Polymer Modified Cementitious Coatings Market Forecasts to 2028 – Global Analysis By Polymer Type (SBR Latex, Acrylic Polymer), Paper Grade (Countertop, Partition), Flexibility, Composition, End User, and By Geography

Polymer Modified Cementitious Coatings Market Forecasts to 2028 – Global Analysis By Polymer Type (SBR Latex, Acrylic Polymer), Paper Grade (Countertop, Partition), Flexibility, Composition, End User, and By Geography

According to Stratistics MRC, the Global Polymer Modified Cementitious Coatings Market is accounted for $1.23 billion in 2021 and is expected to reach $2.19 billion by 2028 growing at a CAGR of 8.6% during the forecast period. Polymer-modified cementitious coating refers to a one-component or two-component, thixotropic coating that provides high adhesion to both, concrete and steel. It forms a highly elastic, hard alkaline coating on the substrate. They are extensively used for waterproofing, protection of corroded buildings, and roadside structures. It is efficient against drastic climate change and can work at variable temperatures.

Market Dynamics:

Driver:

Increasing infrastructure activities

The infrastructure sector is a key driver of the rising economy in several provinces. Rising government initiatives to support infrastructure development are estimated to drive the growth of the market. The government intends to spend a considerable amount of money on all things digital as part of this support package, including startup funding, infrastructure investment, and digital transformation. Thus, with the growth of several infrastructure activities the market is estimated to rise in the projected timeframe.

Restraint:

High Cost

Due to the raw material-intensive nature of the coating industry, raw materials play a far greater role. Even minor changes in raw material prices have a significant impact on the profitability and operations of coating manufacturers. The price of crude oil and crude oil-linked derivatives such as monomers and solvents put pressure on coating manufacturers. Raw material prices increased by nearly double digits. Rutile and TiO2 prices also rose significantly in the same year. Thus, owing to the fluctuating price of raw materials the market is anticipated to face hurdles in the forecast period.

Opportunity:

Increasing demand in residential

Polymer modified cementitious coatings are extensively used in kitchens, bathrooms (wet rooms), and balconies for roofing, wall coatings, and floorings, among others. These coatings are majorly preferred in residential buildings owing to the low cost in comparison to the substitutes available. Low cost of it is creating opportunities of these coatings in the residential buildings. This coating finds applications in decorative as well as protective exterior waterproof coatings. The growing urbanization and migration of people from rural areas to urban cities are important factors driving the housing sector.

Threat:

Shelf life

The Shelf life of polymer modified cementitious coatings is about 3 to 5 years which is a major threat in the growth of the market. Thus, the restricted shelf-life of these coatings of the product may threaten the overall polymer modified cementitious coatings market growth in the forecast time period.

Flexible segment is expected to be the largest during the forecast period

Flexible segment is expected to be the largest during the forecast period, owing to the high polymer content in flexible cementitious coating material, they have a low coefficient of diffusion and are resistant to chemicals such as chloride ions, sulfate ions, carbon dioxide, and other chemicals. Superior waterproofing performance and excellent durability compared to non-flexible coatings are projected to fuel the market.

The Acrylic Polymer segment is expected to have the highest CAGR during the forecast period

The acrylic polymer segment led the polymer modified cementitious coatings market, owing to the use of its varied derivatives across several applications. Acrylic polymer is a clear, robust, and rigid plastic substance. Acrylic polymers come in a variety of hues and finishes owing to which it is frequently used in architecture and construction coatings. Because of their chemical purity, stability, high heat resistance, UV resistance, excellent weathering, low-temperature performance, water resistance, and hydrophobicity, acrylic polymers are now widely employed in the industry in a variety of applications.

Region with highest share:

The Asia Pacific is projected to hold the highest market share, owing to the growth of the residential real estate sectors, non-residential real estate, and growing investments in public structures in developed countries such as China, India, and South Korea. The Asia Pacific province is a developing and profitable market for polymer-modified cementitious coatings, owing to industrial development and improving economic conditions. This province constitutes approximately 60% of the world’s population and thus leads to the wide-scale use of polymer-modified cementitious coatings for waterproofing applications in residential and non-residential buildings, and public infrastructure.

Region with highest CAGR:

North America is projected to have the highest CAGR, owing to the large market share in polymer-modified cementitious coatings because of growth in the real estate sector within the province. Moreover, increasing initiatives and investments in large infrastructure projects by governments of several countries are likely to drive the market over the forecast period. Additionally, the industrial revolution and rapid urbanization are also estimated to drive the overall market growth in the North American region.

Key players in the market:

Some of the key players profiled in the Polymer Modified Cementitious Coatings Market include BASF SE, Akzo Nobel N.V., Arkema S.A., Berger Paints India, Compagnie de Saint-Gobain S.A., Fosroc International Limited, H.B. Fuller Company, Lafarge Malaysia Berhad, MapeiS.p.a., OrganikKimya San. Tic. A.S., Pidilite Industries Limited, Sika AG, The Dow Chemical Company, The Lubrizol Corporation, Saint-Gobain Weber.

Key developments:

In December 2019:Arkema S.A. acquired LIP Bygningsartikler AS (LIP), the Danish leader in tile adhesives, waterproofing systems, and floor preparation solutions through its subsidiary, Bostik. With this acquisition, the company is able to meet customer demand in the Nordic countries.

In May 2019: Saint-Gobain Weber announced that it signed a memorandum of understanding with SCG Cement-Building Materials in Thailand for the development of a modular bathroom solution that incorporates Saint-Gobain Weber tiling and waterproofing solutions. With this partnership, the company is expected to expand their presence in Thailand and cater its waterproofing materials for several applications.

In February 2020:Fosroc International Ltd, and Berger Paints Bangladesh Ltd, entered into a joint venture to establish a new legal entity, Berger Fosroc Limited. This new entity serves the construction chemicals market in Bangladesh. This joint venture has helped the company in working with contractors onsite and provide solutions to protect concrete with grouts, waterproofing, coatings, sealants, and flooring products. This is also expected to help the company serve the construction sector in Bangladesh which is expected to witness significant growth over the next few decades.

Polymer Types Covered:
• SBR Latex
• Acrylic Polymer

Paper Grades Covered:
• Countertop
• Partition
• Shelving
• Flooring
• Other Applications

Flexibility’sCovered:
• Non-flexible
• Flexible

Compositions Covered:
• One-component
• Two-component

End Users Covered:
• Residential Buildings
• Public Infrastructures
• Non-Residential Buildings

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
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