At 5.4% CAGR, Europe Construction Additives Market is Projected to be Worth US$ 24,220.67 Million by 2030, says Business Market Insights

According to Business Market Insights’ research, the Europe construction additives market was valued at US$ 15,867.71 million in 2022 and is expected to reach US$ 24,220.67 million by 2030, registering a CAGR of 5.4% from 2022 to 2030. Strategic initiatives by key market players and increasing government investments for infrastructure development are among the critical factors attributed to drive the Europe construction additives market growth.

The key manufacturers operating in the market are investing significantly in strategic development initiatives such as product innovation, R&D, mergers & acquisitions, and business expansion to attract a wide customer base and enhance their market position.

• In 2023, a researcher from Sarsam and Associates Consult Bureau (Iraq) reviewed the utilization of micro-sized fly ash and nano-sized silica fumes to extend the fatigue life of the pavement.
• In 2022, SoyLei Innovations aimed at developing a rejuvenator product, a compound made of soybean oil that can be mixed with recycled asphalt.
• In 2022, Aggregate Industries launched Foamix, a cold-mix asphalt containing 92% recycled materials and 85% reclaimed asphalt pavement.
• In 2022, Euclid Chemical Company announced the acquisition of Chryso's cement grinding aids and additives business.
• In October 2023, Gerdau Graphene announced the launch of two paint & coatings additives, namely, NanoDUR and NanoLAV. These two additives utilize graphene nanoplatelets for water-based paints & coatings.
• In December 2023, PETRONAS launched an ultra-high barrier paint additive to prevent corrosion, ProShield+, for steel structures.
• In 2023, Evonik Industries AG launched TEGO Guard 9000, an additive for building façade coatings.

Thus, rising strategic product innovations and research by key market players are expected to create lucrative opportunities for the construction additives market during the forecast period.

On the flip side, fluctuations in raw material prices hampers the growth of Europe construction additives market.

Based on type, the Europe construction additives market is segmented into cement additives, concrete admixtures, precast concrete, ready-mix concrete, paints and coatings additives, adhesives and sealants additives, plastic additives, bitumen additives, and others. The cement additives segment held 30.7% market share in 2022, amassing US$ 4,875.46 million. It is projected to garner US$ 7,568.81 million by 2030 to register 5.7% CAGR during 2022–2030.

In terms of application, the Europe construction additives market is categorized into residential, commercial, infrastructure, and others. The residential segment held 36.8% share of Europe construction additives market in 2022, amassing US$ 5,840.34 million. It is anticipated to garner US$ 9,010.88 million by 2030 to expand at 5.6% CAGR during 2022–2030.

Based on country, the Europe construction additives market is categorized into the Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 32.2% share of Europe construction additives market in 2022. It was assessed at US$ 5,101.52 million in 2022 and is likely to hit US$ 7,503.72 million by 2030, registering a CAGR of 4.9% during 2022–2030.

Key players operating in the Europe construction additives market are W. R. Grace & Co, Chryso SAS, Dow Inc, BASF SE, Heidelberg Materials AG, CRH Plc, Cemex SAB de CV, Fosroc International Ltd, Sika AG, Evonik Industries AG, RPM International Inc, Mapei SpA, Holcim Ltd, and Consolis Group SAS among others.

• In November 2023, CRH plc announced to divest its lime operations in Europe to SigmaRoc plc for a total consideration of US$ 1.1 billion. According to the company, this divestment will provide significant additional capital allocation opportunities.
• In June 2023, For the building segment, Fosroc launched the FOSguard brand. Under its brand, the company offers various products, including Conplast WL Xtra, Renderoc Wallputty, Renderoc Ready Mix Plaster, Conbextra Block Jointing Mortar, Tile Adhesives, and Nitoproof Wall Dampguard.

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