Concrete Densifier Market Report
Concrete Densifier Market by Method (Dry and Wet), Construction Type (New Construction and Renovation), End-Use (Residential and Non-residential), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2021–2030
The global concrete densifier market is predicted to garner $1,599.2 million in the 2021–2030 timeframe, growing from $846.2 million in 2020, at a healthy CAGR of 6.3%.
Strategic acquisitions among market players, along with the launch of advanced and new concrete densifier products, is anticipated to drive the growth of the concrete densifier market.
However, the environmental impact associated with the use of cement as a base material in concrete densifier is a growth restraining factor for the market.
According to the regional analysis of the market, the North America concrete densifier market is anticipated to grow at a CAGR of 6.40%, by generating a revenue of $707.5 million during the review period.
Concrete Densifier Overview
Concrete densifier is a multi-step process that involves mechanically grinding and honing the concrete and then polishing it with bonded adhesives. This process endures glossy finish to the floors, and it is widely used in commercial and residential projects.
Impact Analysis of COVID-19 on the Global Concrete Densifier Market
The novel coronavirus pandemic had a devastating effect on several industries, the concrete densifier market has also experienced a negative impact as all the construction projects across many countries were postponed until further notice. Further, the movement of people, supply chain disruptions, and availability of raw material was greatly impacted during the pandemic. The migration of workers from cities to their native places has increased during pandemic. For instance, in India, due to ban on inter-state travel, the construction workers were forced to move to their native places. Further, the price of raw materials increased due to supply chain issues across various countries. All these aspects greatly affected the construction industry thereby reducing the demand for concrete densifier that is widely used in construction. However, several companies, with their strategic steps, are helping the society to recover from the chaotic situation that COVID-19 has brought with itself. For instance, on September 17, 2020, The International Standards and Training Alliance (INSTALL) had made an emphasis to work with building architects and designers for specifying flooring guidelines for COVID-19 to ensure safety. For instance, the porous surfaces are more prone to bacteria and germs, including the COVID-19 virus. Hence, contractors recommend the use of semi-porous sheet flooring or non-porous flooring. As concrete densifier flooring provides non-porous surface, it is an effective flooring solution. The above-stated benefits may generate substantial investment opportunities in the market, amid the COVID-19 crisis.
Growing Construction Activities to Surge the Market Growth
The global concrete densifier industry is witnessing a rapid growth mainly due to increase in construction activities across the world. The construction activities are growing rapidly due to growing population in emerging economies such as India and China. Hence, these factors are driving the demand for residential and commercial spaces with high demand for low maintenance and durable flooring with polished and attractive floors. Such key factors may surge the growth of the market.
Moreover, the reconstruction and remodeling activities in residential and commercial sector are increasing the demand for smooth and aesthetically pleasant flooring at cost-effective price, which is predicted to impel the concrete densifier market growth during the forecast time. The growth in reconstruction and remodeling projects can be majorly attributed to changing consumer preferences for enhancing aesthetic look of their homes, streamlining the energy usage, and upgrading the outdated heating & cooling systems at their homes. For instance, the rapid developments of smart cities and megaprojects like Masdar City in the Emirates, Hudson Yards in the New York, and other such projects are expected to drive the demand for concrete densifier. These types of reconstruction, remodeling, renovation, and new construction projects are predicted to drive the growth of the market.
To know more about global concrete densifier market drivers, get in touch with our analysts here.
Environmental Impact with the Use of Concrete Densifier to Restrain the Market Growth
The environmental impact associated with the use of concrete densifier is expected to restrain the growth of the global market during the forecast period. The key component of concrete densifier is cement, which is the largest producer of carbon dioxide and greenhouse gases. This aspect may create a negative impact on the growth of the market during the forecast period.
