Construction Chemical Additives Market:Overview
Constructionchemical additive mixtures are a kind of specialty chemicals added toconstruction chemicals to improve the durability of the building. Theseadditives are chemical formulations, which are added into the cement to makethe concrete strong and more effective for building construction. Thismodification in the product the can resist harsh weather conditions, thusgiving rise to bigger and stronger building structures. Some constructionchemical additives are used to minimize the quantity of cement and water usedin construction.
Construction Chemical Additives Market: Drivers & Restraints
The constructionchemical additives market is driven by the increase in investment inthe construction sector. The investment in the sector is expected to doubleover the next 10 years. Construction chemical additives increase the life ofconstruction work and also provide additional protection from environmentalhazards. Rise in expenditure on the development of tunnels, roads, dams, andbridges in developing nations is also driving the construction chemicaladditives market. However, increase in emission of toxic chemicals isanticipated to restrain the construction chemical additives market in the nearfuture. Availability of alternatives for construction chemical additives isalso estimated to hamper the market.
Construction Chemical Additives Market: Key Segments
Based ontype, the construction chemical additives market can be segmented intoplasticizers, accelerating additives, retarding agents, air-entraining agents,waterproofing additives, and others. Concrete additives help enhance theconcreteness of chemical properties as well as physical properties. Demand forwaterproofing additives, accelerating additives, and retarding agents is higherthan that for other construction chemical additives.
Based onend-use industry, the construction chemical additives market can be dividedinto residential, non-residential and non-building. Construction chemicaladditives are employed in all the buildings. Developers and architects find itdifficult to construct a building with just cement concrete. Different types ofconstruction chemical additives are used to meet the different needs ofbuildings.
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Construction Chemical Additives Market: Regional Outlook
In termsof region, the construction chemical additives market can be segregated intoNorth America, Asia Pacific, Europe, Latin America, and Middle East &Africa. In terms of demand, North America accounts for high share of the globalconstruction chemical additives market. The U.S. is the leading consumer ofconstruction chemical additives due to the significant demand for theseadditives in the construction industry in the country. North America isfollowed by Europe. Demand for construction chemical additives in Europe ishigh due to the rise in demand for reconstruction activities. The constructionchemical additives market in Asia Pacific is expanding at a fast pace owing tothe rapid development of the construction industry and rise in investment in infrastructureby various governments in the region. Demand for construction chemicaladditives is high in countries such as Japan, China, and India in Asia Pacific.The construction chemical additives market in India is anticipated to expand ata rapid pace in the near future. Demand for construction chemical additives inLatin America is rising at a significant pace due to the expansion in theconstruction industry in Brazil, Argentina, and Colombia. The market in MiddleEast & Africa is likely to expand at an accelerated pace due to thepresence of a strong construction industry, especially in the UAE.
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Construction Chemical Additives Market: Key Players
Keyplayers operating in the global construction chemical additives market includeYasham, BASF SE, Sika AG, RPM International, W.R. Grace & Co., Mapei SouthAfrica (PTY) Ltd., Clariant, Croda International Plc., Evonik Industries, andFosroc International.
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