Cement Additives Sales

Cement Additives Sales Market Outlook

The global cement additives market has been gaining substantial momentum, with a valuation of approximately USD 18.6 billion in 2023, projected to reach USD 30.5 billion by 2035, registering a robust CAGR of around 6.5% during the forecast period. This growth is primarily driven by the rising demand for high-performance concrete in various sectors such as residential, commercial, and industrial construction. Furthermore, the growing initiatives by governments and regulatory bodies to promote sustainable construction practices significantly contribute to market expansion. The increase in urbanization and infrastructure development, especially in developing nations, is expected to push the demand for cement additives. Additionally, the escalating focus on enhancing the durability and longevity of structures is propelling the adoption of advanced cement additives.

Growth Factor of the Market

The cement additives market is witnessing an upward trajectory, bolstered by several growth factors that are reshaping industry dynamics. The surge in construction activities, fueled by rapid urbanization and infrastructure development, particularly in emerging economies, is a major driver of the market. As cities expand and populations grow, the need for more resilient and efficient building materials becomes paramount, prompting construction firms to adopt advanced cement additives. Additionally, the increasing focus on sustainability and eco-friendly construction practices encourages the use of additive technologies that enhance the performance of cement while minimizing environmental impact. Innovations in cement chemistry, resulting in the development of new formulations tailored for specific applications, are also contributing to market growth. Moreover, the rise of prefabrication and modular construction methods is pushing for high-quality materials, further enhancing the use of specialized cement additives.

Key Highlights of the Market

• The global cement additives market is projected to grow from USD 18.6 billion in 2023 to USD 30.5 billion by 2035, with a CAGR of 6.5%.
• Adoption of sustainable and eco-friendly construction practices is driving the demand for advanced cement additives.
• Rapid urbanization in emerging economies is significantly boosting construction activities and the use of cement additives.
• Technological advancements in cement formulations are leading to the introduction of innovative additive products in the market.
• The increase in infrastructure projects globally is enhancing the need for high-performance cement solutions.

By Product Type

Chemical Additives:

Chemical additives represent a significant segment within the cement additives market, playing a crucial role in enhancing the properties of cement. These additives, which include superplasticizers, retarders, and accelerators, are formulated to improve workability, reduce water content, and control setting times. Chemical additives are extensively used in various construction applications, ensuring that concrete can achieve desired performance characteristics such as strength, durability, and resistance to environmental factors. Their capability to modify the properties of cement makes them indispensable in modern construction practices, particularly in projects requiring rapid completion and high-performance standards.

Mineral Additives:

Mineral additives are another vital category in the cement additives market, encompassing materials such as fly ash, silica fume, and slag. These additives are utilized to enhance the physical and chemical properties of cement, leading to improved performance characteristics such as increased strength and durability. Mineral additives contribute to the sustainability of construction materials by recycling industrial by-products, thus reducing the overall carbon footprint associated with cement production. Their ability to enhance resistance to chemical attacks and reduce permeability makes them an appealing choice for various applications, including infrastructure projects and high-performance concrete.

Fiber Additives:

Fiber additives are increasingly gaining traction in the cement additives segment, as they enhance the toughness and crack resistance of concrete. These additives can be made from various materials, including steel, glass, and synthetic fibers, contributing to the overall structural integrity of concrete. By minimizing shrinkage cracks and enhancing impact resistance, fiber additives play a critical role in improving the durability and lifespan of concrete structures. The integration of fibers in concrete mixes is becoming more common in applications such as pavements, overlays, and precast concrete products, making them a vital element in modern construction methodologies.

Polymer Additives:

Polymer additives are utilized to enhance the flexibility, adhesion, and water resistance of cement-based products. These additives modify the rheological properties of cement mixtures, making them easier to work with while improving the final product's performance. Polymer-modified concrete is especially beneficial in applications exposed to harsh environmental conditions, such as water retention structures and exterior facades. The growing demand for high-performance concrete, particularly in demanding construction environments, is driving the adoption of polymer additives, as they provide enhanced durability and longevity.

