Demand for Cement Additives to Grow 7.2% Annually Through 2022
CLEVELAND, March 19, 2018 /PRNewswire/ -- Demand for cement additives in the US is forecast to expand 7.2% yearly to $2.0 billion in 2022, the fastest rate of increase of any major type of construction chemical. Healthy growth will be driven in part by the uptake of higher value and better performing additives such as water reducers and specialty additives. The continued uptake of advanced cement technologies offering superior performance and ease of placement ? high performance concrete (HPC) and self-consolidating concrete (SCC) ? will also boost demand. These and other trends are presented in Construction Chemicals in the US, 7th Edition, a new study from The Freedonia Group, a Cleveland-based industry research firm.
More information about this study is here: https://www.freedoniagroup.com/industry-study/construction-chemicals-in-the-us-by-product-and-market-7th-edition-3615.htm
Highways and streets are the largest single market for cement additives, accounting for 40% of demand in 2017 and forecast to expand 7.5% yearly through 2022. Gains will be boosted by increased spending on transportation infrastructure ? bridges in particular.
Demand for all types of construction chemicals in the US is projected to expand 5.0% per year through 2022. Growth will be stimulated by:
- healthy growth in new transportation infrastructure construction spending, as well as industrial and institutional
- gain in improvement and repair spending for residential and nonresidential buildings
- consumer preferences for more windows, larger kitchens, and decks in new home construction
- a shift in the product mix toward higher value, more sustainable, cost-effective, and user-friendly products due to growing concerns regarding the environmental and health impact of construction chemicals
Related studies include:
#3597 Insulation Market in the US, 12th Edition (December 2017)
#3552 Asphalt Market Forecasts (July 2017)
About The Freedonia Group, a division of MarketResearch.com ? The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Additional Construction & Building Products studies can be purchased at https://www.freedoniagroup.com/, www.marketresearch.com and www.profound.com.
Press Contact:
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SOURCE The Freedonia Group
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