Concrete Plasticizer and Super plasticizer Market Expected to Reach $10.4 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Concrete Plasticizer and Super plasticizer Market," The concrete plasticizer and super plasticizer market size was valued at $5.6 billion in 2021, and is estimated to reach $10.4 billion by 2031, growing at a CAGR of 6.5% from 2022 to 2031. Commonly observed product types of concrete plasticizer and super plasticizer are sulfonated naphthalene formaldehydes (SNF), sulfonated melamine formaldehydes (SMF), modified lignosulfonates (MLS), and polycarboxylate derivatives. Among these, the polycarboxylate derivatives (PC) segment accounted for the highest market share in 2021, owing to its relative greater effectiveness. The market is analyzed with respect to different forms of concrete plasticizer and super plasticizer; liquid and powder. Out of these, the liquid segment accounted for the highest market share in 2021, owing to its wide-scale availability and easy usage.

On the basis of applications of concrete plasticizer and super plasticizer, the market is categorized into ready mix concrete, precast concrete, high-performance concrete, and others. Among these, the ready mix concrete segment registered highest revenue in 2021, owing to the high demand for ready mix concrete. And, on the basis of end-user, the market is categorized into residential construction and non-residential construction. Out of these, the residential construction segment is expected to witness a higher growth rate during the forecast period. The market is mainly driven by rising construction activities. However, the difficulty faced during surface finishing activity using concrete with superplasticizer has the potential to limit the concrete plasticizer and super plasticizer market growth.

In 2021, Asia-Pacific dominated the concrete plasticizer and super plasticizer market, in terms of revenue, followed by Europe and North America. Moreover, the market in LAMEA is expected to grow with the highest CAGR, owing to growth in number of residential and commercial buildings, and increasing infrastructure construction.

Furthermore, superplasticizer manufacturers are adopting various development strategies to remain competitive in the market. For instance, Sika AG is a huge company offering various concrete admixtures including superplasticizer. In May, 2022, Sika AG opened a manufacturing plant for concrete admixtures in Stafford, Virginia. This is anticipated to increase its production capacity, and is expected to be able to satisfy the strong demand in the Northeast and Mid-Atlantic regions.

However, during the pandemic lockdown, various manufacturers in the concrete plasticizer and super plasticizer market had to stop their business in countries such as China, the U.S., and India. This break directly impacted sales of superplasticizer manufacturing companies. In addition, lack of manpower and raw materials constricted supply of raw materials for superplasticizer; thus, negatively influencing the growth of the market. Conversely, after two years of COVID-19 outbreak and the introduction of vaccinations, the severity of the pandemic has significantly reduced and key players in the market are recovering rapidly.

In Europe, An increase in the number of high-net-worth individuals in Germany and favorable economic conditions coupled with growth in disposable income is anticipated to help in boosting the number of residential buildings. In addition, the government’s social housing assistance initiative, which aims to provide affordable rental housing and to support owner-occupied housing, particularly for families with children, also positively influences the residential building construction sector. For instance, in the quarter third of 2021, the construction of Kolbenhoefe Mixed-Use Complex commenced in Hamburg is expected to have a total gross floor area of 60,700 M2, and is estimated to complete by 2023 at a cost of $158 million. The rise in the German residential and non-residential construction sector is estimated to have a positive impact on the demand for concrete and related admixtures including concrete plasticizers.

Key Findings Of The Study

• The report provides an extensive analysis of the current and emerging concrete plasticizer and super plasticizer market trends and dynamics. 
• Depending on type, the polycarboxylate derivatives (PC) dominated the concrete plasticizer and super plasticizer market share, in terms of revenue in 2021 and the sulfonated naphthalene formaldehydes (SNF) is projected to grow with the highest CAGR during the forecast period.
• Depending on the form, the liquid segment accounted for the highest market share in 2021.
• By application, ready mix concrete segment registered the highest revenue in 2021.
• By end user, the residential construction segment is expected to grow at a higher CAGR during the forecast period.
• LAMEA is projected to register the highest growth rate in the coming years.
• The key players within the concrete plasticizer and super plasticizer market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the concrete plasticizer and super plasticizer industry.
• The report provides an extensive concrete plasticizer and super plasticizer market analysis of the current trends and emerging opportunities of the market. 
• In-depth concrete plasticizer and super plasticizer market forecast analysis is conducted by constructing estimations for the key segments between 2021 and 2031.