According to the new market research report "Concrete Superplasticizers Market by Type (PC, SNF, SMF, MLF), Application (Ready-Mix Concrete, Precast Concrete, High Performance Concrete), and Region (North America, APAC, Europe, South America, the Middle East & Africa) - Global Forecast to 2024" Published by MarketsandMarkets, The concrete superplasticizers market is projected to grow from USD 5.1 billion in 2019 to USD 7.3 billion by 2024, at a CAGR of 7.4%, during the forecast period. The growth of the concrete superplasticizers market can be attributed to its high demand across the concrete industry, globally.

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Browse 108 market data Tables and 39 Figures spread through 135 Pages and in-depth TOC on "Concrete Superplasticizers Market”

The PC segment dominated the concrete superplasticizers market in 2018 and is also expected to be the fastest-growing segment during the forecast period.

The PC-based superplasticizers can achieve water reduction of up to 40.0% at very low dosage rates compared to their counterparts. Excellent water reduction capability and dispersibility are expected to drive the demand for PC-based concrete superplasticizers in the next five years. Polycarboxylate superplasticizers are used as high-range water reducers in high performance concrete, high-strength concrete, high volume fly ash/slag concrete, cement grouting, and dry mortar. Therefore, it is estimated that PC segment will be the fastest-growing segment during forecast period.

The ready-mix concrete segment accounted for the largest market share in 2018

Ready-mix concrete is the largest manufactured concrete, globally, owing to its ease in transportation and a wide range of applications across residential, commercial, and industrial constructions. The major demand driver for the growing ready-mix concrete consumption is shortage of labor and space limitation at construction sites. Also, it is very convenient for construction companies to reduce the inventory and labor cost by opting for the ready-mix concrete instead of site-mixed concrete. Owing to these factors, ready-mix concrete is projected to be largest segment of the concrete superplasticizers market.

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APAC is expected to register the highest CAGR during the forecast period.

APAC is projected to be the largest market for concrete superplasticizers. This dominant market size and highest growth rate are owing to the high consumption of concrete by the APAC region. APAC is the largest producer and consumer of the concrete accounting for more than 50% of the global consumption of concrete. Growing urbanization trend across emerging economies of APAC drives the concrete superplasticizers market. APAC countries namely China, Japan, South Korea, Vietnam, Indonesia, Philippines, Thailand, and India are among the top 20 consumers of cement. Owing to the high consumption of cement and demographics, the APAC region is projected to be the largest consumer of the concrete superplasticizers.

Key Market Players

Arkema (France), Sika (Switzerland), BASF (Germany), GCP Applied Technologies (US), Mapei (Italy), Kao Corporation (Japan), Enaspol (Czech Republic), Concrete Additives and Chemicals (India), Rhein-Chemotechnik (Germany), and Rain Carbon (US) are the key players operating in the concrete superplasticizers market.

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