The global superplasticizers market size was valued at nearly USD 6.3 Bn in 2022 and is anticipated to reach USD 11.6 Bn by 2031, expanding at a CAGR of 7.1% during 2023-2031. The growth of the market is attributed to the growing construction, rapid infrastructure developments, and urbanization coupled with the widescale implementation of precast construction and ready-mix concrete for building and construction activities around the world.
Superplasticizers are chemicals with high abilities of water absorption. Superplasticizers are also known as high-range water reducers. Plasticizers aid in the manufacturing of concrete with less water content. These additives are used in small amounts, only a few percent of the total weight of the product. The curing of concrete is slowed by the appropriate use of superplasticizers and plasticizers.
Superplasticizers are synthetic polymers and chemical additives that are widely used in the construction industry for strengthening concrete. Superplasticizers facilitate the reduction of water in concrete preparations up to 30% of the mixture content. Producing self-leveling and flowing concrete without increasing water content and reducing cement is a major advantage of superplasticizers.
Superplasticizers are used widely in dry-pressed concrete for improving workability and enhancing the strength and hardness of concrete. Superior surface finishes are provided to concrete products with improved density through the use of superplasticizers. PCE-based superplasticizers are commonly used surfactants in concrete and cement material compositions.
The market report finds that the COVID-19 pandemic restricted the superplasticizers market with the forced shutdowns of building construction sites and infrastructure sector development during the pandemic. Lockdown restrictions disrupted the supply chain of raw materials that included concrete with superplasticizers as essential ingredients which hampered the market during the pandemic.
Superplasticizers Market Dynamics
Major Drivers
Growing demand for concrete with a high percentage of fluids and the requirement for less water in concrete mixtures is expected to drive the superplasticizers market. The rising number of residential and commercial infrastructure projects in developed [ped and developing countries is estimated to propel the market in the coming years.
Existing Restraints
Alternatives to superplasticizers in the form of polymer concrete are likely to hamper the market. High costs for manufacturing concrete with minimum water usage and superplasticizers as additives are likely to restrain the market.
Emerging Opportunities
Increasing government initiatives around the world for encouraging fast-paced construction through the use of precast concrete with superplasticizers in concrete mixtures are expected to create lucrative opportunities in the market during the forecast period.
Scope of Superplasticizers Market Report
The report on the global superplasticizers market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Superplasticizers Market - Global Industry Analysis, Growth, Share, Size, 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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Type (Sulfonated Naphthalene-formaldehyde Condensates, Sulfonated Melamine-formaldehyde Condensates, Polycarboxylate Derivates, Modified Lignosulfonates, and Lignosulfonates), Form (Powder and Liquid), and Application (Ready-mix Concrete, High-performance Concrete, Precast Concrete, Self-compacting Concrete, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and 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 in the Report
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KAO Corporation, Air Products & Chemicals Inc.; BASF SE; Sure Chemicals; Sika; Arkema; GCP Applied Technologies Inc.; Fuclear Technologies; Ha-Be Betonchemie; Fritz-Pak Corporation; Enaspol; Mapei; Sika AG; Shandong Wanshan Chemical; and Rhein-Chemotechnik
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Superplasticizers Market Segment Insights
Based on type, the market is divided into sulfonated naphthalene-formaldehyde condensates, sulfonated melamine-formaldehyde condensates, polycarboxylate derivates, modified lignosulfonates, and lignosulfonates segments.
The polycarboxylate derivates segment is expected to expand at a significant pace during the projection period, owing to polycarboxylate products being preferred for better dispersibility and water reduction abilities in producing high-quality concrete. Enhanced use of polycarboxylate-based superplasticizers in manufacturing cement grouting, high-volume slag, dry mortar, and fly ash concrete is expected to boost the segment during the forecast period.
On the basis of form, the superplasticizers market is bifurcated into powder and liquid. The liquid segment is expected to expand at a significant pace during the projection period, owing to the growing use to reduce water content in concrete mixtures. Less sensitivity to temperature changes and low cost of production are expected to boost the segment in the coming years.
In terms of application, the market is divided into self-compacting concrete, ready-mix concrete, precast concrete, high-performance concrete, and others. The ready-mix concrete segment is projected to hold a key revenue share of the market due to the ease of transporting ready-mix concrete manufactured using superplasticizers to construction sites. Growing use of superplasticizers in concrete for building residential, commercial, and industrial applications is likely to boost the segment during the forecast period.
Based on region, the global superplasticizers market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to dominate the market during the projection period due to the growing real-estate projects in the region that require ready-mix concrete made out of superplasticizers.
The market in North America is projected to grow at a rapid pace in the coming years, owing to the already established construction industry in the region. Rapid urbanization and industrialization and infrastructure development through the development of underground transport systems, rail infrastructure, airports, and roadways are expected to fuel the market in the region.
Segments
The global superplasticizers market has been segmented on the basis of
Type
- Sulfonated Naphthalene-formaldehyde Condensates
- Sulfonated Melamine-formaldehyde Condensates
- Polycarboxylate Derivates
- Modified Lignosulfonates
- Lignosulfonates
Form
Application
- Ready-mix Concrete
- High-performance Concrete
- Precast Concrete
- Self-compacting Concrete
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- KAO Corporation
- Air Products & Chemicals Inc.
- BASF SE
- Sure Chemicals
- Sika
- Arkema
- GCP Applied Technologies Inc.
- Fuclear Technologies
- Ha-Be Betonchemie
- Fritz-Pak Corporation
- Enaspol
- Mapei
- Sika AG
- Shandong Wanshan Chemical
- Rhein-Chemotechnik
Competitive Landscape
Players in the global superplasticizers market include KAO Corporation; Air Products & Chemicals Inc.; BASF SE; Sure Chemicals; Sika; Arkema; GCP Applied Technologies Inc.; Fuclear Technologies; Ha-Be Betonchemie; Fritz-Pak Corporation; Enaspol; Mapei; Sika AG; Shandong Wanshan Chemical; and Rhein-Chemotechnik. These companies are engaging in strategies such as acquisitions, collaboration, mergers, partnerships, and product launches to increase in their global presence.
- In November 2021, Sika, a manufacturer of specialty chemicals for damping, reinforcing, bonding, and sealing in the construction sector, acquired MBCC for securing its position in the global construction industry as the leading provider of superplasticizers.