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MARKET OVERVIEW
The construction additives industry, from the recent research reports, is anticipated to grow from USD 25.14 billion in 2020 to USD 36.54 billion by 2028 with a compound annual growth rate (CAGR) of 7%. Additives are natural as well as synthetic materials which are mixed into concretes and binding agents to impart the properties according to the requirements of the finished product in addition to reduced cost. These additives when mixed with other construction materials change their mechanical properties in such a way that enable the contractors to redesign the connections such as roads and bridges. In other words, additives are chemicals which if mixed with cement and mortar to strengthen the concrete and make it more efficient for building construction. These additives also help in minimizing the quantity of water mixed in cement which in turn leads to the preservation of resources.
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MARKET SEGMENTATION
Looking at the latest research analysis, the construction additives industry can be bifurcated based on the type and end-use. Out of all the segments of this market, the commercial segment will witness tremendous growth during the forecast period and this is because of the gradual shift of contractors and consumers towards modern building techniques which in turn are more cost-efficient and eco-friendly.
If we look at this industry then based on type, it is categorized into chemical, mineral, and fiber.
Based on end-use, it has residential, commercial, and infrastructure.
REGIONAL ANALYSIS
If we look at construction additives market share and other details, this industry is remarkably working in four major regions of the world that is Asia Pacific, Europe, North America, and the rest of the world. During the forecast period, the Asia Pacific region will dominate this market due to the rising number of construction activities taking place for residential, commercial, and infrastructure purposes. Also, the diversion of consumer preferences towards improved and high-quality cement is another major factor that will contribute to the growth of the market in this region. Also, the rapid urbanization taking place in all the regions of the world increases the demand for faster and cheaper construction of buildings without neglecting the quality factor.
Based on the data obtained from construction additives industry analysis, the prominent players of this market are Cico Group (India), Mapei SPA (Italy), CHRYSO Group (France) W. R. Grace and Company (U.S.), Sika Group (Switzerland), BASF SE (Germany), The Dow Chemical Co. (U.S.), RPM International Inc. (U.S.) Evonik Industries AG (Germany), and Fosroc (U.K.).
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TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
Continue…
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INDUSTRY NEWS
In December 2019, with aim of leading the construction chemicals on a magnification path, the construction chemicals business of BASF was acquired by the lone star. The main objective of this acquisition was to help the company in building the portfolio and pop up into new markets. The worth of this acquisition was 3.17 billion pounds.
In June 2019, with a view using the rubber additive in converting scrap tires into road construction material EVOds2NIK industries AG came forward during the k show in Dusseldorf in October. Also, the company had the objective of enhancing the quality of mixtures and increasing the service life of road surfaces, mixing the recycled material with road construction asphalt and bitumen.
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