Global cement additive market demand is expected to drive at a high rate on account of increasing construction activities in developing markets such as India, China, Vietnam, Brazil, and Egypt. Global industry demand is expected to grow at a CAGR of approximately 8.2% from 2015 to 2022.
Global market demand is expected to be valued at around USD 16.1 billion in 2015 and is expected to be over USD 25 billion by 2017. Improvements in the U.S. construction industry are expected to drive the regional cement additive demand over the forecast period.
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Developed markets of Japan and Western Europe are also expected to witness slow but significant demand growth in future on account of its huge product consumption rate per ton of cement.
Increasing construction activities in developing countries such as India, China, and Vietnam are increasing cement consumption rates, which in turn is expected to contribute significantly towards overall industry growth.
Consumer preferences for improved and high-quality cement are expected to boost the overall product consumption rate in future as cement additives are helpful in increasing product strength, and are capable of providing waterproofing feature, enhanced chemical resistance, color, and high water reduction.
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The global cement additive industry is expected to be restrained by established infrastructures in developed regions such as North America and Europe. The industry is segmented on the basis of type and application. The type category includes fiber, chemical, and mineral. Fiber additive is further segmented into steel and synthetic fiber.
Chemical is segregated into normal plasticizers, waterproofing admixtures, retarding agents, super-plasticizers, and other coloring agents. Mineral includes rice husk ash, silica slag, and fly ash.
Mineral additive demand is expected to drive on account of increasing initiatives for optimum utilization of industrial waste products such as blast furnace slag and fly ash. On the other side, chemical additive industry growth will be driven by increasing plasticizers and water reducers demand in high performance and self consolidation concrete (SCC) areas.
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