Market overview for global concrete surface treatment chemicals :
For the purpose of retaining the concrete’s moisture content, the chemical products used for concrete surface treatment have widespread industrial applications. This strengthens the bond between the cement and the mould, extending its durability. In addition, the low negative effects of the water-based compounds are anticipated to increase their adoption as their demand increases. This is a major element driving the global market for concrete surface treatment chemicals.
The study’s market research data is compiled based on an exhaustive combination of primary and secondary research. These surveys, contributions from industry experts, and personal interviews comprised the majority of the primary research for this paper. Extensive secondary research was conducted using data acquired from respectable sources such as industry databases, trade magazines, and reputable paid sources. This report on the market for concrete surface treatment chemicals includes a comprehensive quantitative and qualitative analysis that assists in comprehending the market’s value chain. It provides independent analyses of microeconomic and macroeconomic factors, trends, and laws that influence the overall growth of the concrete surface treatment chemicals industry.
Market, By Region
Asia-Pacific dominated the global market for concrete surface treatment chemicals in 2018, accounting for more than half of the market share. High production capacity and expanding demand from nations such as China, India, Japan, and South Korea have contributed to the region’s market dominance.
The product is widely utilised in the construction business, which has been thriving in emerging economies over the past few years. High CAGR growth in the region is attributable to factors such as a growing population, a thriving economy, and an increase in government spending on infrastructure development.
North America occupies a considerable portion of the market as well. Even though the construction industry is practically mature in the region, the existence of a large number of product manufacturers has helped the company keep its position. As the product is utilised for maintenance and restocking, its demand would increase within the anticipated timeframe. During the research period, the region is anticipated to have a CAGR of greater than 6%.
Competitive Market Participation
BASF SE, Sika AG, DowDupont Inc., Henkel Corporation, The Euclid Chemical Company, AkzoNobel Chemicals AG, Arkema, Laticrete International, Inc., Croma International Plc, and others are some of the leading participants in the global concrete surface treatment chemicals market.
BASF SE owns a substantial market share and is present on all major continents. The company has competence in chemical manufacture and has made substantial investments in research and development, which will allow them to maintain their market position in the foreseeable future.
Sector Context Products in the concrete surface treatment chemicals industry are used for a variety of objectives, such as maintaining concrete’s moisture content, improving mould and cement adhesion, and extending its life. Due to their few adverse effects, water-based compounds are projected to rise in popularity on the market.
As they are more environmentally friendly, stringent government laws and rising environmental contamination would promote the use of this product. The limited supply of natural resources such as water would also encourage the product’s use, particularly in developing nations. These aspects would boost product utilisation and increase revenue in the market for concrete surface treatment chemicals.
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