According to the latest research report titled ‘Global Construction Additives Market Size study, By Type (Chemical, Mineral, Fiber), By End-use Sector (Residential, Commercial, Infrastructure), and Regional Forecasts 2022-2028’ available with MarketStudyReport, global construction additives market which worth USD 27.26 billion in 2021, is expected to touch a valuation of USD 43.60 billion by 2028, and progress at a year over year growth rate of 6.94% through the review period.

Rising demand for the highest quality of construction materials, expanding construction sector, and swift urbanization are the major factors driving global construction additives market growth.

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For the uninitiated, construction additives are the minerals and chemicals that are blended into cement, mortar, and other materials for improving the physical properties of construction components.

Furthermore, advances in different products and services, and escalating adoption of ready-mix concrete (RMC) in emerging economies are likely to unearth new opportunities for industry expansion in the forthcoming years.

Despite the positive outlook, fluctuating prices of raw materials and energy, coupled with instability in the economic situation across the world may impede the growth dynamics of the industry over the analysis timeframe.

Speaking of segmentation, worldwide construction additives industry space is bifurcated by type, and end user spectrum. Predictions about future growth map based on past and current trends are provided in the document to ensure a deeper understanding of market dynamics among stakeholders.

From a geographical standpoint, Asia Pacific industry is slated to contribute significantly to overall remuneration during 2022-2028, on the back of growing construction activities and increasing number of government investments directed towards infrastructural development in emerging economies. Additional factors such as population explosion and rapid urbanization in countries such as China, Australia, and Japan are bound to uncover lucrative growth opportunities for businesses in the
landscape.

The competitive framework of worldwide construction additives industry is defined by leading players such as Sika AG, Fosroc International Ltd., BASF SE, Fritz-Pak Corporation, RPM International Inc., PAC Technologies LLC, Mapei S.p.A., Innua Petrochem Ltd., Concrete Additives & Chemicals Pvt. Ltd., and W.R. Grace & Company.