Water Reducing Additives:

Water-reducing additives are essential in the cement additives market, as they optimize the water-cement ratio in concrete mixtures. By reducing the amount of water required while maintaining workability, these additives contribute to increased compressive strength and reduced permeability of the final product. The adoption of water-reducing additives is prevalent in large-scale construction projects, where efficiency and performance are paramount. Their ability to enhance the overall quality of concrete while supporting sustainable construction practices positions them as a key driver in the cement additives market, particularly in regions prioritizing high-quality infrastructure.

By Application

Residential Construction:

The residential construction segment is a significant consumer of cement additives, as the demand for high-quality and durable materials continues to rise. As more individuals and families invest in homeownership, builders are increasingly turning to cement additives to enhance the performance of concrete used in foundations, walls, and driveways. Cement additives contribute to improved workability, reduced shrinkage, and increased strength, addressing the diverse needs of modern residential projects. Furthermore, the growing trend of sustainable building practices encourages the use of eco-friendly cement formulations, further boosting the demand for these additives in residential applications.

Commercial Construction:

In the commercial construction sector, the need for robust and high-performance materials is paramount. Cement additives play a crucial role in ensuring that concrete meets the stringent requirements associated with commercial structures, such as shopping malls, office buildings, and hotels. The use of additives not only enhances the strength and durability of these structures but also contributes to their aesthetic appeal and functionality. As the commercial construction market expands globally, the demand for innovative cement formulations that include advanced additives will continue to rise, driven by the need for resilience and longevity in high-traffic environments.

Industrial Construction:

The industrial construction segment is characterized by large-scale projects that require materials capable of withstanding heavy loads and extreme conditions. Cement additives are vital in this sector, as they contribute to the creation of concrete that can endure significant stress while maintaining performance characteristics. Industries such as manufacturing, energy, and transportation rely heavily on durable concrete solutions, prompting the adoption of specialized additives that enhance resistance to wear, tear, and chemical exposure. The ongoing growth of industrial construction projects worldwide is expected to drive further demand for cement additives, particularly those tailored for heavy-duty applications.

Infrastructure:

The infrastructure application of cement additives is witnessing substantial growth, driven by the need for sustainable and resilient materials in transportation, utilities, and public works projects. Cement additives enhance the performance of concrete in critical infrastructure applications, such as roads, bridges, and dams, ensuring they can withstand environmental challenges. The increasing investments in infrastructure development, particularly in emerging economies, highlight the importance of cement additives in achieving long-lasting and durable structures. Additionally, government initiatives focused on upgrading aging infrastructure contribute to the growing demand for advanced cement solutions, further propelling the market for cement additives.

Others:

In addition to the primary applications listed, various niche markets also utilize cement additives, including artistic and decorative concrete projects. These applications may require specialized additives that enhance aesthetics, texture, and finish. As the trend for decorative concrete grows in popularity, cement additives that provide unique coloration, surface finishes, and effects are gaining traction. Moreover, the rising interest in innovative construction techniques, such as 3D printing and modular construction, is opening up new opportunities for cement additive applications across diverse markets, further expanding the overall reach of this segment.

By Distribution Channel

Direct Sales:

Direct sales play a significant role in the distribution of cement additives, as manufacturers often engage directly with construction companies and contractors. This distribution model allows for tailored solutions and personalized service, ensuring that clients receive the right additives for their specific projects. Direct sales channels enable manufacturers to maintain close relationships with customers, providing them with technical support and guidance on the effective use of cement additives. This approach is particularly beneficial for large-scale projects where the specifications and performance requirements are critical for success.

Distributor Sales:

Distributor sales constitute a vital distribution channel in the cement additives market, facilitating the supply of products to a wider audience. Distributors often maintain a robust inventory of various types of cement additives, allowing for quick delivery and access to a diverse range of products. This channel is advantageous for small to medium construction firms that may not have direct access to manufacturers. Distributors also provide valuable market insights and technical guidance to their clients, helping them make informed decisions regarding the selection and use of cement additives in their projects.

