Polycarboxylate Ether (PCE) Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI2003
Polycarboxylate Ether Market size is anticipated to growth in next seven years owing to its wide usage in construction industry. It is blended in construction material to produce ultra- high strength concrete. It is a chemical mixture that reduces water demand of concrete at comparable workability. Addition to concrete provides reduction of water to cement ratio without affecting mixture performance and enables production of self-consolidating and high-performance concrete.
Increasing construction activities at a rapid pace with rising infrastructure development is boosting polycarboxylate ether market. Construction industry will grow over 6% in next five years as rising urbanization is increasing the infrastructure demand. Building’s construction material needs to be strong for longer shelf life, that is provided by the ether to concrete.
Cement industry is growing at over 9% in forecast time frame. Being main component in concrete the product demand will significantly rise. Structures are made up of various building material to give them desired strength and appearance. Easy availability and usage of the element is accelerating its demand in cement industry and simultaneously boosting polycarboxylate ether market.
Extensive soap usage for health and hygiene has positively influenced polycarboxylate ether market. It is used as additives in soap that creates bubbles and repel each other without coalesce, it is a phenomenon that can be seen during its usage for washing hands. Growing demand for soaps, hand washes for health and hygiene will boost component demand in the forecast time period.
Residential construction activities are growing with increasing population, that is rising the need for cement and concrete for construction. Component has the ability to be used as an agent to provide strength to buildings for durability. Rising construction of residential buildings is expected to boost polycarboxylate ether market.
Need for commercial buildings including offices, hotels, restaurants, malls, and stores are elevating. These structures are made of strong and durable concrete that has application of the component. Rising need for commercial activities is anticipated to propel polycarboxylate ether market.
However, the product has certain harmful effects on human body that can restrict polycarboxylate ether market. Its inhalation, ingestion, skin and eye contact can cause various issues that include irritation in respiratory system, cramps, vomiting, diarrhea, nausea, severe skin and eye irritation. Ill effects of component can hinder its growth in the industry.
Various products in polycarboxylate ether market are liquid 20%-30%, solid 40%-50% and powder 70%-80%. Applications bifurcation includes soap, medicines, and concrete. Construction, personal care and pharmaceuticals are end user industry of the market.
Asia Pacific led by India, Japan and China are most populous countries. Increasing population boosts need for commercial and residential infrastructure. The chemical is used in construction material to provide longevity to buildings. Rising population in these countries will positively impact growth for the region.
The U.S. will significantly contribute in polycarboxylate ether market growth. The country is expected to spend over USD 30 trillion on construction activities in next 14 years. It is amongst most developed economy of the world. Ether is used in construction material at over 30%. Growing economy of the country will bolster North American polycarboxylate ether market in the forecast time period.
Germany will contribute substantially in polycarboxylate ether market. The country is largest producer of chemical products. The product is a chemical component that is used as an additive in concrete for constructing buildings. Positive outlook of chemical production in the country will enhance product growth in Europe.
Prominent manufacturers in polycarboxylate ether market are BASF, Chembond Chemicals Ltd., Sika, Ruia Chemicals, Arkema, Rossari Biotech, Kashyap Industries, Choksey Pvt Ltd., Sakshi Chem Sciences Private Ltd. and Coatex. BASF acquired Chemtall in 2016. By combining two global leaders, companies will accelerate innovation and fulfill customer demand efficiently. Acquisition will allow the company to expand its global footprint as well as product portfolio.
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