Construction Additives Market worth USD 20.70 Billion by 2022, registering a CAGR of 6.94%


Posted July 28, 2020 by armaan007

Construction Additives Market expected to be valued at USD 20.70 Billion by 2022, at a CAGR of 6.94%, during 2017–2022

 
The report "Construction Additives Market by Type (Chemical (Plasticizers, Air-entraining, Waterproofing, Retarding agent), Mineral, Fiber), End-use Sector (Residential, Commercial, Infrastructure), and Region - Global Forecast to 2022", published by MarketsandMarkets™, the market size is estimated to grow from USD 20.70 Billion in 2017 to USD 28.95 Billion by 2022, at a CAGR of 6.94%. The market is projected to witness significant growth in the next few years with increasing demand for new constructions due to rapid urbanization and industrialization with large-scale investments in commercial and infrastructure sectors. 

Get PDF brochure of the report: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=17455672

Browse 131 market data Tables and 32 Figures spread through 154 Pages and in-depth TOC on "Construction Additives Market"

Commercial construction additives to gain maximum traction during the forecast period 

The commercial sector dominated the market in 2016 and is projected to be the fastest-growing end-user sector in the next five years. As a result of rapid urbanization and industrialization, this market is mostly driven by the upward surge in the demand for new constructions across the world. The increasing public and private investment in the infrastructure sector of the emerging economies of Asia Pacific, the Middle East, and South America are drivers of this growth.

The chemical segment, by type, to account for the largest market share in 2016 

The utilization of chemical concrete additives such as plasticizers, accelerating agents, retarding agents, air entraining agents, and waterproofing additives provide flexibility to the designers to modify and enhance the physical as well as chemical properties of concrete. The market for chemical additives is growing at the highest rate due to various factors that include compressive strength, durability, surface finish, and resistance to withstand adverse climatic and working conditions as per design specifications/requirements without compromising the quality of the concrete structure.

https://www.prnewswire.com/news-releases/construction-additives-market-worth-2895-billion-usd-by-2022-663884183.html

The Asia Pacific region accounted for the largest share of the Construction Additives Market 

Asia Pacific contributes a major market share in the global Construction Additives Market. Due to the increasing industrialization as well as the population in China, Japan, and India, these countries are experiencing high demand for residential and commercial constructions. The rapid urbanization in these countries demands faster and cheaper construction of buildings and facilities without compromising on quality. Additionally, the increasing government investments in infrastructural constructions provide potential for the growth of the Construction Additives Market in these countries.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Construction Additives Market. These include The BASF (Germany), Sika (Switzerland), Dow (US), W.R. Grace (US), RPM International (US), CHRYSO (France), Evonik Industries (Germany), Mapei (Italy), Fosroc International (UK), and CICO Group (India).

Early buyers will receive 10% free customization on this report.

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Issued By Markets And Markets
Country India
Categories Construction , Energy , Industry
Tags construction additives , construction additives companies , construction additives industry , construction additives manufacturers , construction additives market , construction industry , coronavirus , covid
Last Updated July 28, 2020