Lucintel's latest market report analyzed that construction chemical additive provides attractive opportunities in the residential, non-residential, and non-building markets. The construction chemical additive market is expected to reach $14.8 billion by 2028 with a CAGR of 8%. In this market, accelerating additives is the largest segment by type, whereas non-residential is largest by end use industry.
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Based on type, the construction chemical additive market is segmented into plasticizers, accelerating additives, retarding agents, air-entraining agents, waterproofing additives, and others. The accelerating additives segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, because it helps in enhancing the concreteness of chemical properties as well as physical properties, when they are mixed with construction chemicals.
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The Construction Chemical Additive Market is marked by the presence of several big and small players. Some of the prominent players offering construction chemical additive include BASF SE, Sika AG, RPM International, W.R. Grace & Co., Mapei South Africa, Clariant, Croda International, Evonik Industries, and FosrocInternationalHoneywell, Johnson & Johnson ADT Corporation, Control4 Corporation, United Technologies Corporation, Sieme.
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