The polycarboxylate ether market has grown significantly, with projections from $11.14 billion in 2023 to $11.87 billion in 2024, at a CAGR of 6.5%. Growth drivers include infrastructure projects, demand for ready-mix concrete, eco-friendly concrete materials, and urban population growth.
The polycarboxylate ether market is forecasted to grow to $15.43 billion by 2028, with a CAGR of 6.8%. The construction industry boom, need for durable infrastructure, adoption of ready-mix concrete, and expansion of precast concrete are key growth drivers. Trends include technology-driven manufacturing, innovations in concrete admixtures, smart concrete solutions, integration with digital tools, and advancements in ultra-high-performance concrete.
Major Driver In The Polycarboxylate Ether Market
The increasing demand from the construction industry is expected to enhance the polycarboxylate ether market. This sector involves designing and building residential, commercial, and industrial structures, fueled by urbanization and government investments in infrastructure. Polycarboxylate ether acts as a superplasticizer, improving concrete workability while reducing water content. In Quarter 1 of 2024, total new construction orders in the UK rose by 15.9% to £1,436 million ($1,913 million) compared to Quarter 4 of 2023. Therefore, growing construction industry demand drives the polycarboxylate ether market, projected to reach USD 8,132.71 million by 2028, from USD 5,706.16 million in 2023 and USD 6,474.99 million in 2024.
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Polycarboxylate Ether Market Competitive Landscape
BASF SE, Dow Chemical Company, Evonik Industries AG, Cemex S.A.B. de C.V, Arkema SA, Kao Corporation, Sika AG, Nouryon, Sobute New Materials Co Ltd., Himadri Speciality Chemical Ltd., Liaoning Oxiranchem Inc., Mapei S.p.A., Euclid Chemical, Chembond Chemicals Ltd., Hangzhou Lans Concrete Admixture Inc., MUHU (China) Construction Materials Co Ltd., Sodamco-Weber, Sintez OKA Group, Sakshi Chem Sciences, Kashyap Industries, Allbiz Ltd., Hi-Bond Chem Pvt. Ltd., Shijiazhuang Chang'An Yucai Building Material Co Ltd., Sure Chemical Co Ltd
Key Polycarboxylate Ether Market Trend
In the polycarboxylate ether market, companies are focusing on developing sustainable solutions, like bio-sourced admixtures, to meet the increasing demand for sustainability and improve performance in construction. Bio-sourced admixtures are additives from renewable materials that enhance sustainability and performance while reducing environmental impact. In January 2023, CEMEX S.A.B. de C.V. launched a range of bio-sourced admixtures to reduce the carbon footprint of concrete by up to 70% compared to oil-based alternatives. These products, including concrete plasticizers, superplasticizers, and grinding aids, use renewable, locally sourced materials and are part of CEMEX's Vertua sustainable building solutions, expected to be rolled out in Europe.
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Global Polycarboxylate Ether Market Segmentation
The polycarboxylate ether market covered in this report is segmented –
1) By Product Type: Solid, Liquid
2) By Monomer Type: Isobutenyl Polyoxyethylene Ether (HPEG), Isopentenyl Polyoxyethylene Ether (TPEG), Methoxy Polyethylene Glycol Ether (MPEG), Allyl Polyethylene Glycol Ether (APEG), Other Monomaer Types
3) By Polymerization Degree: Low Degree Of Polymerization, Medium Degree Of Polymerization, High Degree Of Polymerization
4) By Application: Concrete Admixtures, Dispersion Agents, Stabilization Of Suspensions, Oil Gas Drilling, Paints And Coatings
5) By End-Use Industries: Residential Buildings, Non-Residential Buildings, Infrastructure
By Geography:The regions covered in the polycarboxylate ether market report areAustralia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the polycarboxylate ether (PCE) market in 2023.
The Polycarboxylate Ether Global Market Report 2024 furnishes information about the global polycarboxylate ether market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
