According to a recent report by Grand View Research, Inc., the global construction additives market is projected to reach USD 37.71 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.8% from 2024 to 2030. Market expansion is expected to be fueled by increasing awareness among contractors, designers, and infrastructure developers about the benefits of construction additives. Additionally, their widespread application in residential and commercial building projects is set to support market growth.
Construction additives are advanced materials designed to enhance the quality of buildings and infrastructure. Compared to traditional concrete, additive concrete offers enhanced durability and strength, making it particularly suitable for infrastructure-related applications.
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Among various types, chemical additives are projected to witness the fastest growth during the forecast period due to their broad application across the construction industry. Their affordability, in comparison to other additive types, is a key factor driving this trend.
The rapid growth of the global hospitality sector, along with the expansion of medical facilities, is contributing to the commercial segment’s position as the fastest-growing end-use segment. Meanwhile, rising disposable income in developing countries, combined with ongoing government infrastructure projects, is expected to drive growth in the residential and infrastructure sectors.
Leading companies are actively working to raise awareness among builders and contractors about the importance of construction additives in improving construction quality and longevity. These companies are also making significant investments in research and development to produce cost-effective products that perform well in diverse conditions.
Highlights from the Construction Additives Market Report:
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Prominent Companies in the Construction Additives Market:
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The ‘Global Construction Additives Market’ Report recently published by Reports and Data provides a comprehensive examination of the critical development patterns found in the business.
The report is an exclusive document containing valuable data and information about the growth of the industry.
The report includes beneficial insights about the market dynamics, profit margins, market share, gross revenue, and other fundamental segments of the market for the forecast period of 2020-2027.
The report includes the impact of the COVID-19 pandemic on the Construction Additives industry.
The report offers an in-depth analysis of the market size, market share, and market growth and its estimation through the forecast years on the basis of the COVID-19 crisis.
The report explores the present and future impact of the pandemic and provides an insight into the market scenario in the post-pandemic world.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1931The key companies operating in the Construction Additives market are as follows:BASF SE, Sika, DOW, Chryso, W.R. Grace & Co., RPM International, Evonik Industries, Mapei SPA, Fosroc International, and Cico Group, among others.Key Aspects of the Construction Additives Market Report:Extensive Analysis of the Regional Landscape: The report extensively studies the major geographical regions for the analysis of market size, share, growth, and trends.
According to recent Fact.MR study, the Asphalt Additives market will grow at 5% during 2019-2027 period.
The global asphalt additives market is projected to grow at a healthy CAGR of over 5% till 2027, says Fact.MR.
Out of every hundred kilometers of newly paved roads constructed worldwide - an estimated 40 kilometers of roads are asphalt based.
The Fact.MR study largely attributes the projected growth to technological advancements in manufacturing techniques, and rising demand for products in the sector.An Expert Perspective According to Fact.MR experts, the growth of Asphalt Additives factors will remain key drivers to growth of the Asphalt Additives market.
The company leverages information from key stakeholders of information including World Bank, the UNO, WHO, among others to tackle challenges of investing with due diligence, and reliability.
An Apt Forecast For the Asphalt Additives market, Fact.MR has considered 2014 as the base year for projections, while 2019-2027 period as the forecast period.
There are different types of chemicals in tiles additives. and Tiles are generally used construction elements. Here get the different types of tiles additives.
