Superplasticizers Market to Witness High Growth Rate in the Chemicals And Materials Industry: MRFR

Pune, India, March 2023, MRFR Press Release/Market Research Future has published a  Cooked Research Report on the Global Superplasticizers Market.

Global Superplasticizers Market

Market Synopsis

The Superplasticizers market share is likely to attain a global CAGR of 7.24% during the ongoing forecast period of 2022-2030. The global Superplasticizers market was valued at USD 5.71 billion in 2021 and is projected to reach USD 10.32 billion by the end of 2030.

Superplasticizers are high-range water reducers that are additives used in making high strength concrete. Superplasticizers are chemical admixtures that enables the production of concrete with approximately 30% or more reduction in water content. When superplasticizers are added to the concrete they improve flowing ability, strength, and durability of the concrete.

They also enhance the compaction of concrete for increasing density and to improve the surface finish of the concrete product. Often, to avoid drastic reduction in slump and resultant difficulty in placing, only part of the superplasticizer is mixed during batching with the balance being added on site prior to pouring. Superplasticizers can lead to increased air content when the mortar or concrete is mixed. This air may improve the workability to some extent but air contents of more than 3% for a non-air-entrained concrete reduce durability and must be avoided. Therefore, most superplasticizer formulations contain a defoamer – especially the ones based on PCEs. Superplasticizers increase shrinkage and thermal cracking, and also conserve cement. Due to their characteristics, these superplasticizers find its applications in ready-mix concrete (RMC), precast concrete, high-performance concrete (HPC), and others.

The major factors driving the global market growth are Growing demand for poly-carboxylates (PCE) superplasticizer and growing use of precast concrete and Ready-mix concrete in the Superplasticizers market..

Competitive Landscape

The global Superplasticizers market is characterized by the presence of many regional and local vendors. In the competitive landscape, the report analyses the degree of competition among the industry players as well as industry growth and market scenario. The global superplasticizers market is at a growing stage, which represents healthy stats in terms of market value and overall volume. Over the past few years, the global superplasticizers market has witnessed significant demand in various applications such as ready-mix concrete (RMC), precast concrete, high-performance concrete (HPC), and others like self-compacting concrete (SCC), shotcrete, and fly ash concrete (FAC). The degree of competition among the market players is expected to be moderate-to-high on account of a substantial number of market players across the region. The global superplasticizers market is fragmented, and it is moving towards growth by specifically adopting partnership, capacity expansion, joint-venture, and product launch strategies.

In the global superplasticizers market, Arkema, BASF SE, GCP Applied Technologies Inc., Sika AG, KAO Corporation, and Mapei are the major shareholders. As mentioned earlier, the major market players are taking a strong decision with an aim to raise their profitability, expand their product portfolio, and attain competitive advantage from each other’s core competencies, and these industry players are adopting expansion, joint venture, and product launch strategies to penetrate in the global as well as regional market The Mapei, Sika AG, HA-BE Betochemie, Arkema, and Chembond Chemicals Limited has extensive product portfolio of superplasticizers in the global markets and focuses on offering new products to attract new consumers and strengthen its current consumer base. These players offer a wide range of products as it invests heavily in product launches, focusing on construction materials and therefore, the product launch strategy holds 14.3%. Acquisitions are also part of the company’s strategies to expand in different regions of the world and increase its product portfolio by bagging major brands. For instance, Sika AG is highly focused on the acquisition strategy. By adopting an acquisition strategy, the key players can access a wider customer base, have organic growth, obtain product diversification, can have better production or distribution facilities, and increased purchasing power. According to MRFR analysis, acquisitions & mergers accounted for 48.0% of the incremental developments in the market. Key players emphasize acquiring local and regional players to increase productivity, expand product portfolio, enter different regions, and strengthen their distribution channels. Companies in the global superplasticizers market are investing in R&D to develop new products and diversify their product portfolio and strengthen their consumer base.

Segmentation

By Type

• Polycarboxylate (P.C.) Derivatives Polycarboxylate superplasticizers (PCEs) are comb-shaped polymers with an anionic backbone and several nonionic pendant chains, which typically are comprised of polyethylene glycols. Polycarboxylate superplasticizer is a type of surfactant that contains carboxyl grafted copolymer in its molecules. Because of its unique molecular structure, it has many unique advantages, such as low dosage, high water reduction rate, significant early strength growth, satisfactory keeping slump, no retarding, less impact on concrete shrinkage, and performance is unaffected by the order of addition.


