Increase in construction spending is one of the major factors expected to stimulate market demand.

Construction Additives Market Size – USD 25.57 billion in 2021, Growth - CAGR of 7.80%, Trends – Governments initiative to boost infrastructure development in developing nations

The global Construction Additives Market is expected to reach USD 50.20 Billion by 2030, according to a new report by Reports and Data. Plastic additives deliver the advantages of increased efficiency, high quality, and better finishing over conventional materials.

Government initiatives to boost infrastructure development in developing nations are likely to drive product demand in the forecast period. This has resulted in the order book position of several construction players to be currently sufficient to offer medium-term revenue visibility. For instance, the Bharatmala Pariyojana project, by the Government of India, is a macro and corridor-based approach to development of roads, which caters to expansion as well as plugging of the existing infrastructure gaps and are likely to find enormous opportunities for the construction sector as it is the largest road development program in India.

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Top Companies: BASF SE, Sika, DOW, Chryso, W.R. Grace Co., RPM International, Evonik Industries, Mapei SPA, Fosroc International, and Cico Group, among others.

Further key findings from the report suggest

• By type, chemical additives contributed to the largest market share in 2018 and are expected to grow at a rate of 6.4% in the forecast period. These can enhance concrete quality, acceleration, or retardation of setting time, among other properties that could be altered to achieve specific results.
• By availability, inorganic products dominated the market in 2018 and are expected to grow at a rate of 5.6% in the period 2019-2026.
• Application of the product in commercial buildings held the largest market share in 2018 and is anticipated to witness the highest CAGR of 6.3% in the forecast period. The commercial building construction maintained its growth in 2018 steered by the increased investment in the commercial real estates, especially in developing nations.
• North America held the second-largest market share in 2018 and is expected to grow at a rate of 5.4% in the forecast period. The construction industry is a significant contributor to the U.S. economy. The industry has over 680,000 employers with more than 7.0 million employees and generates around USD 1.300 trillion worth of structures annually. Construction is one of the largest customers for mining, manufacturing, and several other services.

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Market Segmentation:

Type Outlook (Volume, Kilo Tons; 2019-2030 and Revenue, USD Million; 2019-2030)

• Chemical Additives
• Plasticizers
• Air-Entraining
• Shrinkage Reducing
• Corrosion Inhibiting
• Water Proofing Retarding Agent
• Others
• Mineral Additives
• Fiber Additives

Application Outlook (Volume, Kilo Tons; 2019-2030 and Revenue, USD Million; 2019-2030)

• Commercial Buildings
• Residential Buildings
• Infrastructure
• Industrial

Availability Outlook (Volume, Kilo Tons; 2019-2030 and Revenue, USD Million; 2019-2030)

• Organic
• Inorganic

Regional Outlook:

North America (U.S.A., Canada, Mexico)

Europe (Italy, U.K., Germany, France, Rest of Europe)

Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)

Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)

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Key questions covered in the global Construction Additives Market report:

• What is the expected market size of the global Construction Additives Market during the forecast period?
• What factors are expected to hamper global Construction Additives Market growth over the forecast period?
• Which application segment is expected to dominate other application segments over the forecast period?
• Which region is expected to dominate in terms of revenue during the forecast period?
• What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
• Which leading players are operating in the global Construction Additives Market?

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