Global Prepared Additives for Cements Market to Grow at CAGR of +1.6% Through 2030

IndexBox has just published a new report: World - Prepared Additives For Cements, Mortars Or Concretes - Market Analysis, Forecast, Size, Trends And Insights.

Driven by increasing demand for prepared additives for cements, mortars, and concretes, the market is forecasted to grow at a CAGR of +1.6% in volume and +3.1% in value from 2024 to 2030. Despite a projected deceleration in market performance, the overall trend remains upward, indicating a positive outlook for the industry.

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 six years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.6% for the period from 2024 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 +3.1% for the period from 2024 to 2030, which is projected to bring the market value to $18.3B (in nominal wholesale prices) by the end of 2030.

Consumption

World Consumption of Prepared Additives For Cements, Mortars Or Concretes

In 2024, the amount of prepared additives for cements, mortars or concretes consumed worldwide expanded to 15M tons, growing by 4.1% on 2023. The total consumption volume increased at an average annual rate of +3.8% over the period from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked at 15M tons in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

The global prepared additives for cements market size expanded significantly to $15.2B in 2024, with an increase of 7% against 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). Overall, the total consumption indicated a pronounced expansion from 2013 to 2024: its value increased at an average annual rate of +4.4% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +64.2% against 2014 indices. Over the period under review, the global market reached the maximum level in 2024 and is likely to see steady growth in years to come.

Consumption By Country

The countries with the highest volumes of consumption in 2024 were China (2.9M tons), the United States (2.1M tons) and India (1.1M tons), with a combined 41% share of global consumption. Turkey, the Philippines, Russia, Brazil, Japan, Mexico and Germany lagged somewhat behind, together accounting for a further 24%.

From 2013 to 2024, the biggest increases were recorded for the Philippines (with a CAGR of +42.4%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($5.3B) led the market, alone. The second position in the ranking was held by India ($765M). It was followed by Turkey.

From 2013 to 2024, the average annual rate of growth in terms of value in the United States totaled +6.6%. The remaining consuming countries recorded the following average annual rates of market growth: India (+4.4% per year) and Turkey (+2.6% per year).

The countries with the highest levels of prepared additives for cements per capita consumption in 2024 were Turkey (12 kg per person), the United States (6.3 kg per person) and the Philippines (4.6 kg per person).

From 2013 to 2024, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by the Philippines (with a CAGR of +40.4%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Prepared Additives For Cements, Mortars Or Concretes

In 2024, global prepared additives for cements production rose modestly to 16M tons, with an increase of 1.7% compared with the previous year. Over the period under review, the total production indicated a notable expansion from 2013 to 2024: its volume increased at an average annual rate of +3.9% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, production decreased by -2.2% against 2022 indices. The growth pace was the most rapid in 2017 with an increase of 22%. Over the period under review, global production reached the peak volume at 16M tons in 2022; however, from 2023 to 2024, production stood at a somewhat lower figure.

In value terms, prepared additives for cements production amounted to $15.2B in 2024 estimated in export price. In general, the total production indicated a pronounced expansion from 2013 to 2024: its value increased at an average annual rate of +4.3% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, production increased by +62.0% against 2014 indices. The pace of growth was the most pronounced in 2020 with an increase of 17%. Over the period under review, global production hit record highs in 2024 and is likely to continue growth in years to come.

Production By Country

China (4.9M tons) remains the largest prepared additives for cements producing country worldwide, comprising approx. 31% of total volume. Moreover, prepared additives for cements production in China exceeded the figures recorded by the second-largest producer, the United States (2.1M tons), twofold. The third position in this ranking was held by India (1.2M tons), with a 7.4% share.

In China, prepared additives for cements production increased at an average annual rate of +6.8% over the period from 2013-2024. The remaining producing countries recorded the following average annual rates of production growth: the United States (+4.0% per year) and India (+4.5% per year).

Imports

World Imports of Prepared Additives For Cements, Mortars Or Concretes

In 2024, supplies from abroad of prepared additives for cements, mortars or concretes increased by 21% to 2.5M tons, rising for the fourth year in a row after three years of decline. The total import volume increased at an average annual rate of +3.2% over the period from 2013 to 2024; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, prepared additives for cements imports expanded remarkably to $2.2B in 2024. The total import value increased at an average annual rate of +1.7% from 2013 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 24% against the previous year. Over the period under review, global imports hit record highs in 2024 and are likely to see steady growth in the immediate term.

