Concrete Sealers Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI2537
Concrete Sealers Market size is forecast to witness stronger growth across emerging belts owing to high demand in flooring industries, enhanced physical appearance, demand among the high-income group along with rising application for driveways, garages, and parking lots including sidewalks, courtyards, patio across the world.
Concrete Sealers are applied to concrete to beautify and shield driveways, parking lots, and pavement & blocks from surface damages, corrosion, and staining. Concrete sealers offer a host of advantages including lower fuel, water infiltration, added aesthetics, and improved lifecycle of the paved material and provides topical protection to the surface from stains and chemicals.
The major market drivers are high demand in flooring manufacture industries, enhanced physical appearance, demand among the high-income group. Furthermore, increase in the global passenger vehicle sales by around 5% in 2016 which will eventually boost the demand for driveways, garages, and parking lots including sidewalks, courtyards, patio across the world. Extensive use of concrete in constructions and growing focus towards durable structures will have a significant influence on the global concrete sealers market in coming years. New entrants are concentrating on producing bio-based and acrylic concrete sealers, while existing enterprises are engaged in the development of next-gen, highly efficient, and budget sealers. Extending research & development activities in soy-bean based bio-sealers are likely to offer large opportunities for the product market in the future. Demand for such alternatives will reduce the maintenance cost & increase the shelf life of pavements.
Further the market trend might decline due to manufacturing cost of concrete sealers, which is an important aspect for manufacturers, competitors, raw material pricing, processing cost, labor cost, energy cost, etc. On the other hand, coal-tar based sealers are most potent sources of polycyclic aromatic hydrocarbons (PAH), the presence of which is known to harm living organisms in the vicinity. Growing governmental outlaws for coal-tar based sealers in several states across U.S. and forthcoming bans in other counties will likely to obstruct the market growth. The City of Austin, Texas and U.S. geological survey reported various studies which claimed that Refined Tar-Based Sealants are majorly responsible for PAHs pollution during pavement runoff. As a result, several organizations in the region have banned their usage in many applications, which is adversely impacting the market in North America.
Concrete sealers market segment by type covers penetrating concrete sealers (silicate, siliconates, silane, siloxane), acrylic concrete sealer, epoxy sealers, film-forming sealers, polyurethane concrete sealer, and others such as polyaspartics, tinted concrete sealers, high gloss sealers, etc. Silicates have a significant demand among consumers because they are frequently used for polishing concrete floors, popularly in large retail outlets. Acrylics are applied on exterior surfaces to provide protection against water, chloride intrusion, UV rays, abrasive resistance. Silane is frequently used in sealing dense concrete, such as parking decks, concrete facades, dense brick, etc. Epoxy concrete sealers produce a very hard, long lasting, abrasion resistant finish.
Some of the common applications for concrete sealers market are residential, commercial, industrial, and other buildings (institutional, agricultural, etc.). Commercially, concrete sealers are used as curing agent, densifiers & hardeners, oil & stain repellents, warehouses, loading docks & storage facilities, chimneys and fireplaces, historical places and others. It finds its uses in installation of pool deck, fixing scratches in countertop surfaces, installing stamped concrete.
Geographically, the concrete sealers market has been segmented into regions such as North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA). Gains will continue to be driven by healthy increases in construction activities in developing countries throughout the Asia Pacific, Africa and Middle east regions. North America is likely to post strong gains since the U.S. constructions industry rebounds from recessionary conditions that began in 2007. The industry is characterized by a highly fragmented market with a large number of small-scale players.
The concrete sealers market competitive landscape includes key players such as Ameripolish, BASF, Curecrete Distributions, Euclid Chemical Company, Evonik Industries, Larsen Building Products, Laticrete International, Mapei Construction Products, Nutech Paint, Prosoco, Seal Source, W. R. Meadows, and others.
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