The global Cement Grinding Aids Market is estimated to be valued at US$ 2896.18 Mn in 2023 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Cement grinding aids are chemical admixtures used during the final grinding process of cement clinker and gypsum. They are added in small quantities ranging from 0.1% to 0.4% by weight of cement. Cement grinding aids improve the grinding efficiency and reduce energy consumption during the grinding process. They facilitate the dispersion of cement particles in the mixed concrete, thereby enhancing its workability and flow.
Market key trends:
One of the major trends driving the demand for cement grinding aids is the growing construction industry worldwide. Rapid urbanization, rising disposable incomes, and increasing infrastructure investments are fueling construction activities globally. According to the Global Construction 2030 report by Global Construction Perspectives and Oxford Economics, the worldwide construction output is projected to grow by 85% to $15.5 trillion by 2030. This rising construction output will significantly boost the demand for cement and subsequently cement grinding aids. Moreover, cement grinding aids also help cement producers improve yields and optimize their grinding processes, which is encouraging their increasing adoption. However, strict environmental regulations regarding cement production may hamper market growth.
SWOT Analysis
Strength: Cement grinding aids improve grinding efficiency and increase throughput and cement performance. They reduce energy consumption by upto 10% during cement grinding.
Weakness: Overdosage of grinding aids causes loss of cement strength and increase in setting time. Different type of cement require different grinding aids and their compatibility needs to be tested.
Opportunity: Growing construction industry globally is driving the demand for cement. This provides growth opportunity for cement grinding aids market. Rapid urbanization rates in developing countries also increases the opportunity.
Threats: Fluctuation in crude oil prices affects the prices of raw materials used in manufacturing of cement grinding aids. Implementation of stringent environmental regulations can increase compliance cost.
Key Takeaways
The Global Cement Grinding Aids Market Size is expected to witness high growth, exhibiting CAGR of 5.7% over the forecast period, due to increasing infrastructure development and construction activities globally.
Regional analysis:
Asia Pacific dominates the global cement grinding aids market and is expected to grow at fastest rate during forecast period due to strong growth in residential and commercial construction in China and India. These countries contribute over 60% of global cement demand. Europe and North America are also large markets due to ongoing construction projects.
Key players operating in the Cement Grinding Aids market are Ashtech India Pvt. Ltd, BASF SE, CHRYSO SAS, Ecmas Group, GCP Applied Technologies Inc., KMCO LLC, MYK Schomburg, PROQUICESA, Shalimar Tar Products, Sika AG, Thermax Global, and Unisol. The key players are focusing on new product launches, mergers, acquisitions, and collaborations to gain significant market share. For instance, BASF launched a new generation of grinding aids under the brand name Polyciment in 2022 that reduces energy consumption in cement grinding by up to 15%.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.