Market Research Report
Concrete Sealer Global Market Report 2022
|Concrete Sealer Global Market Report 2022|
The Business Research Company
Content info: 175 Pages
Delivery time: 2-10 business days
“Concrete Sealer Global Market Report 2022” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global concrete sealer market.
This report focuses on concrete sealer market which is experiencing strong growth. The report gives a guide to the concrete sealer market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
Where is the largest and fastest growing market for the concrete sealer? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The Concrete Sealer market global report” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider concrete sealer market, and compares it with other markets.
Major players in the concrete sealer market are: Curecrete Distribution (Ashford Formula and RetroPlate), Prosoco, Evonik, BASF, SealSource, AmeriPolish, LYTHIC, W. R. Meadows, Larsen, KreteTek Industries, Kimbol Sealer, Stone Technologies, Laticrete International, Nutech Paint, NewLook, Euclid Chemical, Henry Company, Chem Tec, Mapei, Nanofront, Suzhou Jinrun, Guangzhou Ontop Building Material, PPG Industries, Valspar Corporation, Omnova Solutions, Sika AG, FiberTite, Seaman Corporation, Xypex Chemical Corp., PPG Architectural Finishes, Incorporated-PPG Paints, and Kelly-Moore Paints.
The global concrete sealer market is expected to grow from $1.07 billion in 2021 to $1.13 billion in 2022 at a compound annual growth rate (CAGR) of 5.66%. The growth is mainly due to the companies' resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1.56 billion in 2026 at a CAGR of 8.34%.
The concrete sealer market consists of sales of concrete sealers by entities (organizations, sole traders, partnerships) that are used to protect the concrete from surface damage, corrosion, and staining. The concrete sealer helps provide better efficiency and visual enhancement. The concrete sealer either blocks the pores in the concrete to reduce the absorption of water and salt or forms an impermeable layer that prevents water and salt from passing.
The main types of products of concrete sealers are silicate sealers, silane siloxane sealers, acrylic sealers, epoxy seakers, and others. Silicate sealers are better known as concrete densifiers. Silicate sealers help to reduce dust by increasing the surface strength of the concrete. These products function in different ways, such as topical and penetrating. These products are used in residential, commercial, and industrial applications.
North America was the largest region in the concrete sealer market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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 activities 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, the global construction market was valued at $10.7 trillion in 2020, and these emerging markets' contributions were valued at $5.7 trillion, according to Oxford Economics. Therefore, the growing construction spending in emerging economies is driving the growth of the concrete sealer market.
The development of technologically advanced, premium and thin-layer polyurethane 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 2020, Sika flooring and coating solutions contributed to the worldwide flooring construction material technology and developed "PU/PUA Hybrid", a new technology for carpark coatings, and also "Sikafloor 261," the first self-leveling floor upright application process.
In August 2021, Sika AG, a Swiss multinational specialty chemical company, acquired Shenzhen Landun Holding Co. Ltd. for an undisclosed amount. The acquisition is expected to provide new growth opportunities in the fast-growing Chinese waterproofing concrete market. Shenzhen Landun Holding Co., Ltd. is a manufacturer of waterproofing systems in China. The company offers a comprehensive range of waterproofing products and technologies.
The countries covered in the Concrete Sealer market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.