Concrete Conditioner Market By Method (Dry, Wet), By Construction Type (New, Renovation), By End-Use (Residential, Non-Residential): Global Opportunity Analysis and Industry Forecast, 2021-2030
The global concrete conditioner market is envisioned to garner $783 million by 2030, growing from $476 million in 2021 at a CAGR of 5.5% from 2022 to 2030.
Concrete conditioners are a mixture of ingredients that react with calcium on concrete floors and forms an insoluble dirt-repellent barrier. The majority of builders of industrial and commercial buildings consider concrete flooring as one of the best solutions due to its minimal maintenance requirements, simplicity of cleaning, resistance to stains and damage, and other features.
The need for a safe and better infrastructure is increasing due to rising population majorly in nations such as China, India, and others. This is predicted to boost demand for concrete conditioner globally. Urbanization is predicted to be the main driver for growth of concrete conditioner market size. For instance, India is lined up with eight projects which are spread across 14 states, which will drive the concrete conditioner market across India. The eight projects mentioned include Mumbai Urban Transport Project Phase-3, four-laning of the Melur-Karaikudi section of NH, Ginigera-Raichur New BG line, North East Gas Grid Project, Raipur-Vishakhapatnam Economic Corridor, Sulwade-Jamphal-Kanoli Lift Irrigation Scheme, Kakinada-Srikakulam Natural Gas Pipeline Project, and Patratu Super Thermal Power Project. However, a number of problems, including the COVID-19 pandemic, inflationary pressures, and distribution network concerns are limiting construction development across the world. This is predicted to restrain revenue growth of the global concrete conditioner market.
Leading concrete sealer producer, Evonik and other manufacturers are promoting bio-based concrete sealer industry as a strategy to reach new customer segments. With a variety of technology developments, innovations, and eco-friendly business practices, the concrete conditioner market has a good opportunity to develop itself in the years to come. Thus, a good increase in demand for concrete conditioner is anticipated over the forecast period.
The COVID-19 pandemic brought several uncertainties leading to severe economic losses as various businesses across the world were on a standstill. There were import-export restrictions laid down on various countries such as the U.S., China, India, and others which imposed significant challenges on the market. However, post COVID-19, construction activities have increased as a result of the timely supply of raw materials and availability of workers. Thus, it is estimated to drive growth of the concrete conditioner market share in the near future.
The key players profiled in concrete conditioner market report include Pittsburgh Plate Glass Industries, Inc., 3M, BASF SE, Sika AG, Ultra Tech Cement Limited, The Sherwin Williams Company, Boral Limited, Solomon Colors Inc., Vexcon Chemicals Inc., and The Euclid Chemical Company.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the concrete conditioner market analysis from 2021 to 2030 to identify the prevailing concrete conditioner market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the concrete conditioner market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global concrete conditioner market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Method
Dry
Wet
By Construction Type
New
Renovation
By End-Use
Residential
Non-Residential
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
UAE
South Africa
Rest of LAMEA
Key Market Players
Pittsburgh Plate Glass Industries, Inc.
3M
BASF SE
Sika AG
Ultra Tech Cement Limited
The Sherwin Williams Company
Boral Limited
Solomon Colors Inc.
Vexcon Chemicals Inc.
The Euclid Chemical Company
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