Concrete Sealer Market Size By Product (Penetrating [Silicate, Siliconate, Silane, Siloxane], Acrylic, Epoxy, Film-forming, Polyurethane), By Application (Residential, Commercial, Industrial), Industry Analysis Report, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Published on: 2024-07-08 | No of Pages : 240 | Industry : Construction
Publisher : MRA | Format : PDF&Excel
Concrete Sealer Market Size By Product (Penetrating [Silicate, Siliconate, Silane, Siloxane], Acrylic, Epoxy, Film-forming, Polyurethane), By Application (Residential, Commercial, Industrial), Industry Analysis Report, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Concrete Sealer Market Size By Product (Penetrating [Silicate, Siliconate, Silane, Siloxane], Acrylic, Epoxy, Film-forming, Polyurethane), By Application (Residential, Commercial, Industrial), Industry Analysis Report, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Concrete Sealer Market Size
Concrete Sealer Market size was valued at USD 1.6 billion in 2020 and is estimated to exhibit over 6% CAGR from 2021 to 2027. High product demand in flooring applications due to enhanced physical appearance will fuel the market growth during the forecast period.
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Concrete sealers are a class of sealers applied to concrete for protection against corrosion, staining, and surface damages. These sealers work mainly in two ways, either by forming a barrier or by blocking concrete pores. Concrete sealers are manufactured using many chemical combinations and epoxy, acrylic & polyurethane are some of the most commonly used binders.
The concrete sealer market is forecast to witness strong growth across the construction industry owing to high product demand in flooring applications and enhanced physical appearance. Moreover, the growing demand for aesthetic flooring requirements in driveways, garages, sidewalks, courtyards, and parking lots across the globe is likely to boost the market expansion during the forecast period. The rising demand for bio-based materials to limit greenhouse gas emissions is also anticipated to create new opportunities in the market over the coming years.
Concrete sealers find a wide range of applications across various sectors including residential, commercial, industrial, and others, such as institutional and municipal constructions, led by their exceptional properties, i.e., abrasion resistance, UV stability, longevity, etc. These sealers are used in various applications such as densifiers & hardeners, oil & stain repellents, curing agents, and others. Construction activities across the globe coupled with the increasing demand for aesthetically appealing flooring systems are poised to generate huge revenue gains during the forecast timeline.
The ongoing COVID-19 pandemic has a significant impact on the demand for concrete sealer market across the globe. It is due to the suspension of construction projects and irregular investment flows along with the disruption in supply chains. Governments of various countries across the globe have adopted several measures, such as lockdowns, limited workforce, closure of manufacturing facilities, etc., to restrict the spread of the pandemic. These measures have consequently resulted in a temporary halt in the ongoing construction activities and a stop in new project investments. These factors will further disrupt the normal working of the construction sector across the globe, in turn, acting as a major restraint in the overall market progression. The overall market exhibited a decline of 8% in terms of revenue in 2020.
| Report Attribute | Details |
|---|---|
| Base Year | 2020 |
| Concrete Sealer Market Size in 2020 | USD 1.6 Billion |
| Forecast Period | 2021 to 2027 |
| Forecast Period 2021 to 2027 CAGR | 6.0% |
| 2027 Value Projection | 2.4 Billion |
| Historical Data for | 2016 to 2020 |
| No. of Pages | 405 |
| Tables, Charts & Figures | 587 |
| Segments covered | Product, Application, End-user, Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
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Concrete Sealer Market Analysis
Film-forming concrete sealer market accounted for 18% of the revenue share in 2020 and is expected to reach USD 660 million by 2027. Film-forming concrete sealers are often used for indoor flooring. These concrete sealers possess excellent properties, such as durability, which make them highly desirable in garage floor and retail environments. These sealers form a barrier on the concrete surface, thereby acting as an effective corrosion preventive measure.
Polyurethane concrete sealers captured 17% of revenue share in 2020 and is projected to observe a 6% growth rate by 2027. These sealers act as a high-build film on the concrete and provide excellent resistance against abrasion and chemicals. These polyurethane sealers can be used in exterior and interior concretes and impart a highly effective finish. These sealants do not allow vapor to escape from the concrete, which may act as a barrier in the segment growth.
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The commercial application in the concrete sealer market is predicted to generate a revenue of over USD 820 million by 2027 on account of the growing demand for commercial infrastructure across the globe coupled with an increasing demand for aesthetic flooring solutions.
The industrial sector will hold 27% of revenue share by 2027 owing to growing industrial sector mainly in the developing regions. Governments in developing countries are improving their country’s economic performance by investing heavily in industrial infrastructure development, consequently affecting the segment expansion.
