Concrete Surface Treatment Chemicals Market Size to grow by USD 5565.6 million between 2024-2028
According to a research report “ Concrete Surface Treatment Chemicals Market” by Application (Non-residential, Residential) Product (Mold release agents, Curing compounds, Sealants) Geography (APAC, North America, Europe, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 5565.6 million, at a CAGR of 9.45% during the forecast period. Economic advancements in China, India, Vietnam, Malaysia, and Qatar have resulted in significant increases in consumer disposable income and urbanization. According to The World Bank Group, China's per capita income grew from USD8,759.04 in 2017 to USD10,409 in 2020, while India's per capita income rose from USD1,981.49 in 2017 to USD2,277 in 2021. These income growths have boosted purchasing power, leading to increased spending on residential and non-residential infrastructure projects. The global construction industry is anticipated to benefit from this trend during the forecast period. Moreover, the global population continues to rise, further fueling the demand for construction projects. Consequently, the market for Concrete Surface Treatment Chemicals is expected to experience substantial growth due to the increasing construction activities in these regions..
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By Application, the Non-residential segment is projected to dominate the market size in 2024
The non-residential sector led the global concrete surface treatment chemicals market in 2023, accounting for the largest market share. This segment comprises infrastructure, municipal, and commercial construction projects, including educational institutions, amusement parks, healthcare facilities, office spaces, retail outlets, transportation infrastructure, and airports. The demand for concrete surface treatment chemicals, such as mold release agents, curing compounds, and etching solutions, is significant in these applications due to their role in enhancing the durability and aesthetic appeal of concrete structures. Notable projects contributing to the growth of this segment include the expansion of Mohe Airport in Heilongjiang Province, China, and India's initiative to develop 220 new airports by 2025.
By Product, Mold release agents segment is expected to hold the largest market size for the year 2024
Mold release agents are essential chemicals or coatings applied to molds to prevent the adherence of substances during the manufacturing process. These agents are available in various forms, including sprays, liquids, and powders. In the concrete industry, they are commonly referred to as separators or parting agents. The raw materials used to produce mold release agents include natural oils, waxes, petroleum, and metalloids. For concrete applications, diesel oil, home heating oils, paraffin wax, and new motor oil are frequently employed due to their availability and affordability. These mold release agents play a crucial role in preventing the freshly laid concrete from sticking to the mold, ensuring efficient production and high-quality end products.
APAC is forecasted to hold the largest market size by region in 2024
The Concrete Surface Treatment Chemicals market represents a significant business opportunity for manufacturers and suppliers. These chemicals play a crucial role in enhancing the durability, appearance, and functionality of concrete surfaces. Key products include curing agents, densifiers, sealers, and stains. Market growth is driven by increasing infrastructure development, rising demand for eco-friendly solutions, and advancements in technology. Strategic partnerships, product innovation, and pricing strategies are essential for market success.
The Concrete Surface Treatment Chemicals Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Concrete Surface Treatment Chemicals Market encompasses a wide range of products used to enhance the surface finish of garages, retail outlets, office buildings, municipal structures, residential properties, and other construction projects. These chemicals include sealants, mold release agents, and advanced formulations designed to address issues such as blowholes, abrasion, chemical exposure, UV radiation, weathering, and the need for protection and enhanced aesthetic appearance. As the global construction sector continues to grow, so too does the demand for sustainable construction solutions. Real estate regulations increasingly require eco-friendly formulations that minimize the use of harmful raw materials. Concrete surface treatment chemicals that meet sustainability goals are in high demand, providing durable, long-lasting protection while maintaining enhanced performance and aesthetic appeal. The market for these chemicals is driven by the need to protect concrete surfaces from the elements and ensure their longevity. With increasing awareness of the importance of sustainability, there is a growing trend towards the use of advanced, eco-friendly formulations that offer superior protection against weathering, abrasion, and chemical exposure. Despite the benefits, there are challenges to the market, including the potential for harm from some raw materials and the need for proper application and maintenance to ensure optimal performance. As the market continues to evolve, it is essential to stay informed of the latest trends and regulations to ensure the best possible outcomes for all stakeholders.
Market Research Overview
The Concrete Surface Treatment Chemicals market is a significant contributor to the global construction sector, playing a crucial role in enhancing the durability, aesthetic appearance, and protection of various structures. However, the use of certain chemicals in concrete treatments can have negative effects on natural resources and contribute to environmental pollution. Government regulations are increasingly focusing on reducing the use of harmful raw materials and promoting environmentally friendly solutions. Water-based chemicals, such as nanoscale treatments and precise treatments, are gaining popularity due to their eco-friendly formulations and improved performance. These treatments offer benefits like stain resistance, water repellency, durability improvement, and corrosion resistance. Nanomaterials and nanotechnology are key technologies driving innovation in this market. Cement, roads, bridges, institutions, hospitals, garages, retail outlets, office buildings, municipal, commercial, and residential structures all require concrete surface treatment chemicals for repair and replenishment. However, the use of solvents, additives, and polymers can lead to VOC emissions and air pollution. Infrastructural developments, including manufacturing facilities and commercial and residential construction, are significant consumers of concrete surface treatment chemicals. Admixtures, coatings, repair industries, hardeners, sealers, and curing compounds are some of the major product segments. Sustainability goals and advanced formulations are driving the market towards eco-friendly solutions. The use of renewable ingredients and biodegradable ingredients is becoming increasingly important to mitigate the negative effects of concrete surface treatment chemicals on human health and the environment. Blowholes, mold, adhesion, moisture content, and abrasion are some of the challenges that concrete surface treatment chemicals must address. The market is expected to grow significantly due to the increasing demand for sustainable construction practices and durable concrete surfaces.
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