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The concrete superplasticizer market is estimated to increase by USD 2.03 billion and grow at a CAGR of 7% between 2022 and 2027. The market's expansion hinges on various elements, such as the upsurge in residential and commercial construction endeavors, heightened requests for concrete admixtures, and augmented investments in infrastructure. Challenges faced include the fluctuation of raw material costs, the adverse environmental impacts of plasticizers, and the rising acceptance of smart concrete.
The report also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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This report extensively covers market segmentation by application (ready-mix concrete, precast concrete, high-performance concrete, and others), type (sulfonated naphthalene formaldehyde (SNF), modified lignosulfonates (MLS), polycarboxylic acid (PC), and sulfonated melamine formaldehyde (SMF)), and geography (APAC, Europe, North America, Middle East and Africa, and South America).
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 1.99 billion in 2017 and continue to grow by 2021. 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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Europe is estimated to contribute 47% 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. Another region offering significant growth opportunities to vendors is APAC. 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 copolymers 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 Concrete Superplasticizer Market remains a vital component of the construction industry's growth trajectory. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
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 projects, 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 Concrete Superplasticizer 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. 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.
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. Also, through this segment, the company offers Adhesive Solutions, Advanced Materials , Coating Solutions, and Intermediates.
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 vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The Market is witnessing substantial growth driven by various factors within the building sector, including the demand for durable and flowable concrete, aesthetic appearance, and building finishing. These superplasticizers, such as polycarboxylates (PCE) derivatives and phosphonate-based varieties, enhance concrete's workability, early and final strength, and load-bearing capacity. They contribute to the production of high-performance concrete (HPC) essential for high-rise building construction and housing projects. Despite challenges like volatility in raw material prices and environmental concerns, the market continues to thrive with innovations in functional materials and solutions. Key players like Saint-Gobain are actively contributing to quality consistency and surface technologies, ensuring satisfactory slump, and reducing surface defects. As infrastructure investments rise and refurbishment projects increase, the Market remains vital in the construction industry's development.
Moreover, the market is influenced by various factors such as the demand for improved durability and mechanical strength in concrete structures, the need for early strength growth, and the environmental impact of concrete production. With the rise in housing construction and infrastructure projects, including malls and flooring applications, there's a growing requirement for effective concrete admixtures like carboxyl grafted copolymer and Polycarboxylate (P.C.) Derivatives. These superplasticizers enhance workability, reduce surface defects, and ensure satisfactory slump retention even at low dosages. Challenges like volatility in raw material prices and concerns about environmental impact necessitate innovative solutions such as renewable vegetable substances and phosphonate-based superplasticizers. The market caters to diverse needs, including sealing, bonding, and waterproofing systems, making it vital for the construction industry's performance and sustainability.
Additionally, the market is witnessing a significant growth driven by various factors such as the burgeoning cement factory output, increasing utilization of cementitious materials, and the escalating demand for concrete admixtures. This market also faces challenges like the fluctuation in raw material prices, the harmful effects of plasticizers on the environment, and the growing adoption of smart concrete technologies. Key components like epoxy resins, fly ash, and limestone contribute to the formulation of superplasticizers, enhancing concrete workability and reducing surface defects. With the construction industry, housing market, and motor vehicle industry as primary target markets, specialty chemicals companies play a crucial role in meeting the demands for performance products. Despite challenges, the Concrete Superplasticizer Market continues to grow, driven by innovation and infrastructure investments.
These additives, such as poly-carboxylates (PCE) superplasticizers, revolutionize concrete mixtures by enhancing flowability and reducing water content, all while maintaining performance integrity. With the demand for high-performance concrete soaring, the Concrete Superplasticizers Market witnesses a surge in interest. However, in light of the Evergrande debt crisis, which has sent shockwaves through global markets, the construction industry faces uncertainties. The crisis has led to a reevaluation of investment strategies, impacting housing construction projects worldwide. This ripple effect has implications for suppliers and manufacturers in the concrete admixture market. Nevertheless, amidst these challenges, opportunities arise. The quest for sustainable and cost-effective solutions drives research and development efforts. Primary Research initiatives delve into optimizing formulations and exploring alternative materials to mitigate the impact of market fluctuations.
Beyond structural considerations, the convergence of nutrition and care in construction practices underscores a holistic approach toward sustainability. Admixtures that minimize environmental impact while enhancing performance align with this ethos, driving demand in the market. As the industry adapts to the evolving landscape, collaboration and innovation emerge as catalysts for growth. Partnerships between researchers, manufacturers, and end-users foster a culture of continuous improvement, paving the way for advancements in concrete technology.
Concrete Superplasticizer Market Scope |
|
Report Coverage |
Details |
Page number |
172 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7% |
Market growth 2023-2027 |
USD 2,028.33 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
6.7 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
Europe at 47% |
Key countries |
US, China, Japan, Germany, and France |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Arkema Group, BASF SE, Chembond Chemicals Ltd., Compagnie de Saint Gobain S.A., 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, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our market research 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 Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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