According to the report, the global concrete sealers industry generated $1.7 billion in 2021, and is estimated to reach $3.1 billion by 2031, witnessing a CAGR of 6.4% from 2022 to 2031.
The surge in demand for building and construction activity and emergence of DIY projects have enhanced the growth of the global concrete sealers market. In addition, strong economic growth has surged the establishments of industries where concrete sealers are used as a protective coating for washers, driers, steel pipes, fittings, structural inserts, and industrial equipment. This may propel the growth of the concrete sealers market. However, shortages of raw materials have led to an increase in the price of concrete sealers, which in turn, is expected to restrain the market growth. However, a rise in investment by the major key players is expected to create lucrative opportunities in the industry.
Get Sample of this Premium Report: https://www.alliedmarketresearch.com/request-sample/54174
Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $3.1 billion |
| Market Size in 2031 | $1.7 billion |
| CAGR | 6.4% |
| No. of Pages in Report | 426 |
| Segments covered | Type, Application, and Region. |
| Drivers | Escalating demand from building and construction sector Robust demand from automotive and transportation sector Expansion of industrial development |
| Opportunities | Emergence of DIY projects Growing demand for concrete sealers in the commercial sectors |
| Restraints | Volatility in prices of concrete sealers and other restraining factor associated with it Side effect of using concrete sealers |
Based on type, the pertaining sealers segment held the highest market share in 2021, accounting for more than one-third of the global concrete sealers market revenue and is estimated to maintain its leadership status throughout the forecast period. Sustained economic growth has surged the need for a faster and more reliable mode of transportation where pertaining concrete sealers are widely used as a protective coating on driveways. This may act as one of the key drivers responsible for the growth of the concrete sealers market. Furthermore, factors such as increase in disposable income, technological upgrades, and a spurring rise in number of original equipment manufacturers (OEMs) have led the automotive & transportation sector to witness significant growth where pertaining concrete sealers are used as a coating for corrosion resistance purposes. However, the acrylics segment is projected to manifest the highest CAGR of 7.0% from 2022 to 2031.
𝐁𝐮𝐝𝐠𝐞𝐭 𝐋𝐢𝐦𝐢𝐭𝐚𝐭𝐢𝐨𝐧? 𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐮𝐬 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐚𝐥 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐚𝐧𝐝 𝐏𝐫𝐢𝐜𝐢𝐧𝐠 @ https://bit.ly/3UBmIzy
Based on application, the commercial segment accounted for the largest share in 2021, contributing to nearly two-fifth of the global concrete sealers market revenue, and is estimated to maintain its leadership status throughout the forecast period. The same segment is projected to manifest the highest CAGR of 6.7% from 2022 to 2031. The expansion of the commercial industry and increase in working population and government schemes and high potential investment in developing commercial building across the globe has driven the concrete sealers market.
Based on region, Asia-Pacific held the highest market share in terms of revenue in 2021, accounting for more than two-fifths of the global concrete sealers market revenue and is estimated to maintain its leadership status throughout the forecast period. Moreover, the same region is expected to witness the fastest CAGR of 7.1% from 2022 to 2031, owing to the rise in building & construction, transportation, chemical manufacturing, and other sectors have enhanced the performance of the concrete sealers in the Asia-Pacific region.
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
The report provides a detailed analysis of these key players of the global concrete sealers market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Want to Access the Statistical Data and Graphs, Key Players’ Strategies: https://www.alliedmarketresearch.com/concrete-sealers-market/purchase-options
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. 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.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com