Concrete Sealer Market Analysis

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.

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.

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.