Report Code : A62272
The global construction additives market is expected to witness high growth potential in coming years due to growth in infrastructure development projects and surge in demand for high-performance building materials. However, fluctuations in raw material prices hinder the expansion of the market. Nevertheless, an increase in focus on sustainable construction practices are expected to offer ample growth opportunities for the construction additives market.
Yerukola Eswara Prasad - Manager
Materials and Chemicals at Allied Market Research
According to a new report published by Allied Market Research, titled, “Construction Additives Market," The construction additives market was valued at $34.5 billion in 2023, and is estimated to reach $64.5 billion by 2033, growing at a CAGR of 6.6% from 2024 to 2033.
Introduction
Construction additives are specialized materials incorporated into construction components such as concrete, mortar, or cement to modify and enhance their physical or chemical properties. These additives are used to improve workability, setting time, durability, & strength of construction materials, and provide resistance to factors such as moisture, temperature fluctuations, or chemical exposure. For instance, plasticizers are used for increased fluidity, speed up setting time, and act as a waterproofing agent for enhanced water resistance. Construction additives help meet the specific demands of diverse building projects by tailoring these properties, ensuring improved performance and cost efficiency.
Market Dynamics
Surge in demand for high-performance building materials drives the adoption of construction additives across the construction industry. As modern construction projects prioritize durability, sustainability, and energy efficiency, the need for materials that meet these stringent requirements has surged. Construction additives, such as plasticizers, superplasticizers, air-entraining agents, and waterproofing compounds, play a critical role in enhancing the performance of basic construction materials such as concrete, mortar, and cement. All these factors are expected to drive the demand for the construction additives market during the forecast period.
However, as raw material prices rise, construction additive producers face increased production costs. To maintain profitability, these companies pass on the higher costs to consumers, which results in reduced demand, especially in price-sensitive markets. Conversely, when raw material prices fall, manufacturers might benefit from cost savings, however, these fluctuations lead to uncertainty in pricing strategies that makes it difficult for businesses to forecast future costs accurately. All these factors are anticipated to offer new growth opportunities for the construction additives market during the forecast period.
Moreover, the rise of green building certifications such as LEED and BREEAM, has increased the demand for construction additives that contribute to energy efficiency, resource conservation, and waste reduction. The construction industry is more focused on utilizing sustainable additives to meet stringent environmental regulations and certification requirements. This has created new opportunities for innovation in the development of bio-based, recycled, and eco-friendly construction additives.
Segments Overview
The construction additives market is segmented into type, end use, and region. On the basis of type, the market is classified into chemical additives, mineral additives, and fiber additives. On the basis of end use, the market is divided into residential, industrial, infrastructure, and commercial. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
On the basis of type, the market is classified into chemical additives, mineral additives, and fiber additives. The fiber additives segment is anticipated to grow at the fastest CAGR of 7.0% during the forecast period. Fiber additives such as glass, carbon, synthetic, and natural fibers, are increasingly incorporated into concrete, asphalt, and other building materials to improve their mechanical properties and longevity. These additives reinforce materials that make them stronger, more flexible, and resistant to cracking, which is particularly important in high-stress applications such as roads, bridges, and high-rise buildings.
On the basis of end use, the market is segmented into residential, industrial, infrastructure, and commercial. The industrial segment is anticipated to grow at the fastest CAGR of 7.2% during the forecast period. The growing trend of modular and prefabricated construction in the industrial sector creates new opportunities for construction additives. Additives are used to enhance the quality, speed, and cost-efficiency of prefabricated building materials, ensuring that they meet the rigorous demands of industrial applications.
Regional Analysis
Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific region is anticipated to grow at the fastest CAGR of 7.0% during the forecast period. Asia-Pacific is witnessing significant investments in infrastructure development, particularly in emerging economies such as India and Southeast Asia. Governments in these countries are rolling out large-scale projects such as smart cities, highways, and public transportation systems, all of which require advanced construction materials. The use of construction additives helps ensure that these projects meet the necessary performance standards while keeping costs manageable.
Competitive Analysis
Key players in the construction additives market include BASF, UltraTech Cement Ltd., Tolsa, Sika AG, Saint-Gobain, MAPEI S.p.A., Pidilite Industries Limited, Ashland, Dow, and Bostik.
In October 2024, MAPEI S.p.A. acquired the local manufacturer Wykamol to expand its waterproofing product offerings. The integration of Wykamol's innovative products, such as cavity drain membranes enables Mapei to offer its customers a more comprehensive range of products to meet different construction needs with greater efficiency and effectiveness. Moreover, in August 2024, Saint-Gobain acquired OVNIVER Group (Cemix brand), a leading construction chemicals player in Mexico and Central America. This acquisition strengthens Saint-Gobain’s presence in the high-growth Mexican and Central American markets and is fully aligned with the Group’s strategy to accelerate its worldwide presence in construction chemicals.
Key Findings
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Construction Additives Market by Type (Chemical Additives, Mineral Additives, Fiber Additives), by End Use (Residential, Industrial, Infrastructure, Commercial): Global Opportunity Analysis and Industry Forecast, 2024-2033
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