Polycarboxylate Ether Superplasticizer Market Outlook:
The Global polycarboxylate-ether-superplasticizer-market was valued at USD 8,955.3 million in 2022 and is projected to reach USD 16,430.72 million by 2031, expanding at a CAGR of 7.1% during the forecast period.
Polycarboxylate Ether Superplasticizer (PCE) or a polycarboxylate superplasticizer is a type of superplasticizer that is a widely used concrete admixture. Admixture is a material used as a constituent of concrete other than cement, water, and aggregate. It is added to the batch immediately during or before mixing. PCE is used to modify the properties of concrete according to our requirements.
PCEs enhance the rheology of concrete through particle dispersion. Thus, the water consumption is reduced in the mixed proportion of concrete, improving the durability and compressive strength of hardened concrete. Polycarboxylate ether superplasticizer is the third-generation of water-reducing agent. PCE has the characteristics of low dosage, good slump retention performance, high water-reducing rate, small concrete shrinkage, and strong adaptability to cement. It is universally recognized, as it is environmentally friendly.
Macro-economic Factors
Increasing Construction Activities
Increasing expenditure on residential construction indicates a positive impact on the market. According to Statistics Canada, residential construction investment in Canada increased for 11th consecutive months in March 2021, reaching 7.6% to USD 14 billion. Hence, the increase in investment in construction has resulted in the market growth. New homes and commercial buildings are in the demand, as the construction industry expands and urbanization increases across the globe. Government in the US is investing a considerable amount of money into real estate and other commercial structures that need interior design services. The demand for interior design services in the US is expanding, as a result of the need for improved public infrastructure.
Fluctuating Prices of Raw Materials
The construction industry refers to the branch of manufacturing and trade related to building, repairing, renovating, and maintaining infrastructures. The easy availability as well as the rising trend of environment-friendly, durable, and strong raw materials in the construction industries is influencing the market. For instance, according to the Building and Construction Authority of Singapore, the private sector construction demand is anticipated to stay stable over the medium term and reach USD 11 billion to USD 14 billion annually from 2024 to 2027.
The increasing demand for construction from the public and private sectors is influencing the demand for polycarboxylate ether superplasticizer. Polycarboxylate ether superplasticizer is made from materials such as methacrylic Soxylat A, hydrogen peroxide, 2-acrylamido tetradecyl sulfonic acid, vinylformic acid, methacrylic acid, and other. Price of these raw materials depends on various factors, including supply & demand, market conditions, natural disasters, geopolitical changes, and restrictions imposed by governments. The growing construction industry is driving the raw material costs.
Polycarboxylate Ether Superplasticizer Market Dynamics
Driver: Rising Concept of Using Green Building Materials
Proliferation of the construction industry has boosted the use of soil bricks, concrete, and others for construction purposes, which is resulting in the destruction of the environment and continued mining of natural resources. In the past few years, the concept of using eco-friendly building materials is gaining popularity across the globe, majorly in countries such as Japan, Singapore, the US and China.
Green buildings, also known as sustainable building or green construction, is a concept of developing high-performance structures that have no negative impacts on environment throughout the project life-cycle, including planning, designing, construction, performance, maintenance, restoration, and bulldozing. This minimizes the environmental impact of buildings and improves their energy efficiency, water efficiency, and indoor environmental quality.
Some rising trends in the construction industry are energy-efficient design, water conservation, green roofs & walls, use of sustainable materials, net-zero energy buildings, zero-waste buildings, and others. Polycarboxylate ethers (PCEs) over conventional superplasticizers have low environmental impact. This is attributable to the fact that PCE requires less water to the concrete mix. Therefore, it also reduces the amount of energy that is required to solidify concrete. It reduces energy consumption and greenhouse gas emissions, which in turn is increasing the adoption of PCEs, as a sustainable and eco-friendly option for the construction projects.
Moreover, it enhances the durability, workability, and strength of the concrete mixtures, making them suitable for a wide range of applications in the construction projects. Therefore, the demand for polycarboxylate superplasticizers (PCEs) is increasing in line with the growing popularity of green buildings globally, which, in turn, is propelling the market in terms of value sales.
Driver: Proliferation of the Construction Industry
In the recent decades, there has been growth in the construction industry globally. The construction industry has witnessed a remarkable resilience during the outbreak of COVID-19 and over a period of significant disruption to the global economy. According to Oxford Economics, the global construction output in 2020 was around USD 10 trillion and is expected to reach USD 15.2 trillion by the year 2030. This is attributable to the rising populations as well as urbanization across the emerging economies, which is propelling the demand for residential construction and infrastructure development.
The polycarboxylate ether (PCE) superplasticizer market is largely driven by the rise in construction and infrastructure activities worldwide, coupled with the need for improved workability and high performance of concrete. Polycarboxy ether superplasticizers (PCEs) have ability to enhance the fluidity and workability of the concrete.
