According to the recent study the construction chemical additive market is projected to reach an estimated $14.8 billion by 2028 from $10.1 billion in 2023, at a CAGR of 8% from 2023 to 2028. Growth in this market is primarily driven by increasing construction activities, along with growing expenditure on the development of tunnels, roads, dams, and bridges in developing nations, and large scale investment in infrastructure and commercial sectors.
A more than 150-page report is developed to Understand trends, opportunities and forecast in construction chemical additive market by type (plasticizers, accelerating additives, retarding agents, air-entraining agents, waterproofing additives, and others), end use industry (residential, non-residential, and non-building), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Accelerating additives market is expected to remain the largest segment during the forecast period.”
Based on type, the construction chemical additive market is segmented into plasticizers, accelerating additives, retarding agents, air-entraining agents, waterproofing additives, and others. Lucintel forecasts that the accelerating additives market is expected to remain the largest segment because it helps in enhancing the concreteness of chemical properties as well as physical properties, when they are mixed with construction chemicals.
“Within the construction chemical additive market, the non-residential segment is expected to remain the largest end use industry”
Based on end use industry the non-residential segment is expected to witness the highest growth over the forecast period due to increasing demand for high-quality public building and increasing government investment in the infrastructure development.
“Asia pacific will dominate the construction chemical additive market in near future”
APAC is expected to witness the highest growth during the forecast period due to introduction of new construction projects, growing demand of luxury homes, rising government investment for infrastructure development in countries, such as China, Japan, and India.
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Major players of construction chemical additive market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. BASF SE, Sika AG, RPM International, W.R. Grace & Co., Mapei South Africa, Clariant, Croda International, Evonik Industries, and Fosroc InternationalHoneywell, Johnson & Johnson ADT Corporation, Control4 Corporation, United Technologies Corporation, Sieme are among the major construction chemical additive providers.
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