Online Retail:

The rise of e-commerce has transformed the cement additives market by enabling manufacturers and distributors to reach customers through online retail platforms. This channel provides convenience and flexibility for construction professionals who can research, compare, and order products from anywhere. Online retail also facilitates access to specialized products that may not be available locally, expanding the market reach for manufacturers. As the trend of digitalization continues to shape the construction industry, the online retail channel is expected to grow, offering a more dynamic and responsive supply chain for cement additives.

Retail Stores:

Retail stores serve as a critical distribution channel for cement additives, particularly for small construction projects and DIY enthusiasts. These stores often stock a range of cement additives, catering to local demand and providing customers with easy access to essential products. The presence of knowledgeable staff in retail environments helps guide customers in selecting the appropriate additives for their needs. The retail channel is particularly important in regions with a higher concentration of small construction businesses, as it allows for immediate product availability and support.

Others:

Other distribution channels in the cement additives market include specialized suppliers and trade shows, which play a role in facilitating connections between manufacturers and customers. Suppliers often focus on niche markets, providing tailored solutions for specific applications, while trade shows offer a platform for showcasing new products and innovations in the industry. These channels contribute to the overall ecosystem of cement additives, allowing for greater collaboration and knowledge-sharing among stakeholders. As the industry evolves, these alternative distribution avenues are expected to gain prominence, catering to the diverse needs of customers.

By Ingredient Type

Hydrated Lime:

Hydrated lime is a widely used ingredient in the cement additives market, known for its ability to enhance the performance and workability of cement. This ingredient improves the cohesiveness of concrete mixtures, reducing segregation and enhancing the overall finish of the product. Hydrated lime also contributes to the durability of cement by improving its resistance to chemical attacks and environmental degradation. Its properties make it a popular choice in various applications, including mortar and plaster, where enhanced adhesion and flexibility are required.

Fly Ash:

Fly ash is a critical ingredient in the cement additives segment, derived from the combustion of coal in power plants. This pozzolanic material enhances the strength and durability of concrete while reducing the heat of hydration, making it particularly useful in large-scale structures. The use of fly ash in cement not only improves the overall performance of concrete but also promotes sustainability by recycling industrial by-products. As the demand for green building practices rises, the adoption of fly ash in cement formulations is expected to grow, solidifying its position in the market.

Silica Fume:

Silica fume is recognized for its exceptional performance-enhancing properties in the cement additives market. This ultra-fine pozzolanic material significantly improves the strength and density of concrete, making it ideal for high-performance applications. Silica fume is particularly beneficial in applications that require high resistance to chemical attacks, such as industrial flooring and precast concrete products. Its ability to enhance the durability and longevity of concrete structures positions silica fume as a key ingredient in the production of advanced cement formulations.

Blast Furnace Slag:

Blast furnace slag is an important ingredient in the cement additives market, known for its ability to improve the workability and durability of concrete. This by-product of the steel manufacturing process is rich in silica and alumina, contributing to the overall performance of cement. The incorporation of blast furnace slag in cement formulations enhances resistance to sulfate attacks and reduces permeability, making it suitable for various applications, including infrastructure projects and heavy-duty constructions. As the focus on sustainable construction practices grows, the use of blast furnace slag is gaining popularity as a recycled material in cement production.

Rice Husk Ash:

Rice husk ash is an emerging ingredient in the cement additives market, offering a sustainable alternative to traditional materials. This agricultural by-product is rich in silica, making it a valuable pozzolanic material that enhances the properties of cement. The incorporation of rice husk ash improves the strength, workability, and durability of concrete while contributing to waste reduction in agriculture. As awareness of sustainable building practices increases, the adoption of rice husk ash in cement formulations is expected to grow, highlighting its potential in eco-friendly construction.

By Region

The cement additives market exhibits varying growth dynamics across different regions, driven by regional construction activities and economic trends. In North America, the market is expected to witness substantial growth, with a projected CAGR of approximately 5.9% from 2023 to 2035. The region's robust infrastructure development, coupled with stringent regulations promoting sustainability, is driving the demand for high-performance cement additives. Furthermore, the increasing focus on upgrading aging infrastructure in major cities is expected to contribute significantly to market growth. In Europe, the cement additives market is also poised for growth, supported by a shift towards eco-friendly construction practices and the rising demand for advanced concrete solutions.

Asia Pacific is anticipated to dominate the global cement additives market, driven by rapid urbanization and large-scale infrastructure projects across emerging economies. The region is projected to account for a significant share of the market, with a CAGR of around 7.2% during the forecast period. The growing population in urban areas is creating a surge in demand for residential and commercial construction, further enhancing the need for efficient cement solutions. Additionally, Latin America and the Middle East & Africa are expected to contribute to market growth, with increasing investments in infrastructure development and urbanization efforts driving the adoption of cement additives in these regions.

Opportunities

The cement additives market presents various opportunities for growth, particularly in the realm of sustainable construction practices. As the construction industry increasingly prioritizes eco-friendly materials, there is a rising demand for additives that enhance the performance of cement while minimizing environmental impact. Manufacturers have the opportunity to innovate and develop new formulations that incorporate recycled materials, such as fly ash and slag, into cement products. This not only addresses sustainability concerns but also creates a competitive edge in the market by catering to the growing demand for green building solutions. Furthermore, expanding into emerging markets, where urbanization and infrastructure development are on the rise, offers significant growth potential. Companies that strategically position themselves in these markets can capitalize on the burgeoning demand for high-performance cement additives.

Another promising opportunity lies in the increasing adoption of advanced technologies in the cement additives market. The integration of digital solutions, such as smart construction materials and advanced manufacturing processes, can lead to the creation of more efficient and effective cement additives. Companies that invest in research and development, focusing on innovative additive formulations and application methods, will likely gain a competitive advantage. Additionally, forming strategic partnerships with construction firms, suppliers, and academic institutions can facilitate knowledge-sharing and foster innovation in the industry. By leveraging these opportunities, manufacturers can position themselves for long-term success in the evolving cement additives market.

Threats

Despite the promising outlook for the cement additives market, there are several threats that could hinder its growth. One significant threat is the volatility of raw material prices, which can impact production costs and profitability for manufacturers. As the prices of key ingredients fluctuate due to market demand and supply chain disruptions, companies may face challenges in maintaining competitive pricing while ensuring product quality. Furthermore, stringent regulations related to environmental sustainability and construction standards may impose additional compliance costs on manufacturers. Adapting to these regulations and ensuring adherence can be challenging, particularly for smaller companies with limited resources. The threat of economic downturns and fluctuations in construction activity can also pose risks to the cement additives market, as reduced investments in construction projects may lead to decreased demand for additives.

Additionally, competition within the cement additives market is intensifying, with numerous players vying for market share. The presence of established manufacturers as well as new entrants can lead to price wars and increased pressure on profit margins. Companies must continuously innovate and differentiate their products to stay relevant in this competitive landscape. Moreover, potential disruptions in the supply chain, whether due to geopolitical issues or natural disasters, can affect the availability of key raw materials, posing a threat to production capabilities. Addressing these threats will require proactive strategies, effective risk management, and a focus on building resilient supply chains to navigate the challenges within the cement additives market.

Competitor Outlook

• BASF SE
• Fuchs Petrolub SE
• SIKA AG
• GCP Applied Technologies Inc.
• Dow Chemical Company
• RPM International Inc.
• Mapei S.p.A
• HeidelbergCement AG
• Knauf Gips KG
• Saint-Gobain
• W.R. Grace & Co.
• Schlumberger Limited
• UltraTech Cement Ltd.
• CEMEX S.A.B. de C.V.
• Aditya Birla Group

The competitive landscape of the cement additives market is characterized by a mix of multinational corporations and regional players, all vying to capture market share. Companies are competing on various fronts, including product innovation, pricing strategies, and customer service. The increasing emphasis on sustainability is prompting many manufacturers to develop eco-friendly additives to meet evolving market demands. This shift towards green construction materials is giving rise to partnerships and collaborations among industry players, as they seek to combine expertise and resources to create innovative solutions. In addition, companies are investing in research and development to enhance product performance and expand the range of applications for cement additives. This focus on innovation is expected to intensify competition, driving manufacturers to continuously improve their offerings and meet the specific needs of customers.

