Cement grinding aids are chemical additives that are used to improve the efficiency of cement grinding process. They reduce the surface energy of particles and improve the dispersing nature of finer fraction resulting in improved efficiency during cement grinding. Cement grinding aids improve the efficiency of grinding process by increasing powder fineness. They also improve the efficiency of cement grinding by reducing the surface energy of particles and enhancing the dispersive nature of fines that result in improved grinding, better fluidity and improved strength development of cement.
The global cement grinding aids market is estimated to be valued at US$ 3336.4 Mn in 2024 and is expected to exhibit a CAGR of 8.1% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Key Trends:
One of the key trends in the cement grinding aids market is the growing demand from infrastructure and construction sectors. There has been significant increase in infrastructure development activities such as construction of roads, highways, commercial buildings, airports and other infrastructure projects globally. This is driving the demand for cement and subsequently cement grinding aids. Additionally, growing urbanization is resulting in increasing construction of residential and commercial buildings which in turn is propelling the cement grinding aids market growth. The developed regions of North America and Europe are expected to witness steady growth whereas developing regions of Asia Pacific and Latin America will account for major share in the global cement grinding aids market during the forecast period.
Porter’s Analysis
Threat of new entrants: Entry barriers in the cement grinding aids market are moderate to high due to high capital investments required to set up manufacturing plants.
Bargaining power of buyers: The bargaining power of buyers is moderate due to the presence of many established players. However, buyers can negotiate on price based on order quantity.
Bargaining power of suppliers: The bargaining power of suppliers is low due to the availability of substitute raw materials. Suppliers face pressure on prices from buyers.
Threat of new substitutes: The threat of substitutes is moderate as grinding aids have certain performance advantages over conventional grinding techniques. However, substitutes can be developed.
Competitive rivalry: The competitive rivalry is high considering many global and regional players offering a variety of grinding aids. Companies try to differentiate through product innovation.
Key Takeaways
The Global Cement Grinding Aids Market Growth is expected to witness high at an estimated CAGR of 8.1% during the forecast period of 2024-2031.
Regional analysis – Asia Pacific region holds the dominant share in the global cement grinding aids market and is expected to maintain its dominance during the forecast period. This is attributed to robust growth in construction activities and rapid industrialization in countries like China and India.
Key players – Key players operating in the cement grinding aids market are Hiwin Corporation, Bosch Rexroth AG, The Timken Company, Schneeberger Group, Rockwell Automation Inc., Ewellix AB, THK Co. Ltd, Thomson Industries Inc., Parker Hannifin Corporation, Nippon Bearing Co. Ltd, HepcoMotion Inc., Lintech Corporation and NSK Ltd. Companies are focusing on the expansion of their production capacities and new product launches catering to emerging demands.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it