• Sulfonated Naphthalene Formaldehydes: Naphthalene Sulphonated Formaldehyde is a polymer that has been condensed. It is primarily utilised in concrete as a potent water-reducing agent and is also known as a superplasticizer. It generates concrete with an extremely workable property known as high slump.


• Sulfonated Melamine Formaldehydes: Sulfonated Melamine Formaldehyde (SMF) is a chemical that is used in the manufacture of refractory concrete, steam curing concrete, plain concrete, ornamental concrete, and coloured concrete. Sulphonated Melamine Formaldehyde (SMF) is a super dispersion used in the casting and strengthening of oil-well cement.


• Modified Lignosulfonates: modified lignosulfonate Lignosulfonate superplasticizers are anionic surface active chemicals that increase the physical performance of concrete by cement adsorption and dispersion. Compound made of liquid admixtures that can be reused as an early strength agent, retarder, antifreeze, pumping agent, and naphthalene superplasticizer.

By Form

• Liquid: The liquid segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. This attributed to the properties offered by the liquid superplasticizers, liquid superplasticizers included around 40% of active substance. Higher dose is used to reduce the water cement ratio. Also, lesser sensitivity to the fluctuations of temperature and its lower cost.


• Powder: Powder superplasticizer provides several benefits, including high water reduction, low slump loss, workability, and compatibility. It is suitable for high-strength, high-fluidity concrete, self-leveling mortar, grout, and other cement-based powder products because of its uniform powder particles, superior fluidity, and ease of dispersal. It is also a dispersion for gypsum-based powder materials, refractories, and ceramics..

By Application

• Ready-Mix Concrete (RMCReady-mix Concrete refers to concrete that is created particularly for a client's construction project and delivered to the customer on-site as a single product. It is made out of Portland cement or other cements, water, and aggregates like as sand, gravel, or crushed stone.


• Precast Concrete: Precast concrete is a type of construction product made by casting concrete in a reusable mold or form, which is then cured in a controlled environment, transported to the building site, and manipulated into position; examples include precast beams and tilt up wall panels.


• High-Performance Concrete (HPC): High-performance concrete (HPC) is a type of concrete that is intended to be more durable and, if necessary, stronger than standard concrete. HPC mixes are fundamentally constructed of the same components as traditional concrete mixtures, but the proportions are tailored, or engineered, to give the strength and durability required for the project's structural and environmental requirements. High-strength concrete has a specified compressive strength of 8000 psi (55 MPa) or above. The figure of 8000 psi (55 MPa) was chosen because it indicated a strength level requiring extra care in the manufacture and testing of the concrete, as well as unique structural design requirements.


• Others: The others segment accounted for 6.87% market share in the global superplasticizers market.

By Region

1. North America: North America is projected to hold a significant share of the target market owing to growing construction and infrastructure market in the region. The US accounted for the largest market share of 77.72% in 2021, with a market value of USD 1,113.6 million; it is expected to register the highest CAGR of 7.19% during the forecast period.


2. Europe: Europe accounts for the second-largest market share due to the presence of key players in the region adopting various market strategies to expand the market footprint in emerging markets. Further, the Germany Superplasticizers market held the largest market share, and the was the fastest growing market in the European region.


3. Asia Pacific: The Asia-Pacific region accounted for the largest share in the global superplasticizers market. Te growth in the region can be attributed to the growing urbanization and government initiatives in the infrastructural development in the emerging economies. Also the presence of key players in the region and growing expansion activities in the region.


4. Latin America: Latin America is estimated to hold a considerable share of the Superplasticizers market. Brazil accounted for the largest and fastest growing in the Latin America region. The Latin America region is projected to exhibit a CAGR of 5.56% in the forecast period.


5. Middle East & Africa: Middle East & Africa is estimated to hold a considerable share of the Superplasticizers market. The Turkey accounted for the largest market share in 2021, valued at USD 100.6 million; it is projected to exhibit a CAGR of 5.83% in the forecast period. The growth is attrinuted to the growing developments in the buildings and construction industry in the region.