USD 10.88 billion
Global Concrete Surface Treatment Chemicals Market Size, Share, Growth Analysis, By Product(Curing compounds, sealers), By End-User(Construction, infrastructure) - Industry Forecast 2024-2031
Report ID:
SQMIG15F2094 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|
Tables:
64 |
Figures:
75
Global Concrete Surface Treatment Chemicals Market Insights
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, at a CAGR of 8% during the forecast period (2024-2031).
The global concrete surface treatment chemicals market is experiencing steady growth due to increasing construction activities worldwide.
Key drivers include urbanization, infrastructure development, and the need for sustainable construction solutions. The market is characterized by the dominance of key players offering innovative products, focusing on eco-friendly formulations.
Concrete surface treatment chemicals were increasingly being formulated to provide enhanced performance and durability.
Customers were looking for solutions that not only improved the aesthetic appearance of concrete surfaces but also offered protection against factors like weathering, UV radiation, chemical exposure, and abrasion.
Manufacturers were developing advanced formulations that could extend the lifespan of concrete surfaces, reducing maintenance and repair costs over time.
North America, Asia Pacific, and Europe are the major regions contributing to market expansion. As environmental regulations tighten, the industry is shifting toward greener alternatives to meet sustainability goals and ensure long-term market viability.
US Concrete Surface Treatment Chemicals Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
infrastructure
Fastest Growth
infrastructure
Growth Rate
8% CAGR
Global Concrete surface treatment chemicals market by region
Country Share for Asia Pacific(%)
Global Concrete surface treatment chemicals market by end-user
Global Concrete surface treatment chemicals market by end-user
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Global Concrete Surface Treatment Chemicals Market Segmental Analysis
The global concrete surface treatment chemicals market can be segmented based on product, end-user, and region. Product types include curing compounds, sealers, hardeners, and others. End-user include span construction, infrastructure, and repair industries. Geographically, the market can be divided into North America, Europe, Asia-Pacific, and the rest of the world.
Concrete Surface Treatment Chemicals Market Analysis By Product
Sealers & coatings have traditionally been one of the largest segments in the concrete surface treatment chemicals market. The demand for these products is driven by their ability to protect concrete surfaces from deterioration caused by moisture, chemicals, and abrasion. They are widely used in both residential and commercial construction projects.
The fastest-growing segment could be admixtures. The increasing focus on sustainable construction practices and the demand for high-performance concrete with specific properties have driven the adoption of concrete admixtures. These chemicals allow concrete to achieve desired characteristics, such as increased strength, reduced water content, improved workability, and enhanced durability.
Concrete Surface Treatment Chemicals Market Analysis By End-user
The largest segment in the concrete surface treatment chemicals market often varies based on regional and economic factors. However, at that time, the infrastructure segment was often significant due to ongoing and upcoming large-scale infrastructure projects in developing and developed countries.
The fastest-growing segment was often the industrial sector, driven by the expansion of manufacturing and industrial facilities worldwide. Additionally, the residential and commercial segments were also experiencing growth due to urbanization and increased construction activities.
Global Concrete surface treatment chemicals market by end-user, 2022 (%)
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Global Concrete Surface Treatment Chemicals Market Regional Insights
Asia-Pacific is one of the largest markets for concrete surface treatment chemicals due to the extensive construction activities in countries like China and India. The region's high population density and urbanization have been major drivers of construction growth.
The Middle East and Africa are considered one of the fastest-growing markets for concrete surface treatment chemicals due to rapid urban development and large-scale infrastructure projects in cities like Dubai and Riyadh.
Global Concrete surface treatment chemicals market by Region, 2024-2031
- Largest
- Fastest
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Global Concrete Surface Treatment Chemicals Market Dynamics
Concrete Surface Treatment Chemicals Market Drivers
Urbanization and Infrastructure Development
- Rapid urbanization and increased construction activities, especially in emerging economies, drive the demand for concrete surface treatment chemicals. As cities expand and infrastructural projects such as roads, bridges, airports, and commercial complexes are undertaken, the need for durable and aesthetically pleasing concrete surfaces boosts the demand for these chemicals.
Growing Focus on Sustainable Construction
- There is an increasing emphasis on sustainable and eco-friendly construction practices. Concrete surface treatment chemicals that enhance the durability, energy efficiency, and aesthetics of concrete structures while minimizing their environmental impact are in high demand. This includes products that improve concrete's resistance to corrosion, increase its longevity, and reduce maintenance requirements.
