The report on the Concrete Surface Treatment Chemicals Market has been launched by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2022-2028. The report also offers insights into different market segments and other factors affecting the market.
Report Forecast:
The concrete surface treatment chemicals market was estimated to grow from US$ 7.67 billion in 2021 to reach US$ 13.31 billion by 2028 at a CAGR of 8.1% during the forecast period.
Concrete treatment chemicals are also called concrete curing compounds. Because of their properties such as water retention, long-term setting, high reflectance, short drying time, and presence of non-volatile matter, concrete curing compounds are used in concrete structures. These compounds are widely used in bridge construction, canal linings, concrete pavements, runways, and dams. Moisture curing adhesives are the most common chemical compounds used to absorb moisture in concrete.
The market’s growth is influenced by a number of factors that have a significant or indirect impact on demand. An overview of such factors can be found in our report, which is derived utilizing SWOT analysis, industry life cycle, and supply chain analysis. Such key information can help market participants and investors identify the low-hanging fruits in the market and establish strategic initiatives to accelerate their growth.
COVID-19 IMPACT on the Market-
The COVID-19 pandemic has influenced almost all the industries, little or large, dealing in any sector.
Following the outbreak of the pandemic, the concrete surface treatment chemicals market experienced slow growth. Most of the end-use industries faced supply chain disruption, cash flow constraints, and temporary shutdown in production facilities. As a result of these factors, the demand for concrete surface treatment chemicals in end-use industries decreased.
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Concrete Surface Treatment Chemicals Market Segmentation:
The report segments based upon demographics, geographics, benefits and volume etc, has different leading factors and identifies the most-attractive segments and sub-segments. The market segmentation will not only help marketers to be more efficient in terms of time, money and other resources but also allows companies to learn about their target audience so that they can tailor campaigns that leads a roadmap to success.
The Concrete Surface Treatment Chemicals market is segmented into the following categories.
By Product Type
The market is bifurcated into curing compounds, mold release agents, sealants, and others. Mold release agents are likely to remain the largest segment of the market during the forecast period. Mold release agents help to avoid the adhesion of freshly placed cement to a forming surface, which is one of their many advantages. They also reduce the occurrence of blowholes, resulting in a superior surface finish and minimal water loss from the cement. Sealants, another product type, captured a significant market share in 2021. Residential and commercial end-user industries majorly use sealants to seal cracks in floors and walls and to protect against water, moisture, and dust.
By End-User Type
The market is segmented as residential, commercial, industrial, and municipal. The commercial segment is expected to remain the key demand generator for the market owing to the widespread use of the product by commercial end-users such as office buildings, retail outlets, hospitals, and institutions, among others, for repairing and maintaining the quality of the concrete.
Regional Analysis
Asia-Pacific is expected to remain the largest market for concrete surface treatment chemicals during 2022-2028. The region’s market growth is driven by high production capacity and increasing demand for the product from China, India, Japan, and South Korea. The construction industry, which is one of the product’s major end-users, is also growing in these emerging economies.
In the long run, factors such as rising population, strong economic growth, and increased government spending on infrastructure development are expected to drive the market in the region. Also, North America is expected to register significant growth in the coming years, owing to the presence of a large number of concrete surface treatment chemical manufacturers in the region.
Report Customization Options
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- Company Profiling
- Detailed profiling of key market players (up to 3 players)
- SWOT analysis of key market players (up to 3 players)
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