Global Polycarboxylate Ether Market was valued at US$ 11456.0 million in 2021, According to Polycarboxylate Ether Market Report, by Product Type (Solid and Liquid), by Construction Industry (Residential, Infrastructure, and Non-residential), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), published by Coherent Market Insights
Global polycarboxylate ether market was valued at US$ 11456.0 Million in 2021. Polycarboxylate ether market is expected to register a CAGR of 7.01% over the forecast period (2022–2030), to reach US$ 21025.7 Million by 2030.
Increasing demand for Superplasticizers from construction industries is fueling growth of the global polycarboxylate ether market. Governments of various countries are investing huge amounts on various construction activities. Saudi government, the Public Investment Fund, local and international investors are expected to invest over half a trillion dollars into NEOM city according to Coherent Market Insights in 2020, which will focus on industries including energy and water, biotechnology, food, advanced manufacturing and entertainment in the coming years. Phase 1 of the project is expected to be completed by 2025. There is a significant increase in residential construction activities as well. For instance, residential construction was valued at US$ 515.9 billion in 2020, which was 10.6 % over 2019 in the U.S., according to the data provided by the U.S. Census Bureau.
Furthermore, according to National Bureau of Statistics, investment on residential properties increased by 6.4 % year-on-year in 2020 from 2019. Manufacturers are also experimenting with bio-based superplasticizers. Superplasticizers of Sika AG including Sika ViscoCrete, Sikaplast and Sika Viscoflow are developed from bio-based polycarboxylate ether. Bio-based polycarboxylate ether superplasticizer is produced from polyethylene glycol, which is synthesized by a process using molasses, a sugar production by-product.
The market was negatively impacted by COVID-19 in 2020. Several countries were forced to go into lockdown, owing to the pandemic scenario, which led to the shutdown of manufacturing facilities of almost every industry globally for a specified time. The construction industry, which are the major end users of polycarboxylate ether suffered hugely due to the pandemic. Disruption in Chinese parts exports, large-scale manufacturing interruptions across Europe, and the closure of assembly plants in the U.S. significantly impacted the global polycarboxylate ether market.
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https://www.coherentmarketinsights.com/market-insight/polycarboxylate-ether-market-1996
Browse 50 market data tables* and 40 figures* on "Global Polycarboxylate Ether Market” - Forecast to 2030.
Key Trends and Analysis of the Global Polycarboxylate Ether Market:
- Among regions, Asia Pacific accounted for a significant market share of 41% in 2021. This is attributed to increasing government infrastructure initiatives and development programs. For instance, governments of economies such as Indonesia, Malaysia, and Thailand are focusing on developing public and private infrastructure.
- According to Coherent Market Insights in 2021, among product type, liquid segment accounted for the largest revenue share of 57.4% in the global polycarboxylate ether market in 2021.
Key Takeaways of the Global Polycarboxylate Ether Market:
- According to Coherent Market Insights in 2021, among construction industry, infrastructure segment held largest revenue share of 33.7% in the global polycarboxylate ether market in 2021.
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