Global demand for Cement and Concrete Additives is forecast to reach 24 billion USD in 2019

Global demand for cement and concrete additives is forecast to grow at a healthy pace, reaching $24.0 billion in 2019. These increases reflect continuing growth in construction activity across the globe that will, in turn, drive global usage of cement. Increasing additive usage rates in developing countries, as well as a broader shift to higher performing specialty additives, will further support advances in additive demand. The types of additives being utilized will be impacted by environmental concerns, with the choice between blended and portland cements influencing additive demand on a national and regional basis.

China to remain largest, fast growing market

Despite a more challenging economic environment, China will remain the largest and one of the fastest growing markets for cement and concrete additives. This growth will be driven by rising urbanization and the resulting investment in public infrastructure projects such as highways and bridges, as well as by rising additive treatment rates. However, China's role as the dominant driver of global cement and concrete additive demand will diminish, as the importance of markets in developing countries such as India and Turkey continues to grow. By 2024, India is forecast to be the fourth largest market for cement and concrete additives, behind Japan. Growth in demand in the other countries in the Asia/ Pacific region and the Africa/Mideast region will also benefit from increasing urban populations. Construction activity is expected to remain strong or accelerate in developed regions, such as North America and Western Europe, driving demand for additives for concrete in buildings.

Source: Reportbuyer