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3. BASF (Germany) and Sika AG (Switzerland) are Leading Players in the Construction Additives Market

The global construction additives market size is projected to grow from USD 35.3 billion in 2024 to USD 49.5 billion by 2030, at a CAGR of 7.0% during the forecast period.

Construction additives are specialized chemicals incorporated into materials like concrete and mortar to improve their properties and performance. These additives can be mixed during cement production or concrete preparation, serving various purposes such as enhancing workability, boosting strength, and adjusting setting times. They are widely used across residential, commercial, and infrastructure projects, playing a vital role in enhancing the durability and quality of structures.

Additionally, Governments and private entities are investing heavily in infrastructure projects, such as roads, bridges, railways, and airports, to support economic growth and improve connectivity. These projects rely on construction additives to enhance the performance and longevity of the structures.

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A few of the major players are BASF (Germany), Sika AG (Switzerland), Saint-Gobain S.A. (France), MAPEI S.p.A. (Italy), Dow (US), RPM International (US), Evonik Industries (Germany), W. R. Grace and Co. (US), CICO Group (India) and others. These players have implemented various growth strategies, such as acquisitions, investments, expansions, joint ventures, and partnerships to enhance their market shares and boost their product portfolios.

BASF Group (US) is a manufactures, distributes, and supplies diverse range of products. The company operates in six major business segments, including surface technology, materials, chemicals, agricultural solutions, industrial solutions, nutrition & care, and others. The company has 234 production sites worldwide and operates globally through its subsidiaries. It also carries out R&D in alliance with global customers, scientists, and partners. The company have geographical presence in North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

Sika AG, (Saudi Arabia) is a leading global specialty chemicals company that manufactures systems and products for bonding, sealing, damping, reinforcing, and protection in the building and industrial sectors. Sika's product portfolio includes concrete admixtures, specialty mortars, sealants and adhesives, damping and reinforcing materials, structural strengthening systems, industrial flooring, and roofing systems. Sika caters the demand of custromers through its subsidiaries in 103 countries and over 400 factories globally.

DOW, (US) is a American corporation with an extensive portfolio. business segments are divided into four categories: safety and industrial, transportation and electronics, healthcare, and consumer. 3M serves customers across a diverse array of industries, including automotive, electronics, healthcare, safety, energy, and consumer goods. The company has adopted the expansion strategy majorly to increase its global presence and expand the business. The company have a operations in North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

The companies have initiated the following developments:

• In May 2024, BASF Group announced an expansion of its second polymer dispersions production line at the Daya Bay site in Huizhou, China
• In April 2021, BASF launched a new website for ‘Performance and Formulation Additives which have features which provides faster and easier access to new additives.
• In February 2024, Sika has acquired Vinaldom, S.A.S in the Dominican Republic, a company known for providing high-quality concrete construction products for decades.
• In June 2024, Sika has opened a new plant in Liaoning, the largest province in northeastern China, which will manufacture a comprehensive range of products, including mortars, waterproofing solutions, and tile adhesives
• In May 2023, Sika announced the acquisition of MBCC Group, a leading global supplier of construction chemicals.
• In March 2022, Dow has announced a new product extension of VORASURF Silicone Surfactants with a specific focus on spray and construction applications.

Related Reports:

Construction Additives Market by Type (Chemical (Plasticizers, Air-entraining, Waterproofing, Retarding agent), Mineral, Fiber), End-Use Sector (Residential, Commercial, Infrastructure), and Region - Global Forecast to 2029

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