Polymer Modified Cementitious Coatings Market Rising Demand for Rapid Urbanization and the Industrial Revolution

According to Precision Business Insights (PBI), the latest report the global polymer modified cementitious coatings market is expected to be worth USD 1,293.1 million in 2022 and projected to grow at a 4.5% CAGR over 2022 to 2028. Factors such as rapid industrialization, urbanization, and architectural application usage drive the market growth rate from 2022 to 2028. Furthermore, factors expected to cushion the polymer-modified cementitious coatings market during the forecast period include growth in the construction industry, rising investment in the infrastructure sector, and rising government initiatives to support infrastructure development and construction activities will pave the way for market growth. Furthermore, rising demand for advanced waterproofing coatings and the increasing prevalence of geopolymer cement are expected to cushion overall market growth from 2022 to 2028. However, factors such as the limited shelf-life of these coatings are expected to stymie the development of the polymer-modified cementitious coatings market.

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The Residential Buildings Segment is Dominating the Polymer Modified Cementitious Coatings Market:
The Residential Buildings segment is expected to account for a larger revenue share, and the market is expected to grow at double-digit growth rate over the forecast years owing to cementitious coatings are typically two-part mixtures used behind the tile, over brickwork repair, and solid surfaces. Because of their cementitious nature and thus reliable holding quality, these above and beneath-grade waterproofing coatings have a strong affinity for cement and stonework substrates. Furthermore, the polymer modifier contributes to flexibility. It is used on a level rooftop in residential buildings as a consistent, impenetrable covering for both uncovered and concealed waterproofing applications in basements, water-holding structures, solid underground structures, pits, basins, sumps, and so on.

The Asia Pacific Leads Polymer Modified Cementitious Coatings Market:
The Asia Pacific is expected to hold a significant market share in the global Polymer Modified Cementitious Coatings market and is projected to grow at a prominent growth rate over the forecast year because of industrial development and improving economic conditions; the Asia Pacific region is an emerging and lucrative market for polymer modified cementitious coatings. Because this region contains approximately 60% of the world's population, polymer-modified cementitious coatings are widely used for waterproofing applications in residential and non-residential buildings, as well as public infrastructure.

Strategic New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players:
Global Polymer Modified Cementitious Coatings market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, In February 2020, Berger Paints and Fosroc International were to collaborate to Produce Construction Chemicals in Bangladesh. In December 2019, Arkema S.A. acquired LIP Bygningsartikler AS (LIP); with this acquisition, the company can meet customer demand in the Nordic countries.

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The global polymer modified cementitious coatings market detailed segmentation:
1) By Flexibility
Flexible
Non-flexible

2) By Composition
One-component
Two-component

3) By Polymer type
Acrylic Polymer
SBR Latex

4) By Application
Non-residential Buildings
Residential Buildings
Public Infrastructure

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Key player's profiles in the polymer modified cementitious coatings market report are Akzo Nobel N.V., Arkema S.A., BASF SE, Berger Paints India Limited, Evercrete, Fosroc, Inc, H.B. Fuller, MAPEI S.p.A, Pidilite Industries Limited, Saint-Gobain Weber, Sika AG.

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