Cement Grinding Aids Industry- Regional Synopsis
North American Market Forecast
North America industry is poised to dominate majority revenue share of 35% by 2037, impelled by growing innovations in the region. 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.
