Concrete Sealers Market By Type (Pertaining Sealers, Acrylics, Polyurethane, Epoxies, Others), By Application (Building and Construction, Industrial, Commerical, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global concrete sealers market was valued at $1.7 billion in 2021, and is projected to reach $3.1 billion by 2031, growing at a CAGR of 6.4% from 2022 to 2031.
Concrete sealers are chemical substances that are essential components for protecting concrete surfaces from staining, water erosion, extreme temperatures, oil, dirt, and other contaminants. It provides a strong layer of permanent and temporary protection to concrete surfaces and floors. It possesses various characteristics such as protecting the surfaces from moisture, helps in improving the durability of concrete, and retains natural appearance of surfaces. Various types of concrete sealers are there, which include epoxy, acrylic, pertaining, silicate, and polyurethane. These concrete sealers have a wide range of application in building & construction, residential, commercial, industrial, and other end-use sectors.
Growth in population base has led to rapid urbanization in both developed and developing economies such as the U.S., China, and India. This has increased government spending on building & construction sector to develop various upcoming infrastructure projects. For instance, according to a report published by National Investment Promotion and Facilitation Agency, the infrastructure activities accounted for 13% share of the total foreign direct investment (FDI) inflows in 2021. Furthermore, rapid development of water supply, sanitation, urban transport, schools, and healthcare have aided the growth of the building & construction sector.
Concrete sealers are widely used to protect the concrete from damages, corrosion, and moisture absorption. Moreover, concrete sealers is slip resistant, shock resistant, and less abrasive as compared to other industrial flooring, which in turn, has made customers more linear toward using concrete sealers for flooring applications. These factors are anticipated to fuel the demand for concrete sealers in the growing building & construction sector.
Acrylic nano particles and other solvents have been actively used as one of the major raw materials for manufacturing concrete sealers. However, shortages of raw materials have led to increase in the price of concrete sealers over the past few years. This is expected to restrain the manufacturers with low investment potential to enter the concrete sealers market.
Furthermore, a wide range of coatings are available as a substitute over concrete sealers. For instance, polyurethane (PU) coatings have high cross-link density, increased wear, abrasion and impact resistance properties than concrete sealers that make them best-suited for coating applications in automotive, transportation, electrical & electronics, construction, and other end-use sectors. Thus, the availability of substitute is expected to hamper the growth of the concrete sealers market during the forecast period.
The utilization of concrete sealers for interior concrete sealing, do it yourself (DIY) projects, waterproofing, wall coating, and other applications are the major key market trends in the global market. The rise in population has surged the building & construction activities in both developed and developing economies, wherein water-based concrete sealers are widely used as a protective membrane to prevent rising damps in floors. For instance, according to a report published by the U.S. Census Bureau, the value of construction in 2021 was $1,589.0 billion, which is 8.2% above the $1,469.2 billion spent in 2020. In addition, increase in renovation activities based on modern theme infrastructure has surged the popularity of DIY projects, where concrete sealers are used to make slip-resistant, versatile, and aesthetically pleasing floors & walls. This is anticipated to increase sales of concrete sealers among various DIY projects; thus, creating lucrative opportunities for the market.
The concrete sealers market is segmented on the basis of type, application, and region. On the basis of type, the market is categorized into pertaining sealers, polyurethane, epoxies, and others. On the basis of application, it is divided into building & construction, industrial, commercial, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Key players operating in the global concrete sealers market include BASF SE, Sika AG, PPG Industries, Laticrete International, Inc., Royal Associates, Valspar, Prosoco Corporation, Mapei Corporation, W. R. Meadows, Inc., XETEX INDUSTRIES PRIVATE LIMITED INDIA.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the concrete sealers market analysis from 2021 to 2031 to identify the prevailing concrete sealers market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the concrete sealers market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global concrete sealers market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy ApplicationBuilding and Construction
Industrial
Commerical
Others
By TypePertaining Sealers
Acrylics
Polyurethane
Epoxies
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
BASF SE
Sika AG
PPG Industries
Laticrete International, Inc.
Royal Associates
Valspar
Prosoco Corporation
Mapei Corporation
W. R. Meadows, Inc.
XETEX INDUSTRIES PRIVATE LIMITED INDIA
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