Prepared Additives For Cements Market

The market for prepared additives for cements, mortars, or concretes is expected to show steady growth from 2022 to 2030, with consumption volume projected to reach 16M tons and market value expected to reach $20.5B by the end of 2030. The article covers trends in consumption, production, imports, and exports, with key insights on top consuming countries, production volumes, import prices, and export prices. From 2012 to 2022, the market saw fluctuations but maintained an overall upward trajectory, with China, the United States, and India leading in consumption and production. The United States, the United Arab Emirates, and China were the top importers, while China dominated as the largest exporter of prepared additives for cements. The article provides a comprehensive overview of the market dynamics and key statistics for industry players and stakeholders.

Market Forecast

Driven by increasing demand for prepared additives for cements, mortars or concretes worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.9% for the period from 2022 to 2030, which is projected to bring the market volume to 16M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.2% for the period from 2022 to 2030, which is projected to bring the market value to $20.5B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Prepared Additives For Cements, Mortars Or Concretes

In 2022, consumption of prepared additives for cements, mortars or concretes was finally on the rise to reach 13M tons for the first time since 2018, thus ending a three-year declining trend. The total consumption volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at 14M tons in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

The global prepared additives for cements market value shrank slightly to $14.8B in 2022, approximately reflecting the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market hit record highs at $16.3B in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (2.3M tons), the United States (2.1M tons) and India (1M tons), with a combined 40% share of global consumption. Turkey, Japan, Russia, Brazil, Indonesia, Mexico, Italy, Germany, Iran and Canada lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +6.6%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($4.2B), Turkey ($2.6B) and China ($749M) were the countries with the highest levels of market value in 2022, together accounting for 51% of the global market. India, Canada, Brazil, Indonesia, Russia, Italy, Germany, Mexico, Japan and Iran lagged somewhat behind, together accounting for a further 25%.

Japan, with a CAGR of +6.7%, saw the highest rates of growth with regard to market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of prepared additives for cements per capita consumption in 2022 were Turkey (10 kg per person), the United States (6.1 kg per person) and Canada (5.4 kg per person).

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +6.9%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Prepared Additives For Cements, Mortars Or Concretes

After two years of growth, production of prepared additives for cements, mortars or concretes decreased by -0.5% to 14M tons in 2022. The total output volume increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 26% against the previous year. Over the period under review, global production hit record highs at 15M tons in 2018; however, from 2019 to 2022, production remained at a lower figure.

In value terms, prepared additives for cements production fell slightly to $14.5B in 2022 estimated in export price. Overall, the total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +7.7% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 26%. Global production peaked at $20B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were China (4M tons), the United States (2M tons) and India (1.1M tons), together comprising 49% of global production.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +5.7%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Prepared Additives For Cements, Mortars Or Concretes

In 2022, overseas purchases of prepared additives for cements, mortars or concretes increased by 13% to 2.1M tons, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 15%. Over the period under review, global imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, prepared additives for cements imports soared to $2.2B in 2022. The total import value increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports By Country

The purchases of the twelve major importers of prepared additives for cements, mortars or concretes, namely the United States, Hong Kong SAR, Belgium, the United Arab Emirates, Kuwait, Denmark, Poland, Germany, Singapore, Indonesia, the Philippines and France, represented more than third of total import. Austria (44K tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the United States (with a CAGR of +18.5%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($107M), the United Arab Emirates ($97M) and Belgium ($68M) constituted the countries with the highest levels of imports in 2022, with a combined 12% share of global imports.

Among the main importing countries, the United States, with a CAGR of +12.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average prepared additives for cements import price stood at $1,062 per ton in 2022, with an increase of 5.6% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 12% against the previous year. Over the period under review, average import prices reached the peak figure at $1,117 per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($1,636 per ton), while Hong Kong SAR ($376 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.7%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Prepared Additives For Cements, Mortars Or Concretes

In 2022, overseas shipments of prepared additives for cements, mortars or concretes increased by 0.6% to 3.1M tons, rising for the second consecutive year after three years of decline. In general, total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +20.4% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 30%. Over the period under review, the global exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, prepared additives for cements exports skyrocketed to $2B in 2022. The total export value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 23%. Over the period under review, the global exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports By Country

China prevails in exports structure, reaching 1.7M tons, which was near 54% of total exports in 2022. It was distantly followed by Germany (157K tons), comprising a 5% share of total exports. Italy (96K tons), Turkey (96K tons), the United Arab Emirates (85K tons), South Korea (83K tons), Russia (68K tons), the United States (60K tons), India (57K tons) and Spain (56K tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +13.1% from 2012 to 2022. At the same time, India (+16.7%), Turkey (+8.4%), Spain (+5.2%), the United Arab Emirates (+4.5%), Russia (+2.7%) and South Korea (+2.6%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +16.7% from 2012-2022. Germany experienced a relatively flat trend pattern. By contrast, Italy (-2.8%) and the United States (-3.2%) illustrated a downward trend over the same period. China (+27 p.p.) significantly strengthened its position in terms of the global exports, while the United States, Germany and Italy saw its share reduced by -2.6%, -3.3% and -3.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest prepared additives for cements supplying countries worldwide were China ($317M), Germany ($234M) and the United States ($143M), together accounting for 35% of global exports. Italy, South Korea, the United Arab Emirates, Russia, Turkey, Spain and India lagged somewhat behind, together accounting for a further 28%.

In terms of the main exporting countries, India, with a CAGR of +16.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average prepared additives for cements export price stood at $629 per ton in 2022, picking up by 15% against the previous year. Over the period under review, the export price, however, saw a noticeable setback. Over the period under review, the average export prices hit record highs at $806 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($2,395 per ton), while China ($188 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+3.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform