Cement Grinding Aids Market size is expected to reach USD 9 billion by the end of 2036, growing at a CAGR of 6% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of cement grinding aids was USD 2 billion. This growth of the market is set to be encouraged by growing construction activities. Across the globe, there were estimated to be close to 794,431 built-up areas (BUAs) in the year 2016. By 2022, this number was predicted to observe growth to over 849,406 residents. Further, by 2050 approximately 2 million buildings are projected to be constructed. Hence, the demand for cement grinding aids is also estimated to experience a surge.
Furthermore, significant investment has been made by various key players in the construction industry in research & development to boost the launch of new and innovative products. For instance, the innovations made recently in chemical formulations and the production of enhanced additives are providing enriched grinding efficiency, high compatibility with different cement types, and great cement performance.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
~6% |
Base Year Market Size (2023) |
~USD 2 Billion |
Forecast Year Market Size (2036) |
~ USD 9 Billion |
Regional Scope |
|
Application (Ball Mills, Vertical Mills, Ground-Granulated Blast Furnace Slag [GGBS] Grinding)
The ball mills segment is predicted to account for 50% share of the global cement grinding aids market during the forecast period. The utilization of bill mills has significantly risen for grinding the raw materials and clicker of the cement plant, and additionally for grinding different ores in chemical, metallurgical, and electric power enterprises. It adapts the attribute of strong compliance to materials, uninterrupted manufacturing, a large crushing ratio, and affability to align with the fineness of grinding products. Furthermore, the cement ball mill may be utilized not only in dry method cement manufacturing lines but, also in wet procedure cement production lines. Additionally, it may comprehend concurrent drying and grinding, which is the necessary equipment for cement grinding. Therefore, this segment is observing notable growth in its share.
End Use Industry (Construction, Home Decoration)
The construction segment is predicted to account for 60% share of the global cement grinding aids market during the forecast period. The major factor in encouraging the growth of this segment is the growing demand for smart cities. It is estimated that close to 69% of the population in the globe will be residing in smart cities by the year 2050. Hence, this is further estimated to encourage the construction industry. Furthermore, the government is launching various initiatives in order to boost the development of infrastructure such as roads, bridges, and more on account of the growing demand for connectivity, trade, and economic development. Furthermore, the construction sector has driven considerable foreign direct investment (FDI). This is because foreign investors have identified the importance of growth and returns in the construction market. Further, this FDI in construction is predicted to show a positive effect on infrastructure development. As a result, the construction segment is poised to grow which is further estimated to encourage cement grinding aids market
Our in-depth analysis of the global cement grinding aids market includes the following segments:
Product Type |
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Cement Type |
|
Application |
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End Use Industry |
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North American Market Forecast
The North America cement grinding aids market is predicted to generate the highest revenue share 35% during the forecast period. This growth is set to be encouraged by rising renovation in this region. Americans invested over USD 362 billion on renovations, home improvements, and repairs in 2020 and close to 405 billion in the year 2021 which indicates growth. Additionally, the government in this region is imposing strict regulations to eradicate carbon emissions and save energy. Consequently, this factor is projected to dominate the adoption of cement grinding aids in the region. Moreover, cement grinding facilitates the utilization of substitute raw materials, including fly ash, slag, and natural pozzolans, in the production of cement. Hence, this has reduced the reliance on traditional clinker along with contributing to the circular economy by diverting waste from landfills. As a result, the North American region is poised to observe a significant rise in demand for cement grinding aids.
APAC Market Analysis
The Asia Pacific cement grinding aids market is also set to have notable growth in the revenue during the forecast period. This growth of the market is poised to be encouraged by the rising population in this region. Additionally, the investment in Industry 4.0 has also risen significantly by the government which is why the market for cement grinding aids is expected to experience a surge in this region. Moreover, this region also has well well-established construction industry which is further set to encourage cement grinding aids market expansion.
Author Credits: Rajrani Baghel
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