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The concrete superplasticizer market is estimated to increase by USD 2.56 billion, at a CAGR of 7.32% between 2023 and 2028. The market's expansion is driven by several key factors. There is a significant upsurge in residential and commercial construction endeavors worldwide, boosting the demand for construction materials like concrete admixtures. Simultaneously, increased investments in infrastructure projects further stimulate market growth. However, challenges persist, including fluctuating raw material costs that impact pricing and profitability. Environmental concerns related to the use of plasticizers in concrete admixtures necessitate sustainable alternatives. Moreover, the rising adoption of smart concrete technologies poses both opportunities and challenges in terms of innovation and market acceptance. Overall, these dynamics underscore a dynamic and evolving market landscape where balancing growth opportunities with sustainability and technological advancements is critical for long-term success.
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The market share growth by the ready-mix concrete segment will be significant during the forecast period. Ready-mix cement is preferred over conventional concrete due to its simplicity, convenience, and improved quality. Furthermore, reduced waste, low average inventory costs, and more efficient consumption will result in significantly lower expenditure on construction projects, which is likely to boost ready-mix cement demand during the forecast period. Income growth in developed and developing economies has accelerated the construction of building and housing structures, which will lead to the high consumption of concrete during the forecast period.
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The ready-mix concrete segment was valued at USD 2.12 billion in 2018. The ready-mix cement segment is anticipated to grow at a significant growth rate owing to rising urbanization and growing residential and commercial construction activities. Concrete that has already been mixed and is ready to use can be delivered anywhere a motor vehicle can go and delivered right to the work area or handling apparatus at the workplace. The announcement of Saudi Vision 2030 to aid the progress of the country to become one of the top economies in the world has also led to an increase in construction activities and infrastructural planning. Moreover, increased government investments in infrastructure and the growth of residential and commercial sectors are propelling the growth of the ready-mix concrete segment during the forecast period.
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APAC is estimated to contribute 48% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Growing construction activities in countries such as India, China, and Japan contribute to the growth of the market in APAC. The market is expected to grow steadily in APAC during the forecast period, generating demand for new infrastructures to provide residential and commercial spaces for the growing urban population. On the other hand, emerging economies are experiencing huge growth in both commercial and residential construction.
For Instance, in 2020, the Indian government allocated a sum of USD8.58 billion for the implementation of the Odisha Economic Corridor Project. The cities were selected to have six clusters in the industrial areas of Gopalpur, Bhubaneswar, Kalinganagar, and eight clusters in the Paradip, Kendrapada, Dhamra, and Subarnarekha. The construction work began in Q4 2021 and is expected to be completed in Q4 2026. The project aims to be the ultimate destination in connecting the interiors of Sarawak and Sabah, replacing existing timber roads and connecting 14 towns in Sarawak and Sabah. Such developments are expected to drive the growth of the regional market during the forecast period.
The Market is experiencing robust growth, driven by the building sector's demand for high-performance concrete (HPC) and concrete admixtures. Superplasticizers such as poly-carboxylates (PCE) derivatives and phosphonate-based additives enhance concrete's mechanical strength and load-bearing capacity, crucial for high-rise building construction and precast concrete applications. These additives, including carboxyl grafted copolymer and modified lignosulfonates, improve concrete workability and reduce water content, leading to increased durability and performance. Despite challenges such as raw material price volatility and environmental concerns over plasticizers, the market continues to thrive due to investments in infrastructure and residential construction projects. As the demand for functional materials and solutions rises, the market remains a vital component of the construction industry's growth trajectory.
The Market is experiencing robust growth, driven by the escalating demand for concrete admixtures globally. These additives, such as poly-carboxylates (PCE) superplasticizers and Phosphonate-based superplasticizers, play a vital role in enhancing specific properties of hardened concrete. They ensure better quality during mixing, transporting, placing, and curing, thereby improving performance in high-rise building construction, housing construction, and infrastructure development. With increasing construction activities in emerging economies, manufacturers are launching innovative products to cater to this demand.