Growing Population and Rapid Urbanization to Create Massive Investment Opportunities
The population growth is leading to an increase in demand for housing, a basic necessity of human beings. The rapid urbanization and increase in demand for affordable houses are estimated to drive the concrete densifier market growth. For instance, the Affordable Rental Housing Complexes (ARHC) under the Pradhan Mantri Awas Yojana, offers decent living at an affordable price to the urban poor population of India. All these factors are accelerating the growth of concrete densifier market.
The benefits associated with the use of concrete densifier floors such as high reflectivity, slip resistance, cost-effectiveness, and stain-resistance may further lead to lucrative market opportunities for market players in the upcoming years. The concrete densifier floors are LEED (Leadership in Energy and Environmental Design) friendly and facilitate sustainable building construction without the emission of VOCs (volatile organic compounds). Such key benefits may further lead to lucrative market opportunities for the market players in the upcoming years.
To know more about global concrete densifier market opportunities, get in touch with our analysts here.
Concrete Densifier Market
Source: Research Dive Analysis
The dry sub-segment is anticipated to have a significant market share in the global market and surpass $875.3 million by 2030, with an increase from $477.1 million in 2020. This growth in the market can be attributed to higher shine, more hardening & condensing of floor, and it is efficient for both open areas & small areas. All these factors are estimated to increase the demand for dry concrete densifier and further surge the market growth.
The wet sub-segment of the global concrete densifier market is projected to have the fastest growth and surpass $723.8 million during the analysis timeframe. The wet concrete densifier has shorter downtime, can use environment-friendly propane-fueled machines, and is 100% dust-free process. All these aspects may generate huge opportunities for the wet sub-segment throughout the forecast period.
Concrete Densifier Market
By Construction Type
Source: Research Dive Analysis
The new construction sub-segment of the global concrete densifier is anticipated to have the highest market share and surpass $818.7 million by 2030, with an increase from $447.1 million in 2020, owing to high demand for new construction projects such as office spaces, warehouses, residential houses, and others. For instance, the U.S., which is well known for its booming infrastructure and construction projects, has invested $20,000 million for the construction of Hudson Yards in New York. This is one of the biggest real estate development projects in the Chelsea and Hudson Yards. Several such new construction projects are expected to flourish the global market in upcoming years.
The renovation sub-segment is predicted to have a rapid growth in the global market and register a revenue of $780.3 million during the analysis timeframe owing to growing renovation projects to enhance the aesthetic look of the floor in a cost-effective manner. For instance, as stated in Build Up, a European portal for energy efficiency in buildings, on October 4, 2020, 35% of buildings in Europe are over 50 years old and almost 75% of the buildings are energy inefficient. Hence, the renovation of existing buildings is must for energy saving and to reduce CO2 emissions. Such aspects may create huge opportunities for the renovation sub-segment throughout the forecast period.
Concrete Densifier Market
Source: Research Dive Analysis
The residential sub-segment of the global concrete densifier market is anticipated to have a significant growth and surpass $764.9 million by 2030, with an increase from $383.6 million in 2020 owing to the population growth that is increasing the demand for residential houses. Also, rapid urbanization is another growth factor as people migrating to urban areas are growing. For instance, the Indian government is providing support for housing sector by allocating funds under national 2021 budget for residential construction. Such measures are expected to drive the growth of residential sub-segment during the analysis timeframe.
The non-residential sub-segment is predicted to reach the highest market share in the global market and register a revenue of $834.2 million during the analysis timeframe owing to high demand for concrete densifier from hospitals, restaurants, commercial complex, and other places. For instance, concrete densifier has excellent shine, glossy look, high performance, and endures longevity. These benefits are estimated to drive the growth of the non-residential concrete densifier sub-segment during the forecast period.
Concrete Densifier Market
Source: Research Dive Analysis
The Market for Concrete Densifier in North America to be the Most Dominant
The North America concrete densifier market accounted $370.8 million in 2020 and is projected to register a revenue of $707.5 million by 2030. The rapid advancements in e-commerce industry have increased the demand for construction of new warehouses and logistics hubs in North America. For instance, The Atlanta Business Chronicles developers in metro Atlanta area has built 18 million square feet of warehouse space to attract leading e-commerce companies like Amazon and Home Depot. All these factors will ultimately drive the demand in the concrete densifier market across North America.
