Allied Market Research published a report, titled, "Construction Additives Market by Type (Chemical Additives, Mineral Additives, and Fiber Additives) and End Use (Residential, Industrial, Infrastructure, and Commercial): Global Opportunity Analysis and Industry Forecast, 2024-2033". According to the report, the "construction additives market" was valued at $34.5 billion in 2023, and is estimated to reach $64.5 billion by 2033, growing at a CAGR of 6.6% from 2024 to 2033.  

Prime determinants of growth  

The global construction additives market has experienced growth due to several factors such as infrastructure development projects and surge in demand for high-performance building materials. However, fluctuations in raw material prices hinder market growth. Moreover, an increase in focus on sustainable construction practices presents additional opportunities for anti-corrosion coating. As the global construction industry moves toward greener and more energy-efficient solutions, there is a growing demand for materials that enhance durability, reduce environmental impact, and improve overall building performance. Construction additives such as water reducers, air-entraining agents, and set retarders play a crucial role in achieving these sustainability goals. They help in optimizing cement usage, minimizing waste, and enhancing the mechanical properties of concrete, ultimately contributing to reduced carbon emissions.