PUBLISHER: SkyQuest | PRODUCT CODE: 1452768
PUBLISHER: SkyQuest | PRODUCT CODE: 1452768
Global Concrete Surface Treatment Chemicals Market size was valued at USD 10.88 billion in 2022 and is poised to grow from USD 11.75 billion in 2023 to USD 21.75 billion by 2031, growing at a CAGR of 8% during the forecast period (2024-2031).
The increasing number of building projects being undertaken globally is driving a steady increase in the market for concrete surface treatment chemicals. Urbanization, the expansion of infrastructure, and the demand for environmentally friendly building techniques are major motivators. The market is defined by the dominance of major players who provide cutting-edge products with an emphasis on environmentally friendly formulations. Chemicals for concrete surface treatment were being developed more and more to offer improved durability and performance. Consumers sought solutions that provided defense against elements like weathering, UV rays, chemical exposure, and abrasion in addition to improving the visual appeal of concrete surfaces. Advanced formulas were being developed by manufacturers to increase the longevity of concrete surfaces and eventually lower maintenance and repair expenses. Europe, Asia Pacific, and North America are the main regions driving market expansion. In order to achieve sustainability goals and maintain long-term market viability, the business is moving toward greener alternatives as environmental restrictions become more stringent.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Concrete Surface Treatment Chemicals Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Concrete Surface Treatment Chemicals Market Segmental Analysis
Based on product, end-use, and geography, the global market for concrete surface treatment chemicals can be divided into segments. Curing compounds, sealers, hardeners, and other products are examples of product kinds. The infrastructure, repair, and construction sectors are among the end-users. Market segments can be classified based on geography, including North America, Europe, Asia-Pacific, and the rest of the world.
Drivers of the Global Concrete Surface Treatment Chemicals Market
The need for chemicals used in concrete surface treatment is driven by rising construction activity and rapid urbanization, particularly in emerging economies. The requirement for strong and beautiful concrete surfaces is driving up demand for these chemicals as cities grow and infrastructure projects including highways, bridges, airports, and commercial complexes are built.
Restraints in the Global Concrete Surface Treatment Chemicals Market
Given that some concrete surface treatment chemicals may have an adverse effect on human health, air quality, and water quality, their manufacture and usage may give rise to regulatory and environmental problems. Tighter laws and an increasing emphasis on eco-friendly substitutes may limit market expansion and spur the creation of more sustainable goods.
Market Trends of the Global Concrete Surface Treatment Chemicals Market
The growing need for ecologically friendly and sustainable solutions was one major trend in the market for chemicals used in concrete surface treatment. Products with lesser environmental effects, lower VOC emissions, and chemicals that were renewable or biodegradable were becoming more and more popular as people became more conscious of environmental issues. Producers were using innovation to create goods that fulfilled these requirements and provided concrete surface treatment methods that worked.