By 2028, the superplasticizer market is worth 11.24612 billion, with a compound annual growth rate of 7.8%-Market Research Future (MRFR) report

2021-11-24 11:57:29 By : Ms. Hilary Li

New York, September 10, 2021 (GLOBE NEWSWIRE) - Superplasticizer market overview: According to a comprehensive research report by Market Research Future (MRFR), "Superplasticizer market research report: Information by type (polycarboxylate) Acid (PC) derivatives, sulfonated naphthalene) formaldehyde (SNF), sulfonated melamine formaldehyde (SMF), modified lignosulfonate (MLS), by application (ready mixed concrete (RMC), precast concrete, high performance Concrete (HPC)), the market size is predicted to be 2028, and the compound annual growth rate is 7.8% by the end of 2028, reaching USD 11.24612 billion.

The well-known players in the superplasticizer market are:

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Water reducer is a chemical additive used to produce high-strength concrete. These additives help to reduce the water-cement ratio while increasing the overall strength of the concrete mixture. Because of their ability to delay the curing process, superplasticizers help improve processability. In addition, these additives help reduce water and cement consumption in the concrete manufacturing process.

Two important driving factors driving the development of the global water-reducing agent market are the increasing use of ready-mixed concrete and precast concrete. Ready-mixed concrete is often used in large-scale construction and infrastructure projects. Plasticizers are added to ready-mixed concrete to improve fluidity and allow the use of concrete pumps to transport the concrete. The strong growth of the construction industry in the Asia-Pacific, Middle East and Africa regions is expected to significantly drive market growth. In addition, investment in the reconstruction and renovation of ancient buildings and infrastructure projects continues to increase, and it is expected that the demand for products in North America and Europe will increase in the next few years.

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However, due to the challenge of incompatibility between cement and water reducer, market expansion may be hindered.

The superplasticizer market is expected to be hindered by the adverse conditions caused by the COVID-19 epidemic.

Polycarboxylate (PC) derivatives, sulfonated naphthalene formaldehyde (SNF), sulfonated melamine formaldehyde (SMF) and modified lignosulfonates constitute the market (MLS). In 2019, the segment of water-reducing agents based on polycarboxylic acid (PC) dominated the market, and this momentum is likely to continue during the forecast period. During the forecast period, the increased use of high-performance and high-strength concrete in the infrastructure industry is expected to drive market expansion.

There are two types of liquid and powder on the market. During the forecast period, the liquid form sector is expected to maintain its dominant position. The two main qualities that may promote product adoption in the next few years are ease of use and the ability to integrate effortlessly into concrete mixtures. Due to its reduced cost and low sensitivity to temperature changes, the powder form part is expected to occupy a major share of the global superplasticizer market.

The market is divided into ready-mixed concrete (RMC), precast concrete, high-performance concrete (HPC), etc. according to the application. RMC stands for ready-mixed concrete. During the forecast period, the ready-mixed concrete part is expected to become the largest application part. During the forecast period, the increase in the use of superplasticizers to improve the fluidity and processability of RMC is expected to become a key factor driving the growth of the market segment.

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The two largest economies in North America, the United States and Canada, are dealing with outdated infrastructure and a severe lack of affordable housing infrastructure. Therefore, the infrastructure department is expected to receive a large amount of funds to update and redevelop the existing infrastructure.

As the growth of the construction industry in important economies such as Germany, the United Kingdom, and France slows, Europe may grow at a moderate rate. In addition, the outbreak of the CoVID-19 pandemic has had a significant impact on the wider European economy and negatively affected the prospects of important economic sectors such as construction.

During the forecast period, the Asia-Pacific region is expected to grow at the fastest rate. The main factor driving regional growth may be large-scale investment in large-scale infrastructure development projects in China, India, Indonesia, the Philippines, and Vietnam.

The economic slowdown in Argentina, Brazil and Chile is expected to have a significant impact on the demand for superplasticizers in Latin America.

During the forecast period, the Middle East and Africa region is expected to grow rapidly. The key factor driving demand for products in the region is the ongoing infrastructure development projects in Qatar, the United Arab Emirates, Egypt and Saudi Arabia.

Market segments covered by the research:

Superplasticizer market research report: information by type (polycarboxylate (PC) derivatives, sulfonated naphthalene formaldehyde (SNF), sulfonated melamine formaldehyde (SMF), modified lignosulfonate (MLS), press Application (ready mixed concrete (RMC), precast concrete, high-performance concrete (HPC)), forecast to 2028

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Market Research Future (MRFR) is a global market research company, proud of its services, providing complete and accurate analysis for different markets and consumers around the world. The outstanding goal of Market Research Future is to provide customers with the best quality research and meticulous research. We conduct market research on global, regional and national market segments by products, services, technologies, applications, end users and market participants, so that our customers can see more, learn more, and do more. Help answer your most important questions.

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