Technavio, a tech-focused market research firm, has published a new report on the global cement additives market, which is expected to grow at a CAGR of close to 5% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global cement additives market into the following key regions: APAC, Europe, North America, and ROW.
Source: Technavio
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Top three contributors for the global cement additives market are elaborated below:
Cement additives market in APAC: The market for cement additives in APAC is driven primarily by growth in the construction activities for residential and non-residential buildings. The rising demand for low-cost cement additives such as mineral additives in countries such as China, South Korea, Malaysia, and India is projected to increase the demand for cement additives in future, resulting in further growth of the market.
According to Ajay Adikari, a lead analyst at Technavio, specializing in research on metals and minerals, “The growing requirement for commercial infrastructure, industrial buildings, and expansion of road and railway network in China is expected to drive the demand for cement additives. Besides, the government of China is also providing incentives for using industrial waste as a mineral additive for many applications, which is expected to propel the market’s growth in the APAC region.”
Cement additives market in North America: The cement additives market in the Americas is projected to experience moderate growth during the forecast period due to saturation of the construction industry. Modern technologies, design solutions, and innovations in applications are likely to be the drivers for the growth of the cement additives market in North America during the forecast period. The US is the key revenue contributor in the market in this region.
Cement additives market in Europe: The UK, France, Italy, Western Europe. Russia, Poland, Ukraine, and Belarus are some of the key revenue contributing countries in the cement additives market in Europe. Technavio’s market research analysts predict the cement additives market in Europe to account for a revenue of more than USD 2 billion by the end of the forecast period.
The leading vendors operating in the global cement additives market are:
- BASF
- Sika
- The Dow Chemical Company
- USG Corporation
- W. R. Grace
Other prominent vendors in the market include AkzoNobel, Bekaert, China National Bluestar, Halliburton, Kao Corporation, LANXESS, OMNOVA Solutions, Schlumberger, Stoncor, and TITAN Group.
A more detailed analysis is available in the Technavio report titled, ‘Global Cement Additives Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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