Concrete Sealer Market will grow at highest pace owing to rising demand in Construction Industry

Concrete sealer is a protective material applied to concrete surfaces to prevent damage from exposure to water, chloride, deicing chemicals and oxygen. It forms a protective layer on the concrete surface and enhances the appearance of concrete by sealing pores and highlighting details. Concrete sealer protects concrete from water and chloride ion penetration, reinforces concrete, reduces efflorescence and dusting, and improves appearance. Increasing construction activities across residential and non-residential sectors has propelled the demand for concrete sealers to protect concrete structures from damages.

The Global Concrete Sealer Market is estimated to be valued at US$ 2.06 Bn in 2024 and is expected to exhibit a CAGR of 6.5% over the forecast period 2024 To 2031.

Key Takeaways

Key players operating in the Concrete Sealer are Curecrete Distribution Inc., BASF SE, PPG Industries, Inc., Evonik Industries AG, Valspar Corporation, Prosoco Corporation, Seal Source Inc., Omnova Solutions, Laticrete International, Inc., Sika AG, Concept Concrete Enterprises, Surie Polex, XETEX Industries, Surfkoat, Ugam Chemicals, W. R. Meadows, Inc.,, Mapei Corporation,, Prosoco Corporation, Valspar, and Royal Associates. The increasing demand for concrete sealers from the construction industry is driving the market growth. Technological advancements resulting in the development of more effective and durable concrete sealers are further fueling the market growth.

Market Trends

A key trend in the Concrete Sealer Market Growth is the development of bio-based and green concrete sealers. Rising environmental concerns are prompting manufacturers to develop sustainable concrete sealers from bio-based materials. Secondly, water-based concrete sealers are gaining popularity owing to their low VOC content and negligible odor. These sealers provide enhanced protection against water and chloride penetration.

Market Opportunities

One of the major opportunities for concrete sealer manufacturers is the growth of the construction industry in Asia Pacific region. The increasing construction activities in China, India and other South East Asian countries will boost the demand for concrete sealers. Secondly, with technological advancements, manufacturers can develop new product formulations with enhanced performance attributes like self-cleaning, anti-microbial and UV resistance properties. These innovative products will open new growth avenues.

The COVID-19 pandemic has significantly impacted the growth of the concrete sealer market. During the initial lockdown periods imposed across various countries to contain the virus spread, construction activities came to a halt. This led to a decline in demand for concrete sealers in 2020. However, with restrictions now being lifted and construction projects restarting operations, the market is witnessing a steady recovery.

Still, industry players are likely to face challenges in the near future. Raw material shortage and price volatility due to supply chain disruptions can affect production volumes and costs. Furthermore, changed priorities of consumers and builders towards health and wellness may prompt higher demand for sealers that offer additional benefits like antimicrobial properties.

To capitalize on the opportunities emerging in the post-COVID scenario, market players must focus on product innovation. Developing sealers with features like VOC compliance, moisture control, self-cleaning abilities can help gain consumer confidence. Companies also need to improve online and distribution channel connectivity to overcome challenges in physical distribution amid social distancing norms. With progressive resumption of construction worldwide, the concrete sealer market is expected to get back on the growth trajectory by 2022.

In terms of value, the concrete sealer market in North America accounts for the largest share, followed by Europe and Asia Pacific. The U.S. represents the most lucrative country-level market owing to high demand from both residential and non-residential construction sectors. Meanwhile, Asia Pacific is identified as the fastest growing regional market with China and India at the forefront. Factors such as rapid urbanization, rising housing needs of expanding middle-class are propelling concrete sealer consumption.

The Southeast Asia and Middle East & Africa region is emerging as another hotspot for future market gains. Countries like Indonesia, Vietnam, Saudi Arabia, UAE are witnessing a construction boom, necessitating increased usage of concrete sealers for new commercial and infrastructure projects. With economic growth picking up pace coupled with favorable government initiatives, the demand is anticipated to surge substantially across developing Asian and African markets over the coming years.

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