Report: US demand for cement, concrete additives to reach $4 billion in 2020
Demand for cement and concrete additives in the United States is forecast to grow 7 percent annually to $4 billion in 2020, reveals a Freedonia Group report, “Cement & Concrete Additives.” According to the report, the growth will be due mostly to gains in concrete consumption, as well as rising additive loadings.
The report says building construction will continue to be the largest market for cement and concrete additives, comprising more than half of the total demand in 2020. Demand is more concentrated in the nonresidential building segment because of the higher performance standards needed for concrete used in high-rise buildings and in structures that endure harsh industrial conditions, the report says.
The report revealed that more use of cement and concrete additives on a per ton basis is expected in all major markets, with the goal of enhancing strength and durability.
“Together with steel rebar reinforcement, additives enable the progression toward higher performance concrete,” says Minor Cline, industry analyst.
In addition, the report says low-cost supplementary cementitious materials are used in most concrete mixes today, and they’re key ingredients for specialized, advanced types of concrete. The utilization of these modified concrete mixes will continue to grow, the report says, especially in nonresidential building applications.
“Cement & Concrete Additives” is available for $4,900 from The Freedonia Group. The Freedonia Group is an international industrial research company that publishes more than 100 studies annually.
About the Author: Allison Kral
Allison Kral is the former senior digital media manager for North Coast Media (NCM). She completed her undergraduate degree at Ohio University where she received a Bachelor of Science in magazine journalism from the E.W. Scripps School of Journalism. She works across a number of digital platforms, which include creating e-newsletters, writing articles and posting across social media sites. She also creates content for NCM's Portable Plants magazine, GPS World magazine and Geospatial Solutions. Her understanding of the ever-changing digital media world allows her to quickly grasp what a target audience desires and create content that is appealing and relevant for any client across any platform.Subscribe to Pit & Quarry
If you enjoyed this article, subscribe to Pit & Quarry to receive more articles just like it.
