Construction Additives Market Growth and Forecast by 2030

The construction additives market size was valued at US$ 72.76 billion in 2022 and is expected to reach US$ 114.59 billion by 2030; it is estimated to register a CAGR of 5.8% from 2022 to 2030.

Market Insights and Analyst View:

Construction additives include cement additives, concrete admixtures, plastic additives, bitumen additives, paints and coatings additives, adhesives & sealants additives, glass additives, and ceramic additives. These materials are used to improve the quality and performance of the construction products. They also help to achieve certain desirable properties, such as increased strength, durability, and workability. There are various powder and liquid construction additive products available in the market that enable the formulation of innovative products. The major factors driving the market growth are the growing residential and commercial construction and the increasing government investments in infrastructure developments. The government-supported infrastructure projects include roads, dams, bridges, tunnels, ports, airport pavements, and highways. All these factors are contributing to the construction additives market.

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