The global concrete densifier market is estimated to be valued at $1,599.2 million by 2030, surging from $846.2 million in 2020, at a noteworthy CAGR of 6.3%.

The global market for concrete densifier is estimated to experience a negative growth amid the COVID-19 pandemic. The growth is declining amidst the pandemic times due to shortage of labors, disruptions in supply chain, and lack of raw materials availability. This had led to suspension of new construction projects and existing projects are being postponed due to lockdown situations across many countries.

 

However, certain key vendors operating in concrete densifier market, such as Sika AG and PPG Industries, are adopting product launch and acquisition strategies for staying ahead in the competitive environment. For instance, in March 2021, Sika AG acquired flooring adhesive business of DriTac. DriTac is a US-based flooring adhesive company. This acquisition will increase Sika’s presence across the U.S.

Concrete densifier floors are non-porous and dense due to which they do not attract bacteria and moisture. This leaves the surface clean and germ-free which is of utmost priority during pandemic times. Also, concrete densifier floor is a toxic-free flooring alternative as it does not involve treatment with chemicals and sealers that emit toxic volatile organic compound (VOCs). These factors are anticipated to create lucrative investment opportunities during the forecast period.

 

The enormous growth of the global concrete densifier market is mainly attributed to increasing construction activities and excellent advantages offered by concrete densifier. The growing population, rapid urbanization, and construction of megaprojects demand sustainable construction solutions to reduce the environmental impact and emission of greenhouse gases. As stated by The Corporate Leaders Group, buildings in Europe account for 40% of energy consumption and 36% of CO₂ emissions. These buildings include schools, hotels, workplaces, hospitals, and others. These buildings need to be renovated to reduce the environmental impact. Hence, renovation activities are estimated to drive the market for concrete densifier and fuel the growth of the market.

 

Some of the environmental impact associated with the use of concrete densifier as cement is used as a base material may obstruct the growth of the market. Certain regulations on the use of cement due to emission of CO₂ may create a negative impact in the market during the forecast period.

 

The growth in non-residential construction may create huge opportunities for the global concrete densifier market in the future. For instance, as stated in the Construction Review Online, on April 4, 2021, the U.S. is building a Sound Transit 3 (ST3) megaproject in Seattle, Washington. This project will expand the present link light rail system to the suburbs of Tacoma, Everett, Issaquah, Federal Way, and neighborhood areas of Seattle. Moreover, as stated in South China Morning Post, China had approved the construction of 26 infrastructure projects in 2019 with an estimated investment of $1,42,000 million. Such huge investments in construction sector are estimated to fuel the growth of concrete densifier market as it is a widely used flooring solution in both residential and non-residential sectors owing to excellent durability and option for color customization. Such benefits may further lead to lucrative market opportunities in the global concrete densifier market in the upcoming years.

 

The global concrete densifier market is segmented based on method, construction type, end-use, and region.

 

The method segment is further divided into wet and dry. The dry sub-segment is anticipated to have a dominating share in the global market and register a revenue of $875.3 million during the analysis timeframe.

 

The dry concrete densifier method ensures safe environment as it uses dust extraction systems that are certified with HEPA (High Efficiency Particulate Air) filters so that operators are not exposed to hazardous respirable silica dust. Also, the dry concrete densifier method endures more shine and finish compared to the wet method. The dry method is cost effective and suitable for both small areas and large open areas. These factors may aid the generation of lucrative revenue throughout the forecast period for the dry sub-segment.

 

The construction type segment is further categorized into new construction and renovation. The new construction sub-segment is predicted to have the highest share and generate a revenue of $818.7 million by 2030.

 

Rapid urbanization, development of smart cities, and movement of people to urban areas are leading to the growth of new construction activities, and therefore the demand for concrete densifier is predicted to massively increase. The new construction activities involve the construction of residential and commercial places across the world. For instance, the use of concrete densifier floors in new construction offers cost-effective solutions, they are hypoallergenic meaning they don’t trap allergens, bacteria, or moisture and keep the floors clean. Also, concrete densifier floors are energy-efficient and scratch resistant. All these factors may generate massive opportunities for the sub-segment over the forecast timeframe.

 

The end-use segment is further categorized into residential and non-residential. The non-residential sub-segment is predicted to account for highest share and generate a revenue of 834.2 million by 2030.

 

The concrete densifier market is experiencing a high demand from non-residential sub-segment due to rapid construction of hotels, hospitals, commercial complexes, industrial buildings, and others. The use of concrete densifier for non-residential purposes such as commercial or industrial construction help the contractors in achieving the LEED (Leadership in Energy and Environmental Design) ratings due to no harmful impact of concrete densifier on indoor air quality or the environment. As stated in The U.S. Census Bureau, on April 1, 2021, the spending on construction industry in the U.S. on non-residential construction was $3,51,200 million and it is expected to grow rapidly. All these factors are anticipated to drive the growth of the concrete densifier market during the forecast period.  

 

The concrete densifier market for the Asia-Pacific region is projected to witness rapid growth. This region generated a revenue of $247.1 million in 2020 and is further projected to reach up to $495.6 million by 2030. However, North America dominated the concrete densifier market, accounting for $370.8 in 2020. The demand for concrete densifier is surging in the North America region specifically because of factors such as increase in residential, commercial, and industrial construction activities. Growth in the financial sector, economic stability, and government regulations on the emission of harmful CO2 and greenhouse gases are expected to drive the demand for concrete densifier market. For instance, as stated on Census.gov, the total construction spending in the U.S. was $1,516,927 million in February 2021. This spending includes both the spending on private and public construction. These aspects are anticipated to boost the market growth in the North America region.   

 

Some of the leading global concrete densifier market players are

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