SEATTLE, July 23, 2018 (GLOBE NEWSWIRE) -- The global polycarboxylate ether market was valued at US$ 7,428.4 Million in 2017 and is projected to exhibit a CAGR of 10.5% over the forecast period (2018–2025).
Key Trends and Analysis in the Polycarboxylate Ether Market:
Increasing demand for polycarboxylate ether from construction industries is a major factor driving growth of the global polycarboxylate ether market. Infrastructure activities, residential and non-residential constructions are rising globally. For instance, According to a post by Indian Chemical Council on Opportunities in the Middle East’s Chemical Industry posted in February 2015, an estimated US $4.3 trillion is tipped to be spent in the Middle East and North Africa (MENA) up to 2020, across various mega projects. Fueled by these projects, the demand growth for construction chemicals and materials, which include paints and coatings, concrete admixtures, waterproofing compounds, flooring compounds, and adhesives and sealants, etc. is expected to be ahead of the regional GDP growth up to 2020.
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Key Market Takeaways:
- The market is expected to exhibit a CAGR of 10.5 % during the forecast period (2018–2025), owing to increasing demand for polycarboxylate ether due to its beneficial properties and growing construction industry
- Asia Pacific exhibited significant growth in the polycarboxylate ether market in 2017 and is expected to retain this trend over the forecast period. This is attributed to increasing government infrastructure initiatives and development programs.
- Among product type, liquid segment accounted for the largest revenue share of 57.4% in the global polycarboxylate ether market in 2017
- Key players operating in the global polycarboxylate ether market include Sika AG, BASF SE, Abadgaran Group, Arkema SA, Mapei S.P.A., Sakshi Chem Sciences Private Ltd., and Fosroc International Limited.
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