Press release
Concrete Sealers Market 2026-2031 Growth Analysis, Trends and Future Forecasts
The global concrete sealers market generated $1.7 billion in 2021 and is projected to reach $3.1 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031.Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/A53699
Market Drivers and Growth Factors:
- The growth of the global concrete sealers market is primarily driven by the surge in building and construction activities worldwide and the growing popularity of DIY home improvement projects. Concrete sealers are increasingly used to enhance durability, aesthetics, and resistance against moisture, chemicals, and abrasion.
- In addition, robust economic growth and industrial expansion have increased the use of concrete sealers as protective coatings for washers, dryers, steel pipes, fittings, structural inserts, and industrial equipment, further supporting market growth.
- However, volatility and shortages in raw material supply, leading to higher product prices, are expected to restrain market expansion to some extent. Conversely, increased investments and strategic initiatives by major industry players are anticipated to create lucrative growth opportunities during the forecast period.
Report Coverage and Key Highlights:
- Forecast Period: 2022-2031
- Base Year: 2021
- Market Size in 2021: $1.7 billion
- Market Size in 2031: $3.1 billion
- CAGR: 6.4%
- Report Pages: 426
- Segments Covered: Type, Application, and Region
Key Drivers:
- Rising demand from the building and construction sector
- Strong growth in automotive and transportation industries
- Rapid industrial development
Opportunities:
- Emergence of DIY and home renovation projects
- Increasing use of concrete sealers in commercial infrastructure
Restraints:
- Price volatility of raw materials
- Health and environmental concerns associated with certain sealers
Segment Analysis Insights:-
Penetrating Sealers to Retain Market Leadership:
- By type, the penetrating sealers segment accounted for over one-third of total market revenue in 2021 and is expected to maintain its dominant position throughout the forecast period. Their extensive use in driveways and transportation infrastructure as protective coatings is a key growth driver.
Meanwhile, the acrylics segment is projected to grow at the highest CAGR of 7.0% from 2022 to 2031.
Commercial Segment to Lead by Application:
- Based on application, the commercial segment contributed nearly two-fifths of total market revenue in 2021 and is anticipated to remain the leading segment through 2031. The same segment is also expected to witness the fastest CAGR of 6.7%, driven by expansion in commercial buildings, increasing workforce, and supportive government infrastructure initiatives.
Asia-Pacific to Dominate the Global Market:
- Regionally, Asia-Pacific held the largest market share in 2021, accounting for over two-fifths of global revenue, and is projected to maintain its dominance during the forecast period. The region is also expected to register the fastest CAGR of 7.1%, fueled by rapid growth in construction, transportation, chemical manufacturing, and industrial sectors.
Key Market Players:-
Major 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)
These companies are actively adopting strategies such as product launches, collaborations, expansions, joint ventures, and agreements to strengthen their market presence and expand their regional footprint. The report provides an in-depth analysis of their business performance, product portfolios, and strategic developments, offering valuable insights into the competitive landscape.
Obtain Report Details: https://www.alliedmarketresearch.com/concrete-sealers-market-A53699
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Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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