and application. The market has witnessed high growth in the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of construction additives globally. In addition, the global construction additives market report provides a qualitative assessment of various factors affecting the market performance globally. The report also includes a comprehensive analysis of the leading players in the market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, construction additives market trends, and lucrative opportunities that would, in turn, aid in identifying the major revenue pockets.
The construction additives market forecast is estimated on the basis of various secondary and primary research findings, such as key company publications, association data, and databases. Further, the ecosystem analysis and Porter's five forces analysis provide a 360-degree view of the market, which helps understand the entire supply chain and various factors affecting the market performance.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Segmental Analysis:
The global construction additives market is segmented on the basis of type and application. Based on type, the market is segmented into cement additives, concrete admixtures, paints and coatings additives, adhesives and sealants additives, plastic additives, bitumen additives, and others. The cement additives segment accounted for a significant construction additives market share in 2022. Cement additives include grinding aids, strength enhancers, and performance enhancers. Grinding aids are additives that come with several key benefits, such as boosting productivity and increased fineness. Various strength enhancers are added to cement that increases its mechanical strength, often through chemical activation that maintains the integrity of the cement’s structure and surface. The application of cement additives in infrastructure development is expected to boost the market.
Based on application, the market is segmented into residential, commercial, infrastructure, and others. The residential segment held a substantial construction additives market share in 2022. The increasing demand for residential construction owing to accelerated urbanization has surged the requirement for different types of construction additives from the residential sector. In India, the Housing for All Scheme, also known as Pradhan Mantri Awas Yojana (Urban) Mission, launched in 2015, intends to provide housing for all in urban areas by 2024. 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 expected to drive the demand for construction additives during the forecast period.
Construction Additives Market – by Application (2022 and 2030)
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Regional Analysis:
The report provides a detailed overview of the market concerning five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. In terms of revenue, Asia Pacific dominated the construction additives market and was valued at more than US$ 35 billion in 2022. According to the International Trade Administration, total investment in China’s infrastructure during the 14th Five-Year Plan period (2021–2025) is estimated to reach ~US$ 4.2 trillion. 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. The plan also encompasses the construction of a 461,000 km highway, which includes 162,000 km of expressways. Infrastructure development and growing housing projects in several Asian economies, such as India and China, are projected to boost the construction additives market during the forecast period.
Europe construction additives market is expected to reach ~US$ 24 billion by 2030. Europe is one of the largest producers of construction materials, operated by small and medium-sized businesses (SMEs) that supply construction materials to local and regional markets. The increasing utilization of sustainable construction additives for infrastructure development in Europe is projected to fuel the construction additives market growth. The Middle East & Africa is expected to record a CAGR of ~6% from 2022 to 2030. A rise in demand for construction materials due to a surge in infrastructural projects, sustainable construction, and industrialization in the Middle East & Africa drives the demand for construction and building materials. The construction of commercial infrastructure has also upsurged in the region due to the growing tourism industry and the rising immigrant population. The rising urban population has surged the demand for private residential buildings in semi-urban and urban cities, prompting governments to invest in the building & construction industry.
Industry Developments and Future Opportunities:
Various initiatives taken by the key players operating in the construction additives market are listed below:
- In April 2021, Dow Construction Chemicals expanded its territory with JNS SmithChem LLC as an authorized Southeast region distributor, covering Maine, Vermont, New Hampshire, Massachusetts, Rhode Island, Connecticut, New York, and Pennsylvania states.
- In July 2023, Heidelberg Materials celebrated the opening of the second-largest cement plant in North America.
- In July 2023, Sika AG invested in macro fibers for the fast-growing demand for sustainable concrete in the US.
Competitive Landscape and Key Companies:
Sumitomo Seika Chemicals Co Ltd, Nippon Shokubai Co Ltd, Sanyo Chemical Industries Ltd, BASF SE, Evonik Industries AG, LG Chem Ltd, Satellite Chemical Co Ltd, Kao Corporation, Yixing Danson Technology, and Songwon Industrial Group are among the key players profiled in the construction additives market report. The global market players focus on providing high-quality products to fulfill customer demand.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Based on the type, the cement additives segment accounted for the largest revenue share. In the cement manufacturing process, adding cement additives helps improve cement grinding efficiency and narrow particle size distributions. The growing demand for cement used in infrastructure development across the globe drives the construction additives market.
The strategic development initiatives by key market players offer lucrative growth opportunities to the global construction additives market during the forecast period.
Based on application, infrastructure is the fastest-growing segment. The surging investments in the infrastructure sector and growing expenditure on transport infrastructure are mainly driving the demand for construction additives.
Asia Pacific construction additives market is expected to surge due to government investments in infrastructure development, including roadways, highways, bridges and airport. Low labor costs, availability of specialized building materials, and research & development cost in the Asian countries, is fueling the demand for construction additives.
Growing residential and commercial construction, and increasing government investments for infrastructure development, are some of the key driving factors for the construction additives market.
The List of Companies - Construction Additives Market
- 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
- Mapei SpA
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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