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The global cement and concrete additives market was valued at USD 21,629.3 million in 2019, growing at a CAGR of 8.03%.<br><br>Cement and concrete additives have been added to cement and concrete in several cases to enhance their properties. The improved characteristics of cement and concrete additives may include their toughness, integrity after hardening and reaction to water and air. Cement and concrete additives have a basic aim of improving the functionality of cement and concrete, thereby improving the longevity and stability of each building.
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Cement and Concrete Additive Market The global cement and concrete additives market was valued at USD 21,629.3 million in 2019, growing at a CAGR of 8.03%. Cement and concrete additives have been added to cement and concrete in several cases to enhance their properties. The improved characteristics of cement and concrete additives may include their toughness, integrity after hardening and reaction to water and air. Cement and concrete additives have a basic aim of improving the functionality of cement and concrete, thereby improving the longevity and stability of each building.
Cement and Concrete Additive Market Globally speaking, growing investments in infrastructure and the growth of the construction industry are expected to drive this market. In emerging economies such as China, India and Brazil, massive investment in infra-structure projects is expected to provide sufficient opportunities to expand the cement and concrete additive market in the prediction period. The introduction of stringent regulations by various governments limited the use of toxic chemicals in construction chemicals and the development of the cement additive industry is anticipated to be hindered by strict conformity requirements.
Cement and Concrete Additive Market Based on Application - Residential - Non-Residential - Others The sector is categorized on the basis of residential, non-residential and other uses. The other groups include applications for rivers, parks, bridges, and roads for these additives. The residential group will lead the demand during the forecast period based on the application. This is due to the need for concrete and cement additives for household construction and in internal installations such as ceilings and façades.
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