27-Aug-2020 | Zion Market Research
According to the analytical research conducted by Zion Market Research, the global concrete surface treatment chemicals market attained the value of nearly USD 8.4 billion in 2019 and is anticipated to grow at CAGR around 8.4% throughout the forecast period. Based on the current growth pattern, the valuation of the global market is likely to reach close to USD 14.85 billion by 2026. The key reason behind the robust growth of the global concrete surface treatment chemicals market is the extensive expansion of the global construction sector, which would grow and probably exceed the nominal value of USD 6 trillion in the coming decade.
The key players profiled in the report that are considerably influencing the growth of the global concrete surface treatment chemicals market are Laticrete International Inc., AkzoNobel Chemicals AG, Henkel Corporation, BASF SE, Croda International Plc, The Euclid Chemical Company, Sika AG, Arkema, and DowDupont Inc.
Among all the players, BASF SE is a major shareholder in the global market owing to its global presence. The industry is proficient in manufacturing chemicals for coating concrete and has been massively investing in R&D activities, through which it would be able to maintain the leading position in the market during the forecast period.
Growth In Construction Sector Is Attributed To Fuel The Concrete Surface Treatment Market
As the number of public and private-funded construction projects in the developed and developing economies such as smart city missions is increasing, the global concrete surface treatment chemicals market is eventually flourishing. For instance, the Indian government launched a construction project named AMRUT (Mission for Rejuvenation and Urban Transformation) to promote construction activities in the country by cutting prices and taxes on real estate. This is the key factor that could drive the growth of the market during the forecast period. Another major market growth driving factor is the intensive use of moderately safe concrete surface treatment chemicals due to strict regulations set by the government over the increasing pollutions. Furthermore, continuously shrinking water resources are promoting the use of such chemicals at a global level, eventually boosting the concrete surface treatment chemicals market.
For effectual analysis, the global concrete surface treatment chemicals market report segments the market on the basis of product, end-user, and geography. By product, the market is categorized into sealants, mold release agents, curing compounds, and others. Mold release agents segment holds the major market share and is anticipated to flourish at a CAGR of over 8.6% throughout the forecast period. By the end-user, the market is bifurcated into commercial, municipal, industrial, and residential. Among the abovementioned segments, the commercial segment is the major one and is likely to expand at a CAGR of more than 7.5% CAGR between 2019 and 2025.
The Asia Pacific Is At Leading Position Owing To The Higher Demand Of Chemical Surface Treatment Chemicals In The Region
The Asia Pacific is the major shareholder in the global concrete surface treatment chemicals market. In 2018, the region accounted for more than 50% of the market. Fueling demand for the concrete surface treatment chemicals and rising production from countries such as India, China, South Korea, and Japan have pushed the region at the leading position in the market.
The demand for such chemicals is also growing in the North American region. Even though the construction market is not yet well-established in the region, the presence of several product manufacturers has significantly propelled the regional concrete surface treatment chemicals market.
Browse the full “Global Concrete Surface Treatment Chemical Market - By Product Type (Sealants, Mold Release Agents, Curing Compounds, And Others), By End-User (Commercial, Municipal, Industrial, And Residential), And By Region - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/concrete-surface-treatment-chemicals-market
The global concrete surface treatment chemical market is categorized as follows:
By Product Type:
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