Concrete Surface Treatment Chemicals Market Restraints
Regulatory and Environmental Concerns
- The production and use of certain concrete surface treatment chemicals might raise environmental and regulatory concerns due to their potential impact on water quality, air pollution, and human health. Stricter regulations and a growing focus on environmentally friendly alternatives could restrain the market's growth, encouraging the development of more sustainable products.
Fluctuating Raw Material Costs
- The cost of raw materials used in manufacturing concrete surface treatment chemicals, such as polymers, solvents, and additives, can be volatile. Fluctuations in raw material prices can impact the profitability of manufacturers and, in turn, affect the pricing of these chemicals in the market. This could lead to uncertainty for both suppliers and buyers.
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Global Concrete Surface Treatment Chemicals Market Competitive Landscape
The global concrete surface treatment chemicals market features intense competition among key players striving to capture market share. Industry leaders such as BASF SE, Sika AG, and RPM International Inc. focus on innovation to develop advanced solutions for enhancing concrete durability, aesthetics, and performance. Regional contenders like Fosroc International and The Euclid Chemical Company contribute to the competitive landscape by catering to specific market needs. Market dynamics are influenced by product diversification, technological advancements, and sustainable practices. As construction projects prioritize longevity and sustainability, companies are engaged in continuous R&D and strategic partnerships to maintain a competitive edge in this evolving market.
Concrete Surface Treatment Chemicals Market Top Player’s Company Profiles
- BASF SE - Germany
- Sika AG - Switzerland
- RPM International Inc. - United States
- Fosroc International Ltd. - United Kingdom
- The Dow Chemical Company (Now Dow Inc.) - United States
- MAPEI Corporation - Italy
- Arkema Group - France
- W. R. Grace & Co. - United States
- Evonik Industries AG - Germany
- Pidilite Industries Ltd. - India
- GCP Applied Technologies Inc. - United States
- Euclid Chemical Company - United States
- Penetron International - United States
- CEMEX S.A.B. de C.V. - Mexico
- CHRYSO Group - France
- Sodamco-Weber - Lebanon
- CICO Technologies Limited - India
- Xypex Chemical Corporation - Canada
- Elkem ASA - Norway
- Larsen & Toubro Limited – India
Concrete Surface Treatment Chemicals Market Recent Developments
- In January 2023, BASF SE acquired Master Builders Solutions, a leading provider of concrete admixtures and surface treatment chemicals.
- In February 2023, The Euclid Chemical Company acquired Conpro Chemicals, a manufacturer of concrete surface treatments and admixtures.
- In March 2023, Henkel Corporation acquired Mapei SpA, a leading provider of construction chemicals.
Global Concrete Surface Treatment Chemicals Key Market Trends
- Growing Demand for Sustainable Solutions: One key trend in the concrete surface treatment chemicals market was the increasing demand for sustainable and environmentally friendly solutions. As awareness of environmental issues grew, there was a rising preference for products that had lower environmental impacts, reduced VOC emissions, and used biodegradable or renewable ingredients. Manufacturers were innovating to develop products that met these criteria while still delivering effective concrete surface treatment solutions.
- Advancements in Nanotechnology: Nanotechnology was making its way into the concrete industry, including surface treatment chemicals. Nanomaterials were being used to enhance the properties of concrete surfaces, such as improving durability, water repellency, and stain resistance. Nanotechnology allowed for more precise and targeted treatments at the nanoscale, leading to improved performance and longer-lasting results.
Global Concrete Surface Treatment Chemicals Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the global concrete surface treatment chemicals market is poised for promising growth due to increasing construction activities, infrastructure development, and urbanization worldwide. These chemicals play a pivotal role in enhancing concrete durability, aesthetics, and performance. Innovations in sustainable and eco-friendly formulations, coupled with rising awareness about the benefits of surface treatments, are expected to drive market expansion. Additionally, the demand for specialized solutions catering to diverse end-use sectors like residential, commercial, and industrial construction will contribute to the market's optimistic outlook. However, evolving environmental regulations and the need for continuous research to improve product efficacy might shape the market's trajectory.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 10.88 billion |
| Market size value in 2031 | USD 21.75 billion |
| Growth Rate | 8% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Concrete Surface Treatment Chemicals Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Concrete Surface Treatment Chemicals Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Concrete Surface Treatment Chemicals Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Concrete Surface Treatment Chemicals Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Concrete Surface Treatment Chemicals Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Concrete Surface Treatment Chemicals Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Concrete Surface Treatment Chemicals Market Report Snapshots
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