The surge in demand for building and construction activity and emergence of DIY projects drive the growth of the global concrete sealers market.
WILMINGTON, DELAWARE, UNITED STATES, June 25, 2024 /EINPresswire.com/ — Concrete Sealers Market by Type (Pertaining Sealers, Acrylics, Polyurethane, Epoxies, and Others), Application (Building and Construction, Industrial, Commercial, and Others), And Region (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022-2031
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Key Highlights:
– Market Size:
– 2021: $1.7 billion
– 2031: $3.1 billion
– CAGR: 6.4% (2022-2031)
Prime Determinants of Growth
Growth Drivers:
– Surge in Building and Construction: Increased demand for construction activities boosts the use of concrete sealers.
– Rise in DIY Projects: Growing trend in do-it-yourself projects promotes the use of sealers.
– Industrial Growth: Expansion of industries increases the need for protective coatings on industrial equipment.
Opportunities:
– DIY Projects: The popularity of home improvement projects creates a growing market for concrete sealers.
– Commercial Sector Demand: Increased investment in commercial buildings spurs demand for sealers.
Challenges:
– Raw Material Shortages: Volatility in raw material prices constrains market growth.
– Price Increases: Rising costs of sealers may hinder market expansion.
Market Segmentation
By Type:
– Pertaining Sealers
– 2021 Market Share: >33%
– Growth Drivers: Used widely in transportation for protective coatings.
Acrylics
– CAGR: 7.0% (2022-2031)
By Application:
– Commercial
– 2021 Market Share: ~40%
– CAGR: 6.7% (2022-2031)
– Growth Drivers: Expansion in the commercial sector boosts demand for sealers.
By Region:
Asia-Pacific
– 2021 Market Share: >40%
– CAGR: 7.1% (2022-2031)
– Growth Drivers: Robust development in construction, transportation, and manufacturing sectors.
Leading Market Players
– 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 engage in strategic initiatives such as new product launches, collaborations, and expansions to enhance their market position.
Comprehensive Report Details
Report Coverage:
– Segments: Type, Application, Region
– Base Year: 2021
– Forecast Period: 2022-2031
– Total Pages: 426
In-depth Analysis:
The report provides extensive analysis of market trends, key players’ strategies, and growth opportunities. It highlights business performance, operating segments, and competitive strategies.
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