Construction additives are natural or synthetic materials which are mixed with building agents to enhance the property of end product and reduce the cost. Mineral additives are the fine ground materials consist of hydrated silica or metakaolinite. These are used by adding water and lime or cement. Fiber additives are the fine ground lime stones, low-active slags, sands, dolomites, and ash. They are used to replace large particles of clinker and lime which do not get hard during hardening process. These products are widely used in residential, commercial and industrial construction due to ability of enhancing the quality of end product.
COVID-19 Impact analysis
- COVID-19 pandemic has shut down the production of various products in the construction additives industry attributed to the lockdown in countries worldwide. This has hampered the growth of construction additives market in 2020 and, is likely to revive in 2021.
- COVID-19 has already affected the sales of construction additives in the second and third quarter of 2020 and is reviving in 2021.
- The major demand for construction additives was previously noticed from countries including the U.S., Germany, Italy, UK, and India, which are negatively affected by the spread of the corona virus, thereby declining the demand for construction additives.
- Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Construction additives manufacturers can afford a full lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce the expenses. Whereas few players also adopted employee lay-offs to sustain during the COVID-19 health crisis.
- Construction additives manufacturers are expected to focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce.
Top Impacting Factors
Rapid growth of construction market is one of the key factors driving the growth of the construction additives market. There is an increase in the requirement of construction additives due to high demand for residential and commercial building as they are used in flooring and wall of building. Construction additives provide opportunity of enhancing physical and chemical properties of concrete, which enhance the quality of entire end products such as better waterproofing, minimum cracks and other concrete defects. These are the factors contributing toward the growth of construction additives market. However, use of chemical additives emits toxic chemical hampers the growth of the construction additives market.
Market Trends
- Asia-Pacific is dominating the growth of construction additives followed by North America. Rapid growth of construction industry in countries like China, Japan and India boosts the demand for construction additives in the market.
- By type, chemical additives are used by manufacturers in majority.
- By end user, commercial construction is the dominative consumer of construction additives market. Rise in demand for residential construction is expected to boost the consumption rate during the forecast period.
- The construction additives market is expected to expand in Latin America, Middle East, and Africa. In countries like Brazil, Mexico, and South Africa, construction companies are limited which created a dependency of import of construction additives.
Key Benefits of the Report
- This study presents the analytical depiction of the construction additives market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the construction additives market share.
- The current market is quantitatively analyzed to highlight the construction additives market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides detailed construction additives market analysis based on competitive intensity and how the competition will take shape in coming years.
Construction Additive Market Report Highlights
| Aspects | Details |
 By Type |
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 By End-User |
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 By Region |
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 Key Market Players | Mapei S.p.A, RPM International Inc, W. R. Grace and Company, The Dow Chemical Co., Fosroc, BASF SE, Sika Group, Cico Group, CHRYSO Group, Evonik Industries AG |
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