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Superplasticizers Market Size, Share and COVID-19 Impact Analysis, By Type [Sulfonated Naphthalene-Formaldehyde Condensates (SNF), Sulfonated Melamine-Formaldehyde Condensates (SMF), Polycarboxylate Derivatives (PC), and Others], By Application (Precast Concrete, Ready-Mix Concrete, High Performance Concrete and others), and Regional Forecast, 2024-2032
Report Format: PDF | Published Date: Ongoing | Report ID: FBI106862 | Status : UpcomingSuperplasticizers are the materials used to increase strength by decreasing the water content of the suspensions. Superplasticizers increases the flow efficiency of the suspension by decreasing the aggregation of particulates. Different types of polymers act as superplasticizers which mainly include sulfonated naphthalene-formaldehyde condensates (SNF), sulfonated melamine-formaldehyde condensates (SMF), polycarboxylate derivatives (PC), lignosulfonates (LS), and modified lignosulfonates (MLS). These are mainly used in construction industry while few of them also used in other industries. Rapidly growing building and construction industry across the globe is a key driver for the superplasticizers market.
Rapidly growing building and construction industry across the globe is a key driver for the superplasticizers market. Recent past has seen a heavy rise in population leading to increased need of accommodations for it. This has led to increased building and construction operations. Moreover, increased industrialization coupled with urbanization has contributed significantly to the growth of the building and construction industry. Increased building and construction activities for residential as well as commercial use are expected to grow at steady rate in near future.
Emergence of different alternative products in building and construction industry is expected to hinder the growth of superplasticizers market. For instance, recently a new type of concrete called polymer concrete has been emerged. Use of superplasticizers in such concretes is not specifically widespread. Global superplasticizers industry is moderately consolidated. Major players in the market are investing in technological development as well as development of new products in order to maintain their competitive position in the market.
Impact of COVID-19 on the Superplasticizers Market
Outbreak of the COVID-19 caused the restriction on the movement of the people. This has resulted into disruption of supply chains involved in the market. Moreover, building and construction industry was severely affected by the outbreak of COVID-19. There was complete stoppage of the construction operations in different parts of the world. It lead to significant decrease in the superplasticizers, demand. However, with the considerable decrease in COVID 19 cases after mid-2021, building and construction industry gained momentum. It has resulted into increased demand for superplasticizers.
Key Insights
The report will cover the following key insights:
- Regulatory Scenario of Market
- Key developments in Superplasticizers Industry
- Impact of COVID-19 on Superplasticizers Market
Analysis by Type
Depending on the type, superplasticizers market is segmented into naphthalene-formaldehyde condensates (SNF), sulfonated melamine-formaldehyde condensates (SMF), and others. In 2021, polycarboxylate derivatives held the largest share of the global market. Its excellent water reduction ability with good dispersibility makes it product of choice. Polycarboxylate based superplasticizers are widely used in high performance concrete, high-strength concrete, cement grouting, dry mortar and high volume slag/ fly ash concrete.
Analysis by Application
Depending on the application, superplasticizers market is segmented into precast concrete, ready-mix concrete, high performance concrete and others. Ready-mix concrete held the largest share of market in 2021. It has witnessed a high demand owing to its rising applications in residential, industrial and commercial applications. Easy transportation of the ready-mix concrete is also a significant factor contributing to its increased demand.
Regional Analysis
North America and Europe held the significant share of the global superplasticizers market in 2021. Increased demand from building and construction industry as well as other industrial applications are the significant contributors to the growth of market in the region. Rising immigration in the region is anticipated to further drive the building and construction industry in these regions.
Asia Pacific held the largest share of the global superplasticizers market and anticipated to retain its position during the forecast period. The largest demand for superplasticizers can be attributed to the rapidly growing building and construction industry in the region. Rapid industrialization and urbanization propelling the building and construction activities in the region is expected to continue in near future.
Latin America, Middle East & Africa are projected to witness considerable growth due to developing building and construction industry in the region. Increasing population in the region will contribute significantly to the growth of building and construction industry in the region. This will contribute significantly to growth of superplasticizers industry over the forecast period.
Key Players Covered
The report will include the profiles of key players such as BASF SE, Arkema, KAO Corporation, Saint-Gobain, Sika AG, Enaspol, Mapei, Concrete Additives and Chemicals, Rhein-Chemotechnik, Rain Carbon, Sakshi Chem Sciences, Shandong Wanshan Chemical, Fritz-Pak Corporation, Ha-Be Betonchemie and others.
Superplasticizers Market Segmentation
By Type | By Application | By Geography |
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Key Industry Developments
- In July 2022, BASF completed the installation and start-up of a state-of-the-art acrylic dispersions production line in Dahej, India, serving the coatings, construction, adhesives, and paper industries for the South Asian markets.
- In December 2021, Saint Gobain acquired GCP Applied Technologies Inc. The move is expected to enhance the product portfolio as well as geographical footprint of the company.
- Global
- 2023
- 2019-2022