Construction Additives Market is expected to witness growing at a CAGR of 8.8% From 2014 to 2025
The global construction additives market size is expected to
reach USD 38.32 billion by 2025, according to a report published by Grand View
Research, Inc., registering a CAGR of 8.8%. The market for construction
additives is anticipated to be driven by growing awareness regarding advantages
of construction additives among infrastructure developers, contractors, and
designers. In addition, extensive use of construction additives in residential
and commercial buildings is expected to boost market growth.
Construction additives are advance materials, which
have emerged as a viable solution for improving the quality of buildings and
infrastructure. Additive concrete, compared to other conventional concrete
types, possesses useful properties such as durability and high strength, which
makes it ideal for use in infrastructure components.
By type, chemical is anticipated to be the fastest
growing segment owing to its wide-ranging use in the construction sector. Its
low cost, compared to other construction additives, is a major growth driver
for this segment.
Booming hospitality industry all over the world, in
addition to increasing number of medical centres, is responsible for enabling
the commercial segment expand at the highest CAGR. On the other hand,
increasing disposable income in developing countries, coupled with increasing
government projects, is expected to drive the residential and infrastructure
segments.
Key players are investing in educating builders and
contractors regarding the significance of using construction additives to
enhance quality and endurance of construction. These players are also heavily
investing in R&D activities, most of which are focused on manufacturing
products that are suitable for various conditions at an affordable price.
Full
Research Report On Global Construction Additives Market By Grand View
Research:
www.grandviewresearch.com/industry-analysis/construction-additives-market
www.grandviewresearch.com/industry-analysis/construction-additives-market
Further
key findings from the report suggest:
- The chemical additives segment is anticipated
to be exhibit the highest growth in terms of revenue, with a CAGR of 9.3%
over the forecast period. Low cost and ease of use make it ideal for
residential and commercial construction
- The commercial segment is the largest end user
in the global construction additives market. Extensive use of construction
additives in high-rise buildings, hotels, malls, and hospitals is driving
this segment
- Asia Pacific is expected to be the largest as
well as fastest-growing regional market, exhibiting a CAGR of 10.2% in
terms of revenue over the forecast period. Rapidly growing population and
rising government mega infrastructure projects in the region is expected
to further boost market demand
- Many major players have invested in research
and development activities in order to develop more effective and
affordable products. Companies are also focusing on expanding their
businesses in developing countries.
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
Grand View Research has segmented the global construction additives
market on the basis of type, end use, and region:
Construction
Additives Type Outlook (Volume, Kilotons; Revenue, USD Billion, 2014 - 2025)
- Chemical
- Mineral
- Fiber
Construction
Additives End-use Outlook (Volume, Kilotons; Revenue, USD Billion, 2014 - 2025)
- Residential
- Commercial
- Infrastructure
Construction
Additives Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2014 -
2025)
- North
America
- U.S.
- Europe
- Germany
- U.K.
- France
- Asia
Pacific
- China
- Japan
- India
- Central
& South America
- Brazil
- Middle
East & Africa
- Saudi
Arabia
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-construction-additives-market
www.grandviewresearch.com/press-release/global-construction-additives-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More
Information: www.grandviewresearch.com
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