Concrete Superplasticizer Market Driven by Growing Application Scope
Superplasticizers are used as admixtures for concrete to improve the strength of the generic concrete in its applications. Concrete superplasticizers are of five main types, namely, modified lignosulfonates, polycarboxylic acids, sulfonated melamine formaldehyde, sulfonated naphthalene formaldehyde, and others. As superplasticizers offer higher strength compared to regular concrete, they are commonly used in various applications across numerous industries. Considering its strength, concrete superplasticizers are used as an alternative to standard concrete in civil infrastructure, especially in earthquake-prone areas, such as Japan.
The global concrete superplasticizer market is segmented on the basis of geography and application. The global concrete superplasticizer market, by geography, is divided into Europe. Asia Pacific, North America, and Rest of the World. Asia Pacific is predicted to be the dominant region in the global concrete superplasticizer market during the forecast period. The increasing use of concrete superplasticizers in the developed countries in Asia Pacific is predicted to propel the Asia Pacific concrete superplasticizer market in the coming few years. Use of concrete superplasticizers is predicted to increase in Asia Pacific due to the growing focus of the governments of developed countries on advanced research and development activities.
Factors such as the development of infrastructure and increasing population are also expected to boost the Asia Pacific concrete superplasticizer market in the coming few years. The Middle East and Africa is expected to be the second-largest market in the global concrete superplasticizer market in the years to come, followed by North America. Developing countries in the Middle East and Africa region are expected to be the dominant contributors towards the growth of concrete superplasticizer applications in this region.
By application, the global concrete superplasticizer market is classified into high performance, precast, ready mix, self-compacting, and others. The construction industry is predicted to develop rapidly in the next five years due to the growing needs of rapid development of infrastructure and increasing population. The ever-growing demand for concrete superplasticizers from the construction industry is another factor expected to propel the global concrete superplasticizer market during the forecast period. However, the global concrete superplasticizer market is expected to face a tough time due to factors such as instability of prices of the raw materials and changing regulations regarding transportation of the raw materials. The prices of the raw materials, which are derived from petrochemicals, are expected to remain volatile. Inventions and technological advancements are predicted to create growth opportunities for the global concrete superplasticizer market in the next few years.
BASF, ARKEMA, MAPEI SPA, Kao Corporation S.A., and Euclid Chemical Company are some of the prominent players operating in the global concrete superplasticizer market. The global concrete superplasticizer market is expected to be highly competitive in the years to come due to the recent developments and the introduction of new concrete superplasticizer applications by the new entrants.