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Global Concrete Sealers Market will reach USD $66.82 billion by 2023, Key Players - Arkema, Axalta Coating systems, Bonstone Materials Corporation, The Euclid Chemical Company, Ready Mixed Concrete Association of Ontario, Dryvit Systems, Inc., Evonik Indu
Global Concrete Sealers
Concrete sealers are used to block the pores in the concrete to reduce absorption of water and salts or form a layer to prevent such materials from passing. Concrete sealers are used on the top of the surface to cover overall concrete surface from damage, corrosion and staining. The concrete sealers are categorized into two types, one is topical sealers and the other is penetrating sealers. Topical sealers add visual enhancement where penetrating sealers block the surface from moisture. Topical sealers require dry and clean surface whereas penetrating sealers need dry or damp surfaces and should be matched with the surface to easily penetrate. Concrete Sealers makes easy to clean the surface and helps to maintain concrete by blocking penetration of dirt and oil. In the forecast period, the market is expected to grow at 7.1% CAGR and reach $66.82 billion by 2023.
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Global Concrete Sealers Market - Drivers and Restraints:
The rising demand of bio-based concrete sealers with new innovations is considered as the major driving factor for concrete sealers market. The decorative and visual enhancement along with protection from stains and chemical reactions by these concrete sealers support the market growth in the forecast period. Based on chemistry, concrete sealers are segmented to acrylic, epoxy, polyurethane (PU), silicates, urethane and siloxane. Concrete sealers are durable with climatic conditions and are highly resist to UV rays, providing the enhanced shelf life. However, the quality and cost factors are hampering the concrete sealers market. The lack of awareness about the advantages of concrete sealers is also limiting the market growth.
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Global Concrete Sealers Market - Geographic segmentation:
North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Middle East & Africa and Japan are the regions segmented on the basis of geography for concrete sealers market. Asia Pacific region is leading the market due to the technologies and advancements implemented by the people. Following Asia Pacific, Europe region is also showing a high demand by constructing larger units and bringing popularity among consumers. Because of high demand for industrialization in North America region, the concrete sealers market is eventually having a rapid growth in the forecast period.
List of Key Players in Global Concrete Sealers Market:
The key players in the market are Arkema, Axalta Coating systems, Bonstone Materials Corporation, The Euclid Chemical Company, Ready Mixed Concrete Association of Ontario, Dryvit Systems, Inc., Evonik Industries, Solomon Colors, United Gilsonite Laboratories and Sika AG. Ghostshield Siloxa-Tek 8500 is a product introduced by KreteTek industries which is a high quality concrete sealer with eco-friendly benefits.
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