Concrete Surface Treatment Chemicals Market Size

Concrete Surface Treatment Chemicals Market Size

Concrete Surface Treatment Chemicals Market size estimated at USD 8 billion in 2018 and will grow at a CAGR of more than 8% from 2019 to 2025. Increasing urbanization, growing population in China & India, cheap work force, expanding economic growth are some of the factor responsible for the growth in the Asia Pacific construction sector.

Developments in the Asia Pacific construction industry would be the major growth driver for the concrete surface treatment chemicals market. The global construction sector is expected to expand in the next decade to a nominal value of more than USD 6.0 trillion. Asia Pacific held a significant share of this value and this share will grow in the coming years. This would in turn increase concrete surface treatment chemicals demand.

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China plays a major role in augmenting the market share. The country’s construction industry achieved 17% growth in market value in 2016. With both public and private investment in infrastructure rising in the country, China will continue to play a major role in the concrete surface treatment chemicals market share in the future. Changing regulatory framework has also helped in driving the market.

For instance, Smart City Mission and the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) by the Indian government, relaxation of real estate regulations by China, etc. are some examples which would lead to increased construction activities in the region, in turn escalating concrete surface treatment chemicals demand in the forecast period.
 

Limited use of certain products in developing regions due to abundance of other resources and use of harmful raw materials in the product are some factors which could restrain the growth of concrete surface treatment chemicals market in the coming years.