April 26, 2022
According to the research report titled ‘Concrete Surface Treatment Chemicals Market Size By Product (Curing Compounds, Mold Release Agents, Sealants), By End-user (Residential, Commercial, Industrial, Municipal), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025,’ available with MarketStudyReport, global concrete surface treatment chemicals market is estimated to amass a valuation of USD 15 billion by the year 2025.
Rising population, increasing demand for construction chemicals given the rapid urbanization, and the proliferation of construction industry are parameters driving the expansion of worldwide concrete surface treatment chemicals market.
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Additionally, huge influx of investments by both public and private sectors, robust government initiatives to improve connectivity, and supportive regulatory norms are further accelerating the development of business sphere.
However, concerns about raw materials causing harm to the environment is likely to pose a major challenge to the progress of market during the forecast period.
In terms of type, the curing compounds segment is estimated to record 6% CAGR during the analysis period, due to its ability to provide protection against solar heat, accurate curing, and reduced water loss capabilities.
Based on end-users, the municipal vertical accounted for 1/5th revenue share of the global concrete surface treatment chemicals industry in 2018 and is reckoned to expand at 6% CAGR during the stipulated timeline, owing to the continuous developments of roads, civil structures, and bridges with emerging construction sector.
Concerning geographical terrain, Asia pacific market held a 50% revenue share in 2018 and is poised to log colossal growth during the assessment timeframe, attributed to the dense presence of manufacturers in the region, high production capabilities, and soaring demand from countries like Japan, South Korea, and China.
The established names in worldwide concrete surface treatment chemicals market are Chembond Chemicals Ltd., BASF SE, Brenntag AG, The 3M Company, The Euclid Chemical Company, Lion Specialty Chemicals Co. Ltd., DuPont de Nemours Inc., Henkel Corporation, Wacker Chemie AG, Sika AG, Croda International plc, Fosroc, Arkema S.A., Laticrete International Inc., and AkzoNobel Chemicals AG among others.