Concrete Sealers Market Outlook - 2031
The global concrete sealers market growth was valued at $1.7 billion in 2021, and is projected to reach $3.1 billion by 2031, growing at a CAGR of 6.4% from 2022 to 2031.
Report key highlighters:
- The report outlines the current concrete sealers market trends and future scenario of the market from 2022 to 2031 to understand the prevailing opportunities and potential investment pockets.
- The concrete sealers market size has been analyzed in terms of value ($Million) and volume (Kilotons). The analysis in the report is provided on the basis of material type, battery type, casing type, 4 major regions, and more than 15 countries.
- The concrete sealers market is consolidated in nature with few players such as 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., which holds significant share of the market.
- The report provides strategy planning and industry dynamics to enhance decision making for existing market players and new entrants entering the concrete sealers industry.
- Countries such as China, U.S., India, Germany, and Brazil hold a significant share in the global concrete sealers market.
Concrete sealers are obtained by using acrylic nanoparticles, silicone-based materials, and other materials which includes linseed oil solutions, acrylic, epoxy, and polyurethane materials which gives concrete sealers additional protection. It nis mainly applied on concrete surfaces to protect it from damages, staining, and corrosion. The properties of concrete sealers such as corrosion resistance, flexibility, and superior adhesion allows it to be used by various end user industries such as building & construction, automotive & transportation, industrial, commercials, and others.
Expansion of building and construction activity has enhanced the concrete sealers market
Growing population coupled with rapid urbanization has surged the growth of the building & construction sector in both developed and developing economies, where concrete sealers are widely used for flooring, wall finishing, and roofing applications. This is expected to boost the demand for concrete sealers in the growing building & construction sector.
In addition, strong economic growth has surged the establishments of industries where concrete sealers is 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.
Fluctuations in the prices of raw material is expected to restrain the market growth
However, shortages of raw materials have led to increase in the price of concrete sealers, which in turn has led manufacturers, wholesalers, and store owners to pass on the price increase to the final end-users. Furthermore, it requires regular maintenance and resealing due to which several manufacturers are using other substitute other than concrete sealers. These factors may hamper the growth of the concrete sealers market during the forecast period.
Emergence of eco-friendly and DIY projects is anticipated to boost the market growth
On the contrary, increasing awareness for eco-friendly products has surged the popularity of high sold concrete sealers owing to its minimal or no volatile organic compounds (VOCs) levels. Furthermore, high solid concrete sealers requires less drying and is easy to apply. These factors make high solid concrete sealerss highly preferred for coating applications in various end use sectors. This is anticipated to increase sales of concrete sealers in several end-use sectors; thus, creating lucrative opportunities for the market.
Segment Overview
The concrete sealers market is segmented on the basis of type, application, and region. On the basis of type, the market is categorized into pertaining sealers, acrylics, polyurethane, epoxies, and others . On the basis of application, it is divided into building & construction, industrial, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Asia-Pacific would exhibit highest CAGR of 7.1% during 2022-2031.
By Region
Concrete Sealers Market By Region
The Asia-Pacific concrete sealers market share in 2021 with 44.1% share in the global market and is projected to grow at the highest CAGR during the forecast period and. The rise in building & construction, transportation, chemical manufacturing, and other sectors have enhanced the performance of the concrete sealers in the Asia-Pacific region. Countries such as India and Australia have witnessed a rapid growth in transportation sectors where concrete sealers is employed as protective coatings on walkways, subways, pedestrian, auto traffic, and others.
For instance, according to a report published by the Indian Ministry of Commerce and Industry, the transportation sector in India is expected to grow at a CAGR of 5.9%, owing to the development of highways, widespread railway networks, aviation ports, and waterways structure. Furthermore, the tourism sector in Thailand and Indonesia has witnessed a significant growth, which in turn has increased the renovation activities, wherein concrete sealers is widely used for concrete flooring applications.