Imports By Country

The Philippines was the key importing country with an import of around 526K tons, which reached 21% of total imports. It was distantly followed by Denmark (154K tons), generating a 6.3% share of total imports. The following importers - Hong Kong SAR (73K tons), Iraq (61K tons), Indonesia (59K tons), Singapore (51K tons), Saudi Arabia (50K tons), Kuwait (48K tons), Malaysia (47K tons) and India (43K tons) - together made up 18% of total imports.

The Philippines was also the fastest-growing in terms of the prepared additives for cements, mortars or concretes imports, with a CAGR of +42.4% from 2013 to 2024. At the same time, Denmark (+15.5%), Hong Kong SAR (+11.1%), Malaysia (+6.9%), Indonesia (+4.2%), Iraq (+3.5%), Kuwait (+2.4%) and Saudi Arabia (+1.0%) displayed positive paces of growth. India experienced a relatively flat trend pattern. By contrast, Singapore (-5.3%) illustrated a downward trend over the same period. While the share of the Philippines (+21 p.p.), Denmark (+4.5 p.p.) and Hong Kong SAR (+1.7 p.p.) increased significantly in terms of the global imports from 2013-2024, the share of Singapore (-3.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest prepared additives for cements importing markets worldwide were the Philippines ($162M), Kuwait ($82M) and Saudi Arabia ($59M), with a combined 14% share of global imports.

The Philippines, with a CAGR of +28.3%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2024, the average prepared additives for cements import price amounted to $890 per ton, shrinking by -12.3% against the previous year. Overall, the import price showed a slight curtailment. The pace of growth was the most pronounced in 2018 when the average import price increased by 13% against the previous year. Over the period under review, average import prices hit record highs at $1,067 per ton in 2022; however, from 2023 to 2024, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($1,717 per ton), while Denmark ($289 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Kuwait (+7.8%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Prepared Additives For Cements, Mortars Or Concretes

In 2024, overseas shipments of prepared additives for cements, mortars or concretes increased by 3.4% to 3.3M tons, rising for the fourth consecutive year after three years of decline. Overall, total exports indicated a tangible increase from 2013 to 2024: its volume increased at an average annual rate of +4.0% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, exports increased by +30.9% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 29%. Over the period under review, the global exports hit record highs in 2024 and are likely to see steady growth in the near future.

In value terms, prepared additives for cements exports declined to $1.8B in 2024. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 22%. Over the period under review, the global exports attained the maximum at $1.9B in 2022; however, from 2023 to 2024, the exports failed to regain momentum.

Exports By Country

China prevails in exports structure, finishing at 2.1M tons, which was near 62% of total exports in 2024. The following exporters - Germany (100K tons), Turkey (100K tons), South Korea (93K tons), Saudi Arabia (87K tons), Italy (70K tons), India (68K tons), Spain (59K tons), Russia (54K tons) and Malaysia (52K tons) - together made up 20% of total exports.

Exports from China increased at an average annual rate of +10.2% from 2013 to 2024. At the same time, Saudi Arabia (+11.5%), India (+10.3%), Turkey (+7.7%), Spain (+3.9%) and South Korea (+2.7%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in the world, with a CAGR of +11.5% from 2013-2024. By contrast, Russia (-2.1%), Malaysia (-2.9%), Germany (-3.9%) and Italy (-4.8%) illustrated a downward trend over the same period. While the share of China (+29 p.p.) increased significantly in terms of the global exports from 2013-2024, the share of Russia (-1.5 p.p.), Malaysia (-1.7 p.p.), Italy (-3.5 p.p.) and Germany (-4.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($331M), Germany ($191M) and Italy ($110M) were the countries with the highest levels of exports in 2024, together comprising 35% of global exports. South Korea, Saudi Arabia, Turkey, Spain, Russia, India and Malaysia lagged somewhat behind, together comprising a further 23%.

Among the main exporting countries, Saudi Arabia, with a CAGR of +14.2%, recorded 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

In 2024, the average prepared additives for cements export price amounted to $548 per ton, which is down by -7.9% against the previous year. Overall, the export price recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2018 when the average export price increased by 15% against the previous year. The global export price peaked at $826 per ton in 2014; however, from 2015 to 2024, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($1,905 per ton), while China ($161 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Malaysia (+5.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform