[169+ Pages Report] The latest study presented by facts and factors presents a detailed market report titled “concrete superplasticizers market” which encompasses a global outlook for concrete superplasticizers. The study details that the global Concrete Superplasticizers Market was valued at USD 5.9 Billion in 2020 and is further expected to project revenue worth USD 9.8 Billion in the year 2026. The CAGR growth rate for the concrete superplasticizers market will be approximately 7.9% over the forecast period.
Concrete superplasticizers are a blend of high range water reducers and chemical components that are used in tandem to increase the composition and quality of the cement while constantly trying to maintain an optimal ratio of water-cement ratio. Superplasticizers often possess high water absorbability capabilities. These mechanical devices help in reducing water wastage while producing a rich blend of applicable cement by 15-20%. A blend of flowing concrete is the by-product of these devices which is the initial framework for initiating of any infrastructure project.
The growing trend of infrastructure projects undertaken by government and private sector in the commercial and residential sector is expected to be the driving factors for the global concrete superplasticizers market during the forecast timeframe. Continuous product development has led to better quality and efficient concrete superplasticizers that require less power and downtime which leads to higher sales in terms of volume. Maintenance of older infrastructure and rise of consumer spending coupled with increased demands of premium living quarters from consumers is expected to propel the growth of the concrete superplasticizers market. Rising demands for concrete instead of consumption of natural resources like sand, water, and gavel will further leave the concrete superplasticizers market in a ballooned state.
Rapid urbanization with a growth in the population will boost the sale of concrete plasticizers to a higher extent. Additional factors include the rise in tensile strength of the component after-treatment of the concrete with the concrete superplasticizer will further increase the demand during the forecast period. Increased investment by FDIs and the private sector in the infrastructure sector for the construction of new structures such as dams, bridges, and road, among others, will further open new revenue opportunities for the concrete superplasticizers market to flourish.
The global concrete superplasticizers market can be segmented on the basis of type, form, application, end-users, and regions.
On the basis of type, the global concrete superplasticizers market can be divided into polycarboxylic ether (PCE), sulphonated melamine formaldehyde (SMF), sulphonated naphthalene formaldehyde (SNF), lignosulphonates (LS), & other. The PCE superplasticizers are expected to occupy the largest market share during the forecast by a margin of over 40% if recent trends are to be followed. Factors pertaining to significant water reduction capabilities and dispersibility of the mixture will drive the segment to the dominant position. These superplasticizers are usually utilized in applications where high-performance concrete, high-strength and a higher volume of ash/slag concrete is required. On the basis of form, the global concrete superplasticizers market can be broken down into liquid and powder. The liquid segment is expected to witness the largest market share during the forecast due to easy functionality, rising adoption in the industry, and easy dispersing capabilities. On the basis of application, the global concrete plasticizers market can be disintegrated into ready-mix concrete, precast concrete, high performance concrete, self-compacting, and others. The segment of ready mix is expected to occupy the largest market share during the forecast due to the high convenience of functionality coupled with shortage of labor, limited working space, and low operational cost. On the basis of end-users, the global concrete superplasticizers market can be segmented into residential, commercial, infrastructure, and other.
Asia-Pacific is expected to witness the largest market share during the forecast owing to a higher demand of concrete during the forecast. Other factors for the rise in global concrete superplasticizers across the market can be credited to growing urbanization across emerging economies such as China, Japan, South Korea, Vietnam, Philippines, Thailand, and India. Furthermore, the region of Asia-Pacific is the largest producer and consumer of concrete based application with over 50% of the global consumption being reported in the region.
The key participants in the global concrete superplasticizers market are Arkema, Sika, BASF, GCP Applied Technologies, Mapei, Kao Corporation, Enaspol, Concrete Additives and Chemical, Rhein-Chemotechnik, Rain Carbon, The Euclid Chemical Company, Shandong Wanshan Chemical Co. Ltd., Fosroc, Inc., and ZheJiang LangYa Concrete Admixture, Inc., among others.
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