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Asia Pacific concrete sealer market accounted for over 53% of revenue share in 2020 and will cross more than USD 1.2 Billion by 2027. APAC construction sector is on the rise impelled by the growing population followed by rapid industrialization and urbanization. The increasing demand for housing in the region has resulted in huge investments in new & renovation of residential infrastructure, in turn, adding to the overall market. Additionally, the rising development in the industrial sector, mainly in China, India, and Japan, is slated to further propel the market value in the coming years.
North America concrete sealer market captured 11% of revenue share in 2020. North America is likely to exhibit tremendous revenue gains since the revival of the U.S. construction industry from recessionary conditions. The U.S. market is highly fragmented with the presence of large small-scale players. Heavy industrialization, enhanced infrastructure, consumer acceptance, and high consumer spending in North America are the factors boosting the market in the region. Moreover, the increasing need for restoration and repair of aging buildings is further drive the requirement for concrete sealers in North America region. However, stringent regulations on the use of solvent-based sealers in the region are anticipated to act as a major factor restraining the overall market revenue.
Concrete Sealer Market Share
Some of the prominent players in the concrete sealer market are
- BASF SE
- Evonik Industries
- Omnova Solutions
- PPG Industries
- Sika AG
- Arkema
- Laticrete International
- Mapei Construction Products
- Valspar Corp.
- Vexcon Chemicals, Inc.
The concrete sealer market industry research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons and revenue in USD Million from 2017 to 2027 for the following segments
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Market, by Type
- Penetrating
- Silicate
- Siliconate
- Silane
- Siloxane
- Acrylic
- Epoxy
- Film-forming
- Polyurethane
- Others
Market, By Application
- Residential
- Commercial
- Industrial
- Others
The above information is provided on a regional and country basis for the following
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Asia Pacific
- China
- India
- Japan
- Australia
- Indonesia
- Malaysia
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Table of Content
Report Content
Chapter 1 Methodology and Scope
1.1 Market definitions
1.2 Base estimation & working
1.2.1 North America
1.2.2 Europe
1.2.3 Asia Pacific (APAC)
1.2.4 Latin America (LATAM)
1.2.5 Middle East & Africa (MEA)
1.3 Forecast calculations
1.3.1 COVID-19 impact calculations on industry forecast
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
Chapter 2 Executive Summary
2.1 Concrete sealer market industry 360° synopsis, 2017-2027
2.1.1 Business trends
2.1.2 Product type trends
2.1.3 Application trends
2.1.4 Regional trends
Chapter 3 Concrete sealer market Industry Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2016 – 2026
3.2.1 COVID-19 impact on industry size
3.3 Industry ecosystem analysis
3.3.1 Profit margin analysis
3.3.2 Value addition at each stage
3.3.3 Distributor channel analysis
3.3.3.1 Value chain disruption analysis (COVID-19 impact)
3.4 Vendor matrix
3.4.1 List of key manufacturers/supplier
3.4.2 List of key/potential customers
3.4.3 List of key raw material suppliers
3.5 Raw material analysis
3.5.1 COVID-19 impact on raw material supply
3.6 Technology trends
3.7 Innovation & sustainability
3.7.1 Patent analysis
3.7.2 Technology landscape
3.7.3 Production process
3.7.4 Future trends
3.8 Industry impact forces
3.8.1 Growth drivers
3.8.2 Industry pitfalls & challenges
3.9 Regulatory landscape
3.10 Growth potential analysis
3.11 Competitive landscape, 2020
3.11.1 Company market share, 2020
3.11.2 Brand analysis
3.11.3 Key stakeholders
3.11.4 Strategy dashboard
3.12 Porter’s analysis
3.12.1 Supplier power
3.12.2 Buyer power
3.12.3 Threat of new entrants
3.12.4 Threat of substitutes
3.12.5 Industry rivalry
3.13 Regional price trends
3.13.1 Cost structure analysis
3.13.1.1 R&D cost
