PUBLISHER: Freedonia Group | PRODUCT CODE: 1125256
PUBLISHER: Freedonia Group | PRODUCT CODE: 1125256
This Freedonia industry study analyzes the $18.1 billion global cement and concrete additives market. It presents historical demand data (2011, 2016, and 2021) and forecasts (2026 and 2031), as well as more in-depth data between 2018 and 2025 by type (chemical additives, mineral additives, and fiber additives), and market (building construction, roads and bridges, other markets). The study also evaluated company market share on industry competitors including Boral, CEMEX, Fosroc, HeidelbergCement, Holcim, MBCC Group, Nippon Electric Glass Compa,y, and Sika.
Global demand for cement and concrete additives is forecast to rise 4.9% per year to $23.0 billion in 2026. This is an acceleration of the pace seen from 2016 to 2021, with gains boosted by:
Gains will also be supported by an acceleration in demand in China - the largest market for cement and concrete additives in the world - as domestic cement demand strengthens following a period of weakness. However, the country's rate of growth will remain below the global average due to an ongoing moderation in building construction from the rapid expansion of the 2000-2015 period.
Large infrastructure projects - such as the construction of roads, bridges, railways, airports, and water and sewer systems - will be a significant source of demand for cement and concrete additives. A number of large infrastructure projects have been planned to boost local economies that continue to reckon with the effects of the COVID-19 pandemic. Funding for large infrastructure projects - whether initial infrastructure to meet the needs of an expanding and urbanizing populations or projects designed to repair and update existing infrastructure in developed areas - is commonly provided as it creates construction jobs and new demand for a variety of materials, including cement.
Significant infrastructure projects will be initiated by both high-income and low-income countries throughout the world, including the US and China:
In addition to supporting demand through the use of large quantities of cement, infrastructure projects boost the additives market by increasing demand for more and higher quality additives. It is critical that roads and bridges maintain their structural integrity for a long time, so government agencies have come to favor road project evaluations that reduce the need for expensive ongoing maintenance, boosting use of superplasticizers, air entrainers, set controllers, and pozzolanic mineral additives.