Moreover, polycarboxylate superplasticizer is a new generation superplasticizer, is used as a water-reducing agent for cement-based materials such as high-strength & high-performance concrete, waterproof mortar, dry mortar, grout, self-leveling, and polyphenyl thermal mortar.
Additionally, PCE-based admixture is widely adopted as a high-efficiency water reducing agent for concrete. Thus, it is widely used in the construction industry in water conservancy, electric power, harbor, railroad, bridge, highway, construction, and other projects. Therefore, the demand for polycarboxylate superplasticizer is growing in terms of values sales in line with the growth of the construction industry.
Restraint: Easy Availability of Substitutes in the Market
Substitute threat is particularly affected when buyers easily find substitute products with attractive quality and when buyers switch from one product to another with little cost. The availability of substitutes affects the profitability of an industry, as consumers choose to purchase the substitute instead of the industry product.
Alternative materials with similar characteristics such as naphthalene formaldehyde superplasticizer, melamine-based superplasticizer, and others is hampering the market. These alternatives provide similar characteristics such as enhancing the fluidity of concrete, high water reduction rate, increasing the collapsibility, and improving the workability as well as construction performance. Moreover, these alternatives offer no pollution during the production, are environmentally-friendly, have has low investment & easy operation. This in turn is expected to creates challenges for the market growth. Thus, the existing demand for these alternative materials in the market is restraining the market.
Opportunity: Rising Demand for Sustainable Materials
The demand for sustainable materials from the building and construction industry across the globe has been increasing from the past few years. PCEs are expected to play an increasingly important role in the development of sustainable and high-performance building materials, as the construction industry continues to grow. This is attributed to the factor that PCEs are non-toxic & ecofriendly, making them a suitable construction material for sustainable construction practice.
Moreover, polycarboxy ether superplasticizers have become a vital component in the construction industry, owing to various benefits associated with it such as reducing water usage, offering significant strength & durability, enhancing crack resistance of the cured cement, usage in non-shrinkage grouting, repair mortar, and others. The demand for PCEs is expected to propel during the forecast period in terms of value sales, as the demand for sustainable, efficient, and resilient structures increases across the globe.
Scope of Polycarboxylate Ether Superplasticizer Market Report
The report on the Global Polycarboxylate Ether Superplasticizer Market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Global Polycarboxylate Ether Superplasticizer Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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by Source (HPEG, TPEG, MPEG, APEG, Others)), by Form (Powder, Flakes, Liquid), by Application (Water-proof Mortar, Repair Mortar, Dry Mixed Mortar, Dry Mixed Concrete, Injection Mortar, Pre-cast Concrete Units, Others), by Distribution Channel (Manufacturer, Distributor)
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Regional Scope
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North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered
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Sika, Saint Gobin, BASF SE, MAPEI S.p.A., Arkema, PCC Group, Kao Chemicals, Fosroc, Inc, The Euclid Chemical Company, Liaoning Kelong Fine Chemical C, GREEN AGROCHEM, TAKEMOTO Oil & Fat Co., Ltd Greif, MUHU (China) Construction Materials Co., Ltd, Fritz-Pak Corporation, Sakshi Chem Sciences, Chembond Chemicals Limited, Henan Kingsun chemical Co., Ltd, Jiahua Chemical Co., Ltd NIPPON STEEL DRUM CO.,LTD.
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Polycarboxylate Ether Superplasticizer Market Segmental Outlook
Based on the source, the global polycarboxylate ether superplasticizer market is divided into HPEG, TPEG, MPEG, APEG, and others.
The HPEG and TPEG segments are expected to hold XX% and XX% share of the market in 2031, respectively, due to the increasing demand from the construction industry. HPEG is highly compatible with water, which makes it an ideal choice in various concrete admixtures. This factor is expected to drive the market. TPEG is a high-performance water-reducing agent with characteristics of low dosage, excellent enhancement, high rate of water reducing, durability, and others, which is expected to drive the demand for TPEG.
The MPEG and APEG segments held XX% and XX% share of the market in 2022, respectively, due to their long shelf life. MPEG is non-toxic and non-flammable, which makes it an ideal choice for use in building and construction projects. This factor is driving the market. APEG is mainly used for mass production of high-performance polycarboxylic acid water reducers.
Based on form, the global polycarboxylate ether superplasticizer market is categorized as powder, flakes, and liquid.
The powder segment is expected to hold a XX% share of the market in 2022. Polycarboxylate ether (PCE) powder is a green environmental product with a good comprehensive index, offering no pollution and good dispersion. It also has excellent adaptability with gypsum and cement and has good fluidity. It is non-toxic, non-irritating, and incombustible. PCE superplasticizer powder is known for its compatibility with various types of cement and admixtures, making it suitable for a wide range of construction applications. Thus, it is commonly used in applications such as buildings, bridges, and infrastructure development, boosting the segment.
