Concrete Densification and Polishing Material Market - Demands Analysis and Growth Projection to 2025
Category: #headlines  By Rahul Varpe  Date: 2020-10-08
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Concrete Densification and Polishing Material Market - Demands Analysis and Growth Projection to 2025

Due to extensive infrastructure development, North America concrete densification and polishing material market share is expected to grow with more than 3.5%. CAGR. In terms of equipment, Asia Pacific, which boasts some of the fastest growing economies, will breach the USD 750 million mark by 2025. As this area is densely populated, it will observe increase in infrastructure developments in coming years.

Developing countries like India and China are all set to experience unprecedented growth in residential construction, which will boost the product demand. Product classification is categorized into densifiers and hardeners, sealers and crank fillers and conditioners. By 2025, sealers and crank fillers will capture 15% of concrete densification and polishing material market share in the terms of revenue.

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According to a recent study, the concrete densification and polishing material market size is poised to exceed USD 450 million in annual revenues by the end of 2025, globally.  However, in the pandemic situation due to Covid-19, the world has witnessed a considerable lockdown of essential to non-essential work and development activities. The impact is huge, and it is yet to be measured and calculated. The long-term impact due to Covid-19 could hamper the economies of all kinds of businesses and industries.

The concrete densification and polishing material market too has suffered from this pandemic, right from the lack of supplies of the raw materials to the reduced number of manpower and demand for the finished construction material. But as per new guidelines from the government and nod for resuming businesses, it is expected to regain the momentum of workflow and commence profitable business.

Infrastructure development in emerging economies

Extensive construction activities around the world will set off the demand for concrete densification and polishing material and equipment. Due to the global competition for infrastructure development amongst the developed and developing countries, construction materials and equipment will see a huge spike in market demand.

The BRICS nations’ engagement and contribution in the global construction sector has grown immensely and expected to reach nearly USD 8 Trillion by 2024. As the infrastructure development is rising at a brisk pace, in coming future, there is a potential in demand rise for construction materials as well as concrete densification and polishing equipment.

Advantages against alternate materials

The development of industries, institutions, commercial and residential complexes require concrete densification and polishing materials and equipment in construction. The properties of these materials provide extra strength and ensure long-lasting durability of floors, and the polishing material gives a gleaming and finished look.

As compared and competition with other manufacturing products such as floor tiles, granites and other stones that provide high quality finish are comparatively expensive. And on the other hand, densified and concrete polishing is very cost-effective, long-lasting and low in maintenance.

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Increased demand for residential construction

The classification of concrete densification and polishing material market is categorized in two parts, i.e. end-user and product. The end-user sectors such as industrial, institutional, residential and commercial that uses these construction materials will all create a rise in demand in the coming years. By the year 2025, residential construction is poised to contribute more that 25% of the market share.

The major companies comprising concrete densification and polishing material market worldwide, are Hilti, Bosch, Klindex, Diamatic, Canzac, Tyrolit, Flowcrete group, among many others.

 

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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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