According to a new market report published by Lucintel, the future of the construction additive market looks promising with opportunities in the residential, commercial, and infrastructure sector. The construction additive market is expected to grow with a CAGR of 7% from 2019 to 2024. The major growth drivers for this market are growing urbanization, improved quality and properties of construction materials, and the high growth of the construction industry in developing countries.
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In this market, chemical, mineral, and fiber are the major additive types. Chemical construction additives are the largest segment of the construction additive market.
Within the construction additive market, residential, commercial, and infrastructure are the major end use industries. Commercial sector is the largest end use market segment of the construction additive market.
Asia Pacific will remain the largest region over the forecast period due to increasing infrastructural activities because of various government initiatives, rapid growth in population, increasing use of construction additives in the construction of shopping centers, offices, malls, colleges, schools, universities, and hospitals.
BASF, Sika, DOW, W.R.Grace, RPM, Chryso, Evonik, Mapei, Fosroc, and Cico are among the major manufacturers of construction additives.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the construction additive market by additive type, end use, and region. Lucintel has prepared a comprehensive research report titled " Construction Additives Market 2019-2024: Trends, Forecast, and Opportunity Analysis" The Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the construction additive market by additive type, end use, and region as follows:
By Additive Type [$M shipment analysis for 2013 – 2024]:
Chemical Additive
Mineral Additive
Fiber Additive
By End Use [$M shipment analysis for 2013 – 2024]:
Residential
Commercial
Infrastructure
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
United Kingdom
Germany
France
Italy
Spain
Asia Pacific
ROW
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/construction-additive-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.