The Cement Additives Market is being driven by Increasing demand for plasticizers
The Cement Additives Market is expected to grow at a CAGR of 6.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 11516.9 million. In the cement industry, the adoption of alternative fuels in cement kilns is becoming increasingly prevalent as a means to reduce carbon emissions and enhance operational efficiency. Coal, traditionally used as an energy source in cement production, is being gradually replaced with waste materials such as waste oil, non-recyclable plastics, pre-treated industrial and municipal wastes, textiles, paper residues, construction and demolition wastes, including wood from demolished buildings, used carpets, and old asphalt shingles. The utilization of alternative fuels not only decreases the carbon footprint of cement production by mitigating CO2 emissions but also maximizes the calorific value of waste materials in cement kilns, resulting in a more environmentally sustainable and cost-effective process. By reducing the overall quantity of CO2 emissions, the environmental impact and greenhouse gas releases during waste combustion are minimized.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
204 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.6% |
Market growth 2025-2029 |
USD 11516.9 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
6.1 |
Key countries |
China, Japan, India, US, South Korea, Germany, Indonesia, UK, France, and Canada |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Cement additives refer to substances, including water reducers like Fly ash and Silica slag, mineral additives such as Rice husk ash, and fiber additives, that are added to cement and stone during production to enhance properties. These additives include water reducers, grinding aids, strength enhancers, and performance enhancers. Die casting tools also utilize cement additives like Sodium gluconate. The exportation of cement relies on the effective use of these additives to optimize cement production. Chemical and mineral additives play crucial roles in reducing water usage, improving workability, and increasing the strength and durability of cement and concrete in various applications, including building floors.
The global specialty chemicals market encompasses businesses specializing in high-value-add chemicals utilized in the production of various products, such as fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings. According to Technavio's market analysis, the market's growth is attributed to the increasing demand for specialty adhesives and sealants, which are essential components in industries like water reduction, cement and stone, die casting tools, and manufacturing processes involving chemical additives, mineral additives, and fiber additives. This trend is expected to significantly contribute to the market's expansion throughout the forecast period.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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