3.13.1.2 Manufacturing & equipment cost
3.13.1.3 Raw material cost
3.13.1.4 Distribution cost
3.13.1.5 Operating cost
3.13.1.6 Miscellaneous cost
3.14 PESTEL analysis
3.15 COVID-19 impact on concrete sealers demand by application
3.15.1 Residential
3.15.2 Commercial
3.15.3 Industrial
3.15.4 Others
Chapter 4 Concrete Sealer Market, By Product Type
4.1 Global Concrete sealer market type insights
4.2 Penetrating
4.2.1 Market estimates and forecasts, 2017-2027
4.2.2 Market estimates and forecast, by region, 2017-2027
4.2.3 Silicate
4.2.3.1 Market estimates and forecasts, 2017-2027
4.2.3.2 Market estimates and forecast, by region, 2017-2027
4.2.4 Siliconates
4.2.4.1 Market estimates and forecasts, 2017-2027
4.2.4.2 Market estimates and forecast, by region, 2017-2027
4.2.5 Silane
4.2.5.1 Market estimates and forecasts, 2017-2027
4.2.5.2 Market estimates and forecast, by region, 2017-2027
4.2.6 Siloxane
4.2.6.1 Market estimates and forecasts, 2017-2027
4.2.6.2 Market estimates and forecast, by region, 2017-2027
4.3 Acrylic
4.3.1 Market estimates and forecasts, 2017-2027
4.3.2 Market estimates and forecast, by region, 2017-2027
4.4 Epoxy
4.4.1 Market estimates and forecasts, 2017-2027
4.4.2 Market estimates and forecast, by region, 2017-2027
4.5 Film forming
4.5.1 Market estimates and forecasts, 2017-2027
4.5.2 Market estimates and forecast, by region, 2017-2027
4.6 Polyurethane
4.6.1 Market estimates and forecasts, 2017-2027
4.6.2 Market estimates and forecast, by region, 2017-2027
4.7 Others
4.7.1 Market estimates and forecasts, 2017-2027
4.7.2 Market estimates and forecast, by region, 2017-2027
Chapter 5 Concrete Sealer Market, By Application
5.1 Global Concrete sealer market application insights
5.2 Residential
5.2.1 Market estimates and forecasts, 2017-2027
5.2.2 Market estimates and forecast, by region, 2017-2027
5.3 Commercial
5.3.1 Market estimates and forecasts, 2017-2027
5.3.2 Market estimates and forecast, by region, 2017-2027
5.4 Industrial
5.4.1 Market estimates and forecasts, 2017-2027
5.4.2 Market estimates and forecast, by region, 2017-2027
5.5 Others
5.5.1 Market estimates and forecasts, 2017-2027
5.5.2 Market estimates and forecast, by region, 2017-2027
Chapter 6 Concrete Sealer market, By Region
6.1 Global Concrete sealer market regional insights
6.2 North America
6.2.1 Market estimates and forecast, 2017-2027
6.2.2 Market estimates and forecast product by application, 2017-2027
6.2.3 Market estimates and forecast by application, 2017-2027
6.2.4 U.S.
6.2.4.1 Market estimates and forecast, 2017-2027
6.2.4.2 Market estimates and forecast product by application, 2017-2027
6.2.4.3 Market estimates and forecast by application, 2017-2027
6.2.5 Canada
6.2.5.1 Market estimates and forecast, 2017-2027
6.2.5.2 Market estimates and forecast product by application, 2017-2027
6.2.5.3 Market estimates and forecast by application, 2017-2027
6.3 Europe
6.3.1 Market estimates and forecast, 2017-2027
6.3.2 Market estimates and forecast product by application, 2017-2027
6.3.3 Market estimates and forecast by application, 2017-2027
6.3.4 Germany
6.3.4.1 Market estimates and forecast, 2017-2027
6.3.4.2 Market estimates and forecast product by application, 2017-2027
6.3.4.3 Market estimates and forecast by application, 2017-2027
6.3.5 UK
6.3.5.1 Market estimates and forecast, 2017-2027
6.3.5.2 Market estimates and forecast product by application, 2017-2027
6.3.5.3 Market estimates and forecast by application, 2017-2027
6.3.6 France
6.3.6.1 Market estimates and forecast, 2017-2027
6.3.6.2 Market estimates and forecast product by application, 2017-2027
6.3.6.3 Market estimates and forecast by application, 2017-2027
6.3.7 Italy
6.3.7.1 Market estimates and forecast, 2017-2027
6.3.7.2 Market estimates and forecast product by application, 2017-2027
6.3.7.3 Market estimates and forecast by application, 2017-2027
6.3.8 Spain
6.3.8.1 Market estimates and forecast, 2017-2027
6.3.8.2 Market estimates and forecast product by application, 2017-2027
6.3.8.3 Market estimates and forecast by application, 2017-2027
6.3.9 Russia
6.3.9.1 Market estimates and forecast, 2017-2027
6.3.9.2 Market estimates and forecast product by application, 2017-2027
