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 the chemical admixtures used in the cement grinding process to improve the efficiency of the process. Cement grinding aids help in improving grindability of the cement clinker thereby reducing energy consumption during grinding. They also help to improve the quality of the finished cement. Cement grinding aids are mostly used in ball mill cement grinding systems. Some common types of cement grinding aids include glycol-based, polyether-based, polyol-based, and amine-based cement grinding aids. Glycol-based grinding aids are the most widely used type accounting for over 60% of the global market. Cement grinding aids play a vital role in increasing cement quality and production while reducing the costs.
Market key trends:
One of the key trends in the cement grinding aids market is development of new environment-friendly grinding aid formulations. Rising environmental concerns have prompted cement grinding aid manufacturers to focus on developing bio-based and lower toxicity grinding aid formulations. For instance, some manufacturers are developing glycol-based formulations derived from renewable plant-based raw materials instead of petroleum feedstocks. Another key trend is increasing demand from emerging markets such as Asia Pacific, Middle East & Africa, and Latin America. Rapid infrastructure development and growth of the construction industry in these regions is fueling demand for cement and cement additives including cement grinding aids.
Porter’s Analysis
Threat of new entrants: The global cement grinding aids market is highly consolidated with top players accounting for a major share. High capital requirements and established supplier networks raise entry barriers.
Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of a wide range of cement grinding aids. Switching costs are low.
Bargaining power of suppliers: Suppliers have moderate bargaining power owing to the availability of substitutes and differentiated products.
Threat of new substitutes: Substitute products like new generation grinding aids pose minimal threat as they are not widely accepted in the industry yet.
Competitive rivalry: The global market is dominated by top players who compete based on product quality and pricing.
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 construction activities globally. The market size for 2023 is estimated to be US$ 2896.18 Mn.
Regional analysis: Asia Pacific dominates the global cement grinding aids market and is expected to maintain its leading position over the forecast period. This can be attributed to high economic growth and extensive construction activities in China and India.
Key players: 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. These players compete based on product quality and pricing.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
