Global Concrete Superplasticizer Market 2017-2021
About Concrete Superplasticizer
Concrete superplasticizers are a type of linear polymer chemical additives used in cement and concrete manufacturing as high-range water reducers. These chemicals are used to reduce cement-water ratio in concrete mixture, providing a strong finished product at a lower cost.
Technavio’s analysts forecast the global concrete superplasticizer market to grow at a CAGR of 6.46% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global concrete superplasticizer market for 2017-2021. To calculate the market size, the report considers the average selling price for the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Concrete Superplasticizer Market 2017-2021
Technavio recognizes the following companies as the key players in the global concrete superplasticizer market: Arkema, BASF, Kao Corporation, Sika, and W.R. Grace.
Other Prominent Vendors in the market are: Clariant, CEMEX, Enaspol, Euclid Chemical, Evonik Industries, Fuclear Technologies, Mapei South Africa (PTY), Rhein-Chemotechnik, RÜTGERS Group, and Shandong Wanshan Chemical.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is advances in technology. Technological innovations are expected to increase the market penetration of concrete superplasticizers and make them effective in providing a better solution in end-use industries. The advances in technology help in improving the throughput of the process equipment to reduce the costs and maintenance.”
According to the report, one of the major drivers for this market is growing urban population. According to the World Bank, as of 2014, 53.399% of the global population resided in urban areas, and in 2015, it was 53.857%. This is expected to increase nearly 54% by 2021. The growth rate of urbanization in developing regions in the recent past has been notable. The urban population of India was 32.366% in 2014, which rose to 32.747% in 2015. Urban population has been increasing, and this will bring more construction projects during the forecast period.
Further, the report states that one of the major factors hindering the growth of this market is Fluctuations in prices of raw materials. The oil and gas industry is one of the principal raw material suppliers in the global concrete superplasticizers market. The fluctuations in the crude oil prices have a significant impact on the prices of raw materials, affecting the costs of the final product. In 2010, the price of Brent crude oil was around $77 per barrel, but there was an increase in the price during 2012 by nearly 41%. But in 2016, the price of crude oil per barrel decreased by nearly 60%.
Arkema, BASF, Kao Corporation, Sika, W.R. Grace, Clariant, CEMEX, Enaspol, Euclid Chemical, Evonik Industries, Fuclear Technologies, Mapei South Africa (PTY), Rhein-Chemotechnik, RÜTGERS Group, and Shandong Wanshan Chemical.
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