Super Plasticizer Market is expected to showcase 7.5% CAGR from 2018-2024
Posted On October 15, 2018
As per the study conducted by Value Market Research (VMR), the Global Super plasticizer Market was valued USD 3650.0 Million (by revenue) in 2017 and is anticipated to reach USD 6055.5 Million by 2024 with a CAGR of 7.5%. Ongoing rapid urbanization along with the rising demand for efficient and highly durable products in terms of construction are the major factors leading to the growth of this market. The report combines information from primary and secondary sources anticipating the market growth forecast, market size and sales and demand trends from 2018 to 2024.
Super plasticizer is a substance used as dispersants to improve flow properties of suspensions and also prevent particle segregation in concrete. After addition of super plasticizer to concrete or mortar it facilitates lessening of the water to cement ratio, without affecting the workability of the mixture, and offer the production of self-consolidating concrete and high-performance concrete.
The report "Global Super Plasticizer Market Report By Type ( Lignosulphonates, Sulphonated Melamine Formaldehyde, Sulphonated Naphthalene Formaldehyde, Polycarboxylic Ether, and Others), Form(Powder And Liquid), Application(Ready-Mix, Precast, Self-Compacting, High Performance And Others), And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2017-2024" was recently updated with latest statistical data which can be used to study the market evolution and explore new opportunities.
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The report identifies the rising need for improved infrastructure across the globe along with huge investment for economic development and rising residential and commercial building project to favor the market growth under the study period. Also, various high-scale infrastructural projects such as damn, bridge, and roads lined up in developing countries will defiantly going to boost the market growth. The growing demand for cement concrete,possessing high performance and fluidity properties has pushed the growth of this market. The developing infrastructure along with the technological innovation in terms of durable constructions is expected to have a positive impact on the market. Also, the rising demand for high strength concrete and high-performance product for faster construction is likely to fuel the market growth. Moreover, new product development and advancement in-transit admixing technologies such as automated slump management system is also likely to motivate the growth of the market over the forecast period.
In the report the global super plasticizer market is segregated on the basis of type into Lignosulphonates, Sulphonated Melamine Formaldehyde, Sulphonated Naphthalene Formaldehyde, Polycarboxylic Ether, and Others. SNF and SMF are two most common types of super plasticizer used globally. By form, the market is segmented into powder and liquid form. Among powder and liquid form, the liquid form is mostly used since it contains 40% of the active material which is essential for the particle suspension and gets easily mixed with the concrete. And on the basis of application, the market is bifurcated into ready-mix, precast, self-compacting, high performance and others. The ready-mix concrete has commonly used a type of concrete in most of the constructions since it can be easily prepared at the place of operations.
Geographically, Asia-Pacific is expected to witness highest growth rate in the years to come owing to ongoing rapid urbanization across the emerging economies such as China and India. The growing population is resulting into increase in residential construction, also the rising investment on infrastructural development and superfluid concrete technologies has positively impacted the real-estate sector. North America and Europe are also expected to perceive moderate growth rate owing to the increase in residential projects in the region.
Report Segments the Super Plasticizer Market -
- Lignosulphonates (LS)
- Sulphonated Melamine Formaldehyde (SMF)
- Sulphonated Naphthalene Formaldehyde (SNF)
- Polycarboxylic Ether (PCE)
- Others (Modified Lignosulfonates)
- By Form
- High Performance
- Others (Shotcrete)
- North America
- Latin America
- Middle East & Africa
Major Players profiled in the report are:
Kao Corporation, Mapei SpA, BASF SE, Sika AG, Nippon Shokubai, and among others.
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