The Market for Concrete Densifier in Asia-Pacific to be the Fastest Growing
The share of Asia-Pacific concrete densifier market is anticipated to grow at a CAGR of 7.0%, by registering a revenue of $495.6 million by 2030. The growth shall be a result of increasing residential construction, industrialization, and urbanization in the Asia-Pacific region. For instance, during the pandemic, the China State Construction Engineering Corporate (CSCEC) constructed 2 hospitals in Wuhan within a span of 10-12 days. This is one of the largest construction companies in China. Such rapid construction activities and developments will increase the market growth, which will eventually boost the Asia-Pacific concrete densifier market in the upcoming years.
Competitive Scenario in the Global Concrete Densifier Market
Product launches and mergers & acquisitions are common strategies followed by major market players.
Source: Research Dive Analysis
Some of the leading concrete densifier market players are 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.
Porter’s Five Forces Analysis for the Global Concrete Densifier Market:
- Bargaining Power of Suppliers: The suppliers in the concrete densifier market are high in number. Several companies are working on product designs and innovations that use different raw materials to avoid changing the supplier if the there is a hike in the price of a particular material.
Thus, the bargaining power suppliers is moderate.
- Bargaining Power of Buyers: Buyers have huge bargaining power; they demand best concrete densifier products at low prices. This increases the pressure on the concrete densifier suppliers to offer the best services in a cost-effective way. Thus, buyers can freely choose the convenient service that best fits their preference.
Thus, the bargaining power of the buyers is high.
- Threat of New Entrants: The companies entering concrete densifier market are adopting product launch and innovations to attract clients. Companies entering the concrete densifier testing market are adopting technological innovations such as developing an innovative software application to attract clients. Also, these companies are implementing various effective strategies such as offering discounts and value propositions.
Thus, the threat of the new entrants is moderate.
- Threat of Substitutes: There is no alternative product for concrete densifier solutions.
Thus, the threat of substitutes is low.
- Competitive Rivalry in the Market: The competitive rivalry among industry leaders is moderate. The existing players are focusing more on product advancements and acquisitions to enhance their market presence.
Therefore, competitive rivalry in the market is moderate.
Historical Market Estimations
Base Year for Market Estimation
Forecast Timeline for Market Projection
North America, Europe, Asia-Pacific, LAMEA
Segmentation by Method
Segmentation by Construction Type
Segmentation by End-Use
Key Companies Profiled
Q1. What is the size of the global concrete densifier market?
A. The size of the global concrete densifier market was over $846.2 million in 2020 and is projected to reach $1,599.2 million by 2030.
Q2. Which are the major companies in the concrete densifier market?
A. 3M and Sika AG are some of the key players in the global concrete densifier market.
Q3. Which region, among others, possesses greater investment opportunities in the near future?
A. The Asia-Pacific region possesses great investment opportunities for investors to witness the most promising growth in the future.
Q4. What will be the growth rate of the Asia-Pacific concrete densifier market?
A. Asia-Pacific concrete densifier market is anticipated to grow at 7.0% CAGR during the forecast period.
Q5. What are the strategies opted by the leading players in this market?
A. Product launch, advancements, and acquisitions are the key strategies opted by the operating companies in this market.
Q6. Which companies are investing more on R&D practices?
A. Sika AG and Pittsburgh Plate Glass Industries, Inc are investing more on R&D activities for developing new products and technologies.
