Concrete Conditioner Market Expected to Reach $783.00 Million by 2030—Allied Market Research

According to a new report published by Allied Market Research, titled, “Concrete Conditioner Market," The concrete conditioner market was valued at $476.00 million in 2021, and is estimated to reach $783.00 million by 2030, growing at a CAGR of 5.5% from 2022 to 2030.

Concrete conditioner is a mild cleaner developed for normal care of concrete floors in a safe and effective manner. Concrete conditioner is a unique blend of natural ingredients that react with calcium on concrete floors to generate a dirt-repellent barrier that is insoluble. It helps to prevent water-borne debris from reaching the concrete's surface and makes normal maintenance more cost-effective. Concrete flooring is done as it is cheaper and economical compared to other floorings. As it is equally important to maintain the concrete flooring, there is an increasing need for concrete conditioners in the market. Concrete conditioner is easy to apply & use and provides dust free shiny surfaces which are easy to clean and maintain.

With the relaxation of COVID-19 rules and regulations, the construction business has been opened up widely across the globe. Increased demand for construction in real estate and infrastructure projects is predicted to be the main driver for concrete conditioner market revenue growth. Also, there is a high demand for aesthetically appealing as well as durable floorings in various constructions such as residential buildings, garages, driveways, sidewalks, and parking lots. This rising demand is estimated to boost the market expansion in coming years. Moreover, advantageous properties of concrete conditioners such as Ultraviolet (UV) stability, abrasion resistance, and longevity can also be considered to be the main drivers in expansion of the concrete conditioner market size.

High price of raw materials and deteriorating quality of the concrete conditioner can act as a hindrance to the expansion of the market. As the price of raw materials seems to be highly volatile, it is expected to restrain revenue growth of the market. On the other hand, if the quality of concrete conditioner is compromised by using low quality raw materials which hinders meeting customers’ expectations, it is predicted to hamper the market expansion in near future.

As per Make in India, an Indian Government initiative, the urban population share is expected to be 50% of the total population by 2050. Thus, it is anticipated to have a large demand for real estate and infrastructure projects which in turn is estimated to increase demand for concrete conditioners in near future. Among the regions, Asia-pacific is estimated to be the major consumer of concrete conditioners as it is undergoing rapid urbanization since last few decades. Thus, it is expected to have ample growth opportunities for the market players in the coming years. Furthermore, the bio-based concrete sealer market is gaining traction and is being promoted by Evonik, leading concrete sealer manufacturer, and other manufacturers as way to reach new client segments. The market has a great opportunity to build itself in coming years with various technological advancements, innovations, and eco-friendly approaches. The concrete conditioner market is thus expected to observe a healthy growth.

The global concrete conditioner market share is segmented based on method, construction type, end-use, and region. 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 concrete conditioner market analysis is done across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the concrete conditioner market report include Pittsburgh Plate Glass Industries, Inc., 3M, BASF SE, Sika AG, Ultra Tech Cement Limited, The Sherwin Williams Company, Boral Limited, Solomon Colors Inc., Vexcon Chemicals Inc., and The Euclid Chemical Company.

The report offers a comprehensive analysis of the global concrete conditioner 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 growth of the market. The report also sheds light on the present scenario and upcoming trends & developments that are contributing to growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with the 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 emergence of substitutes in the market.

Impact of COVID-19 on the Global Concrete Conditioner Industry

• The unexpected lockdown globally due to COVID-19 majorly affected the construction sector. The negative impact on concrete conditioner industry was due to the sudden stoppage of the construction sector and unavailability of raw materials & laborers. However, now with relaxation of COVID-19 norms, there is resumption of construction activities across the globe.
• There is an increase in the construction work because of timely supply of raw materials and availability of laborers. Post COVID-19 pandemic, newer technologies in the construction sector are predicted to have a positive impact on concrete conditioner market.
• Vast constructions globally have restarted post pandemic, such as Jubail II, a 22 year long industrial city project in Saudi Arabia is expected to get completed in 2024, high-speed railway in California is scheduled for completion in 2029, and Chuo Shinkansen, Japan’s 286 Kilometers high speed rail line is scheduled to be completed by 2027, which is an underground construction and will require extensive concrete and eventually its conditioner. Thus, it is estimated to drive revenue growth of the concrete conditioner market in the near future.

Key Findings of the Study

• Based on method, the dry sub-segment emerged as the global leader in 2020 and wet sub-segment is anticipated to be the fastest growing sub-segment during the forecast period
• Based on construction type, the new sub-segment emerged as the global leader in 2020 and renovation sub-segment is predicted to show the fastest growth in the upcoming years
• Based on end-use, the non-residential sub-segment emerged as the global leader in 2020 and residential sub-segment is predicted to show the fastest growth in the upcoming years
• Based on region, the Asia-Pacific market registered the fastest growth in 2020 and is projected to maintain its position during the forecast period