February 24, 2020
According to the research report titled ‘Concrete Surface Treatment Chemicals Market Size By Product (Curing Compounds, Mold Release Agents, Sealants), By End-user (Residential, Commercial, Industrial, Municipal), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’ available with Market Study Report LLC, the global concrete surface treatment chemicals market is expected to cross USD 15 billion by the year 2025.
According to the report, growing population, rapid urbanization, and rising construction activities in Asia-Pacific region are majorly driving the concrete surface treatment chemicals industry growth. Construction chemicals help to improve the mechanical characteristics and quality of cement as well as offers resistance during harsh weather conditions. Moreover, there has been an upsurge in investments by public and private entities towards infrastructural development. This factor along with favorable government initiatives towards improving road connectivity has led to rapid expansion of construction industry in Asia-Pacific region, thereby facilitating the market expansion.
Rising adoption of the product due to its low cost and easy usability is also stimulating the industry outlook. However, solvent-based products have high content of V.O.C which can lead to adverse effects on human health and environment. Inhalation of such products can not only cause dizziness and respiratory irritation among humans but also have long-term toxic impact on aquatic life. These factors in tandem with lack of awareness regarding the applications of construction chemicals in developing regions may hinder the market growth.
As per product type, the report states that curing compounds segment is expected to grow with a CAGR of 6% during the period of 2019-2025. The product is majorly used for horizontal surfaces like runways, streets, and highways since it offers superior protection against solar heat, precise curing to the surface, and reduces water loss.
Citing the end-use landscape, municipal segment held one-fifth share of the concrete surface treatment chemicals industry in the year 2018 and is presumed to expand with a CAGR of 6% during 2019-2025. Rising infrastructural development and growing construction sector are facilitating the business scenario.
Request sample copy of this Report@ https://www.marketstudyreport.com/request-a-sample/2057029/
Considering the geographical landscape, the report cites that Asia-Pacific held 50% share of the global concrete surface treatment chemicals market in the year 2018. Factors such as high presence of key industry players with high production capabilities and growing demand for the product in Japan, South Korea, India, and China are favoring the market outlook. Moreover, favorable government initiatives which promote infrastructural development are augmenting the regional demand for concrete surface treatment chemicals.
The prominent companies operating in concrete surface treatment chemicals industry are Chembond Chemicals Ltd., Brenntag AG, Lion Specialty Chemicals Co. Ltd., Laticrete International, Inc., Wacker Chemie AG, Croda International Plc, The Euclid Chemical Co., AkzoNobel Chemicals AG, Arkema, Fosroc, Sika AG, Henkel Corporation, DowDuPont, Inc., The 3M Co., and BASF SE.
Frequently Asked Questions (FAQ) :