Concrete Surface Treatment Chemicals Market Projected to Reach $15 Billion by 2025
DOVER, DE — A study issued by research firm Global Market Insights Inc. reports that the worldwide concrete surface treatment chemicals market was valued $8 billion in 2018 and will surpass $15 billion by 2025, witnessing an annual growth rate of 8% over 2019 to 2025.
Rapid population growth across the globe will drive the demand of concrete surface treatment chemicals. The world has witnessed an increase in population of over 24% between 2000 and 2018. Asia-Pacific contributed significantly to this rapid growth. In 2018, China and India collectively accounted for over 36% of the entire world population. This surge coupled with increasing urbanization will further escalate construction activities, which in turn, will drive the consumption of concrete surface treatment chemicals through the forecast period.