Construction Additives Market To Reach $37.71 Billion By 2030

Construction Additives Market Growth & Trends

The global construction additives market size is expected to reach USD 37.71 billion by 2030, registering a CAGR of 6.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market for construction additives is anticipated to be driven by growing awareness regarding the 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 the market growth.

Construction additives are advanced 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 the increasing number of medical centers, is responsible for enabling the commercial segment to 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 the 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.

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Construction Additives Market Report Highlights

•  The chemical segment dominated the market and accounted for a revenue share of 47.9% in 2023. 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

• The Asia Pacific construction additives market accounted for the largest revenue share of 44.8% in 2023. 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

Construction Additives Market Segmentation

Grand View Research has segmented the global construction additives market based on product, end use and region:

Product Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)

• Chemical

• Mineral

• Fiber

End-use Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)

• Residential

• Commercial

• Infrastructure

Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

• Latin America

  • Argentina

  • Brazil

• Middle East & Africa

  • Saudi Arabia

  • South Africa

List Of Key Players Construction Additives Market

• W. R. Grace & Co.-Conn.

• CHRYSO

• Dow

• BASF

• Cemex, S.A.B. de C.V.

• Fosroc, Inc.

• CICO Group

• Sika AG

• Evonik Industries AG

• RPM International Inc.