Market Size –
The concrete sealer market size has grown strongly in recent years. It will grow from $1.2 billion in 2023 to $1.29 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to growth of industrial sectors, increased construction activities, infrastructure development, rising awareness about the benefits of concrete protection, stringent regulations regarding environmental protection.
The concrete sealer market size is expected to see strong growth in the next few years. It will grow to $1.66 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to increase in the number of smart cities projects by governments, high product demand in flooring applications, growing demand for aesthetic flooring requirements, urbanization and redevelopment. Major trends in the forecast period include nano-sealers, stain-resistant sealers, product launch with advanced features and customized product offerings, customization with color sealers, digitalization in maintenance, polished concrete finishes.
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Scope Of Concrete Sealer Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
Growing construction spending in emerging economies is expected to propel the growth of the concrete sealer market. Evidence is present to prove the existence of a positive relationship between economic growth and the level of construction activities in developing countries. Based on a study of United Nations time series data, comparisons are made for three groups of countries, classified according to the World Bank, in order to investigate the relationship between rapid economic growth and construction activity in growing economies. It has proved that emerging economies appear to be catching up to the built asset wealth of more developed economies. For instance, in October 2023, according to the US Census Bureau, a US-based main entity in the United States Federal Data System in charge of producing economic and population information, construction spending in August 2023 is predicted to exceed $1,983.5 billion, up 7.4 percent (1.8 percent) from $1,847.3 billion in August 2022. Therefore, the growing construction spending in emerging economies is driving the growth of the concrete sealer market.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The concrete sealer market covered in this report is segmented –
1) By Function: Topical, Penetrating
2) By Product: Silicate Sealers, Silane Siloxane Sealers, Acrylics Sealers, Epoxy Sealers, Other Products
3) By Application: Residential, Commercial, Industrial
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Regional Insights –
North America was the largest region in the concrete sealer market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the concrete sealer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the concrete sealer market report are Curecrete Distribution Inc., Prosoco Inc., Evonik Industries AG, BASF SE, SealSource Inc., AmeriPolish Inc., Monoflux Refra Lythic Private Limited, W. R. Meadows Inc., Larsen & Toubro Limited, KreteTek Industries Inc., Kimbol Sealer Ltd., Stone Technologies Ltd., Laticrete International Inc., Nutech Paint Pty Ltd., NewLook Ltd., Euclid Chemical Co., Henry Company, Dev’s Chem Tec Private Limited, Mapei SPA, PPG Industries Inc., Omnova Solutions Inc., Sika AG, FiberTite Seaman Corporation, Xypex Chemical Corp., PPG Architectural Finishes Incorporated, Kelly-Moore Paints Co. Inc., Akzo Nobel N. V., Axalta Coating Systems LLC, Endura Manufacturing Company Ltd., Kansai Paint Co. Ltd., Nippon Paint Holdings Co. Ltd., RPM International Inc., Arkema SA, Vexcon Chemicals Inc., Indcon Inc., Covertec Products LLC, MSC Industrial Supply Co., Key Resin Co., ChemMasters Inc.
Table of Contents
1. Executive Summary
2. Concrete Sealer Market Report Structure
3. Concrete Sealer Market Trends And Strategies
4. Concrete Sealer Market – Macro Economic Scenario
5. Concrete Sealer Market Size And Growth
…..
27. Concrete Sealer Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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