Naphthalene and PCE Based Admixtures Market to grow at CAGR of 4.85% to reach USD 20,436.03 million by 2028
Growing demand from infrastructure
and real state sectors to drive the demand for the global naphthalene and PCE
based admixtures market in the forecast period, 2024-2028.
According to TechSci Research report, “Naphthalene and PCE Based Admixtures Market- By
Region, Competition Forecast and Opportunities, 2018-2028”, The global naphthalene and PCE based admixtures market
is projected to reach USD
20,436.03 million with an exponential CAGR rate of 4.85% in
the forecast period, 2024-2028. Increasing demand from the end-user industries
and the growing trend towards sustainable development is the primary factor
affecting the market's share of naphthalene and PCE-based admixtures. Due to
their cost-effectiveness and water-saving properties, admixtures are the best
alternatives to the conventional method. Fluctuation of raw material prices,
scarcity of skilled labor, and lack of awareness among users may restrain
growth of the market.
The emphasis on
decreasing packaging and food waste will further boost the market for
naphthalene and PCE-based admixtures since it is cost-effective and lowers
waste by enhancing product shelf life. Ongoing and upcoming government infra
projects like vision 2030, B&RO, Neom city, and hydro projects are expected
to propel the demand for naphthalene and PCE-based admixtures. Moreover, the
escalating demand for cost-effective, sustainable, and innovative naphthalene
and PCE-based admixtures by the end-user is driving market growth. Because of
recent technological advancements, digital printing has become a robust
printing method used in recent years, leading to increasing demand for a
related application. All these factors led to increased demand for the global
naphthalene and PCE-based admixtures market.
Browse over 114 market
data Figures spread through 197 Pages and an in-depth TOC on "Naphthalene and PCE Based Admixtures market"
The global naphthalene and
PCE based admixtures market is segmented based on type and application.
Based on type, the market is
divided into polycarboxylate ether (PCE), sulphonated naphthalene formaldehyde
(SNF), and sulphonated melamine formaldehyde (SMF). PCE based admixtures
dominated the market in 2022 and will continue dominance during the forecast
period. The segment is also expected to register the highest growth of around
5.08% during the forecast period. This can be attributed to the widespread use
of PCE Based Admixtures in ready-mixed concrete, grouting, and mortar.
Based on application, the
market is divided into naphthalene sulfonic acids, phthalic anhydride, and
laboratory uses. The Naphthalene Sulfonic Acids segment dominated the market in
2022 and will maintain its dominance during the forecast period. This can be
ascribed to the growing applications of naphthalene sulfonic acids in various
applications such as oil and gas, construction materials, textiles, etc.
Major companies operating
in global naphthalene and PCE based admixtures market are:
- BASF SE
- General Resource Technology, Inc.
- Sika AG
- W. R. Grace & Company
- Horizon Admixtures Co., Ltd.
- Henan Aosida Chemicals Co., Ltd.
- Himadri Specialty Chemical Ltd.
- Shandong Wanshan Chemical Co., Ltd.
- Wuhan Xinyingda Chemicals Co., Ltd
- Beijing Jiankai Concrete Admixture Co.,Ltd.
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"The Asia- Pacific region is expected to dominate the global
naphthalene and PCE-based admixtures market in the coming years owing to its
increasing construction activities, growing economies, and innovative
technologies. The presence of massive consumers in the region led to demand for
different infrastructure projects, such as hydropower projects, high-rise
buildings, and roads are some of the reasons driving the market growth in the
region. Countries such as China, India, Australia, and South Korea have seen
significant increases in consumption due to growing infra-activities and have
been major contributors to the expansion of the naphthalene and PCE-based
admixtures market in the regional market.
Growing demand from the end-user
industries and the increasing trend towards sustainable printing are the primes
to propel the growth of the Naphthalene and PCE Based Admixtures market.
Additionally, the growing application for various activities like print
quality, shape stability, and printability window in a performance-based
laboratory testing of cementitious mixes for the construction-scale 3D printing
market. Furthermore, Government initiatives for ware conservation such as smart
water management are vital factors for propelling the market share and creating
favorable conditions to drive the global naphthalene and PCE-based admixtures
market growth till 2028." said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Global Naphthalene and
PCE Based Admixtures Market- Global Industry Size, Share, Trends, Opportunity,
and Forecast, 2017-2027, Segmented By Type
(Polycarboxylate Ether, Sulphonated Naphthalene Formaldehyde (SNF), Sulphonated
Melamine Formaldehyde (SMF)), By Application (Naphthalene sulfonic acids,
Phthalic Anhydride, Laboratory Uses), By Company, By
Region, Competition Forecast and Opportunities, 2027, has evaluated the future growth
potential of global 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 global naphthalene and PCE based admixtures market.”
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