Global Concrete Densification Polishing Material Market Insight

According to the WK-chem Research “Global Concrete Densification Polishing Material Professional Survey Report 2022, Forecast to 2027”, Currently, most of the industrial and commercial building constructors choose concrete flooring as one of the best option due to less maintenance, ease of cleaning, resistant to stains & damages and other features. This in turn, will lead to a substantial growth in concrete densification & polishing materials & equipment demand by 2027. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 5.5% base on WK-chem Research regression analysis model.

Analysts’ Viewpoint:

“The rise in the infrastructural spending is projected to lucratively leverage the flooring demand. This, in turn, is predicted to inflate the size of concrete densification & polishing material market over the years ahead. Furthermore, the rise in the construction events witnessed across BRICS nations over the last few years is expected to bolster the concrete densification & polishing material industry growth. Apparently, concrete floorings have garnered massive popularity across commercial and residential sectors. This has not only enlarged the application landscape of the concrete densification & polishing material across these sectors but has also provided flooring alternatives to the consumers. Beneficial features such as maintenance ease, stain & damage resistance, flexibility, cleaning ease, and sustainability will succor the growth of concrete densification & polishing material industry. Furthermore, the influx of new technologies in concrete densification & polishing material market will further embolden the business scope. “ said Jack Lee, Senior analyst, Chemical & Material Market Research Center in WK-chem Research.

Market insight:

All companies in construction industry make use of concrete densification and polishing material in their construction project. Concrete densifier is a type of chemical, which is commonly used to fill the pores present on the concrete surface. By filling the pores, the surface density of concrete surface can be increased. These chemical densifiers can be used on both non-polished concrete surface and polished concrete surface. They help to reduce the wear of the surface and provide a dustless concrete surface. Chemical densifier on polished concrete surface provides better surface finish and prevents water leakage from the slab of the building; hence, sealing of the slab is not necessary. Concrete densifier and polishing material is widely used in the construction of residential as well as commercial buildings such as offices, shopping malls, restaurants, retail shops, and hospitals. Valleys and the peaks present on the surface are smoothened by using polishing. In addition, concrete that is strong in nature is utilized to avoid abrasion. Various construction projects, such as residential and commercial, across the globe are increasing. Concrete densification and polishing material plays an important role in these construction projects as it provides resistance to abrasion and various other factors. This could be the key driving factor for the growth of the concrete densification and polishing material market. The Asia-Pacific region is considered as one of the most important regions for the growth of the concrete densification and polishing market. In countries, such as India and China, many projects, such as shopping malls, hospitals, and residential buildings, are under construction. Therefore, the demand for concrete densifier is expected to rise in this region during the forecast period.

Competition Landscape:

Many companies in the concrete densification and polishing market are trying to develop and introduce new products to the market. These products are more effective than the previous range of their products. For example, in May 2018, Lamba Techno Flooring Solutions Pvt. Ltd. launched Lyhic densifier. This densifier prevents whiting of the floor as it contains fewer amounts of metallic salts compared to the conventional silicate densifiers. In addition, it can be used for densification of the interior as well as exterior surfaces. Therefore, this densifier is widely used in the industry.

This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Concrete Densification Polishing Material companies that include The Euclid Chemical Company, Flowcrete Group Ltd., W.R. Meadows Inc, Canzac, LATICRETE International, Inc, Markham Global Ltd., Concrete Earth and BLENDER GROUP S.A. DE C.V.

Segmentation of Concrete Densification Polishing Material Market:

Concrete densification & polishing material market is divided into three key products which include densifiers & hardeners, sealers & crack fillers, and conditioners. This is all due to the extensive usage of the Sealers & crack fillers product on the rough, cracked and damaged surfaces. The product is mostly employed for densification process of concrete floors as they helps to prevent the moisture, water, oil, etc from getting into the surface, and also improves the appearance of the floor. Conditioners held more of the overall revenue share and will show the positive growth rate in future due to its compulsory usage at the time of concrete floor polishing process. Surge in demand for lustrous, decorative and eye-appealing floors in most of the end-use sector will strengthen the entire market penetration in forecast spell.

Concrete densification & polishing material market is bifurcated into four major end-use sectors include residential, commercial, institutional and industrial. Among these sectors, residential and commercial buildings collectively held most of the volume share. The product is widely used for densification & polishing the surfaces as they add strength to existing floors, protects the surface from deterioration and heavy loads, and also resist the oil and water penetration. Institutional end-use sector includes schools, colleges, universities, etc. and the segment was valued the most. The segment will grow at a substantial rate in future due to the increase in construction of institutional buildings in most of the developing economies. The above mentioned factors will subsequently boost the entire concrete densification and polishing material market demand by 2027.

Concrete Densification Polishing Material Market: Regional Analysis

In terms of geography, the global Concrete Densification Polishing Material market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. North American concrete densification & polishing material market is predicted to witness lucrative growth, owing to the rise in the refurbishment activities witnessed in the region. Apart from this, thriving automotive, pharmaceutical, and food & beverage sectors are anticipated to provide impetus to the growth of concrete densification & polishing material market in North America.

Moreover, the concrete densification & polishing material market in the Asia Pacific is projected to witness a massive surge, subject to rising in the construction activities in the countries such as India, Japan, and China. Furthermore, the rise in the production units established in the Asia Pacific zone as a result of government funding for expanding the manufacturing sector will proliferate the concrete densification & polishing material industry in the region.

Latin America and Europe have huge market growth potential and they are likely to make commendable contributions toward concrete densification & polishing material market size in the near future.

Cagr: 5.5%

Largest share area：North America

Largest share country：the Unite States

Product Type：Densifiers & Hardeners, Sealers & Crack Fillers, and Conditioners

Application：Residential, Commercial, Institutional and Industrial

Leading Company：WR Meadows Inc.、Markham Global Ltd.、Canzac、LATICRETE International、Concrete Earth, Inc.