Growing cement concrete demand possessing high workability & fluidity properties along with low water requirement has led to superplasticizers market growth. Improving global infrastructure coupled with technological advancements in terms of rapid and durable constructions is expected to have a positive impact on market over the next few years. Increasing high strength concrete mixtures demand with improved flow characteristics for faster construction especially of beams and columns is estimated to fuel superplasticizers market growth.
On the basis of product types, superplasticizers market may be segmented into sulfonated naphthalene-formaldehyde condensates (SNF), sulfonated melamine-formaldehyde condensates (SMF), polycarboxylate derivatives (PC) and modified lignosulfonates (MLS) which are available in powder or liquid forms. The product type to be used depends largely on the concrete mixture such as ready mix, high strength, precast, self compacting, high performance and shotcrete. SNF, SMF and MLS together account for a large volume of the total superplasticizers consumed globally. Ether-based PC plasticizers development has led to over 40% less water usage along with improved elasticity and workability. New product developments coupled with technological advancements is expected to provide immense future opportunities for superplasticizers market expansion over the forecast period. Advancements in in-transit admixing technologies such as automated slump management systems is also expected to have a stimulating impact on market growth over the forecast period.
Rapid urbanization in developing economies of Africa and Latin America coupled with improving infrastructure is estimated to drive superplasticizers market growth. North America is expected to have major share in the global market followed by Europe. Asia Pacific, Middle East & African regions are estimated to witness above average growth rates over the forecast period. Increasing infrastructure spending and growing construction projects in countries of Africa and Middle East especially in South Africa, UAE, Saudi Arabia and Egypt is estimated to fuel market growth over the next six years.
Global superplasticizers market is moderately fragmented with large number of local manufactures. Companies have such as BASF have been investing heavily on R&D and super-fluid concrete technologies. Key market players include BASF SE, Arkema, Kao Corporation, Sure Chemicals and Air Products & Chemicals Inc.
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Halted manufacturing activities across various end-use industries has led to weakened demand for specialty polymers. The prevailing macroenvironment due to the pandemic shall register indications of recovery depending on the course of COVID-19's prevalence and subsequent resuming of manufacturing activities. The report will account for Covid19 as a key market contributor.