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 withan exponential CAGR rate of 4.85% in the forecast period, 2024-2028.
The Important Factors of Global Naphthalene and PCE Based Admixtures Market
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 the 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 the 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.
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The global naphthalene and PCE based admixtures market are segmented based on type and application.
Based on type, the market is divided into polycarboxylate ether (PCE), sulfonated naphthalene formaldehyde (SNF), and sulfonated melamine formaldehyde (SMF). PCE based admixtures dominated the market in 2022 and will continue to dominate 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 the 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 the global naphthalene and PCE-based admixtures market.”
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