China Naphthalene and PCE based Admixtures Market to Grow with a CAGR of 5.55% through 2028
Surge in research and development activities is expected to drive the China
Naphthalene and PCE based Admixtures Market growth in the forecast period,
2024-2028
According to TechSci Research report, “China
Naphthalene and PCE based Admixtures Market– By Region, Competition, Forecast
and Opportunities, 2018-2028F”, the China Naphthalene and PCE based
Admixtures Market stood at USD 1788.85 million in 2022 and is anticipated to grow
with a CAGR of 5.55% in the forecast period, 2023-2028. The initiatives taken
by government based on naphthalene and PCE based admixtures has led to
favorable market conditions for the China Naphthalene and PCE based Admixtures
Market. Several factors contribute to the growth of various naphthalene and PCE
based admixtures market products.
One such
significant initiative that is gaining traction is the focus on reducing
packaging and food waste. This not only contributes to environmental
sustainability but also has a positive impact on the naphthalene and PCE-based
admixtures market. These admixtures are becoming increasingly popular due to their
cost-effectiveness and waste-lowering properties, making them an attractive
choice for various industries.
Another major
initiative that is worth mentioning is the emphasis on infrastructure
development in China. The Chinese government has made substantial commitments
to numerous infrastructural projects, including Vision 2030 and the Belt &
Road Initiative (B&RI). These ambitious projects aim to improve
connectivity and promote economic growth. As a result, the demand for
naphthalene and PCE-based admixtures is expected to soar, as they are essential
components in the construction industry.
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Innovation,
driven by rigorous research and development (R&D), is playing a pivotal and
indispensable role in shaping the future of the naphthalene and PCE-based
admixtures market. Through dedicated R&D initiatives, the construction
industry has witnessed the creation of cutting-edge admixtures that exhibit
superior quality and offer enhanced performance characteristics. These
innovative solutions are increasingly sought after by the construction sector,
which demands advanced materials to meet the evolving needs of modern infrastructure
projects. The continuous pursuit of R&D advancements ensures that the
naphthalene and PCE-based admixtures market remains at the forefront of
innovation, driving progress and excellence in the construction industry.
The China
Naphthalene and PCE based Admixtures Market is segmented in type, application, regional
distribution, and company.
Based on its type, the polycarboxylate ether segment held
the largest share in the market. Innovation in the production of
Polycarboxylate Ether (PCE) also contributes significantly to its performance.
For instance, the incorporation of acrylamide groups into the main chain of PCE
has been found to enhance the initial dispersion of PCE molecules and
effectively decrease the plastic viscosity. This improvement in dispersion and
viscosity reduction positively impacts the overall fluidity and workability of
PCE-based systems, making them more efficient and user-friendly in various
applications.
Based on region, South Central segment is expected to
grow during the forecast period.
The region's strategic location in South Central China
plays a crucial role in its dominance. Situated at a central position, it
enjoys convenient access to abundant raw materials and wide-ranging markets. This
advantageous geographical position not only facilitates the efficient
production and distribution of naphthalene and PCE based admixtures but also
enables seamless connectivity and trade networks, further enhancing the
region's economic prowess.
Major companies operating in China Naphthalene and PCE
based Admixtures Market are:
- BASF Construction Chemicals
(Sichuan) Co., Ltd.
- SIKA (China) Ltd.
- MUHU (China) Construction
Materials Co., Ltd.
- Grace China, Ltd.
- Henan Aosida Chemicals Co.,
Ltd.
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“Growing application of naphthalene and PCE based admixtures
in various end user industries are key drivers of the naphthalene and PCE based
admixtures market. Growth in competitive landscape and presence of
well-established companies in the market who are dedicated to enhance their
productivity of naphthalene and PCE based admixtures with every passing year
are anticipated to register an impressive growth to China Naphthalene and PCE
based Admixtures Market in the forecast period.,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“China Naphthalene
and PCE based Admixtures Market By Type (Polycarboxylate Ether, Sulphonated
Naphthalene Formaldehyde (SNF), and Sulphonated Melamine Formaldehyde (SMF)), By
Application (Naphthalenesulfonic Acids, Phthalic Anhydride, Laboratory Uses), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of China Naphthalene and PCE based Admixtures
Market and provides statistics & information on market size, structure, and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in China Naphthalene and PCE
based Admixtures Market.
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