The construction industry is growing in many countries across the world. Different projects are under construction,including buildings or structures.Concrete and asphalt are considered as the important components as they are made up of materials that provide strength to the building. Therefore, concrete and asphalt playa crucial role in the construction industry. The cleaning of concrete and asphalt structures needs to be done after certain period of time. Therefore, different types of chemicals are used to remove the stains and impurities from the concrete and asphalt structures.
COVID-19 scenario analysis:
- The demand for concrete and asphalt cleaners is expected to decrease in 2020 due to low demand from the construction industry,owing to the lockdown imposed by governments of many countries.
- Coronavirus has affected the import and export of construction materials. China is the largest exporter of construction materials globally. Negative trends in the economy of China are anticipated to reduce the import and export across the globe.
- Demand for new construction materials has witnessed a massive negative shift since the coronavirus outbreak in December 2019, with manufactures and investors fearing an excessively receding economic growth.
- Travel prohibitions around the globe have affected the trade of construction materials. Thus, the supply and demand for construction materials have almost halted across the globe.
- Construction material manufacturing companies located in China are the major sufferers of the outbreak, owing to lockdown and unavailability of logistics in the country.
- The major hindrance for the global construction materials market comes from the orders of home quarantine by respective governments, which led to the discontinuation of production of construction materials.
- Decreased consumer demand and consumption has led toreduction and slow down ofsales of construction materials across the globe over the course of the current economic year.
- Therefore, the concrete and asphalt cleaners market is expected to be negatively affected in 2020.
Top impacting factors:Market scenario analysis, trends, drivers, and impact analysis
Cleaning chemicals are generally used as cleaners for concrete and asphalt cleaners. By using these chemical cleaners, stains present on the concrete and asphalt structures are removed. Concrete cleaners are used to remove oil and grease stains from various structures such as parking lots, drive-through, and some concrete structures or surfaces. Concrete and asphalt cleaners can remove graffiti on the surface, rust stains along with oil & grease stains. With increase in number of commercial buildings, such as shopping malls, hospitals, and educational institutes,there is high demand for concrete and asphalt cleaners to clean the concrete floors. This could be an important growth factor for the market.
There are different types of cleaning chemicals used to clean asphalt and concrete surfaces. These cleaning chemicals includespecialty cleaners, bacterial cleaners, alkaline cleaners, acidic cleaners, and pH neutral cleaners. The stains of acid soluble solutions are removed with the help of acidic cleaners while oil & grease stains from concrete surfaces are removed by alkaline cleaners. Alkaline cleaners also provideother application as they are capable of working as a neutralizing agent after the concrete surface gets cleaned by the acidic cleaner.Attributed to these factors, the demand for concrete and asphalt cleaners is expected to rise during the forecast period.
With increase in construction projects in different countries across the globe,concrete is utilized as the base material for any construction company. Strong structures can be built by using concrete. In addition, concrete surface needs to be kept clean. This could be the key driving factor for the growth of the concrete and asphalt cleaners market. Further, the variety of cleaners available in the market gives the choice to the customer to buy the chemical cleaner as per their needs and requirements. This is expected to increase the use of concrete and asphalt cleaners during the forecast period.
New product launch to boost the market
Many companies in the concrete and asphalt cleaners market are trying to develop and launch new cleaners. These chemically-advanced cleaners are more effective than the old cleaners. In January 2020, Reckitt Benckiser, one of the leading consumer care companies launched the newly developed variant of the cleaner termed as New Lizol. This cleaner is specifically produced to clean concrete floors. The stains present on the concrete can be easily removed by using this newly developed concrete floor cleaner. This cleaner comes with a 3 in 1 formula. It first penetrates the concrete floor then dissolves in the floor and finally removes the stains.
Key benefits of the report:
- This study presents the analytical depiction of the concrete and asphalt cleaners market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the concrete and asphalt cleaners market share.
- The current market is quantitatively analyzed to highlight the concrete and asphalt cleaners market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years.
Concrete and Asphalt Cleaners Market Report Highlights
| Aspects | Details |
 By Product Type |
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 By Application |
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 By End-Use Industry |
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 By Region |
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 Key Market Players | A-One Chemicals and Equipment Inc., Ankem, Grainger, Sunshine Makers, Inc., ASTEC Corp., Bio-Dry, SAKRETE, the QUIKRETE Companies, Accepta Limited |
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