Press release
Concrete Sealer Market Size, Growth Drivers, Trends And Analysis 2024-2033
Concrete Sealer Market
The Business Research Company offers in-depth market insights through Concrete Sealer Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The concrete sealer market size has grown strongly in recent years. It will grow from $1.2 billion in 2023 to $1.29 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to growth of industrial sectors, increased construction activities, infrastructure development, rising awareness about the benefits of concrete protection, stringent regulations regarding environmental protection.
The concrete sealer market size is expected to see strong growth in the next few years. It will grow to $1.66 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to increase in the number of smart cities projects by governments, high product demand in flooring applications, growing demand for aesthetic flooring requirements, urbanization and redevelopment. Major trends in the forecast period include nano-sealers, stain-resistant sealers, product launch with advanced features and customized product offerings, customization with color sealers, digitalization in maintenance, polished concrete finishes.
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Market Segmentation:
The concrete sealer market covered in this report is segmented -
1) By Function: Topical, Penetrating
2) By Product: Silicate Sealers, Silane Siloxane Sealers, Acrylics Sealers, Epoxy Sealers, Other Products
3) By Application: Residential, Commercial, Industrial
Major Driver - Growing Construction Spending Drives The Growth Of The Concrete Sealer Market
Growing construction spending in emerging economies is expected to propel the growth of the concrete sealer market. Evidence is present to prove the existence of a positive relationship between economic growth and the level of construction activities in developing countries. Based on a study of United Nations time series data, comparisons are made for three groups of countries, classified according to the World Bank, in order to investigate the relationship between rapid economic growth and construction activity in growing economies. It has proved that emerging economies appear to be catching up to the built asset wealth of more developed economies. For instance, in October 2023, according to the US Census Bureau, a US-based main entity in the United States Federal Data System in charge of producing economic and population information, construction spending in August 2023 is predicted to exceed $1,983.5 billion, up 7.4 percent (1.8 percent) from $1,847.3 billion in August 2022. Therefore, the growing construction spending in emerging economies is driving the growth of the concrete sealer market.
Competitive Landscape:
Major companies operating in the concrete sealer market report are Curecrete Distribution Inc., Prosoco Inc., Evonik Industries AG, BASF SE, SealSource Inc., AmeriPolish Inc., Monoflux Refra Lythic Private Limited, W. R. Meadows Inc., Larsen & Toubro Limited, KreteTek Industries Inc., Kimbol Sealer Ltd., Stone Technologies Ltd., Laticrete International Inc., Nutech Paint Pty Ltd., NewLook Ltd., Euclid Chemical Co., Henry Company, Dev's Chem Tec Private Limited, Mapei SPA, PPG Industries Inc., Omnova Solutions Inc., Sika AG, FiberTite Seaman Corporation, Xypex Chemical Corp., PPG Architectural Finishes Incorporated, Kelly-Moore Paints Co. Inc., Akzo Nobel N. V., Axalta Coating Systems LLC, Endura Manufacturing Company Ltd., Kansai Paint Co. Ltd., Nippon Paint Holdings Co. Ltd., RPM International Inc., Arkema SA, Vexcon Chemicals Inc., Indcon Inc., Covertec Products LLC, MSC Industrial Supply Co., Key Resin Co., ChemMasters Inc.
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Top Trend - Development Of Technologically Advanced Concrete Sealers
The development of technologically advanced concrete sealers are key trends gaining popularity in the concrete sealer market. Technological advancement is the discovery of knowledge that contributes to growth. For instance, in January 2022, W.R. Meadows Inc., a US-based manufacturing company of construction materials, launched PENTREAT 244-40 W/B and PENTREAT 244-20 W/B. The products include water-resistant sealers, PENTREAT 244-40 W/B with 40% silane content and PENTREAT 244-20 W/B with 20% silane content, that are appreciated for preventing chloride-induced rebar corrosion, scaling, spalling, and freeze-thaw damage. The features of the products are superior water-resistant sealants with high performance and permeable, penetrating properties. Protects concrete and masonry surfaces by reducing water and salt penetration. Reduces surface spalling on concrete. Increases the lifespan of concrete and masonry constructions. It penetrates the surface to provide optimal protection.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Concrete Sealer Market Characteristics
3. Concrete Sealer Market Trends And Strategies
4. Concrete Sealer Market - Macro Economic Scenario
5. Concrete Sealer Market Size And Growth
…..
27. Concrete Sealer Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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