PUBLISHER: Verified Market Research | PRODUCT CODE: 1623047
PUBLISHER: Verified Market Research | PRODUCT CODE: 1623047
Precast Concrete Release Agents Market size is valued at USD 409.07 Million in 2021 and is forecasted to reach USD 736.07 Million by 2030, registering a CAGR of 7.59% from 2023 to 2030.
Rapid urbanization leads to a large number of new construction projects which helps to boom the market. It can be seen that high investments in infrastructure for various pertaining industries are accounting for growth prospects in the precast concrete market.
he Global Precast Concrete Release Agents Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
A release agent can be defined as a chemical used to avoid other materials from bonding to surfaces. Such agents are used to provide a solution in various processes such as involving die-cast release, plastic release, mold release, adhesive release, etc. Release agents can be used for various applications such as concrete, food processing, pharmaceuticals, etc. The concrete release agents prevent the adhesion of newly placed concrete to the forming surface such as plywood, steel, etc.
These release agents can be used in the precast concrete industry as well. Release agents are specifically designed to provide a rapid surface finish and seal the voids and precast element joints. Precast Concrete Release agents offer various benefits such as high density & durability, greater resistance to chemical attack, etc. The precast concrete release agents can be further classified as barrier release agents and reactive release agents. Barrier release agents can be described as a form of physical barrier between the mold and concrete while reactive release agents create soapy films on reaction with the concrete and prevent adhesion to the mold. Common examples of barrier-release agents are diesel oil, paraffin wax, and motor oil. They are widely used in the market as they are readily available and inexpensive. As the industry is evolving towards greener technologies, water-based formulations are also being used as they come with various environmental benefits. The precast concrete release agents can be applied using various techniques such as spraying, swabbing & painting, wiping, and dipping.
Global Precast Concrete Release Agents Market Overview
Rapid urbanization leads to a large number of new construction projects which helps to boom the market. However, the equipoise of the argumentative side-effects of releasing agents on the material goods of cementitious materials by way of nano-particles is a restraining factor for the Global Precast Concrete Release Agents Market. Moreover, the growing scope of water-based release agents is an opportunity for the barge logistics transport market.
The growth witnessed in the construction industry due to an increased number of infrastructure transformation projects across the globe owing to urbanization has placed a huge demand for precast concrete, thereby driving the market positively. It can be seen that the degree of urbanization in various parts of the globe is significantly growing in the global market. It can be seen that high investments in infrastructure for various pertaining industries are accounting for growth prospects in the precast concrete market.
The Global Precast Concrete Release Agents Market is segmented on the basis of Type, and Geography.
Based on Type, the market is bifurcated into Reactive Release Agent and Barrier Release Agent. Reactive Release Agent accounted for the largest market share of 74.70%% in 2021, with a market value of USD 305.58 Million, and is projected to grow at the highest CAGR of 7.97% during the forecast period. Barrier Release Agent was the second-largest market in 2021, valued at USD 103.49 Million in 2021; it is projected to grow at a CAGR of 6.37%.