Concrete Sealer Market: Industry Analysis and Forecast (2024-2030) by Product Type and Application

Concrete Sealer Market Overview:

Concrete Sealer Market report examines the market’s growth drivers as well as its segments (Application, Product Type and Region). Data has been provided by market participants, and regions (North America, APAC, Europe, MEA, and South America). This market study takes an in-depth look at all of the significant advancements that are currently occurring across all industry sectors. To provide key data analysis for the historical period (2018-2022), statistics, and presentations are used. The report examines the Concrete Sealer Market Drivers, Restraints, Opportunities, and Challenges. This SMR report includes investor recommendations based on a detailed analysis of the current competitive landscape of the Concrete Sealer Market.

The COVID-19 pandemic had a drastic impact on the construction industry worldwide. Global lockdowns led the markets to come to a grinding halt. This led to the demand for Concrete Sealer Market to drop drastically and the Concrete Sealer Market across residential and non-residential segments. With the world reopening and global trade resuming, the market size is expected to make a promising recovery in the forecast period.

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Concrete Sealer Market Dynamics:

The Concrete Sealer Market is driven by investments in infrastructure and construction projects. In the past, regulations regarding construction and increasing interest in aesthetics and usage of different construction materials led to the growth of the market.

The rise in disposable incomes:

Consumers are likely to invest in premium building materials and infrastructure leading to the growth of the Concrete Sealer Market. Combined with low mortgage rates and loans readily available for the same, further leads to a promising trajectory of growth in the Concrete Sealer Market.

Non-Residential Segment key driver:

The need for robust, leakproof and fire safety authorised buildings combined with aesthetics and premium looks have led to the increase in demand and therefore growth of the Concrete Sealer Market. This, therefore, forms one of the key drivers of the market.

Concrete Sealer Market Segment Analysis:

By Application, the Concrete Sealer Market is segmented into Residential and Non-Residential sectors based on application. The non-residential sector contributes the most to the growth of the Concrete Sealer Market. This is because of the sheer number of commercial, industrial and other applications of concrete sealers used in the segment to make the buildings robust and waterproof. This is followed by the residential sector where the rise in demand for premium building materials demonstrates a promising growth of the market in the forecast period.

By Product Type, The Concrete Sealer Market is segmented based on the product type into penetrating sealers segment, acrylic concrete, polyurethane sealers and epoxy sealers. The penetrating sealers dominate the Concrete Sealer Market at 35% market share. These sealers have an aesthetic look while providing protection to concrete, therefore, leading to wide space applications in residential buildings and offices. The acrylic concrete sealers are the next biggest drivers of the Concrete Sealer Market as they provide robust protection to concrete against water and chloride spills while allowing the exchange of moisture. This low cost-high demand feature makes for a favouring option for the consumers.

Concrete Sealer Market Regional Outlook:

The Asia Pacific region is expected to contribute the most to the market in 2023 and is predicted to continue doing so during the forecast period. This is because of countries such as China and India invest heavily in their already massive construction investments. Moreover, urbanisation and industrialisation have led to the growth in the Concrete Sealer Market in the region.

The growing need for residential accommodation is the driving factor for growth in the North America Region. In addition, heavy industrialisation and the demand for new and improved infrastructure have led to the growth of the Concrete Sealer Market in the region.

The report provides Porter’s Five Forces Model that will aid enterprise decision makers to develop their long-term strategies and marketing positions. It identifies the key competitors, their positioning and how their products perform and are perceived by the customers. Through expert analysts’ opinion, the report provides consultation on the difficulty of entering the market for new players.

 Further the report provides PESTEL Analysis which will help the company tailor the overall strategies for market activities. The analysis takes into consideration various environmental variables that are crucial for the development of the market position of the company such as government funding and other political variables. Therefore, this analysis helps the stakeholder evaluate the challenges and opportunities in a holistic way.

Concrete Sealer Market Scope:

Concrete Sealer Market Key Players:

• Curecrete Distribution Inc.(US)
• BASF SE(Germany)
• PPG Industries, Inc.(US)
• Evonik Industries AG(Germany)
• Valspar Corporation(US)
• Prosoco Corporation(US)
• Seal Source Inc.(US)
• Omnova Solutions(US)
• Laticrete International, Inc.(US)
• Sika AG(Switzerland)
• Arkema(France)
• Mapei Construction Products(India)
• Vexcon Chemicals(US)
• Euclid Chemicals(Canada)
• Henry Company(US)