For example, CHRYSO introduced Overmix, a range of admixture solutions tailored for low-carbon and precast concrete applications. This surge in demand for efficient concrete admixtures is driving product innovation and market growth, promising a bright outlook for the market in the forecast period.
Emerging new application areas is the primary trend in the global market growth. The market in APAC has witnessed an increase in demand owing to the use for new and advanced applications. For instance, in the construction market, these adhesives are being used for bonding the floor structure to supporting beams, sticking interior wallboards to studs, and providing flawless wall surfaces, in addition to their traditional applications.
Additionally, the use of structural sealants to hold curtain wall panels in place without any mechanical fastening is another new application. Such a development is expected to drive the growth of the market focus during the forecast period.
The harmful effects of plasticizers on the environment are a major challenge to the growth of the global market. Globally, superplasticizers are among the most extensively investigated of all chemical substances. The material has witnessed increasing litigation in Europe. The innocuous application of plasticizers is evaluated by the Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH). REACH is the most wide-ranging product safety regulation globally. The growing regulation toward the application of superplasticizers has led to the inclination of various manufacturers to produce non-phthalate plasticizers.
Moreover, the rising regulation pertaining to Europe and North America has resulted in restricted applications of superplasticizers. The intensifying alertness concerning the enforcement of strict government norms and the harmful effects of plastics on the environment are leading to the limited use of plasticizers. The high cost, accompanied by the manufacture of plasticizers, is likely to act as a restraining factor against the growth of this market in focus during the forecast period.
Key Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Arkema Group - The company offers concrete superplasticizer namely ETHACRYL SR.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market players, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
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The market is pivotal in enhancing the performance of cementitious materials used in the building sector, including housing construction, malls, and refurbishment projects. Superplasticizers like poly-carboxylates (PCE) and Sulfonated Melamine Formaldehydes improve concrete's workability, ensuring durable and flowable mixes with early and final strength gains. They reduce water content while maintaining satisfactory slump, crucial for aesthetic appearance and building finishing. Challenges such as the environmental impact of concrete and fluctuating raw material costs drive the demand for sustainable solutions like renewable vegetable substances in superplasticizers. Companies like Saint-Gobain innovate surface technologies and waterproofing systems, catering to diverse applications in roofing, flooring, and sealing. As the market evolves, quality consistency and performance products remain key considerations, influencing the adoption of advanced superplasticizers across global construction projects.
In addition, the market plays a critical role in enhancing the properties of concrete used across diverse applications such as housing construction, infrastructure projects, and the motor vehicle industry. Superplasticizers like poly-carboxylates (PCE) and Sulfonated Naphthalene Formaldehydes enable the production of durable and flowable concrete with early strength growth and reduced surface defects. They are available in liquid and powder forms, offering low dosage solutions that ensure satisfactory slump retention and slump protection during transit mixing. These additives are crucial in cement factory and Ready-Mix Concrete (RMC) plants, optimizing workability and watertightness while supporting sealing, bonding, and mortar applications. Despite challenges such as fluctuating raw material costs and the Evergrande debt crisis, innovation by specialty chemicals companies continues to drive advancements in superplasticizers, meeting the evolving needs of the construction industry.
Market Scope |
|
Report Coverage |
Details |
Page number |
179 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.09% |
Market growth 2024-2028 |
USD 2.56 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
7.32 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 48% |
Key countries |
China, Germany, US, Japan, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Arkema SA, BASF SE, Chembond Chemicals Ltd., Compagnie de Saint Gobain, Enaspol A.S., Forming America Ltd., Fosroc International Ltd., Fritz Pak Corp., Ha Be Betonchemie GmbH, Henan Kingsun Chemical Co. Ltd., Holcim Ltd., Kao Corp., Mapei SpA, Rhein Chemotechnik GmbH, Riteks Inc., Sakshi Chem Sciences, Sika AG, Taian Tianrun Gome New Materials Co. Ltd., The Euclid Chemical Co., and Xiamen All Carbon Corp. |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the market forecastperiod |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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