North America Concrete Sealer market size to exceed $250 Million by 2026
Published Date: June 16, 2020 Authors: Kiran Pulidindi, Sayan Mukherjee
According to a new research report by Global Market Insights, Inc., the North America Concrete Sealer Market size is likely to exceed USD 250 million by 2026. Rising concerns over old infrastructure in the U.S. will push construction repair and maintenance activities in the region directly driving the product demand during the forecast timeframe.
The concrete sealer are types of supportive materials that are utilized to protect the overall concrete surface. Moreover, these sealers can be helpful in damp or dry surfaces to coordinate with the substrate porosity by effectively infiltrating the moisture present in the surface. In addition, the construction chemical also helps in providing better surface protection, visual development and efficiency.
Swelling investments for infrastructure maintenance and repair activities to bolster product advancement
Rising construction spending across the major parts of the U.S. is propelling the construction activities in the region. The growing number of public and private sector investments for the development of residential & non-residential buildings is expected to drive the concrete sealers market in North America. Additionally, the rising need for remodeling and renovating existing aging infrastructure will again drive the North America concrete sealer market growth rate over the projected timeframe.
Moreover, the increasing demand for bio-based construction materials for limiting greenhouse gas radiations, bio-based sealers are gaining considerable advancements. These are also being adopted by the major manufacturers to capture the new consumer segments. In addition, widespread research and development operations for creating next-gen concrete sealer with high effectiveness and glossiness is expected to provide required enhancement to North America concrete sealer market.
However, stringent government regulations toward VOC emission from the construction chemicals will slow down the industry growth over the projected timeframe. Nevertheless, government bodies across the region are continuously developing regulations for enhancing environmental sustainability. Such trends are likely to drive innovation in the North America concrete sealer market and are expected to promote the usage of water-based concrete sealers over the forecast period.
Browse key industry insights spread across 180 pages with 132 market data tables & 32 figures & charts from the report, “North America Concrete Sealer Market By Product (Penetrating [Silicate, Siliconate, Silane, Siloxane], Acrylic, Epoxy, Film-forming, Polyurethane), By Application (Residential, Commercial, Industrial), Industry Analysis Report, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
Polyurethane sealers will demonstrate the highest growth rate
Polyurethane concrete sealers contains twice the thickness of an acrylic concrete sealer it creates a highly efficient coating over the concrete surface that offers exceptional resistivity to abrasion, corrosion and chemical stains. It is likely to be one of the most popular type of concrete sealer in the market that is growing with a CAGR of 3.7% through 2026. These are present both in solvent and water-based solutions and a variety of gloss levels. Additionally, it can be efficiently used both on exterior and interior concrete to convey a highly durable, non-yellowing and transparent finish.
Most polyurethane formulations are dampness intolerant until they go through a curing process, therefore it should not be used on surfaces with any presence of moisture. These sealers also don’t permit for water particles to vapor out of the concrete pavement, which can bring durability issues on concrete surfaces, for instance driveways, sidewalks etc.
Product consumption from residential buildings is projected to surge by 2026
Residential buildings involve the infrastructure of both multi-family and individual residences. These dwellings involve manufactured or single-unit housing for instance apartment buildings, pre-built houses, duplexes, mobile homes, etc. During 2008 and 2018, people across the world observed a population boom of over 24%, which in turn heightened the residential construction activities in the region.
The U.S. significantly contributes to this swift advancement along with growing updated construction procedures that would further surge the residential construction activities, resulting in boosting the concrete sealer demand during the forecast timeframe. In residential applications, the product is mainly applied to seal cracks and damages in concrete surfaces and walls to shield against dust, water and moisture. Residential buildings will hold a share of more than 25% of the total North America concrete sealer market by the end of the forecast period.
The major players available in the North America concrete sealer industry are Euclid Chemical Company, BASF, Tennant Co., Ameripolish, Evonik Industries, PPG Industries, Omnova Solutions, Mapei Construction Products, Laticrete International, Nutech Paint, SealBond Inc., Prosoco, W. R. Meadows, Vexcon Chemicals, Inc., Valsper Corp., etc.
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