Global Precast Concrete Release Agents Market
Global Precast Concrete Release Agents Market By Application, By Type, Opportunities, Recent Trends, Competitive Landscape, Geographic Scope And Forecast
According to Verified Market Research, the Global Precast Concrete Release Agents Market was valued at USD 410.17 Million in 2018 and is expected to witness a growth of 6.87% from 2019-2026 and reach USD 690.41 Million by 2026.
A release agent can be defined as a chemical used to avoid other materials from bonding to surfaces. Such agents are used to provide a solution in various processes such as involving die-cast release, plastic release, mold release, adhesive release, etc. The concrete release agents prevent the adhesion of newly placed concrete to the forming surface such as plywood, steel, etc. These release agents can be used in the precast concrete industry as well. Precast Concrete Release agents offer various benefits such as high density & durability, greater resistance to chemical attack, etc. The precast concrete release agents can be further classified as barrier release agents and reactive release agents.
The growth witnessed in the construction industry due to an increased number of infrastructure transformation projects across the globe owing to urbanization has placed a huge demand for precast concrete, thereby driving the market positively. It can be seen that the degree of urbanization in the various parts of the globe is significantly growing in the global market. It can be seen that high investments in infrastructure for various pertaining industries are accounting for growth prospects in the precast concrete market.
The chemical industry is one of the world’s largest branches and has a significant influence on many other industries. Companies like Dow Chemical, DuPont and LyondellBasell from the U.S., BASF, and Bayer from Germany, and Saudi-Arabian Saudi Basic Industries are the key industry players. With the growing chemical industry, the scope of precast concrete release agents is expected to grow over the forecast period.
The Global Precast Concrete Release Agent Market is segmented on the basis of Type, Elements, and Geography. The gist of breaking down the market into various segments is to gather information about various aspects of the market. On the basis of Type, Reactive Release Agents accounted for the largest market share in 2018, with a market value of USD xxx Million and is projected to grow at the highest CAGR of 7% over the forecast period. With increasing applications of reactive release agents and its compatibility with precast concrete, the market share for this segment is expected to be the largest.
The “Global Precast Concrete Release Agents Market” study report offers a valuable insight with an emphasis on global market including some of the major players such as MC-BAUCHEMIE, BASF, FUCHS Lubritech Gmbh, Evonik, Sterling lubricants and The Hill and Griffith Company, etc. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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