Pertaining Sealers segment is the highest growing segment
By Type
Concrete Sealers Market By Type
In 2021, the pertaining sealers segment was the largest revenue generator, and is anticipated to grow at a CAGR of 6.7% during 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.
Commercial end use industry segment is projected as the fastest growing segment
By Application
Concrete Sealers Market By Application
By application the market is divided into building and construction, industrial, commercial, and others. The commercial segment is anticipated to dominate in the global concrete sealers market and hold 39.4% of market share in 2021.Growing population coupled with well-established commercial sector in both developed and developing economies have fueled the market growth. Furthermore, increase in working population and government schemes and high potential investment in developing commercial building across the globe has driven the concrete sealers market.
Competitive Analysis
The global concrete sealers market profiles leading players that include Akzo Nobel N.V., Axalta Coating Systems, LLC, Endura Manufacturing Company Ltd., Kansai Paint Co., Ltd., Nippon Paint Holdings Co., Ltd., PPG Industries, Inc., RPM International Inc., TAO CHUGOKU CO., LTD., The Sherwin-Williams Company, and Thermal-Chem Corporation. The global concrete sealers market report provides in-depth competitive analysis as well as profiles of these major players.
In January 2023, Coval Technologies launched polish concrete sealers that did not change the natural beauty of polished concrete while protecting the surface from stains, acids, and oils. This strategic product launch is expected to boost the company’s concrete sealers product segment during the forecast period.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the concrete sealers market analysis from 2021 to 2031 to identify the prevailing concrete sealers market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the concrete sealers market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global concrete sealers market trends, key players, market segments, application areas, and market growth strategies.
Concrete Sealers Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 3.1 billion |
 Growth Rate | CAGR of 6.4% |
 Forecast period | 2021 - 2031 |
 Report Pages | 426 |
 By Type |
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 By Application |
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 By Region |
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 Key Market Players | BASF SE, PPG Industries, XETEX INDUSTRIES PRIVATE LIMITED INDIA, Prosoco Corporation, Mapei Corporation, Royal Associates, Laticrete International, Inc., Valspar, Sika AG, W. R. Meadows, Inc. |
Analyst Review
According to CXOs of leading companies, the global concrete sealers market is expected to exhibit high growth potential. Concrete sealers are used in concrete floors, warehouses, hospitals, and commercial buildings for surface protection, material strengthening, and corrosion resistance purposes in a variety of end-use sectors such as building & construction, transportation, and industrial. In addition, concrete sealers possess excellent significant properties such as high mechanical strength, adhesion to metals, thermal resistance, chemical resistance, and corrosion resistance that make it best suited in road making process, where it reduces the permeability of the concrete, preventing moisture and road salts from being absorbed into the concrete slab.
Furthermore, factors such as flexibility in operation, ease of application, and minimal or no volatile organic compounds (VOCs) levels enhance performance of concrete sealers in several end-use industries. CXOs further added that sustained economic growth and development of the building & construction sector have increased the popularity of concrete sealers
The concrete sealers market is segmented on the basis of type, application, and region. On the basis of type, the market is categorized into pertaining sealers, acrylics, polyurethane, epoxies, and others . On the basis of application, it is divided into building & construction, industrial, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.??
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.
Concrete sealers are obtained by using acrylic nanoparticles, silicone-based materials, and other materials that include linseed oil solutions, acrylic, epoxy, and polyurethane materials, which gives concrete sealers additional protection. It is mainly applied on concrete surfaces to protect it from damages, staining, and corrosion. The properties of concrete sealers such as corrosion resistance, flexibility, and superior adhesion allow it to be used by various end user industries such as building & construction, automotive & transportation, industrial, commercials, and others.??
The global concrete sealers market was valued at $1.7 billion in 2021, and is projected to reach $3.1 billion by 2031, growing at a CAGR of 6.4% from 2022 to 2031.
Commerical application segment is leading segment in the concrete sealers market.
Asia-Pacific is the largest regional market for concrete sealers.
Emergence of building and construction and DIY projects is upcoming trends in the world?
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