Cement grinding aids help to improve the grindability of cement, reduce energy consumption, and increase concrete strength. With rapid urbanization and infrastructure development projects worldwide, especially in emerging economies, the demand for cement has increased tremendously.
The global Cement Grinding Aids Market is estimated to be valued at US$ 2896.18 Mn in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing development of new grinding aids and the rising number of upcoming construction projects are the major factors driving the growth of the cement grinding aids market. Several key players are focused on developing new and innovative grinding aids with low dosage and high efficiency. For instance, BASF SE offers grinding aids under the trade name of Polace which increases efficiency, reduces energy consumption, and improves strength. Moreover, with rapid urbanization in developing countries such as India and China, the construction of residential and commercial infrastructure like buildings, roads, bridges etc. is increasing exponentially which is expected to boost the demand for cement grinding aids during the forecast period.
Segment Analysis
The Global Cement Grinding Aids Market Size is dominated by the plasticizer sub-segment. Plasticizers act as grinding aids and improve the workability and mechanical strength of cement. They reduce the water requirement for a given workability. This helps in increasing cement hydration and enhancing concrete impermeability. The increasing demand from the construction industry is driving the growth of plasticizer grinding aids.
Key Takeaways
The global cement grinding aids market is expected to witness high growth over the forecast period of 2023 to 2030. The market is projected to grow at a CAGR of 13% during this period and reach a size of US$ 2896.18 Mn by 2023.
Regional analysis: Asia Pacific region currently dominates the global cement grinding aids market and is expected to maintain its dominant position over the next few years. This can be attributed to the rapid infrastructural and construction activities in countries like China and India. The growth of the construction sector in these developing economies is driving the demand for cement and cement auxiliary chemicals like grinding aids in this region.
Key players: Key players operating in the cement grinding aids market are Aha! Labs, Betterworks, BirdDogHR, Javelo, Peopleflunet, Qilo Technologies, Qunatum Workplace, Workteam, Wrike, Inc. These companies are focussing on expanding their product portfolios and global footprint through strategic collaborations to strengthen their position in the market.
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