Dublin, Sept. 18, 2024 (GLOBE NEWSWIRE) -- The "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 2029" report has been added to ResearchAndMarkets.com's offering.
The global Construction market size is projected to grow from USD 35.3 billion in 2024 to USD 49.5 billion by 2029, at a CAGR of 7.0%
The report is expected to help the market leaders/new entrants in this market share the closest approximations of the revenue numbers of the overall Construction Additives market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses and plan suitable go-to-market strategies. The report also aims to help stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.
The construction additives market is growing due to rising population, rapid modernization, and growing investments in infrastructure sector. As the global population expands and countries undergo rapid urbanization, there is an increasing demand for housing, commercial spaces, and infrastructure development, driving the need for advanced construction materials and additives.
For construction additives, APAC is the leading region. This surge can be attributed to the rapid urbanization and infrastructure development taking place in countries like China, India, and Japan. As these nations invest heavily in building new cities, highways, railways, and other public works projects, the demand for high-performance construction materials and additives is incerasing rapidly.
Sika AG (Switzerland), Saint-Gobain S.A. (France), MAPEI S.p.A. (Italy), Dow (US), and BASF (Germany), RPM International (US), Evonik Industries (Germany), W. R. Grace and Co. (US), CICO Group (India) and others are covered in the Construction Additives market.
By Type, Chemical to account for fastest growing segment
Chemical additives hold the largest share of demand in the construction additives market due to their essential role in enhancing the performance and durability of construction materials. They are widely used in various applications, including residential, commercial, and infrastructure projects, due to their ability to optimize construction processes and ensure the longevity of structures.
By End Use Sector, Residential segment to account for the largest market share during the forecast period.
The residential sector is projected to account for the largest market share during the forecast period. This growth is primarily driven by the increasing demand for new housing developments, fueled by population growth and urbanization trends. As more individuals seek quality living spaces, builders are turning to construction additives to enhance the performance and durability of materials used in residential projects.
The report provides insights on the following pointers:
- Analysis of key drivers (Rapid urbanization and infrastructure development), restraints (price volatility of raw materials), opportunities (incorporation of new technologies such as nanotechnology), and challenges (established infrastructure in developed countries) influencing the growth of the construction additives market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the Construction Additives market
- Market Development: Comprehensive information about profitable markets - the report analyses the Construction Additives market across varied regions
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the Construction Additives market
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like as Sika AG (Switzerland), Saint-Gobain S.A. (France), MAPEI S.p.A. (Italy), Dow (US), and BASF (Germany), RPM International (US), Evonik Industries (Germany), W. R. Grace and Co. (US), CICO Group (India) and among others in the construction additives market. The report also helps stakeholders understand the pulse of the construction additives market and provides them with information on key market drivers, restraints, challenges, and opportunities
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 268 |
| Forecast Period | 2024 - 2029 |
| Estimated Market Value (USD) in 2024 | $35.3 Billion |
| Forecasted Market Value (USD) by 2029 | $49.5 Billion |
| Compound Annual Growth Rate | 7.0% |
| Regions Covered | Global |
Companies Featured
- Sika AG
- Dow
- Rpm International Inc.
- Saint-Gobain
- Mapei, S.P.A.
- Evonik Industries AG
- Basf
- W. R. Grace & Co.
- Cico Group
- Arkema
- Cemex SAB. De C.V.
- Xypex Chemical Corporation
- Elementis PLC
- Fritz-Pak Corporation
- Pac Technologies LLC
- Atpl Group
- Concrete Additives and Chemicals Pvt. Ltd.
- Chemate Technology Co. Ltd.
- Berolan GmbH
- Ecmas Group
- Nippon Shokubai Co. Ltd.
- Yuanwang Group
- Muhu (China) Construction Materials Co. Ltd.
- Rhein-Chemotechnik GmbH
- Cemex, SAB. De C.V.
- Chembond Chemicals Limited
For more information about this report visit https://www.researchandmarkets.com/r/d5s2ru
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
