The surging construction industry is expected to contribute positively to the growth of the market, states Fortune Business Insights, in a report, titled “Cement Grinding Aid and Performance Enhancers Market Size, Share & Industry Analysis, By Type (Chemical Additives, Mineral additives, Fiber additives), By Application (Residential Building, Commercial Building, Industrial Building) and Regional Forecast, 2021-2028.” Rapid industrialization and urbanization are expected to foster the healthy growth of the market.

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The report on the cement grinding aid and performance enhancers market uncovers:

  • Eminent insights into the industry
  • Important data with in-depth research
  • Factors exhibiting market growth
  • Comprehensive study about main regions
  • COVID-19 impact on the market
  • Prime developments in the industry

 

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Market Driver:

Introduction of Advanced Admixture by BASF to Stimulate Growth

The increasing R&D investments by prominent companies for the development of advanced quality mixtures and materials used in construction projects can have a tremendous impact on the global market during the forecast period. For instance, in April 2016, BASF, a German multinational chemical company announced that it has introduced a new admixture for low viscosity concrete to ensure durability for all types of construction projects, including commercial and residential building. Furthermore, the increasing government initiatives for new building projects can have an excellent impact on the global market in the forthcoming years. The need for robust, sustainable, and modern infrastructure is expected to spur demand for high-quality cement and concrete, which, in turn, can stimulate the growth of the market. In addition, the significant demand for cement and cement grinding materials is expected to favor the healthy growth of the market.

Nevertheless, the high cost of materials is expected to restrict the growth of the market during the forecast period. Moreover, the availability of alternatives is expected to further retard the expansion of the market.

Regional Analysis:

Hefty Government Investments to Advance Growth in Asia Pacific

The market in Asia Pacific is expected to expand radically during the forecast period owing to the improving construction industry in developing nations such as India and China. The enormous government investment in the building and construction sector for the development of shopping complexes, commercial and IT parks, and other public infrastructures in China, Japan, South Korea, and India can encourage the healthy growth of the market in the region. North America is expected to account for a significant share owing to the rebuilding and renovations of housing and other infrastructures in the region. Europe is expected to rise outstandingly owing to the renovation of existing buildings. Latin America and Middle East & Africa are expected to experience considerable growth during the forecast period owing to the surging construction projects in numerous GCC countries.

Notable Development:

December 2019:  Lone Star Funds announced that it has acquired the construction chemical business of BASF. The industry-specific offerings of BASF will complement the investments of Lone Star Funds.

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The Report Lists the Key Companies in the Cement Grinding Aid and Performance Enhancers Market:

  • BASF
  • Thermax
  • Fosroc Chemicals
  • Ashtech India
  • Dow Chemical
  • T.
  • Penta-Chemicals Indonesia

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