The construction industry is evolving like never before in the current decade. With many other innovative products, technologies, and raw materials used in this industry, polished concrete is one of the products extensively used in commercial well as industrial rooms or floorings. Concrete conditioners are cleaners and conditioners for hard, polished concrete surfaces.
In the recent years, there has been an enormous demand for visually appealing infrastructures worldwide, owing to the appearance and worth that is depicted by the aspects of the commercial spaces. Especially, infrastructures like hotels use concrete conditioners with an aim to uphold the look and feel of the infrastructure and add & retain the customer base. Concrete conditioners offer stunning as well as lustrous appearance and avoid the wear & tear of the flooring. Growing population across the globe has propelled the demand for private residences globally. As a result, the demand for concrete conditioners in many high-profile projects has skyrocketed in the recent years. In addition, repair and overhaul activities of the prevailing housing as well as commercial projects are increasing owing to the augmented need for enhanced buildings with improved safety.
Newest Insights in the Concrete Conditioner Market
As per a report by Research Dive, the global concrete conditioner market is expected to hit a revenue of $783 million in the 2022–2031 timeframe. The Asia-Pacific concrete conditioner market is estimated to observe leading and speedy growth in the years to come. This is because, the region has an enormous demand for concrete conditioners owing to the growing residential, commercial, and industrial construction projects in the region. Additionally, rise in investments in residential developments in the Asia-Pacific and Middle East & Africa regions is projected to drive the growth of the concrete conditioner market in the coming years.
How are Market Players Retorting to the Rising Demand for Concrete Conditioners?
Market players are greatly investing in novel product launches to cater the rising demand for concrete conditioners. Some of the foremost players of the concrete conditioner market are Sika AG, Pittsburgh Plate Glass Industries, Inc., BASF SE, The Sherwin Williams Company, 3M, The Euclid Chemical Company, Boral Limited, Solomon Colors Inc., Ultra Tech Cement Limited, Vexcon Chemicals Inc., and others. These companies are involved in planning and devising strategies such as innovative product launches, collaborations, novel advances, mergers and acquisitions, and partnerships to hold a leading position in the global industry.
- In July 2018, XL North, a company renowned for its commercial floor maintenance chemistry & technology, launched a novel division along with the roll out of 3 innovative concrete surface prep products.
- In April 2019, Tennant Coatings, a well-known forerunner in the production of industrial & commercial floor and wall coating products, launched novel ReVue™ Hydro Polishing product line for concrete floorings.
- In June 2022, Ameripolish, a frontrunner in the invention of concrete chemical technology, unveiled the SmartFloor™ Refinement System, a product that makes it easy to renovate polished concrete surfaces.
COVID-19 Impact on the Global Concrete Conditioner Market
The unexpected rise of the coronavirus pandemic in 2020 has unfavourably impacted the global concrete conditioner market. During the pandemic period, the cessation of several industries across the world and implementation of restrictions on the global trade of raw materials required in the manufacture of concrete conditioners have hindered the growth of the market. Moreover, the halt of construction projects has significantly deteriorated the demand for concrete conditioners, consequently plummeting their sales. However, as the global construction industry is undergoing V-shaped recovery post-pandemic, the concrete conditioners market is also estimated to boom in the coming years.
The development of economy, rise in construction activities, growth in the number of construction companies and developers worldwide has opened marvellous opportunities for the concrete conditioner market’s growth. To sum up, the global market is likely to boost significantly in the future years.