1.2.Real time insights and validation
1.4.Assumptions and forecast parameters
2.2.By method trends
2.3.By construction type trends
2.4.By end use trends
3.1.Market segmentation & definitions
3.2.1.Top investment pockets
3.2.2.Top winning strategies
3.3.Porter’s five forces analysis
3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market
3.8.3.by construction type
3.8.4.by end use
3.9.Market value chain analysis
3.9.1.Stress point analysis
3.9.2.Raw material analysis
3.9.4.Distribution channel analysis
184.108.40.206.Raw material suppliers
4.Polished concrete Market, by method
4.1.1.Market size and forecast, by region, 2020-2030
4.1.2.Comparative market share analysis, 2020 & 2030
4.2.1.Market size and forecast, by region, 2020-2030
4.2.2.Comparative market share analysis, 2020 & 2030
5.Polished concrete Market, by construction type
5.1.1.Market size and forecast, by region, 2020-2030
5.1.2.Comparative market share analysis, 2020 & 2030
5.2.1.Market size and forecast, by region, 2020-2030
5.2.2.Comparative market share analysis, 2020 & 2030
6.Polished concrete Market, by end use
6.1.1.Market size and forecast, by region, 2020-2030
6.1.2.Comparative market share analysis, 2020 & 2030
6.2.1.Market size and forecast, by region, 2020-2030
6.2.2.Comparative market share analysis, 2020 & 2030
7.Polished concrete Market, by Region
7.1.1.Market size and forecast, by method, 2020-2030
7.1.2.Market size and forecast, by construction type, 2020-2030
7.1.3.Market size and forecast, by end use, 2020-2030
7.1.4.Market size and forecast, by country, 2020-2030
7.1.5.Comparative market share analysis, 2020 & 2030
220.127.116.11.Market size and forecast, by method, 2020-2030
18.104.22.168.Market size and forecast, by construction type, 2020-2030
22.214.171.124.Market size and forecast, by end use, 2020-2030
126.96.36.199.Comparative market share analysis, 2020 & 2030
188.8.131.52.Market size and forecast, by method, 2020-2030
184.108.40.206.Market size and forecast, by construction type, 2020-2030
220.127.116.11.Market size and forecast, by end use, 2020-2030
18.104.22.168.Comparative market share analysis, 2020 & 2030
22.214.171.124.Market size and forecast, by method, 2020-2030
126.96.36.199.Market size and forecast, by construction type, 2020-2030
188.8.131.52.Market size and forecast, by end use, 2020-2030
184.108.40.206.Comparative market share analysis, 2020 & 2030
7.2.1.Market size and forecast, by method, 2020-2030
7.2.2.Market size and forecast, by construction type, 2020-2030
7.2.3.Market size and forecast, by end use, 2020-2030
7.2.4.Market size and forecast, by country, 2020-2030
7.2.5.Comparative market share analysis, 2020 & 2030
220.127.116.11.Market size and forecast, by method, 2020-2030
18.104.22.168.Market size and forecast, by construction type, 2020-2030
22.214.171.124.Market size and forecast, by end use, 2020-2030
126.96.36.199.Comparative market share analysis, 2020 & 2030
188.8.131.52.Market size and forecast, by method, 2020-2030
184.108.40.206.Market size and forecast, by construction type, 2020-2030
220.127.116.11.Market size and forecast, by end use, 2020-2030
18.104.22.168.Comparative market share analysis, 2020 & 2030
22.214.171.124.Market size and forecast, by method, 2020-2030
126.96.36.199.Market size and forecast, by construction type, 2020-2030
188.8.131.52.Market size and forecast, by end use, 2020-2030
184.108.40.206.Comparative market share analysis, 2020 & 2030
220.127.116.11.Market size and forecast, by method, 2020-2030
18.104.22.168.Market size and forecast, by construction type, 2020-2030
22.214.171.124.Market size and forecast, by end use, 2020-2030
126.96.36.199.Comparative market share analysis, 2020 & 2030
188.8.131.52.Market size and forecast, by method, 2020-2030
