Concrete Surface Treatment Chemicals Market Forecast Analysis

Market Insights

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.

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What is Concrete Treatment Chemical?

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.

Covid-19 Impact

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.

Key Players

Most of the companies are deploying various strategies regarding product development & differentiation, pricing, branding, technology, and customized products to gain competitive advantage. 

The following are some of the key players in the market:

• BASF
• The 3M Company
• DowDupont Inc.
• Henkel AG & Co. KGaA
• Sika AG
• Fosroc
• Arkema S.A.
• Akzo Nobel N.V.
• Euclid Chemical
• Croda International Plc

Market Dynamics

Growing urbanization, rising population, and increasing demand for various concrete surface treatment chemicals are the major factors driving the growth of the market. Surge in demand for construction chemicals, use of construction chemicals to improve structure performance, and ease of installation procedures all contribute to the growth of the market.

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Segment Analysis

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

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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.

Segmentation

The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market. 

By Product Type

• Curing Compounds
• Mold Release Agents
• Sealants
• Others 

By End-User Type

• Residential 
• Commercial
• Industrial
• Municipal

By Region

• North America 
• Europe 
• Asia-Pacific
• Rest of the World

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Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Structure: Overview, industry life cycle and supply chain analysis.
• Environment analysis: Growth drivers and constraints, Porter’s five forces and SWOT analysis.
• Trend and forecast analysis.
• Segment trend and forecast.
• Competitive landscape and dynamics: Market share, Product Portfolio, New Product Launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s market realities and future market possibilities for the forecast period of 2022 to 2027. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com