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Cement & Cement Additives Market size is forecast to reach $23.46 billion by 2026, after growing at a CAGR of 7.84% during 2021-2026. Globally, the usage of cement additives for infrastructure is increasing as they optimize the cement properties. Cement additives are bifurcated into grinding aids, strength enhancer, and performance enhancers, thus it is used in cement grinding process. Thus, cement & cement additives are used as a filler material and are used to obtain a smooth surface of the building floor. Therefore, increasing the exportation of cement is estimated to grow the market size. According to the Directorate General of Commercial Intelligence and Statics (DGCIS), in India, the exportation of cement increased by 433.87 million tons in 2018 compared to 374.78 million tons in 2017. Apart from this, cement contains sodium gluconate as they improve cement additives strength and has various properties such as non-toxic, non-corrosion, soluble in water, and biodegradable. Thus, increasing demand for high-performance cement additives is expected to grow the market size during the projected year.
Impact of Covid-19
The building & construction sector is one of the major industries that have got a hit because of COVID-19. Cement additives are used as a basic material in the construction industry. But due to lockdowns the production and exportation of the cement market is also affected. According to the Directorate General of Commercial Intelligence and Statics (DGCIS), in India, cement production decreased by 55.9% to 190.86 million tons in 2019 as compared to 297.56 million tons in 2018. Thus, the lack of production hindered the market of cement & cement additives.
Cement and Cement Additives Market Segment Analysis – By Type
The cement type segment is expected to lead the global cement & cement additives market in 2020. Portland cement reduces permeability and increased brittleness, compared to normal cement concrete. Portland cement is used to increase toughness, impact, and tensile strength, and eliminate temperature during construction. Additionally, white cement can withstand high temperatures. White cement is an excellent reflector to the light that saves energy under the interior & exterior of buildings. Thus, the consumption of sodium gluconate is increasing to enhance the strength of the cement. According to the India Brand Equity Foundation (IBEF), cement production reached 329 million tons in FY20 and is estimated to grow 381 million tons by FY22. However, the consumption stood at 327 million tons in FY20 and is forecast to reach 379 million tons by FY22. Thus, all factors are growing the market size during the projected era.
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Cement and Cement Additives Market Segment Analysis – By Application
Residential construction held the largest share in the cement & cement additives market in 2020 and is growing at a CAGR of 8.22% during the forecast period 2021-2026. Cement admixture is widely used in building infrastructures as the additives contain sodium gluconate that are non-toxic, non-corrosive, and readily biodegradable. Sodium gluconate is used as a retarder, water quality stabilizer, surface cleaning agent, and cement blending agent. Hence, the construction sector is rapidly consuming cement admixture due to its eco-friendly nature in buildings and infrastructure projects. The Ministry of Rural Development and Ministry of Housing and Urban Affairs indicate a housing shortage of about 3 crore units in rural areas and 1.2 crore units in urban areas. Additionally, according to the National Bureau of Statistics, China’s real estate market investment jumped from 15.7% in 2019 to 38.3% in January-February 2021. Apart from this, according to the U.S. Census Bureau, building permits in the United States increased 0.3 percent to an adjusted annual rate of 1.76 million in April 2021 from 1.75 million in March 2021. Therefore, the growth in the construction sector is continuously increasing the demand for chemical admixture and cement which is anticipated to increase the demand for cement & cement additives market.
Cement and Cement Additives Market Segment Analysis – By Geography
Asia Pacific dominated in cement & cement additives market in 2020 with 41%. Rapid investment in construction activities in Asian countries is further fueling the growth of the global cement & cement additives market. Cement (produced by grinding aids organic compound) additives are used along with concrete and mortar to improve additives performance and enhance various properties such as concrete strength, chemical resistance, and water reduction. Thus, increasing infrastructure and housing projects in emerging economies are expected to drive the demand for cement & cement additives during the projected period. According to India Brand Equity Foundation (IBEF), in 2019 Puravankara realty firm limited plans to invest Rs 850 crore to build 3 luxury housing projects in Bengaluru, Chennai, Mumbai over the next 4 years. Furthermore, according to the India Brand Equity Foundation (IBEF), the real estate sector of India will grow US$ 1 trillion by 2030 and Rs. 65,000 crore (US$ 9.30 billion) by 2040. Additionally, according to China Electronic Information Industry Development (CCID), the country is expected to spend CNY10 trillion (US$1.4 trillion) on new infrastructure projects between FY20-FY25. Hence, the rapidly developing infrastructure in India, China, and other countries is projected to boost the cement & cement additive market size.
