Demand for cement additives in the U.S. is forecast to expand 7.2 percent annually to $2.0 billion in 2022, the fastest rate of increase of any major type of construction chemical, according to a new study from The Freedonia Group, a Cleveland-based industry research firm.
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 The Freedonia Group’s “Construction Chemicals in the U.S., 7th Edition.”
Highways and streets are the largest single market for cement additives, accounting for 40 percent of demand in 2017 and forecast to expand 7.5 percent 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 U.S. is projected to expand 5.0 percent 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.