184.108.40.206.Market size and forecast, by construction type, 2020-2030
220.127.116.11.Market size and forecast, by end use, 2020-2030
18.104.22.168.Comparative market share analysis, 2020 & 2030
7.2.11.Rest of Europe
22.214.171.124.Market size and forecast, by method, 2020-2030
126.96.36.199.Market size and forecast, by construction type, 2020-2030
188.8.131.52.Market size and forecast, by end use, 2020-2030
184.108.40.206.Comparative market share analysis, 2020 & 2030
7.3.1.Market size and forecast, by method, 2020-2030
7.3.2.Market size and forecast, by construction type, 2020-2030
7.3.3.Market size and forecast, by end use, 2020-2030
7.3.4.Market size and forecast, by country, 2020-2030
7.3.5.Comparative market share analysis, 2020 & 2030
220.127.116.11.Market size and forecast, by method, 2020-2030
18.104.22.168.Market size and forecast, by construction type, 2020-2030
22.214.171.124.Market size and forecast, by end use, 2020-2030
126.96.36.199.Comparative market share analysis, 2020 & 2030
188.8.131.52.Market size and forecast, by method, 2020-2030
184.108.40.206.Market size and forecast, by construction type, 2020-2030
220.127.116.11.Market size and forecast, by end use, 2020-2030
18.104.22.168.Comparative market share analysis, 2020 & 2030
22.214.171.124.Market size and forecast, by method, 2020-2030
126.96.36.199.Market size and forecast, by construction type, 2020-2030
188.8.131.52.Market size and forecast, by end use, 2020-2030
184.108.40.206.Comparative market share analysis, 2020 & 2030
220.127.116.11.Market size and forecast, by method, 2020-2030
18.104.22.168.Market size and forecast, by construction type, 2020-2030
22.214.171.124.Market size and forecast, by end use, 2020-2030
126.96.36.199.Comparative market share analysis, 2020 & 2030
188.8.131.52.Market size and forecast, by method, 2020-2030
184.108.40.206.Market size and forecast, by construction type, 2020-2030
220.127.116.11.Market size and forecast, by end use, 2020-2030
18.104.22.168.Comparative market share analysis, 2020 & 2030
7.3.11.Rest of Asia Pacific
22.214.171.124.Market size and forecast, by method, 2020-2030
126.96.36.199.Market size and forecast, by construction type, 2020-2030
188.8.131.52.Market size and forecast, by end use, 2020-2030
184.108.40.206.Comparative market share analysis, 2020 & 2030
7.4.1.Market size and forecast, by method, 2020-2030
7.4.2.Market size and forecast, by construction type, 2020-2030
7.4.3.Market size and forecast, by end use, 2020-2030
7.4.4.Market size and forecast, by country, 2020-2030
7.4.5.Comparative market share analysis, 2020 & 2030
220.127.116.11.Market size and forecast, by method, 2020-2030
18.104.22.168.Market size and forecast, by construction type, 2020-2030
22.214.171.124.Market size and forecast, by end use, 2020-2030
126.96.36.199.Comparative market share analysis, 2020 & 2030
188.8.131.52.Market size and forecast, by method, 2020-2030
184.108.40.206.Market size and forecast, by construction type, 2020-2030
220.127.116.11.Market size and forecast, by end use, 2020-2030
18.104.22.168.Comparative market share analysis, 2020 & 2030
22.214.171.124.Market size and forecast, by method, 2020-2030
126.96.36.199.Market size and forecast, by construction type, 2020-2030
188.8.131.52.Market size and forecast, by end use, 2020-2030
184.108.40.206.Comparative market share analysis, 2020 & 2030
8.1.Pittsburgh Plate Glass Industries, Inc.
8.1.4.Recent strategic moves & developments
8.2.4.Recent strategic moves & developments
8.3.4.Recent strategic moves & developments
8.4.4.Recent strategic moves & developments
8.5.Ultra Tech Cement Limited
8.5.4.Recent strategic moves & developments
8.6.The Sherwin Williams Company
8.6.4.Recent strategic moves & developments
8.7.4.Recent strategic moves & developments
8.8.Solomon Colors Inc.
