The future of concrete surface treatment chemicals market – Increasing demand for curing compounds from the construction sector to define the industry landscape
Publisher : Fractovia | Published Date : 2019-06-07Request Sample
Owing to unprecedented growth in the construction and building materials sector, concrete surface treatment chemicals market has registered significant proceeds over the past few years. The modern construction industry is primarily focusing on making their structures stronger, sleeker, damp proof as well as economical. Lately, the construction industry is widely deploying a variety of chemical admixtures like sealants, curing compounds, and coatings with concrete to attain desirable qualities along with promoting sustainability.
Europe Concrete Surface Treatment Chemicals Market Size, By End-user, 2014 – 2025 (USD Billion)
An increase in the number of modern structures brings with it a higher need for precast walls and slabs for a building, which has effectively driven the expansion of the concrete surface treatment chemicals industry. With the surge in construction of supermarkets, malls, and industrial facilities throughout emerging economies, particularly in regions like Asia-Pacific and Africa, concrete has helped transform the quality and facets of commercial buildings.
Different application areas of concrete leverage numerous properties of the material, which is further enhanced using distinct compounds. Curing, for instance, is the method used for controlling the rate and extent of moisture loss from concrete during cement hydration.
Apparently, the process is becoming popular in construction activities since the adoption of curing compounds can help to mitigate the appearance of unanticipated cracking. It influences the concrete’s ultimate durability, strength, and abrasion resistance. Representing a key product segment within the concrete surface treatment chemicals industry, these compounds undoubtedly enhance the quality of news structures and are emerging as one of the fastest growing admixture solutions for building materials.
Impact of rising curing compound demand on global concrete surface treatment chemicals market
Advantages of curing compounds: Prominent studies reveal that concrete structure failures are usually related to several reasons, from the concrete mix design and procedures to mixing of curing compounds, among others. Improper curing is considered as one of the substantial reasons for concrete failures in slabs for building, pavements, and beams which results in the formation of cracks and fractures and can easily be visible.
In essence, curing compounds contain essential natural or synthetic resin, waxes and solvents having high volatility at atmospheric pressure, which help to prevent the loss of moisture content from concrete. Subsequently, the full potential strength of concrete can be achieved that leads to a reliable and durable infrastructure, endorsing the significant prospects existing for concrete surface treatment chemicals market.
Concrete demand and Sustainability: It is an established fact that concrete is a versatile construction material, being critical in commercial structures, highways and hotels, sectors witnessing rapid development in recent years. Known for its subtle qualities such as requiring less maintenance and lasting longer, some even help reduce nitric oxides in the surrounding areas by as much as 60%. Concrete will ultimately aid in making a significant contribution to the global environment and sustainable development goals, inadvertently creating demand for curing compounds.
Prospects for curing compounds: Fueled by the increasing demand for new infrastructure and rising frequency of concrete failures, the need for concrete surface treatments with curing compounds will substantial rise. Global Market Insights, Inc., has predicted that the concrete surface treatment chemicals market will record a 6.5% CAGR from the curing compound segment over 2019-2025.
Competitive landscape: Key industry players like DowDuPont, BASF SE, Lion Specialty Chemicals, AkzoNobel Chemicals and others outline the competitive landscape of the concrete surface treatment chemicals market. Some of these companies have been striving to flood the market with advanced curing compound solutions as well as seek regional expansion of business operations, to enhance their customer base and to ensure that infrastructure development globally is benefited by concrete fortified with high-quality chemicals.
Citing an instance, on account of the recent advancements in its construction chemical arms, Sika AG, a specialty chemical company for building and motor vehicle supplies, has recently started production at a new concrete admixture plant in Doha, Qatar. The production lines for concrete-admixture manufacturing would be accompanied by an office and a central storage facility, with the company aiming to play a more prominent role across major construction projects in Qatar.
In a nutshell, accelerating construction activities and a vital application scope have provided immense traction to the concrete surface treatment chemicals industry, where continuous development of airports, streets and curb pavements will boost the consumption of curing compounds. Reports estimate that the global concrete surface treatment chemicals market would exceed the $15 billion renumeration mark by 2025.
