Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Cement grinding aids are used in cement grinding process as an additive. It helps in improving the performance of cement without compromising on the quality of cement. It is also beneficial in reducing the overall cost of usage of cement in the construction industry.
The global cement grinding aids market is projected to reach around US$ 5,021.3 Million by the end of 2027, in terms of revenue, exhibiting a CAGR of 5.7% during the forecast period (2020-2027).
The growth of the global cement grinding aids market is driven by increasing research and development activities adopted by the major market players for launching new products and gaining a larger market share. Key players are focusing on organic growth strategies such as new product launches and product development, in order to gain market share in the global cement grinding aids market during the forecast period. For instance, in November 2017, GCP Applied Technologies Inc. launched two cement additives, OPTEVA HE quality improvers and TAVERO VM grinding aids, to deliver higher-performing and lower cost cement production. GCP Applied Technologies Inc. is engaged in the production and supply of specialty chemicals & materials, which are used in construction and sealants & coatings used in packaging industry.
Furthermore, North America region is dominating the global market, with the increase in home furnishing activities and construction activities, majorly in the U.S. For instance, according to the Leading Indicator of Remodeling Activity (LIRA) released by Remodeling Futures Program, the spending for home repair & renovation in the U.S. is expected to increase from 6% in the first quarter of 2018 to 6.3% by the end of second quarter of 2018. In addition to this, within the U.S., the owners of residential properties are expected to spend over US$ 330 billion on home replacements, upgrades, and routine maintenance, in 2018.
Among region, Asia Pacific held dominant position in the global cement grinding aids market in 2019, accounting for 34.2% share in terms of value, followed by North America.
Figure 1. Global Cement Grinding Aids Market Revenue Share (%), By Region, 2018
The impurities present in the grinding aid can cause damage to the dosing equipment, can introduce air and foam in the mortar or cement slurry, and can lead to the sedimentation of solids and instability & decomposition, which can result in smell of the grinding aid and even in the final product such as cement. This is expected to hamper the market growth over the forecast period.
Cement Grinding Aids Market Report Coverage
||Market Size in 2019:
||US$ 2,320.2 Mn
|Historical Data for:
||2016 to 2019
||2020 to 2027
|Forecast Period 2020 to 2027 CAGR:
||2027 Value Projection:
||US$ 5,021.3 Mn
U.S., Canada, Brazil, Argentina, Mexico, Rest of Latin America, U.K., Germany, France, Italy, Spain, Russia, Rest of Europe, China, India, Japan, ASEAN, South Korea, Australia, Rest of Asia Pacific, Middle East, Africa
- By Product Type: Amine-based Grinding Aids (Monoethanolamine (MEA), Diethanolamine (DEA), Treiethanolamine (TEA), and Triisopropanolamine (TIPA)), Alcohol-based Grinding Aids (Ethylene Glycol (EG) and Diethylene Glycol (DEG)), and Ether-based Grinding Aids (Poly Carboxylate Ether (PCE))
- By Cement Type: Blended Cement, Hydraulic Cement, Portland Cement, and Others
- By Application: Ball Mills, Vertical Mills, and Ground-granulated Blast-furnace Slag (GGBS) Grinding
- By End-use Industry: Construction, Home Decoration, and Others
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
- Growing construction or cement industry
- Rising new product launches in the market
- Increasing investments by cement producers to increase plant capacities
|Restraints & Challenges:
- Presence of impurities in cement grinding aids
- Short term impact on production activities due to COVID-19
Figure 2. Global Cement Grinding Aids Market – Opportunity Analysis
The market is expected to experience significant growth opportunities over the forecast period, owing to increasing demand for ground-granulated blast-furnace slag (GGBS) grinding. Ground-granulated blast-furnace slag (GGBFS) is a by-product of iron and steel-making obtained by quenching molten iron slag from a blast furnace in water or steam. The increasing awareness about sustainability is leading to extensive opportunities in adoption of GGBS. Countries such as UAE have directed regulations under Dubai Green Buildings Regulations, which aim towards sustainable environmental development and protection. This cement grinding aid is environmentally friendly and helps in reducing greenhouse gas emissions.
Figure 3. Global Cement Grinding Aids Market Revenue Share (%), By Application, in 2019
Among application, in 2019, the ball mills segment accounted for the largest market share of 89.4% in terms of value, followed by vertical mills segment.
Cement Grinding Aids Market - Impact of Coronavirus (Covid-19) Pandemic
Coronavirus has brought the global economy to an unprecedented halt, however, the construction industry and the cement grinding aids market are expected to recover by the end Q4 of 2020, owing to numerous ongoing construction projects across globe. Furthermore, there is a need for companies in the market to continuously look into their strategies to adapt themselves into larger macro-economic conditions and to decide where to invest next.
Key players operating in the global cement grinding aids market include 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