Concrete surface treatment chemicals market valuation from curing compounds to depict a modest growth rate over 2019-2025, APAC to crop up as a vital growth terrain
With concrete tagged as one of the materials of choice for construction projects, it comes as no surprise that the global concrete surface treatment chemicals market is traversing alongside a lucrative growth path. Lately, the growing population and the consequent demand for affordable housing, in tandem with high-end frills brought on by increasing disposable incomes have led to the demand for a number of commercial outlets such as shopping complexes, multiplexes, entertainment centers, restaurants, etc., along with residential edifices. The upswing in construction activities to build residential establishments and commercial setups such as towers, malls, skyscrapers, etc., due to surge in urbanization will contribute to a major hike in concrete surface treatment chemicals industry share.
Europe Concrete Surface Treatment Chemicals Market Size, By End-user, 2014 – 2025 (USD Billion)
Regionally speaking, Asia Pacific is claimed to emerge as a highly viable growth ground for concrete surface treatment chemicals market. Encompassed mostly with developing economies, the continent plays host to a majority of the global populace. As per estimates, the global population was recorded at over 6 billion in 2000 and as on 2018, it stands at over 7.5 billion. APAC economies India and China are touted to account for a substantial proportion of this estimate, leading to a significant demand for housing.
Proliferation in population density and rising urbanization will thus impact the regional construction industry, which would, in consequence, propel the APAC concrete surface treatment chemicals industry share.
In recent times, consumer demand for durability and strength in buildings is on a consistent rise. This has led to an upsurge in the use of concrete curing chemicals to ensure strong construction with minimal use of water. Curing compounds, as a matter of fact, help provide optimal curing at a time when protection from solar heat is necessary. These compounds are majorly used in the construction of highways, curb paving, streets, runways, etc., and are applied through the spraying procedure.
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Incidentally, curing compounds find applications across regions with scarcity of water and high temperatures, since protection of concrete structures from a harsh environment has become mandatory. The growing demand for strong, durable edifices across the urban landscape is likely to boost concrete surface treatment chemicals industry share from curing compounds, slated to depict a CAGR of 6.5 percent over 2019-2025.
One of the most profound factors that is expected to augment the growth of the global concrete surface treatment chemicals industry is the penetration of numerous companies in the construction chemicals market. The expansion of the construction chemical industry has been, as a matter of fact, attracting existing chemical majors to increase their market share in the vertical. Citing an instance validating the same, recently, BASF and Adani Group joined hands to set up a petrochemical plant worth INR 16,000 crore in Mundra. This plant will manufacture chemicals that would be deployed across a score of industry verticals, including construction.
Citing yet another instance, Birla Corporation, last year in the fourth quarter, unveiled its plans to enter construction chemicals and additive market, pertaining to the surging demand for construction additives like waterproofing material and wall putty. The increasing interest of companies to invest in the construction chemicals industry is certain to provide a positive impetus to the expansion of concrete surface treatment chemicals market.
Powered by the increasing number of construction activities, in tandem with the rising demand for building repair, reconstruction, and renovation, the growth map of concrete surface treatment chemicals market is certain to remain exponential in the years to come. Manufacturers have been consistently planning to invest in the development of construction chemicals and have been striving to bring forth a spate of innovations in the industry, which would eventually propel concrete surface treatment chemicals market size.
Author Name : Anchal Solanki
U.S. to drive sludge dewatering equipment market growth over 2016-2024, rising concerns regarding ecological damage to boost the regional revenue
Strict government measures addressing the most vital issues pertaining to waste disposal will upswing sludge dewatering equipment market growth. The U.S. Solid Waste Disposal Act of 1965 forbids landfilling, waste disposal oceans, and sludge burning. Rising volumes of sludge, especially in the urban areas has caused enormous ecological deterioration, prompting the necessity of effective sludge disposal. Emerging wastewater treatment chemicals sector is forecast to have a significant influence on the industry revenue. As per Global Market Insights, Inc., “Sludge Dewatering Equipment Industry, which accumulated a revenue of USD 3 billion in 2015, is slated to surpass USD 4.9 billion by 2024.”U.S. Sludge Dewatering Equipment Market size, by application, 2014-2024 (USD Billion)
U.S. Sludge Dewatering Equipment Market size, by application, 2014-2024 (USD Billion)
Escalating demand for sludge dewatering equipment across the horticulture, cement production, farming, mineral processing, and mining sectors has encouraged new entrants to enter the business. This has helped established industry players to focus more on business expansion through strategic alliances and product innovations. The aforementioned factors have contributed substantially towards sludge dewatering equipment market growth.
Sludge dewatering equipment makes use of prominent technologies such as screw disc, belt filter press, centrifuges, and rotator disc. Centrifuge technology, which contributed more than USD 800 million to sludge dewatering equipment industry revenue in 2015, is predicted to register an annual growth rate of 5% over the period of 2016-2024. Municipalities prefer this technology to dispose sludge wastes.
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Rotator disc technology, which accounted for over USD 600 million of the overall industry share, is forecast to observe robust expansion in future. Extensive R&D activities for introducing convenient and cost-effective equipment will further impel the industry growth. Sludge dewatering equipment market revenue from screw press technology is expected to hit USD 1.5 billion by 2024. The rising need to effectively dispose industrial wastes within a shorter span is expected to raise the demand for this technology. Belt filter press technology is projected to contribute over USD 600 million to the overall revenue by 2024.
Sludge dewatering equipment find applications across industries and municipal corporations. Industrial applications are forecast to surpass USD 2 billion by 2024 as a result of the chemical and manufacturing sectors contributing toward large waste heaps. Sludge dewatering equipment industry size in municipal corporations is expected to grow at a CAGR of 4% during the period from 2016 to 2024. Stringent rules to eradicate domestic wastes coupled with proficient waste processing management will benefit the business landscape.
Considering the geographical trends, North America sludge dewatering equipment industry is anticipated to register a CAGR of 3% over the coming seven years. Increasing awareness about the adverse effects of environmental pollution on human health along with strict norms prohibiting inappropriate disposal of wastes will augment the regional expansion. The large presence of sludge dewatering units in the region will further contribute towards the industry growth. U.S. sludge dewatering equipment market, estimated at USD 1 billion in 2015, is likely to drive the regional revenue.
Europe sludge dewatering equipment market is expected to grow considerably over the span of few years. The growing menace of pollution due to sludge waste along with low land availability for waste disposal will be the key growth drivers. UK and Germany are projected to be the chief contributors toward the regional growth. Germany sludge dewatering equipment industry is forecast to record a CAGR of 4% over 2016-2024, while UK industry is forecast to hit USD 450 million by 2024.
China sludge dewatering equipment industry, which is likely to exceed a revenue of USD 400 million by 2024, will propel APAC market. South Africa sludge dewatering equipment industry is projected to register significant gains of 6% during the period of 2016 to 2024.
Phoenix Process Equipment Company, Alfa Lava AB, Palmetto Water Solutions LLC, Andritz AG, J.M. Huber Corporation, Dewaco Limited, Aqseptence Group, and The Hiller Companies Incorporation are the key participants of sludge dewatering equipment industry.
Author Name :Dhananjay Punekar