The concrete sealers industry is a segment of the construction and building materials industry that specializes in the production and distribution of products designed to protect and enhance the durability of concrete surfaces. Concrete sealers are applied to both new and existing concrete surfaces to provide various benefits, including protection against moisture, chemicals, UV radiation, abrasion, and stains. They can also enhance the appearance of concrete by adding gloss or enhancing color.
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.
Here are some key aspects of the concrete sealers industry:
Types of Concrete Sealers:
- Penetrating Sealers: These sealers are absorbed into the concrete pores and provide protection from within. They do not alter the appearance of the concrete.
- Surface Sealers: These sealers form a protective layer on the surface of the concrete. They can be categorized as acrylic, epoxy, polyurethane, and other types, each with its own characteristics and applications.
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.
Applications:
- Residential: Concrete sealers are commonly used for driveways, patios, garage floors, and basement floors in residential properties.
- Commercial: In commercial settings, they are used for parking structures, warehouses, retail spaces, and industrial facilities.
- Infrastructure: Concrete sealers are applied to bridges, highways, airports, and other infrastructure to protect against environmental factors and extend the lifespan of the structures.
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.
Benefits:
- Moisture Resistance: Concrete sealers prevent water infiltration, reducing the risk of cracks, freeze-thaw damage, and efflorescence.
- Chemical Resistance: They protect concrete from damage caused by chemicals, including oil, gasoline, and de-icing salts.
- UV Protection: Some sealers contain UV inhibitors to prevent the fading and deterioration of colored concrete surfaces.
- Stain Resistance: They can make concrete surfaces easier to clean and resistant to stains from substances like oil, wine, and food.
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.
Market Growth:
- The demand for concrete sealers is closely tied to the construction industry’s health, with growth driven by new construction projects, renovations, and maintenance.
- Sustainability concerns and stricter environmental regulations have led to the development of eco-friendly and low-VOC (volatile organic compound) sealers.
Key Players:
- The industry includes a range of manufacturers and suppliers, both large and small. Some well-known companies in the concrete sealers industry include Sika AG, BASF SE, The Sherwin-Williams Company, and Euclid Chemical Company, among others.
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.
Innovations:
- Ongoing research and development efforts focus on creating more durable and environmentally friendly sealers.
- Advances in nanotechnology have led to the development of nano sealers, which can penetrate deeper into concrete and provide enhanced protection.
The concrete sealers industry plays a vital role in ensuring the longevity and performance of concrete structures and surfaces, offering a wide range of solutions to meet various construction and maintenance needs. The industry continues to evolve in response to changing environmental standards and technological advancements.
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
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