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Feb 3, 2020 11:00 AM ET

Concrete Superplasticizers Market – Improving the Quality and Economics of Construction and Growing Mega Projects Globally to Drive the Market

iCrowd Newswire - Feb 3, 2020

According to the new market research report Concrete Superplasticizers Market by Type (PC, SNF, SMF, MLF), Application (Ready-Mix Concrete, Precast Concrete, High Performance Concrete), and Region (North America, APAC, Europe, South America, the Middle East & Africa) – Global Forecast to 2024″, The concrete superplasticizers market is projected to grow from USD 5.1 billion in 2019 to USD 7.3 billion by 2024, at a CAGR of 7.4%, during the forecast period. The growth of the concrete superplasticizers market can be attributed to its high demand across the concrete industry, globally.

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The global concrete superplasticizers market size is estimated to be USD 5.1 billion in 2019 and projected to reach USD 7.3 billion by 2024, at a CAGR of 7.4%, between 2019 and 2024. The increasing demand for concrete superplasticizers can be attributed to the increased consumption of concrete, globally.

Concrete superplasticizers can reduce water-to-cement ratio to the desired level to make concrete flowable and for slump retention. No potential substitute is available in the market that can match the performance of concrete superplasticizers, which is favorable for the growth of the superplasticizers market.

There are various types of concrete superplasticizers available in the global market, namely, PC, SNF, SMF, MLS, and others. PC superplasticizers are more efficient compared to SNF and SMF, creating high demand for them. They are the is most consumed superplasticizers globally in various applications, such as ready-mix concrete, precast concrete, high performance concrete, shotcrete, flyash, and self compacting concrete.

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The global concrete superplasticizers market size is estimated to be USD 5.1 billion in 2019 and is projected to reach USD 7.3 billion by 2024, at a CAGR of 7.4%, between 2019 and 2024. Concrete superplasticizers are used in ready-mix concrete, high performance concrete, precast concrete, self-leveling concrete, fly ash, shotcrete concrete, and many other concrete types. The growing consumption of ready-mix concrete is the major demand booster for the concrete superplasticizers market. This growing consumption of ready-mix concrete is owing to labor shortage and space constraints at construction sites.

The key players in the concrete superplasticizer market are Arkema (France), Sika (Switzerland), BASF (Germany), GCP Applied Technologies (US), Mapei (Italy), Kao Corporation (Japan), Enaspol (Czech Republic), Concrete Additives and Chemicals (India), Rhein-Chemotechnik (Germany), and Rain Carbon (US) among other small domestic manufacturers. New product launch is the the key growth strategy adopted by key concrete superplasticizer manufacturers. Apart from new product launch, expansion is also a key strategy adopted by manufacturers between 2015 and 2019.

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Arkema (France) is a global manufacturer of advanced materials and specialty chemicals. Its major focus is on growth through innovation. In 2018, the company spent 2.7% of its revenue on R&D, which resulted in 244 patent applications in a year. It has total 136 production plants and 15 research centres, globally. Arkema has leading position in 90% of its product offerings, globally. Its strategy is based on targeted acquisitions, innovation, and increased presence in the emerging markets.

BASF (Germany) is the world’s leading chemical manufacturing company. The company has more than 360 production sites globally and business operations across 90 countries from North America, South America, APAC, Europe, and the Middle East & Africa. Its efficient network of production plants and sales & distribution network has helped the company to maintain its leading position in concrete superplasticizers market. It has spent USD 2.39 billion on R&D out of which 20.0% was allocated for R&D in the functional materials & solutions business segment.  This has led to the launch of a number of new formulations of concrete superplasticizers.

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Keywords:    Concrete Superplasticizer Market, Concrete Admixtures Market, SNF Market, SMF Market, MLS Market, PC Market

Tags:    Extended Distribution, Wire, Research Newswire, English