8.8.4.Recent strategic moves & developments
8.9.Vexcon Chemicals, Inc.
8.9.4.Recent strategic moves & developments
8.10.The Euclid Chemical Company
8.10.4.Recent strategic moves & developments
In the early days, concrete densifiers were not considered as a viable solution for sealing, protecting, hardening, and covering industrial concrete floors. However, since concrete densifiers have begun to utilize silicate and siliconate enhanced agents, they are increasingly used in the construction industry. The use of silicate and siliconate enhanced agents in concrete densifiers leads to moisture resistant and water resilient floors. Concrete densifiers are majorly used on non-polished concrete in order to reduce dusting and improve stain resistance. Its numerous applications include floors in industrial plants, warehouses, shopping malls, schools, stores, hospitals, and food-processing plants. Concrete floors become more durable with concrete densifiers.
COVID-19 Impact on Concrete Densifier Market
The outbreak of COVID-19 across the globe has unfavorably impacted the global concrete densifier market growth. The negative impact on the market is majorly owing to the lack of raw materials available, disruptions in supply chain, and the shortage of labor due to lockdown imposed across the globe. In addition, the existing as well as new construction projects were postponed due to lockdown restrictions. Moreover, the migration of workers from cities to their native places increased during the pandemic period. All these factors affected the concrete densifier market growth during the period of crisis.
However, several companies operating in the global industry are adopting several strategies such as company acquisitions and product launches, which is expected to help the market recover after the COVID-19 pandemic.
Concrete Densifier Market Trends and Developments
The companies operating in the global industry are adopting several growth strategies and business tactics such as partnerships, collaboration, business expansion, and product launches to obtain a leading position in the global industry, which is predicted to drive the global concrete densifier market growth in the upcoming years.
For instance, in August 2020, ChemMasters, the specialty concrete chemicals manufacturer announced the acquisition of Vexcon Chemicals, the concrete chemical manufacturer with an aim to expand their business in the construction industry. The addition of Vexcon Chemical to the growing brand portfolio of ChemMasters is a reflection of the company’s long-term strategy to offer industry-leading products and technology to customers.
In February 2021, Meridian Adhesives Group, a leading manufacturer of high-value adhesive technologies, completed the acquisition of Convergent Concrete Technologies that specializes in high-performing concrete products and treatments. The company’s line of technology include densifiers, hardeners, finishes, and adhesive promoting treatments.
In June 2021, Convergent Concrete Technologies, a supplier for reactive silicate-based concrete treatments, announced the launch of ‘STRiON,’ the revolutionary new concrete hardener & densifier. STRiON a new method of concrete hardening and densification using groundbreaking new silica-free technology. STRiON uses an ionic transfer process, instead of silica, to disperse deep into concrete making it more resilient, dustproof, resistant to traffic, prepped for polishing, and easy to clean.
Forecast Analysis of Global Market
The global concrete densifier market is projected to witness an exponential growth over the forecast period, owing to the rapid urbanization and the rising demand for affordable houses across the globe. Conversely, the impact on environment associated with the use of concrete densifier is expected to hamper the market growth in the projected timeframe.
The growing population along with the rising construction activities and the reconstruction & remodeling activities in commercial and residential sector across the globe are the significant factors estimated to bolster the growth of the global market in the coming future. According to a latest report published by Research Dive, the global concrete densifier market is expected to garner $1,599.2 million during the forecast period (2021-2030). Regionally, the North America market is estimated to observe dominant growth by 2030, owing to the rapid advancements in e-commerce industry have increased the demand for construction of new warehouses and logistics hubs.
The key players functioning in the global market include
- Pittsburgh Plate Glass Industries, Inc.
- BASF SE
- Sika AG
- Ultra Tech Cement Limited
- The Sherwin Williams Company
- Boral Limited
- Solomon Colors Inc.
- Vexcon Chemicals Inc.
- The Euclid Chemical Company