Based on application, the global polycarboxylate ether superplasticizer (PCE) market is categorized as water-proof mortar, repair mortars, dry mixed mortar, dry mixed concrete, injection mortars, pre-cast concrete units, and others.
The water-proof mortar segment is expected to hold a 10.24% share of the market in 2022, due to the increasing demand for the use of waterproof mortar on exterior or interior concrete and masonry surfaces. It is largely being used to waterproof tilt-up concrete, foundations, basements, retaining walls, precast concrete, and cast-in-place concrete, thus, increasing the use of the PCE superplasticizers market as PCE superplasticizers used in making water-proof mortar.
Based on distribution channel, the global polycarboxylate ether superplasticizer market is categorized as manufacturer and distributors.
The manufacturer segment held XX% share of the market in 2022. The growth of this segment is attributed to manufacturers selling their products directly to consumers or buyers with or without using a third party. It provides consumers with a physical experience about the product materials and quality.
The distributors segment held XX% share of the market in 2022. A product is sold indirectly through a partner. Wholesalers/distributors buy large quantities of polycarboxylate ether superplasticizer from manufacturers and resell them in bulk quantities at discounted prices to end-use industries.
Regional Outlook
On the basis of region, the polycarboxylate ether superplasticizer market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America is expected to hold XX% share of the market in 2031. North America is one of the key regions in the global polycarboxylate ether superplasticizer market and is expected to continue as a key regional market over the forecast period. Rapid expansion of construction and housing activities in the region, especially in the US, is driving the polycarboxylate ether superplasticizer market. Additionally, increasing renovation and remodeling activities in the real estate sector have resulted in strong demand for polycarboxylate ether superplasticizer.
Europe is expected to hold XX% share of the market in 2031. The market in the region is expected to be driven by the growing demand for polycarboxylate ether superplasticizer for various applications, including residential, non-residential, and other sectors in emerging economies, such as Germany, France, the UK, and Spain. The market in Europe is expected to register significant growth in the coming years, due to a surge in housing construction activity that is driven by long-term investments in the construction sector. Recovery of the domestic construction industry, economic recovery, and increased foreign investment after years of severe recession are expected to boost the construction activity in the region, thereby boosting the demand for polycarboxylate ether superplasticizer.
Segments
By Source
- HPEG
- TPEG
- MPEG
- APEG
- Others
By Form
By Application
- Water-proof Mortar
- Repair Mortar
- Dry Mixed Mortar
- Dry Mixed Concrete
- Injection Mortar
- Pre-cast Concrete Units
- Others
By Distribution Channel
Key Market Players Profiled in the Report
- Sika
- Saint Gobin
- BASF SE
- MAPEI S.p.A.
- Arkema
- PCC Group
- Kao Chemicals
- Fosroc, Inc
- The Euclid Chemical Company
- Liaoning Kelong Fine Chemical C
- GREEN AGROCHEM
- TAKEMOTO Oil & Fat Co., Ltd Greif
- MUHU (China) Construction Materials Co., Ltd
- Fritz-Pak Corporation
- Sakshi Chem Sciences
- Chembond Chemicals Limited
- Henan Kingsun chemical Co., Ltd
- Jiahua Chemical Co., Ltd NIPPON STEEL DRUM CO.,LTD.
Competitive Landscape
Key players operating in the market are Sika, Saint Gobin, BASF SE, MAPEI S.p.A., Arkema, PCC Group, Kao Chemicals, Fosroc, Inc, The Euclid Chemical Company, Liaoning Kelong Fine Chemical C, GREEN AGROCHEM, TAKEMOTO Oil & Fat Co., Ltd Greif, MUHU (China) Construction Materials Co., Ltd, Fritz-Pak Corporation, Sakshi Chem Sciences, Chembond Chemicals Limited, Henan Kingsun chemical Co., Ltd, Jiahua Chemical Co., Ltd NIPPON STEEL DRUM CO.,LTD.. These companies are considered as key manufacturers of Polycarboxylate Ether Superplasticizer based on their revenue, research development (R&D) activities, product offerings, regional presence, and supply chain management system.
Players are adopting key strategies such as acquisitions, collaborations, and geographical expansion for potential opportunities in the Polycarboxylate Ether Superplasticizer Market.
Key Developments
Kao Corporation participated in the 16th International Cement Chemistry Congress (ICCC 2023) at Centara Grand and Bangkok Convention Center, CentralwOrld. An academic conference on the cement industry and scientific exchanges on cement and concrete from around the world took place at this event. Infrastructure Chemicals Business participated in presentations about the company's activities and chemicals related to cement, concrete and construction activities, such as VISCO TOP UT, innovative chemical products.
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