Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 11.75 Billion | USD 23.58 Billion | 8.04% | 2023 |
Zion Market Research has published a report on the global Concrete Surface Treatment Chemical Market, estimating its value at USD 11.75 Billion in 2023, with projections indicating that it will reach USD 23.58 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 8.04% over the forecast period 2024-2032.
The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Concrete Surface Treatment Chemical industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
Concrete surface treatment chemicals find massive usage in various sectors as it can retain moisture in concrete. This assists in effective bonding of mold and cement. Apparently, the product helps in improving the shelf life of both cement and mold. Moreover, cracks are caused in concrete surface structures as a result of dry shrinkage, alkali aggregate reaction, thawing & freezing, plastic shrinkage, design faults, and chloride attacks. This results in reduction of service life of concrete structures along with issues of leakage.
Additionally, concrete structures cracks require huge maintenance & repair charges. Hence, there is a growing need for concrete surface treatment chemicals for resolving the issues of the cracks occurring in the concrete surfaces.
Surge in the construction activities with rise in the population will create lucrative growth avenues for the market over the forecasting years. In addition to this, escalating requirement for construction chemicals will boost the market trends. Massive demand for water-based chemicals is predicted to drive the growth of concrete surface treatment chemical industry over the estimated timeframe. Apart from this, these products are cost-efficient and increase building resistance in tough climatic conditions.
Furthermore, insufficient water supply in the emerging economies will create humungous need for concrete surface treatment chemicals, thereby steering market expansion. However, use of raw materials harmful for the environment can pose a challenge to the growth of concrete surface treatment chemical market in the years ahead.
Report Attributes | Report Details |
---|---|
Report Name | Concrete Surface Treatment Chemical Market |
Market Size in 2023 | USD 11.75 Billion |
Market Forecast in 2032 | USD 23.58 Billion |
Growth Rate | CAGR of 8.04% |
Number of Pages | 110 |
Key Companies Covered | Arkema, Laticrete International Inc., Sika AG, AkzoNobel Chemicals AG, Henkel Corporation, The Euclid Chemical Company, BASF SE, Croda International Plc, and DowDupont Inc |
Segments Covered | By Product Type, By End-User And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The expansion of the market size in Asia Pacific during the forecast timespan is due to large-scale presence of key & established industry players in the region. Apparently, large-scale use of these materials in countries like China will play a major role in influencing the regional market growth in the years to come. In addition to this, thriving construction sector in India, Japan, Singapore, China, and Malaysia will further embellish the industry growth.
Key players profiled in the report include-
By Product Type
By End-User
By Region
FrequentlyAsked Questions
Surge in the construction activities with rise in the population will create lucrative growth avenues for the market over the forecasting years.
Zion Market Research has published a report on the global Concrete Surface Treatment Chemical Market, estimating its value at USD 11.75 Billion in 2023, with projections indicating that it will reach USD 23.58 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 8.04% over the forecast period 2024-2032.
Asia Pacific will contribute remarkably towards the global market share over the estimated timeline.
The key market players include Laticrete International Inc., AkzoNobel Chemicals AG, Henkel Corporation, BASF SE, Croda International Plc, The Euclid Chemical Company, Sika AG, Arkema, and DowDupont Inc.
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