The global polycarboxylate ether market was valued at US$ 7,428.4 Mn in 2017 and is expected to reach US$ 17,994.9 Mn by 2025, at a CAGR of 10.7% over the forecast period (2018–2025), according to a Global Polycarboxylate Ether Market Report, by Product Type (Solid and Liquid), by Construction Industry (Residential, Infrastructure, and Non-residential), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa).
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 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 2017, which was 10.6 % over 2016 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 2016 from 2015. Manufacturers are also experimenting with bio-based superplasticizers. For instance, Sika AG launched bio-based ViscoCrete in India, in 2013 and in Europe and North America in 2014. Bio-based ViscoCrete also enhances concrete properties such as water reduction and robust behavior in fresh concrete. 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.
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Key Trends and Analysis of the Polycarboxylate Ether Market:
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