Water reducing agent: the main chemical in the cement industry, the industry chain leader to accelerate the concentration

Since 2020, the national policy on new infrastructure to take a strong stimulus, rail transit, subway, nuclear power plants, ports and other construction with high-performance water reducing agent demand will be guaranteed, high-end water reducing agent prices are difficult to fall, coupled with the current low oil prices are likely to continue will be a long time, rigid demand for high-end water reducing agent prices are difficult to fall, the industry's profitability is guaranteed for the long term. # cement
　　Water reducing agent is a kind of concrete admixture that can reduce the amount of mixing water under the condition of maintaining the concrete slump basically unchanged.
　　High-performance water reducing agent and high-efficiency water reducing agent are compounded from its mother liquor, the raw materials of its mother liquor are polyether monomer and industrial naphthalene, of which polyether monomer also requires ethylene oxide for further synthesis. Technical naphthalene is produced from coal chemical products, and there are three methods of producing ethylene oxide, including petrochemical, coal chemical and alcohol method routes.
　　Due to energy saving and environmental protection factors, since 2011, polycarboxylic acid water reducing agent has rapidly replaced naphthalene water reducing agent as the mainstream water reducing agent, and the current production of polycarboxylic acid water reducing agent has accounted for nearly 80%.
　　The two main production processes of water reducing agent chemical synthesis and physical compounding have certain technical barriers.
　　Chemical synthesis involves polymerization technology in the field of polymer chemistry, in the development and production of products, both require relatively professional personnel, and requires long-term technical experience and industrial scale production experience.
　　The compounded water reducing agent is mainly used in ready-mixed concrete, which is used in the construction of infrastructure and real estate.
　　In addition, due to the vast territory of China, a variety of cement varieties, sand and gravel aggregate quality and climate environment vary greatly, the physical compounding process requires water reducing agent manufacturers to have strong customization service and on-site technical service capabilities.
　　Domestic concrete admixture product structure.
　　From the water reducing agent industry chain, the upstream is petroleum and coal chemical enterprises, and the downstream is construction and real estate enterprises.
　　Split downstream demand, water reducing agent market can be divided into civil field and engineering field according to customers, where civil terminal demand is mainly real estate, a higher degree of standardization, the technical threshold is low; engineering field is mainly key infrastructure projects, according to project specifications, customer demand customized production, such products usually enjoy a certain technical service premium.
　　Water reducing agent industry chain.
　　From the perspective of the market competition pattern, the domestic concrete water reducing agent enterprises are more fragmented, the industry concentration accelerated.
　　The demand for high-performance water reducing agent increased, water reducing agent industry entry threshold is not high, the concentration of domestic enterprises is not high. At the same time, the domestic environmental protection requirements of high-end products increased demand.
　　Water reducing agent main enterprises have JINDUN CHEMICAL.
　　With the large infrastructure demand for high-performance water reducing agent increases, the industry has the scale advantage and technical barriers of the leading enterprises will enjoy industry dividends and further expand market share.