Market Overview:
The global shrinkage reducing agents market is estimated to be valued at US$ 1,362.8 Mn in 2018 and is projected to register a CAGR of 5.1% over the forecast period (2018–2030), according to a new study by Transparency Market Research (TMR). The market is expected to be valued at US$ 2,023.5 Mn by 2030 end. In terms of volume, the global shrinkage reducing agents market stood at 906 kilo tons in 2017 and is anticipated to reach 1,512 kilo tons by 2030, expanding at a CAGR of 5.4% during the forecast period. Region-wise, North America accounted for largest revenue share of the global shrinking reduction agent market followed by Europe and Asia Pacific respectively in 2017 .
Product Definition:
Shrinkage reducing agents refers to a variety of chemicals and materials that are used to minimize the size change of a material or product during drying, cooling, or other manufacturing processes. These agents can be added to the material itself or applied as a coating. They are important because they help reduce waste and improve overall efficiency in production.
Liquid:
Liquid is a polymer-based compound, which is extensively used as a shrinkage reducing agent in the packaging industry. It helps to reduce the volume of liquid in packages and henceforth reduces the overall weight of shipment. The shrinking agents are mixed with polymers or monomers during manufacturing process and hence they have better compatibility with plasticizers, fillers, or extenders present in different types of liquids.
Powder:
Powder is a dry solid material that is made up of organic compounds and inorganic compounds. Inorganic compound powders are used for manufacturing various products such as adhesives, sealants, coatings, and elastomers. Organic compound powder is used in the production of hot melt adhesives and cold melt adhesives.
Application Insights:
The concrete products segment accounted for the largest revenue share in 2016 and is anticipated to continue its dominance over the forecast period. The growth of this application can be attributed to increasing construction activities in emerging economies such as China, India, and Brazil. In addition, growing urbanization & industrialization leading to an increase in infrastructure spending is expected to drive shrinkage reducing agents market demand over the forecast period.
Prefabricated concrete was one of the fastest-growing segments owing to technological advancements that have led towards ease of use with reduced installation time and cost involved. Moreover, rising R&D initiatives by major players for developing low-cost materials & processes are likely to propel industry growth over the coming years.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global population, which acts as a high potential consumer for construction products. Moreover, rapid industrialization coupled with infrastructure development drives demand from countries such as China and India are likely to boost industry growth in Asia Pacific.
The industry in Europe is anticipated to grow at an estimated CAGR of XX% over the forecast period owing to increasing investments from governments across various regions coupled with rising disposable income among consumers especially millennials will drive demand for construction products eventually driving SHRA market growth over this region during the same period.
Growth Factors:
- Increasing demand for shrinkage reducing agents from the packaging industry as a result of the growth in the food and beverage sector.
- Rising awareness about the benefits of using shrinkage reducing agents among consumers, which is expected to boost demand for these products over the forecast period.
- Growing popularity of ready-to-eat and processed foods, which is anticipated to fuel demand for shrinkage reducing agents in order to maintain product quality and freshness.
- Technological advancements in production processes that are likely to lead to increased adoption of shrinkage reducing agents across various industries over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Shrinkage Reducing Agents Market Research Report
By Type
Liquid, Powder
By Application
Prefabricated Concrete, Concrete Products, Concrete Screeds, Other
By Companies
Evonik, TOHO Chemical Industry, Taiheiyo Materials, Sika Group, Aezis, NOF America, Belith, GCP Applied Technologies, MasterLife
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Shrinkage Reducing Agents Market Report Segments:
The global Shrinkage Reducing Agents market is segmented on the basis of:
Types
Liquid, Powder
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Prefabricated Concrete, Concrete Products, Concrete Screeds, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Evonik
- TOHO Chemical Industry
- Taiheiyo Materials
- Sika Group
- Aezis
- NOF America
- Belith
- GCP Applied Technologies
- MasterLife
Highlights of The Shrinkage Reducing Agents Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Liquid
- Powder
- By Application:
- Prefabricated Concrete
- Concrete Products
- Concrete Screeds
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Shrinkage Reducing Agents Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Shrinkage reducing agents are chemicals that reduce the size of a material when it is heated. This can be useful in manufacturing processes where small pieces of material need to be formed into larger ones.
Some of the major players in the shrinkage reducing agents market are Evonik, TOHO Chemical Industry, Taiheiyo Materials, Sika Group, Aezis, NOF America, Belith, GCP Applied Technologies, MasterLife.
The shrinkage reducing agents market is expected to grow at a compound annual growth rate of 5.1%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Shrinkage Reducing Agents Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Shrinkage Reducing Agents Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Shrinkage Reducing Agents Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Shrinkage Reducing Agents Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Shrinkage Reducing Agents Market Size & Forecast, 2020-2028
4.5.1 Shrinkage Reducing Agents Market Size and Y-o-Y Growth
4.5.2 Shrinkage Reducing Agents Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Liquid
5.2.2 Powder
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Prefabricated Concrete
6.2.2 Concrete Products
6.2.3 Concrete Screeds
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Shrinkage Reducing Agents Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Shrinkage Reducing Agents Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Liquid
9.6.2 Powder
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Prefabricated Concrete
9.10.2 Concrete Products
9.10.3 Concrete Screeds
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Liquid
10.6.2 Powder
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Prefabricated Concrete
10.10.2 Concrete Products
10.10.3 Concrete Screeds
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Liquid
11.6.2 Powder
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Prefabricated Concrete
11.10.2 Concrete Products
11.10.3 Concrete Screeds
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Liquid
12.6.2 Powder
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Prefabricated Concrete
12.10.2 Concrete Products
12.10.3 Concrete Screeds
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Liquid
13.6.2 Powder
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Prefabricated Concrete
13.10.2 Concrete Products
13.10.3 Concrete Screeds
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Shrinkage Reducing Agents Market: Competitive Dashboard
14.2 Global Shrinkage Reducing Agents Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Evonik
14.3.2 TOHO Chemical Industry
14.3.3 Taiheiyo Materials
14.3.4 Sika Group
14.3.5 Aezis
14.3.6 NOF America
14.3.7 Belith
14.3.8 GCP Applied Technologies
14.3.9 MasterLife
