PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1606475
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1606475
The market for Concrete Surface Treatment Chemical was projected to reach USD 10,251.53 million in 2023 and expand at a CAGR of 8.20% between 2024 - 2032.
Water retention, long-term setting, high reflectivity, rapid drying time, and the inclusion of non-volatile matter are some of the qualities that make concrete curing compounds useful in concrete constructions. These compounds find widespread use in the building of concrete pavements, runways, bridges, canal linings, and dams. Concrete moisture-curing adhesives are the most widely utilized chemical substances for moisture absorption. Growing urbanization, population growth, and the need for different concrete surface treatment chemicals are the main factors propelling the market for these chemicals. Additionally, the usage of construction chemicals to enhance the performance of structures, the convenience of installation, and the increased demand for these chemicals all contribute to the market expansion for concrete surface treatment chemicals.
Concrete Surface Treatment Chemical Market- Market Dynamics
Rising Application of Concrete Surface Treatment Chemicals
The industry is expanding due in large part to the growing demand for concrete curing chemicals. Concrete curing additives aid in maintaining the concrete's moisture content. These curing chemicals increase concrete's strength. Due to its qualities, which include water retention, high reflectivity, rapid drying time, long-term setting, and the inclusion of non-volatile matter, concrete curing compounds are favored in concrete constructions. Bridges, concrete pavements, runways, dams, and canal linings are all made with these compounds. Additionally, one kind of concrete curing chemical is moisture-curing adhesives. These chemical substances are employed to help the concrete absorb moisture. Concrete-curing compounds will be in high demand throughout the projection period due to the increased demand for moisture-curing adhesives, which will boost market expansion.
Concrete Surface Treatment Chemical Market- Key Insights
According to our research analyst's analysis, the global market is projected to expand at a CAGR of approximately 8.20% during the forecast period of 2024-2032.
The mold release agents category was predicted to hold the largest market share in 2023 based on product type.
The commercial category was predicted to hold the largest market share in 2023 based on end-user.
North America held the largest revenue share by region in 2023.
The Global Concrete Surface Treatment Chemical Market is segmented into Product Type, End-user, and Region.
On the basis of product type, the market is divided into Curing compounds, Sealants, Mold release agents, and Others. In 2023, mold release agents accounted for the greatest portion of the global market. Mold release chemicals aid in preventing newly laid cement from sticking to a developing surface. The environmental advantages of water-based mold release agents will make them more significant in the years to come. Additional uses for mold release agents include reducing the likelihood of blowholes, improving surface quality, and reducing cement water loss.
Based on end-user, the market is segmented into Residential, Industrial, Commercial, and Municipal. Because commercial end users, including office buildings, retail establishments, hospitals, and institutions, use the product extensively to repair and maintain the quality of the concrete, the commercial segment is anticipated to continue to be the primary driver of market. On the other hand, the market for concrete surface treatment chemicals was dominated by the municipal end-user group. In this end-user market, curing chemicals are widely utilized to give surfaces exposed to sunlight the ability to retain water. Bridges, roads, and other civil structures are included in municipal construction.
Concrete Surface Treatment Chemical Market- Geographical Insights
The Concrete Surface Treatment Chemical market is widely distributed geographically in North America, Latin America, Europe, Asia Pacific, the Middle East and Africa. These areas are further separated based on the countries that provide business.
North America is a major market for concrete surface treatment chemicals because of its developed construction sector and emphasis on long-lasting, high-quality surface treatments. Significant building projects, including infrastructure, commercial, and residential ones, are being undertaken in the US and Canada, which raises demand for concrete surface treatment chemicals. Furthermore, the growing focus on sustainability and environmentally friendly products is consistent with regional market trends. A robust distribution network and the existence of well-established manufacturers contribute to the market's expansion in North America.
The market for concrete surface treatment chemicals is expanding quickly in the Asia-Pacific area due to rising construction activity, infrastructure expansion, and urbanization. The market is largely driven by nations like China, India, and Japan, with an emphasis on developing their commercial, industrial, and residential infrastructure. Market expansion is bolstered by rising markets' increasing need for long-lasting, superior concrete surfaces. Furthermore, the region's growing use of cutting-edge building materials and technologies opens up new markets for concrete surface treatment chemicals.
Key competitors are vying for market share in the fiercely competitive global concrete surface treatment chemicals industry. Leading companies in the field, like BASF SE, Sika Group, 3M, Fosroc, Inc., Akzo Nobel N.V., Dow, and others, prioritize innovation to provide cutting-edge solutions that improve the performance, durability, and aesthetics of concrete. Technological developments, sustainable practices, and product diversification all affect market dynamics. In order to stay competitive in this changing market, businesses are pursuing ongoing research and development as well as strategic alliances, as construction projects place a higher priority on sustainability and longevity.