The global cement additives market to grow at a CAGR of 4.40% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global cement additives market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is innovations in cement. Advances in technologies have led to improvements in the production volumes of cement manufacturers. However, the higher production volumes have also increased air pollution across the globe. The primary reason for air pollution in the cement business includes excavation activities, conveyer belts, crushing mills, and kiln emissions.
According to the report, one driver in the market is increasing demand for plasticizers. Sulfonated naphthalene formaldehyde, polycarboxylic acids, sulfonated melamine formaldehyde, lignosulfonates, and others are some of the widely used plasticizers in cement. These are added to concrete to reduce the water content to achieve a certain degree of workability.
With the increase in paste quality, the concrete mixture acquires higher compressive and flexural strength, increased resistance to weathering, lowers volume change from drying, reduces permeability, improves the bond between concrete and reinforcement and wetting, reduces shrinkage cracking tendencies, and other related properties.
Further, the report states that one challenge in the market is increase in construction costs and lack of skilled workforce. The construction industry uses materials such as stainless steel, hardened steel, cast iron, cement, concrete, bricks, aggregates, and others. The cost of cement accounts for about 1%-15%, the cost of steel accounts for 8%-10% and other materials account for 25%-30% of the total cost incurred for construction. The availability of these materials creates a cycle of variable pricing wherein the increase in the prices of one building material increases the total cost of construction, thereby increasing the overall construction costs.