Major players such as BASF SE and SIKA AG are leveraging their extensive global networks and technological expertise to maintain their leadership positions in the cement additives market. BASF SE, for instance, is known for its innovative chemical solutions that enhance the performance of construction materials, enabling it to cater to diverse customer requirements effectively. SIKA AG, on the other hand, has established a strong presence in various end-user segments by offering a comprehensive portfolio of high-performance additives. The company's commitment to sustainability and product innovation has allowed it to stay ahead of market trends and meet the growing demand for advanced cement solutions.

Other notable companies in the industry, such as GCP Applied Technologies and Dow Chemical Company, are focusing on specialized additives that cater to specific applications and project requirements. GCP Applied Technologies, for example, has introduced cutting-edge products that enhance the durability and performance of concrete in demanding environments. Similarly, Dow Chemical Company is investing in research to develop unique formulations that improve workability and reduce environmental impact. These strategic initiatives are essential in a competitive market, where differentiation and the ability to address customer needs are critical for sustained growth.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 BASF SE
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 SIKA AG
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Mapei S.p.A
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Saint-Gobain
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Knauf Gips KG
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 W.R. Grace & Co.
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Fuchs Petrolub SE
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Aditya Birla Group
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 HeidelbergCement AG
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 CEMEX S.A.B. de C.V.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Dow Chemical Company
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Schlumberger Limited
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 UltraTech Cement Ltd.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 RPM International Inc.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 GCP Applied Technologies Inc.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Cement Additives Sales Market, By Application
    • 6.1.1 Residential Construction
    • 6.1.2 Commercial Construction
    • 6.1.3 Industrial Construction
    • 6.1.4 Infrastructure
    • 6.1.5 Others
  • 6.2 Cement Additives Sales Market, By Product Type
    • 6.2.1 Chemical Additives
    • 6.2.2 Mineral Additives
    • 6.2.3 Fiber Additives
    • 6.2.4 Polymer Additives
    • 6.2.5 Water Reducing Additives
  • 6.3 Cement Additives Sales Market, By Ingredient Type
    • 6.3.1 Hydrated Lime
    • 6.3.2 Fly Ash
    • 6.3.3 Silica Fume
    • 6.3.4 Blast Furnace Slag
    • 6.3.5 Rice Husk Ash
  • 6.4 Cement Additives Sales Market, By Distribution Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Distributor Sales
    • 6.4.3 Online Retail
    • 6.4.4 Retail Stores
    • 6.4.5 Others

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Cement Additives Sales Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Cement Additives Sales market is categorized based on

By Product Type

• Chemical Additives
• Mineral Additives
• Fiber Additives
• Polymer Additives
• Water Reducing Additives

By Application

• Residential Construction
• Commercial Construction
• Industrial Construction
• Infrastructure
• Others

By Distribution Channel

• Direct Sales
• Distributor Sales
• Online Retail
• Retail Stores
• Others

By Ingredient Type

• Hydrated Lime
• Fly Ash
• Silica Fume
• Blast Furnace Slag
• Rice Husk Ash

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• BASF SE
• Fuchs Petrolub SE
• SIKA AG
• GCP Applied Technologies Inc.
• Dow Chemical Company
• RPM International Inc.
• Mapei S.p.A
• HeidelbergCement AG
• Knauf Gips KG
• Saint-Gobain
• W.R. Grace & Co.
• Schlumberger Limited
• UltraTech Cement Ltd.
• CEMEX S.A.B. de C.V.
• Aditya Birla Group