Cement Grinding Aids Market Size

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.

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are growing need to reduce energy consumption in the cement industry, rising urban population, and surging digitalization to enhance grinding process.

The market size of cement grinding aids is anticipated to attain a CAGR of 6% over the forecast period, i.e., 2024-2036.

The major players in the market are Ashtech India, CHRYSO Inc, The Dow Chemical Company, Fosroc, Inc., and others.

The construction segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.

Cement Grinding Aids Market Size