Cement Grinding Aid and Performance Enhancers Market Size, Share & Industry Analysis, By Type (Chemical Additives, Mineral additives, Fiber additives), By Application (Residential Building, Commercial Building, Industrial Building) and Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Cement grinding aid and performance enhancers are additives that are used to perk up the cement production efficiency and simultaneously reduce the energy consumption. Cement grinding aids are mainly used for recuperating cement clinker grinding effectiveness, power, flowing ability, and potency expansion of binders. Furthermore, cement grinding aid elevates the mechanical characteristics of cement which are surface area, setting time, mortar workability, and compressive strength.
Rapid urbanization and industrialization are the prime factors which is driving the construction industry. The need for strong, reliable, and modern infrastructure is increasing the demand for high quality cement and concrete. Moreover, the government is taking initiative in developing and planning new projects to support urbanization which is likely to raise the demand for cement and cement grinding aids and performance enhancer.
However, the comparatively higher cost of product and the availability of alternatives in the market is expected to limit the market growth.
Key Market Driver -
Rising construction industry.
Key Market Restraint -
Comparatively higher cost of the products.
Market Segmentation:
Based on type, the market is segmented into chemical additives, mineral additives, and fiber additives. Based on application, the market is segmented into residential, commercial, and industrial building.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Players Covered:
The global cement grinding aid and performance enhancers market consists of global & regional players operating. Some of the key players in the market include BASF, Thermax, Fosroc Chemicals, Ashtech India, Dow Chemical, P.T., Penta-Chemicals Indonesia, and Others.
Key Insights
- New Advancements in Production Technologies
- Key Trends in the Cement Grinding Aid and Performance Enhancers Market
- New Product Launches, Expansions, Key Players
- Ranking of Key Players in the Market
Regional Analysis:
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is estimated to dominate the market for Cement Grinding Aid and Performance Enhancers attributed to the growing construction industries in developing nations like India and China. Moreover, the huge government investment in the building and construction sector to develop shopping complexes, commercial and IT parks, and other public infrastructures in China, Japan, South Korea and India is raising the demand for Cement further fostering the Cement Grinding Aid and Performance Enhancers market. The North America is expected to show significant growth attributed to the rebuilding and renovations of housing and other infrastructures. European regions are expected to show moderate growth rate owing to increasing construction projects .Latin America and Middle East & Africa are expected to show considerable growth by the end of the forecast period.
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Segmentation
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Cement Grinding Aid and Performance Enhancers Industry Developments
- In December 2019, Lone Star Funds acquired the construction chemical business of BASF. The industry specific offerings of BASF are said to be complementing the investments of Lone Star Funds.
- In April 2016, BASF launched new admixture for low viscosity concrete to ensure the durability for all type of construction projects, including commercial and residential building.
- Ongoing
- 2023
- 2019-2022
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