Concrete Densifier Market Size is Projected to Generate a Revenue of $1,537.00 Million by 2032Download Sample Reports Overview
The Global Concrete Densifier Market is predicted to be valued at $1,537.00 million by 2032, surging from $844.70 million in 2022, at a noteworthy CAGR of 6.2%.
Impact Analysis of COVID-19 on the Concrete Densifier Market
The COVID-19 pandemic had a severe effect on the building industry. The growth of the concrete densifier market was hampered by a shortage of laborers and severe government rules established to prevent public gatherings during the outbreak. Key companies used a variety of measures to remain competitive in the concrete densifier business, especially in the wake of the pandemic. Companies like Sika AG and PPG Industries, in particular, employed product launch and acquisition approaches to recover their market share.
As the globe emphasizes cleanliness and hygiene in public spaces, the advantages of concrete densifier flooring, which is dense, non-porous, and easy to clean, become more evident. Also, the absence of chemicals or sealers that emit harmful volatile organic compounds (VOCs) makes it an appealing option to toxic flooring.
Global Concrete Densifier Market Analysis
The substantial expansion of the global concrete densifier market is primarily attributed to rising construction activity and the outstanding benefits that a concrete densifier provides. Sustainable construction methods are necessary to lessen the negative effects on the environment and greenhouse gas emissions caused by the expanding population, rapid urbanization, and development of megaprojects. According to The Corporate Leaders Group, buildings in Europe are responsible for 36% of CO2 emissions and 40% of energy use. Schools, motels, office buildings, hospitals, and other structures where concrete densifier is commonly used. These structures must be renovated to lessen their negative effects on the environment. Therefore, renovation activities are predicted to propel the market for concrete densifiers and foster market expansion.
Concrete densifiers are widely used to decorate the floor of concrete by hardening and strengthening concrete floors. However, if the concrete isn't appropriately cured before the application of the densifier, it may result in the formation of a weak concrete surface layer. The trouble arises because of the evaporation of water from the concrete surface, which leaves it prone to damage. As the concrete floor dries, it becomes weaker and more prone to spalling, that is when it pulls far away from the underlying concrete in small portions and is damaged with spider cracking, which is the formation of small cracks in a radial sample.
The market for colloidal silica concrete densifiers is rapidly developing as the construction industry recognizes the benefits of these new solutions. There is a growing demand for eco-friendly concrete coatings as the building industry focuses on sustainable methods. Colloidal silica densifiers are non-toxic and VOC-free, which makes them ideal for many projects' sustainability objectives. In addition, the growing global demand for infrastructure development creates a considerable market opportunity, as these densifiers can improve the durability and lifespan of structures, making them more resistant to wear, chemical attacks, and cracking. Colloidal silica is a cutting-edge material in the field of concrete densifiers. It has smaller molecules than potassium and lithium-based concrete densifiers, allowing for a quicker cure and deeper penetration into the pores. It allows the creation of better CHL (Hydrogel) structures within the pores of concrete by providing increased surface area coverage and reactive sites. To improve the penetrating capacities of colloidal silica, sophisticated additives are added to the formulation. In addition, because of its lower, non-caustic pH, it is safer for humans and surfaces. This type of densifier is long-lasting, even in outdoor situations, because it does not damage in the presence of UV light and can last for a longer time duration. Also, because colloidal silica is water-based, it is environmentally safe and contains no volatile organic compounds (VOCs).
Global Concrete Densifier Market, Segmentation
The concrete densifier market is segmented on the basis of type, method, construction type, end-use, and region.
The type segment is classified into sodium silicate, potassium silicate, and lithium silicate. Among these, the lithium silicate sub-segment is anticipated to be the fastest growing during the forecast period. Lithium silicate is a chemical hardener that is placed on the surface of the concrete to improve its strength, durability, and abrasion resistance. The calcium silicate generated during the reaction of lithium silicate with calcium hydroxide increases the strength of concrete. The calcium silicate that forms, as a result, precipitates in the pores and canals of concrete, increasing its surface strength.
The method segment is further classified into dry and wet. Among these, the wet sub-segment is projected to witness the highest CAGR. The wet method of applying concrete densifier has several benefits. One significant advantage is that it produces a more uniform and thorough distribution of the densifier throughout the concrete surface. This is because the wet method involves using a spray or roller to apply the densifier while the concrete is still wet. This allows the densifier to penetrate deeper into the concrete pores, resulting in a more even and consistent hardening and strengthening of the concrete surface. Additionally, the wet method is preferred for outdoor or large-scale projects where using the dry method may result in dust and airborne particles to settle on the surface, which could be hazardous to workers or surrounding areas. The wet method also allows for easier clean-up since excess densifier can be washed away with water.
The construction type segment is further classified into new construction and renovation. Among these, the renovation sub-segment is predicted to have the fastest growth during the forecast period. The renovation sub-segment is expected to revel in sizeable growth within the global concrete densifier market. This is because of the rising demand for price-effective renovation solutions to enhance the aesthetic appearance of the ground. According to a file published by the National Association of Home Builders (NAHB) launched in April 2022, the demand for domestic renovation within the United States has surged because of the COVID-19 pandemic. Many house owners have opted for home renovations instead of moving to new homes.
The end use segment is further classified into residential and non-residential. Among these, the non-residential sub-segment is predicted to have the fastest growth during the forecast period. Concrete densifiers provide excellent shine, glossy look, high performance, and durability, which make them suitable for high-traffic areas. Moreover, the COVID-19 pandemic has increased the demand for hygienic and easy-to-clean surfaces, and concrete densifiers fulfill these requirements as they are dense and non-porous, making it difficult for bacteria to thrive. Additionally, concrete densifier floors do not require treatment with chemicals or sealers that release hazardous volatile organic compounds (VOCs), making them a safer alternative to toxic flooring.
The concrete densifier market in the Asia-Pacific region is projected to show the fastest growth during the forecast period. The market for concrete densifiers is anticipated to grow significantly in the Asia-Pacific region, particularly in China and India. Due to the rising number of development projects, hotels, hospitals, and industrial settings, the region is predicted to grow rapidly. Additionally, governments in countries like India and China have taken steps to increase foreign direct investments, particularly in the manufacturing sector, which is projected to drive demand for concrete densifier over the projected timeframe. These factors are projected to fuel the growth of the Asia-Pacific concrete densifier market in the coming years.
Key Players in the Global Concrete Densifier Market
Some of the leading concrete densifier market players are
- BASF SE
- W.R. Grace & Co.
- Sika AG
- The Euclid Chemical Company
- The Sherwin Williams Company
- W. R. Meadows Inc.
- Laticrete International Inc.
- Jon Don LLC
- Solomon Colors Inc