Global Concrete Surface Treatment Chemicals Market 2019–2023 | Growing Preference for Water-Based Mold Release Agents as Concrete Surface Treatment Chemical to Boost Growth | Technavio
The global concrete surface treatment chemicals market is expected to post a CAGR of over 8% during the period 2019–2023, according to the latest market research report by Technavio.
A key factor driving the growth of the market is the rising demand for concrete curing compounds. At present, concrete curing compounds are preferred in concrete structures because of their properties such as water retention, high reflectance, short drying period, long-term setting, and presence of non-volatile matter. These compounds are used to construct bridges, concrete pavements, runways, dams, and canal linings. For example, moisture curing adhesives are a type of concrete curing compounds. They are chemical compounds that are used to absorb moisture in concrete. These adhesives accounted for the largest share in the global concrete curing compounds market in 2018. Therefore, the rising demand for moisture curing adhesives will drive the demand for concrete curing compounds, which in turn will have a positive impact on the global concrete surface treatment chemicals market during the forecast period.
As per Technavio, the growing preference for water-based mold release agents as concrete surface treatment chemical will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global concrete surface treatment chemicals market 2019–2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019–2023.
Global Concrete Surface Treatment Chemicals Market: Growing Preference for Water-Based Mold Release Agents as Concrete Surface Treatment Chemical
Water-based mold release agents play a vital role in applications related to die casting, concrete, and rubber. They are used in concrete because of their low cost, high efficiency, and low environmental impact. Moreover, concrete-mixing equipment manufacturers have fewer mandates on the use of solvent-based mold release agents. Thus, builders and contractors in the construction industry prefer water-based mold release agents. Some large-scale concrete manufacturers prefer mold release agents that are prepared using a combination of water and solvent in the ratio 80:20. This combination will help reduce the use of solvent-based mold release agents in concrete at construction sites. Thus, the adoption of water-based mold release agents is expected to increase during the forecast period.
“Apart from the growing preference for water-based mold release agents, the increased demand for waterproof sealants from the construction industry is one other factor that is expected to boost market growth. Building faces and concrete slabs expand and contract due to the varying climatic conditions. Waterproof tapes are used to cover expansion gaps and prevent water leakage. With the increasing construction of buildings, bridges, and structures, the demand for waterproof tapes will rise, thereby driving the global market growth,” says a senior analyst at Technavio.
Global Concrete Surface Treatment Chemicals Market: Segmentation Analysis
This market research report segments the global concrete surface treatment chemicals market by application (non-residential and residential) and geographical regions (APAC, North America, Europe, MEA, and South America).
The APAC region led the market in 2018, followed by North America, Europe, MEA, and South America respectively. During the forecast period, the APAC region is expected to maintain its dominance over the global market and register the highest incremental growth due to the increased construction activities in the region.
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