Market Trends of Concrete Superplasticizers Industry
This section covers the major market trends shaping the Concrete Superplasticizers Market according to our research experts:
Ready-mix Concrete Segment to Dominate the Market
- Among applications, ready-mix concrete dominates the demand for concrete superplasticizers. Besides, it is also expected to witness the highest growth over the forecast period.
- Ready-mix concrete is a mixture of various materials, such as Portland cement, fine sand, water, and coarse aggregates.
- It is produced in a cement factory or batched plants, from where it is transported in specific proportions through a transit mixer to the construction sites.
- Ready-mix concrete has a consistent quality because it is produced under controlled conditions. On the other hand, normal site concrete has low consistency in quality.
- The ready mixed concrete exhibits more comprehensive strength compared to that of normal concrete in the same intervals. This property leads to the higher mechanical strength of ready-mix concrete compared to normal concrete.
- Some of the major ready-mix concrete manufacturers include CEMEX SAB de CV, LafargeHolcim, HeidelbergCementAG, UtraTechCement, BuzziUnicemSpA, and Vicatn SA.
- Hence, based on the above-discussed aspects, the ready-mix concrete segment is expected to dominate the market.
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Asia-Pacific Region to Dominate the Market
- The Asia-Pacific region is projected to dominate the market for concrete superplasticizers, owing to the growing number of residential, commercial, and infrastructure construction projects in the region.
- The Asia-Pacific region has the largest low-cost housing construction segment, led by China, India, and various Southeast Asian countries. With this, the housing construction market has been expanding in these countries at a rapid rate, and this is further fueling the demand for concrete.
- Countries such as China, India, Indonesia, and Malaysia, have numerous malls under the planning or development phase.
- For instance, in India, over 65 million square feet of new mall spaces are expected to be constructed by the end of 2022. Besides, China is likely to witness the construction of 7,000 more shopping centers, which are estimated to be opened by 2025.
- However, with China being already affected by the Evergrande debt crisis, construction growth is expected to notably slow down in the country during the short run.
- Hence, all such projects and planned investments are expected to enable the Asia-Pacific region to dominate the global market.
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