At 4.9% CAGR, South & Central America Construction Additives Market is Projected to be Worth US$ 3,573.87 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the South & Central America construction additives market was valued at US$ 2,444.98 million in 2022 and is expected to reach US$ 3,573.87 million by 2030, registering a CAGR of 4.9% from 2022 to 2030. Development of sustainable construction additives and strategic initiatives are among the critical factors attributed to drive the South & Central America construction additives market growth.

Governments of various countries have imposed a few regulations on using sustainable chemicals to manufacture products in processing industries, including chemicals & materials and paints & coatings, to ensure better protection of human health and the environment. These regulations are set to reduce greenhouse emissions and have compelled polymer manufacturing companies to increase investments in developing naturally derived raw materials. Rising awareness regarding greenhouse gas (GHG) emissions is projected to surge the demand for bio-based and sustainable polymer products. Governments of various countries are adopting several initiatives to increase the awareness and development of bio-materials and recycled materials. 

In 2022, Evonik Industries AG launched a sustainable dispersing additive for pigmented coatings and pigment concentrates. In 2021, Kao Performance Chemicals launched an asphalt additive made from recycled plastic (Polyethylene Terephthalate) bottles. The product NEWTLAC 5000 is an additive with high durability and oil resistance. Moreover, NEWTLAC 5000 pavement is less susceptible to damage from heavy vehicles.

Nouryon launched sustainable ingredients for the asphalt market in 2019. The company launched Wetfix G400, a non-amine adhesion promoter derived from renewable resources. Wetfix G400 is aimed at meeting customers' needs for a sustainable alternative that maintains asphalt mixture performance and durability. Adhesion promoters are added to asphalt used in road construction and maintenance to protect from damage caused by moisture and extend the service life of asphalt pavement. However, conventional adhesion promoters are incompatible with polyphosphoric acid (PPA), which is growing in popularity as an economical way to modify asphalt binders to the desired performance level. Therefore, the development of sustainable construction additives is expected to drive the construction additives market during the forecast period.

On the flip side, fluctuations in raw material prices hampers the growth of South & Central America construction additives market.

Based on type, the South & Central America 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 30.6% market share in 2022, amassing US$ 748.94 million. It is projected to garner US$ 1,114.85 million by 2030 to register 5.1% CAGR during 2022-2030.

In terms of application, the South & Central America construction additives market is categorized into residential, commercial, infrastructure, and others. The residential segment held 37.5% share of South & Central America construction additives market in 2022, amassing US$ 917.10 million. It is anticipated to garner US$ 1,355.46 million by 2030 to expand at 5.0% CAGR during 2022-2030.

Based on country, the South & Central America construction additives market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 49.8% share of South & Central America construction additives market in 2022. It was assessed at US$ 1,218.11 million in 2022 and is likely to hit US$ 1,844.95 million by 2030, registering a CAGR of 5.3% during 2022-2030.

Key players operating in the South & Central America construction additives market are W. R. Grace & Co, Dow Inc, BASF SE, Cemex SAB de CV, Sika AG, Evonik Industries AG, RPM International Inc, Mapei SpA, and Holcim Ltd, among others.


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