Concrete Densifier Market Expected to Reach $1.5 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Concrete Densifier Market," The concrete densifier market size was valued at $844.69 million in 2022, and is estimated to reach $1.5 billion by 2032, growing at a CAGR of 6.2% from 2023 to 2032.

Densifiers are typically silicate solutions that react with any calcium hydroxide that was not bonded during the hydration of a concrete slab. Densifiers are also known as liquid hardeners because they coat the surface of a cured concrete slab with silica, the basic constituent of quartz. Concrete densifier has various advantages such as it provides a denser, tougher surface for polishing, increasing the resulting gloss, especially in softer concrete, it prevents precipitation caused by moisture beneath the slab. Although densified concrete is breathable, the altered pore structure prevents minerals that produce efflorescence on the surface from passing through. Also, concrete densifier helps to improve abrasion resistance, extending the lifespan of the shine. The qualities associated with concrete densifiers serve as a growth indicator. Properties like durability, endurance, strength, and others may provide huge potential opportunities for the concrete densifier market. Concrete densifiers are an excellent product for use on a variety of floor surfaces a wide range of locations, including factories, healthcare facilities, sports venues, industrial facilities, warehouses, shopping centers, food processing centers, and others. As a result, this factor may serve as a significant growth engine for the concrete densifier industry.

The process of raw materials required to create polished concrete are volatile, and this tendency is projected to continue over the forecast period. The fluctuating cost of raw materials will raise the cost of adhesives, cement, and sealants used in concrete densifier. As a result, the price of these components has a direct impact on the concrete densifier market. Vendors raise product prices or cut profit margins in reaction to rising raw material costs, limiting the growth of the concrete densifier market.

The increased need for repair and remodeling is the primary reason driving the growth of the concrete densifier industry. The growing demand for concrete densifiers, particularly for hotel flooring and other non-residential structures, is also one of the primary drivers driving the concrete densifier market growth. Factors such as strength, low maintenance, and ease of cleaning, as well as advancements in technology and applications in the use of glossy and appealing flooring, are boosting the use of concrete densifiers for non-residential construction. For instance, in September 2021, JW Marriott unveiled a new hotel in Canberra, Australia. The hotel used polished concrete floors to enhance the floor's visual appeal and featured contemporary design accents. The adoption of polished concrete was expected to accelerate with increased investment from market players in the retail sector and residential buildings.

The global concrete densifier market share is segmented based on type, method, construction type, end-use, and region. By type, it is classified into sodium silicate, potassium silicate, and lithium silicate. By method, it is classified into dry and wet. By construction type, it is classified into new construction and renovation. By end-use, it is classified into residential and non-residential. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the concrete densifier market analysis report include BASF SE, W.R. Grace & Co., Sika AG, The Euclid Chemical Company, The Sherwin Williams Company, W. R. Meadows, Inc., Evonik, Laticrete International, Inc., Jon Don LLC, and Solomon Colors Inc.

The report offers a comprehensive analysis of the global concrete densifier market trends by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the market. The report also sheds light on the present scenario and upcoming trends & developments that are contributing to the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and the emergence of substitutes in the market.

Impact of COVID-19 on the Global Revenue Assurance Industry

• The COVID-19 pandemic had a severe effect on various businesses, including the concrete densifier market, as several construction projects in many nations were postponed until further notice. Also, the pandemic had a significant influence on human travel, supply chain disruptions, and raw material shortages.
• During the pandemic, many governments announced major investments in infrastructure projects to spur economic recovery. These expenditures sought to improve the public infrastructure, spur economic growth, and create jobs. Concrete densifiers were essential in these projects, assuring the durability and performance of concrete structures.

Key Findings of the Study

• Based on type, the sodium silicate sub-segment emerged as the global leader in 2022 and lithium silicate is anticipated to be the fastest-growing sub-segment during the forecast period.
• Based on the method, the dry sub-segment emerged as the global leader in 2022 and wet sub-segment is predicted to show the fastest growth in the upcoming years.
• Based on the construction type, the renovation sub-segment emerged as the global leader in 2022 and is predicted to show the fastest growth in the upcoming years.
• Based on the end-use, the non-residential sub-segment emerged as the global leader in 2022 and is predicted to show the fastest growth in the upcoming years.
• Based on region, the North America market registered the highest market share in 2022 and Asia-Pacific is projected to maintain the position during the forecast period.