According to latest research conducted on plaster accelerator market, it is expected to register a CAGR of over 6-7% during the forecast period 2021-2031. 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.
What is Driving Demand for Plaster Accelerator?
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.
Demand & Role of Plaster Accelerator:
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.
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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.
Asia Pacific Demand Market Outlook for Plaster Accelerator:
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.
Europe Demand Outlook for Plaster Accelerator:
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.
Who are the Key Manufacturers and Suppliers of Plaster Accelerator?
The plaster accelerator market is diverse. Some of the key companies in the market include
- Qingdao Yuyin Chemicals Co Ltd
- Kalyan Industries
- Vijaya Building materials
- Calder Industrial Materials Ltd
- Manningham Concrete
- USG corporation
- Shanghai Landytop Gypsum Machinery Co ltd
- CEMEX group and Fibrehand plaster suppliers Ltd.
These are some key manufactures which contributes the major part to the market and drives the demand in market.
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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.
- Gypsum Plaster
- Non Gypsum Plaster
Plaster Accelerator Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.