Product Launches, Company Acquisitions, and Technological Advancements by Market Players such as Vexicon Chemicals, Convergent Concrete Technologies, and Others to Foster the Growth of the Global Concrete Densifier Market

In the early days, concrete densifiers were not considered as a viable solution for sealing, protecting, hardening, and covering industrial concrete floors. However, since concrete densifiers have begun to utilize silicate and siliconate enhanced agents, they are increasingly used in the construction industry. The use of silicate and siliconate enhanced agents in concrete densifiers leads to moisture resistant and water resilient floors. Concrete densifiers are majorly used on non-polished concrete in order to reduce dusting and improve stain resistance. Its numerous applications include floors in industrial plants, warehouses, shopping malls, schools, stores, hospitals, and food-processing plants. Concrete floors become more durable with concrete densifiers.

COVID-19 Impact on Concrete Densifier Market

The outbreak of COVID-19 across the globe has unfavorably impacted the global concrete densifier market growth. The negative impact on the market is majorly owing to the lack of raw materials available, disruptions in supply chain, and the shortage of labor due to lockdown imposed across the globe. In addition, the existing as well as new construction projects were postponed due to lockdown restrictions. Moreover, the migration of workers from cities to their native places increased during the pandemic period. All these factors affected the concrete densifier market growth during the period of crisis.

However, several companies operating in the global industry are adopting several strategies such as company acquisitions and product launches, which is expected to help the market recover after the COVID-19 pandemic.

Concrete Densifier Market Trends and Developments

The companies operating in the global industry are adopting several growth strategies and business tactics such as partnerships, collaboration, business expansion, and product launches to obtain a leading position in the global industry, which is predicted to drive the global concrete densifier market growth in the upcoming years.

For instance, in August 2020, ChemMasters, the specialty concrete chemicals manufacturer announced the acquisition of Vexcon Chemicals, the concrete chemical manufacturer with an aim to expand their business in the construction industry. The addition of Vexcon Chemical to the growing brand portfolio of ChemMasters is a reflection of the company’s long-term strategy to offer industry-leading products and technology to customers.

In February 2021, Meridian Adhesives Group, a leading manufacturer of high-value adhesive technologies, completed the acquisition of Convergent Concrete Technologies that specializes in high-performing concrete products and treatments. The company’s line of technology include densifiers, hardeners, finishes, and adhesive promoting treatments.

In June 2021, Convergent Concrete Technologies, a supplier for reactive silicate-based concrete treatments, announced the launch of ‘STRiON,’ the revolutionary new concrete hardener & densifier. STRiON a new method of concrete hardening and densification using groundbreaking new silica-free technology. STRiON uses an ionic transfer process, instead of silica, to disperse deep into concrete making it more resilient, dustproof, resistant to traffic, prepped for polishing, and easy to clean.

Forecast Analysis of Global Market

The global concrete densifier market is projected to witness an exponential growth over the forecast period, owing to the rapid urbanization and the rising demand for affordable houses across the globe. Conversely, the impact on environment associated with the use of concrete densifier is expected to hamper the market growth in the projected timeframe.

The growing population along with the rising construction activities and the reconstruction & remodeling activities in commercial and residential sector across the globe are the significant factors estimated to bolster the growth of the global market in the coming future. According to a latest report published by Research Dive, the global concrete densifier market is expected to garner $1,599.2 million during the forecast period (2021-2030). Regionally, the North America market is estimated to observe dominant growth by 2030, owing to the rapid advancements in e-commerce industry have increased the demand for construction of new warehouses and logistics hubs.

The key players functioning in the global market 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.
• The Euclid Chemical Company