As per Future Market Insights, the Plaster Accelerator market is anticipated to attain a value pool of US$ 270 Million by 2023-end. Global demand for Plaster Accelerator is expected to rise at a CAGR of 6.4% to US$ 500 Million in 2033.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 270 Million |
| Projected Market Value in 2033 | US$ 500 Million |
| Growth Rate (2023 to 2033) | 6.4% CAGR |
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Major factors driving the market are increasing demand from residential & commercial construction, and infrastructure segment.
However, high product cost and unfavourable conditions arising due to the COVID-19 outbreak are the major factors hindering the growth of the market in the terms of production.
Plaster accelerators find significant end use in construction sector. These are specialty construction chemicals which are mixed with plaster powder. These accelerators help in quick setting or hardening of plaster. Rapid growing construction industry requires such chemicals. One of the major benefits of using these chemicals its saves time which can be utilised in other activities and speed up the setting time of plaster.
Time saving and cost saving chemicals are in demand as it adds extra benefits to segment. Population, economy, infrastructure are the major driving factors for this market. The non-residential sectors include airports, railway stations etc which requires strong and quick solutions like these accelerators.
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Plaster accelerators are special chemicals which can be added to any plasters to speed up the setting time. In the majority cases fast hardening of plasters is required and for that purpose these chemicals are used.
There are certain scenarios - like high-speed production line castings, slush moulding applications and very small minute-piece castings. It is a granular chemical which can be mixed with the gauging water before adding to plaster powder. It is a special chemical additive which is being used with finishing plaster.
The special additive speeds up the curing process of the plaster. These helps in speeding up the chemical crystal formation that causes plaster to set or harden in short time of period rather than the normal setting period. Therefore, it is recommended for shortening the setting time of finishing plaster. The market is growing as this is extensively used in construction industry and given the growth in urban construction, its demand is set to prosper in the upcoming decade.
The growth of the economies across the APAC region has increased the demand for residential as well as construction sector which has propelled the demand for plaster accelerator. The widespread use of accelerator as a chemical in the construction process stimulated the growth of the market.
India, China and other countries are focusing on superior infrastructure and construction segment as it attracts the foreign investments which will eventually end up in growth of the overall sector and will open the new opportunities for this market. Asia dominates the market as there is increasing demand for construction of residences, offices airports, roads and other infrastructure. India, China, ASEAN nations are the major countries of APAC region owing to the growing infrastructure needs in the region.
Increasing demand from construction and infrastructure activities in Europe is expected to drive demand for plaster accelerators and building plaster. There is a significant increase has been observed in the repair and maintenance of residential building in the Europe which is expected to drive demand for accelerators.
Infrastructure is something which comes up with new concepts and plays a major role in tourism which eventually contributes to the growth of any nation. Thus, boom in construction and infrastructure will increase the demand of accelerators.
The plaster accelerator market is diverse. Some of the key companies in the market include
These are some key manufactures which contributes the major part to the market and drives the demand in market.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Application 6.2. Application 7. Global Market Analysis and Forecast, By Application 7.1. Gypsum Plaster 7.2. Non Gypsum Plaster 8. Global Market Analysis and Forecast, By End-Use Industry 8.1. Residential 8.2. Commercial 8.3. Industrial 8.4. Infrastructure 9. Global Market Analysis and Forecast, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. East Asia 9.5. South Asia 9.6. Middle East and Africa 10. North America Sales Analysis and Forecast, by Key Segments and Countries 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries 12. Europe Sales Analysis and Forecast, by Key Segments and Countries 13. East Asia Sales Analysis and Forecast, by Key Segments and Countries 14. South Asia Sales Analysis and Forecast, by Key Segments and Countries 15. Middle East and Africa Sales Analysis and Forecast, by Key Segments and Countries 16. Sales Forecast by Application and End-Use Industry for 30 Countries 17. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 18. Company Profile 18.1. Qingdao Yuyin Chemicals Co Ltd 18.2. Kalyan Industries 18.3. Vijaya Building Materials 18.4. Calder Industrial Materials Ltd 18.5. Manningham Concrete 18.6. USG Corporation 18.7. Shanghai Landytop Gypsum Machinery Co Ltd 18.8. Egger 18.9. Eazymix 18.10. Gyprock 18.11. CEMEX Group and Fibrehand Plaster Suppliers Ltd.
Chemicals & Materials
February 2023
REP-GB-167
325 pages
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Plaster Accelerator Market
