The 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 chemicals added to cement during the final grinding process in a cement mill. They are used to improve the grinding process, reduce energy consumption, increase production, and enhance the quality of the finished cement. Grinding aids modify the physical properties of cement particles to facilitate more efficient comminution during grinding. The main use cases are improving flow ability, reducing pressure drop in pipes and fittings, and enhancing strength at all ages including early strength.
Market Dynamics:
One of the primary driver for cement grinding aids market is rapid urbanization and industrialization across the globe. According to the United Nations, around 68% of the world population is expected to live in urban areas by 2050. This is augmenting the demand for infrastructure development activities such as construction of roads, buildings, and other cement intensive projects. Furthermore, grinding aids help to reduce energy consumption during cement production significantly. They can decrease the electricity used by a cement mill by up to 20-30% translating to huge savings for cement manufacturers. This cost efficiency offered by grinding aids is also fueling market growth over the forecast period.
Segment Analysis
The cement grinding aids market can be segmented on the basis of chemical type and end-use industry. Based on chemical type, the polycarboxylate ether (PCE) dominates the cement grinding aids market owing to its effectiveness in enhancing grinding efficiency and improving early and standard compressive strength in cement. PCE reduces the surface energy of the cement particles, enabling improved dispersion and shorter settling times.
PEST Analysis
Political: Government policies regarding the promotion of infrastructure development projects are positively impacting the cement grinding aids market. Economic: Rising construction activities driven by growing economies is fueling the demand for cement and subsequently cement grinding aids. Social: Rapid urbanization and growing population has increased requirements for housing, commercial buildings, and infrastructure, thereby driving growth. Technological: Advancements in grinding aid formulations that allow better control over cement properties and grinding processes are augmenting market growth.
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 infrastructural development activities across the world. Regionally, Asia Pacific dominates the global cement grinding aids market and is expected to grow at the fastest rate during the forecast period due to high economic growth and rising population in countries such as China and India.
The cement grinding aids market in Asia Pacific region is projected to reach a valuation of US$ 1734.11 Mn by 2030 primarily driven by rising residential and commercial construction in China, India and other Asian countries. Majority of cement is produced and consumed in the Asia Pacific region supported by growing infrastructure development.
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 and expansion strategies to gain a competitive edge in the market. For instance, in 2021, Thermax introduced its new grinding aids brand – THERTEC to provide holistic solutions for cement grinding applications.
*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, chemical and materials, defense and aerospace, consumer goods, etc.