Cement and Cement Additives Market Drivers
Increasing Consumption of Cement
The transportation of cement is very cost-efficient. Cement is mainly used as a binder in concrete and has various properties such as moisture resistance, easy workability, provides strength to masonry, and others. Thus, cement is highly required for the construction of housing, hospital, bridges, and other construction. Therefore, the cement industries use sodium gluconate that helps to improve the workability and life of the cement additives, and grinding aids for the production of high-performance cement admixture. However, cement is transported over long distances by sea, river, and land. Land transportation costs are significant. According to the European Cement Association, the transportation cost of about €10 per ton for every 100km by road and around €15 per ton by Sea. Hence, due to cost-effectiveness with long service life, the consumption of cement is estimated to grow the market size of cement & cement additives.
Increasing Construction Projects in Asia Pacific Region
Cement additive reduces the cost of construction and improves the quality of concrete admixture. A mineral additive can be used with Portland cement or blended cement either individually or in combinations as they increase strength and reduces the permeability of the mixture. Thus, increasing projects in the Asia Pacific region are estimated to grow the consumption of cement & cement additives. In 2019, China government invested 1.9 billion on 13 public housing projects. In addition, in February 2020, the Asian Development Bank approved a loan of US$631 million to develop the Vishakhapatnam-Chennai industrial corridor. Furthermore, according to the National Development and Reform Commission (NDRC), 14 construction investment projects were approved worth CNY177.8 billion (US$25.2 billion), following approvals of CNY68.9 billion (US$10.1 billion) in August 2020. Thus, all such factors are increasing the demand for cement additives in this region, which is expected to grow the cement & cement additives industry in near future.
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Cement and Cement Additives Market Challenges
Health Issues Arising from the Dust Released during Cement Production
During the production of cement, the cement industry generates dust particles. Cement dust causes lung function impairment, chronic obstructive & restrictive lung diseases, carcinoma of the lungs, stomach, and colon. Also, during production, the cement dust reaches all the organs of the body and affects the different tissues including the heart, liver, spleen, bone, muscles, and hairs. Furthermore, cement is highly toxic, thus it irritates the eye, skin, and respiratory system. Although, cement contains calcium oxide which can prompt severe allergic reactions. Hence, the health hazardous with concrete admixtures is estimated to restrain the cement & cement additive market growth.
Cement and Cement Additives Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the cement & cement additive market. Major players in the Cement & Cement Additives Market include:
1. BASF SE
2. AkzoNobel NV
3. DowDupont Inc.
4. Heidelberg Cement
5. W.R. Grace and Company
6. USG Corporation
7. Sika AG
8. Kao Corporation
9. Lanxess AG
10. China National Bluestar Group Company Limited, and among others.
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Asia Pacific dominated the cement & cement additives market owning to developing infrastructural projects from economically developed and developing countries such as India, China, Japan, Malaysia, and others.
According to India Brand Equity Foundation (IBEF), India plans to spend US$ 1.4 trillion on infrastructure projects through the National Infrastructure Pipeline (NIP) by 2023.
Increasing consumption of sodium gluconate can improve the workability and strength of concrete and has various properties such as corrosion inhibitors, water stabilizers, and others. Thus, it can be used as a concrete retarder in the construction industry.
Additionally, rising consumption of grinding aids organic compound for high-performance cement as they increase the strength of cement additives and reduce the energy which consumed during cement grinding.
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