Overview of the global concrete superplasticizer market
Technavio’s market research report predicts that the global concrete superplasticizer market will grow at a CAGR of above 6% during forecast period. Growing urban population is one of the primary drivers for market growth. It has been observed that more than 52% of the global population resides in urban areas and is expected grow to almost 54% by 2021. This growth in urban population is expected to bring in more construction projects in the future especially in the developing countries in Asia, Africa, Central and South America. This will lead to the rising requirement for urban residential developments, high-quality public infrastructure, and commercial spaces such as shopping malls, in turn, augmenting the demand for concrete superplasticizers. Furthermore, developed construction markets such as the UK, the US, Germany, and Canada are also concentrating on improving the quality of the prevailing public infrastructure which raises the demand for concrete, in turn, fueling the growth of the market.
In terms of geography, APAC dominated the global concrete superplasticizer market during 2016 and is anticipated to continue the domination over the next four years. The growth of the major application industries including ready-mix concrete, precast concrete, and high-performance concrete drives the growth of the market in the region. Furthermore, the increasing demand for concrete superplasticizers in countries such as China, South Korea, Malaysia, and India for various infrastructure development projects will also augment the growth of the market in the future.
What's your takeaway?
Technavio's industry research report titled, Global Concrete Superplasticizer Market, will help you-
Identify latent opportunities and explorative solutions in the concrete superplasticizer market
Identify your key competition, and what's making them tick?
Help you build a comprehensive marketing plan, all permutations and combinations inclusive
The global concrete superplasticizer market is largely competitive with the presence of numerous global players. The market consists of large regional vendors holding a significant amount of shares. The major vendors are focusing on enhancing their geographic presence through M&A strategies or joint ventures. To compete with the key market players, the other vendors are focusing on developing innovative technologies and ideas.
Key players in the market are:
Other prominent vendors include Clariant, CEMEX, Enaspol, Euclid Chemical, Evonik Industries, Fuclear Technologies, Mapei South Africa (PTY), Rhein-Chemotechnik, RÜTGERS Group, and Shandong Wanshan Chemical.
Segmentation by type and analysis of the concrete superplasticizer market
Sulfonated naphthalene formaldehydes (SNF)
Modified lignosulfonates (MLS)
Polycarboxylic acid (PC)
Sulfonated melamine formaldehydes (SMF)
During 2016, the SNF segment dominated the global concrete superplasticizer market and is expected to continue the dominion over the next four years. The demand for water reducers in high-performance concrete and self-compacting concrete will drive the growth of this market segment.
Segmentation by application and analysis of the concrete superplasticizer market
As per Technavio’s market research report, the ready-mix concrete segment led the global concrete superplasticizer market during 2016 and is anticipated to continue its domination during the forecast period as well. The increase in demand from the construction industry propels the growth of the segment across the globe. Moreover, the increased demand for ready-mix concrete from the construction industries in APAC and MEA will also augment the market’s growth in the coming years.
Key questions answered in the report include
What will the market size and the growth rate be in 2021?
What are the key factors driving the global concrete superplasticizer market?
What are the key market trends impacting the growth of the global concrete superplasticizer market?
What are the challenges to market growth?
Who are the key vendors in the global concrete superplasticizer market?
What are the market opportunities and threats faced by the vendors in the global concrete superplasticizer market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the global concrete superplasticizer market?
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