According to a new report published by Allied Market Research, titled, “Superplasticizers Market,” The superplasticizers market was valued at $9.7 billion in 2021, and is estimated to reach $19.1 billion by 2031, growing at a CAGR of 7.2% from 2022 to 2031.
Superplasticizers are typically added to concrete in small amounts, typically between 0.5% and 3% by weight of cement. These are chemical additives that are used in large construction projects where a significant amount of concrete is required, such as high-rise buildings, bridges, and infrastructure projects.
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The global superplasticizers market trend is expected to witness high growth potential in coming years due to its extensive use in ready-mix concrete, precast concrete, self-compacting concrete and others. Growth in preference for precast concrete in the construction industry boost the market growth during the forecast period. However, the high cost of superplasticizer is projected to hinder the expansion of the market. Nevertheless, New product developments and technological advancements is expected to offer ample growth opportunities for the superplasticizers market.
According to Rethinking the Future, the Mumbai coastal road project in India will be a new 8-lane, 29.2-kilometer-long coastal road that will run along Mumbai’s western coast. Several tunnels and bridges, including a 3.6-kilometer-long sea link, are being built as part of the project. The project is scheduled to be finished in 2023. The Indian government has approved a high-speed rail project between Ahmedabad and Mumbai that will span 508 kilometres.
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Superplasticizers have a number of advantages, including higher durability, lower water content, and increased strength. These advantages can result in lower labor costs, shorter building schedules, and better overall concrete quality. Superplasticizers can contribute to the sustainability of construction projects by reducing the amount of cement and water required to produce concrete. It can lower the carbon footprint of the project and reduce the environmental impact of construction activities.
The growth of the global superplasticizers market is majorly attributable to its wide applications in various industries such as ready-mix concrete, precast concrete, and self-compacting concrete. Moreover, growth in preference for precast concrete in the construction industry is expected to drive the market growth during the forecast period. However, high cost of superplasticizer is projected to hinder the expansion of the market. On the contrary, new product developments and technological advancements are expected to offer ample growth opportunities for the superplasticizers market.
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Key findings of the study:
- By form, the liquid segment was the highest revenue contributor to the market in 2021 with the CAGR of 7.3%.
- By type, the polycarboxylate derivatives segment was the highest revenue contributor to the market, in 2021, with a CAGR of 7.5%.
- By application, the ready-mix concrete segment was the highest revenue contributor to the market, in 2021, with a CAGR of 7.5%
- By region, Asia-Pacific and North America are expected to witness considerable CAGRs of 7.4% and 7.2%, respectively, during the forecast period.
The major players operating in the global liquid chlorine market:
- Arkema
- BASF SE
- Beijing Dongke United Technologies Co. Ltd
- CHRYSO
- Enaspol a.s
- GCP Applied Technologies Inc
- MAPEI
- Rhein-Chemotechnik GmbH
- Sika AG
- and Tripolarcon Pvt Ltd.
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