The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Concrete Superplasticizers Market.
It was estimated prior to this unanticipated outbreak that the Concrete Superplasticizers Market was expected to grow at a CAGR of 6.6% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
For a more detailed breakdown of the COVID-19 impact on the Concrete Superplasticizers Market, request a free sample of the report here:
Concrete superplasticizers are the chemical concrete admixtures added to improve and retain workability of concrete while reducing water content in the mixture.
Concrete superplasticizers, by reducing water cement ration, improves bond strength, density, abrasion resistance and decreases permeability, shrinkage cracking, segregation and bleeding.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the material type, the market is segmented as Sulfonated Naphthalene Formaldehydes (SNF), Sulfonated Melamine Formaldehydes (SMF), Modified Lignosulfonates (MLS), Polycarboxylic Acids (PC), and others. Polycarboxylic acids held the largest share of the market in 2019, and are expected to remain dominant during the forecast period, mainly driven by their excellent water reduction capabilities (up to 40%) and dispersibility, and their usage in high-strength and self-compacting concrete applications.
Based on the application type, the concrete superplasticizers market is segmented as ready-mix concrete, precast concrete, high-performance concrete, and others. Ready-mix concrete is expected to remain the largest application of the market during the forecast period, owing to its wider application and increasing acceptance in the construction industry along with offering ease in transportation and reduction in inventory cost to the builders and contractors.
Based on the form type, the concrete superplasticizers market is segmented as liquid and powder. Liquid is expected to remain the larger segment of the market during the forecast period, owing to its exceptional benefit such easy to mix in concrete, easy to transport, and causes lesser pollution.
In terms of regions, Asia-Pacific is expected to remain the dominant region of the market in the coming five years owing to high consumption of concrete mixtures coupled with the largest and the fastest-growing construction market in the region. Industrialization, urbanization, migration towards cities, increasing government spending and increasing focus to improve the quality of construction will continue to propel the demand for concrete superplasticizers in the region over the next five years.
Some of the major concrete superplasticizer manufacturers are-