6.3.9.3 Market estimates and forecast by application, 2017-2027
6.4 Asia Pacific
6.4.1 Market estimates and forecast, 2017-2027
6.4.2 Market estimates and forecast product by application, 2017-2027
6.4.3 Market estimates and forecast by application, 2017-2027
6.4.4 China
6.4.4.1 Market estimates and forecast, 2017-2027
6.4.4.2 Market estimates and forecast product by application, 2017-2027
6.4.4.3 Market estimates and forecast by application, 2017-2027
6.4.5 India
6.4.5.1 Market estimates and forecast, 2017-2027
6.4.5.2 Market estimates and forecast product by application, 2017-2027
6.4.5.3 Market estimates and forecast by application, 2017-2027
6.4.6 Japan
6.4.6.1 Market estimates and forecast, 2017-2027
6.4.6.2 Market estimates and forecast product by application, 2017-2027
6.4.6.3 Market estimates and forecast by application, 2017-2027
6.4.7 Australia
6.4.7.1 Market estimates and forecast, 2017-2027
6.4.7.2 Market estimates and forecast product by application, 2017-2027
6.4.7.3 Market estimates and forecast by application, 2017-2027
6.4.8 Indonesia
6.4.8.1 Market estimates and forecast, 2017-2027
6.4.8.2 Market estimates and forecast product by application, 2017-2027
6.4.8.3 Market estimates and forecast by application, 2017-2027
6.4.9 Malaysia
6.4.9.1 Market estimates and forecast, 2017-2027
6.4.9.2 Market estimates and forecast product by application, 2017-2027
6.4.9.3 Market estimates and forecast by application, 2017-2027
6.5 Latin America
6.5.1 Market estimates and forecast, 2017-2027
6.5.2 Market estimates and forecast product by application, 2017-2027
6.5.3 Market estimates and forecast by application, 2017-2027
6.5.4 Brazil
6.5.4.1 Market estimates and forecast, 2017-2027
6.5.4.2 Market estimates and forecast product by application, 2017-2027
6.5.4.3 Market estimates and forecast by application, 2017-2027
6.5.5 Mexico
6.5.5.1 Market estimates and forecast, 2017-2027
6.5.5.2 Market estimates and forecast product by application, 2017-2027
6.5.5.3 Market estimates and forecast by application, 2017-2027
6.6 Middle East & Africa
6.6.1 Market estimates and forecast, 2017-2027
6.6.2 Market estimates and forecast product by application, 2017-2027
6.6.3 Market estimates and forecast by application, 2017-2027
6.6.4 Saudi Arabia
6.6.4.1 Market estimates and forecast, 2017-2027
6.6.4.2 Market estimates and forecast product by application, 2017-2027
6.6.4.3 Market estimates and forecast by application, 2017-2027
6.6.5 South Africa
6.6.5.1 Market estimates and forecast, 2017-2027
6.6.5.2 Market estimates and forecast product by application, 2017-2027
6.6.5.3 Market estimates and forecast by application, 2017-2027
6.6.6 UAE
6.6.6.1 Market estimates and forecast, 2017-2027
6.6.6.2 Market estimates and forecast product by application, 2017-2027
6.6.6.3 Market estimates and forecast by application, 2017-2027
Chapter 7 Company Profiles
7.1 BASF
7.1.1 Business Overview
7.1.2 Financial Data
7.1.3 Product Landscape
7.1.4 Strategic Outlook
7.1.5 SWOT Analysis
7.2 Evonic
7.2.1 Business Overview
7.2.2 Financial Data
7.2.3 Product Landscape
7.2.4 Strategic Outlook
7.2.5 SWOT Analysis
7.3 Omnava Solutions.
7.3.1 Business Overview
7.3.2 Financial Data
7.3.3 Product Landscape
7.3.4 Strategic Outlook
7.3.5 SWOT Analysis
7.4 PPG Industries
7.4.1 Business Overview
7.4.2 Financial Data
7.4.3 Product Landscape
7.4.4 Strategic Outlook
7.4.5 SWOT Analysis
7.5 SIKA AG
7.5.1 Business Overview
7.5.2 Financial Data
7.5.3 Product Landscape
7.5.4 Strategic Outlook
7.5.5 SWOT Analysis
7.6 Arkema
7.6.1 Business Overview
7.6.2 Financial Data
7.6.3 Product Landscape
7.6.4 Strategic Outlook
7.6.5 SWOT Analysis
7.7 Laticrete International
7.7.1 Business Overview
7.7.2 Financial Data
7.7.3 Product Landscape
7.7.4 Strategic Outlook
7.7.5 SWOT Analysis
7.8 Mapei
7.8.1 Business Overview
7.8.2 Financial Data
7.8.3 Product Landscape
7.8.4 Strategic Outlook
7.8.5 SWOT Analysis
7.9 Valspar
7.9.1 Business Overview
7.9.2 Financial Data
7.9.3 Product Landscape
7.9.4 Strategic Outlook
7.9.5 SWOT Analysis
7.10 Vexon
7.10.1 Business Overview
7.10.2 Financial Data
7.10.3 Product Landscape
7.10.4 Strategic Outlook
7.10.5 SWOT Analysis