Global Concrete Sealers Market By Product (Penetrating, Acrylic, Epoxy, Polyurethane, and Others), By Application (Residential and Non-residential), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2032

Concrete Sealer Market Overview

The concrete sealers market is estimated to be worth USD 1,687.44 million by 2021. This market is expected to grow at a 6.8% compound annual growth rate (CAGR), between 2023-2032.

Global Concrete Sealers Market

Product Analysis

Penetrating sealers were the dominant market segment and had a 31.4% revenue share in 2021. Penetrating sealers maintain a natural look while protecting concrete surfaces from water, stains, contaminants, and other elements. These sealers can be siloxanes or silicates. These sealers penetrate concrete capillaries and react chemically to prevent moisture penetration and salt ingress. These sealers are suitable for indoor and outdoor concrete applications, porous natural stone, concrete pavers, and other concrete products.

Acrylic concrete sealers accounted for 22.4% of the revenue share in 2021. This type of sealer can be applied to the exterior and interior surfaces. It provides a thin protective layer that offers protection against water intrusion and allows moisture to escape. Because of their low cost and high performance, these products are increasingly in demand.

Polyurethane sealing agents form a strong protective film on concrete and provide an exterior and interior layer of protection. This is due to increased demand for flooring in high-traffic areas. They provide excellent resistance to stains and scuffs as well as aesthetic enhancements to colored concrete. These products require greater care than other single-component sealers such as acrylics.

Epoxy sealers can be used in interior applications to provide long-lasting and durable surface protection. These sealers provide concrete with a durable, high-build protective coating. Due to the increasing use of cement-based overlays, the demand for these products will increase. concrete countertops, industrial floors, basements. These products are water-resistant and can trap moisture in the concrete.

Application Analysis

The market’s non-residential segment was dominant and accounted for a revenue share of approximately 73.2% in 2021. The growing demand for high-quality flooring solutions and commercial infrastructure in the global economy can explain the market’s growth. The segment expansion is also being affected by the fact that many countries are improving their economic performance and investing heavily in industrial infrastructure development.

There is a growing trend in residential construction across the globe, particularly in emerging economies. This has led to an increase in demand for sealers in this segment. Concrete sealers protect residential buildings from water damage, such as cracking or freeze-thaw cycles. They also prevent stains caused by oil drips, dirt, and oil.

Key Market Segments

Product

• Penetrating
• Acrylic
• Epoxy
• Polyurethane
• Others

Application

• Residential
• Non-residential

Market Dynamics

Market growth is expected to be driven by increasing investments in civil infrastructure across emerging economies, as well as high product demand for flooring applications to enhance aesthetics.

The market impact has been significant due to major economies in the world suspending or delaying construction projects as a result of the COVID-19 outbreak. Concrete sealers have seen a drop in demand across many sectors, both residential and commercial. The market will see a rebound in 2021 because of global trade restrictions and the ease of locking down.

In the last decade, market growth was boosted by stricter regulations regarding building safety and rising demand for aesthetics for certain situations under various service conditions. The market will be influenced positively by factors such as an increase in disposable income, and a willingness to spend more money on premium construction materials.

According to the Associated General Contractors of America, the U.S. has over 733,000 contractors and builds nearly US$ 1,400,000 million of structures every year. Concrete sealers will be in high demand due to the strong demand for larger living spaces, low mortgage rates, and low housing stock.

Because of the need for premium aesthetics and high-strength buildings that are leak-proof, the non-residential segment is the most common application of concrete sealers. The market is expected to grow due to the increasing demand for office and commercial space in emerging countries.

Because there are many players with very similar offerings, the market is extremely competitive. The market is competitive because of its pricing and expertise. It makes it difficult for new players to make a profit in the market. As a result, industry rivalry will continue to be fierce over the forecast period. The forecast period will see a rise in VOC emissions from concrete sealer firms globally.

Regional Analysis

The Asia Pacific dominated concrete sealers in 2021, accounting for around 33.6% of the total revenue. Due to rapid economic growth, many countries in the region such as India and China are building infrastructure projects, which will, in turn, boost the concrete sealing market. Due to increasing population, rapid industrialization, and urbanization, the region’s construction sector is growing.

The rising construction investment and increasing demand for multi-family as well as single-family housing in North America are driving the demand for concrete sealers. The region’s demand for concrete sealers is also driven by heavy industrialization, improved infrastructure, and high consumer acceptance. The region’s overall market growth will be limited by regulations regarding the use of solvent-based sealers.

Due to increasing renovations of commercial and residential infrastructure, Europe’s concrete sealers market is expected to experience steady growth during the forecast period. Evonik and BASF are major players that will support market growth. With substantial support from the government and increasing investments in these projects, the U.K. is the leader in residential construction.

The massive government investments and an increase in FDI are what fuel the primary growth of the Middle East and Africa in the construction sector. The International Monetary Fund’s (IMF) projections of long-term economic growth for North Africa, Sub-Saharan Africa as well as the Middle East are based on the support of infrastructure and construction projects. These include landmark museums, hotels and resorts, multinational corporate headquarters, and landmark museums.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share Analysis

The industry’s top players invest heavily in product innovation, customized products, and meeting customer needs. The most prominent players in the market have used a variety of business strategies, including collaborations, mergers, acquisitions, capacity building, and application development, to remain competitive in the global market. The market leaders are expected to continue their leadership position by introducing new products that will expand their product portfolio. The industry players are likely to be stronger by launching products with unique features and offering customized products.

Key Market Players

These are the top players in the global concrete sealers industry:

• BASF SE
• Curecrete Distribution Inc.
• PPG Industries Inc.
• Valspar Corporation
• Evonik Industries AG
• Prosoco Corporation
• Omnova Solutions
• Seal Source Inc.
• Other Key Players

For the Concrete Sealer Market research study, the following years have been considered to estimate the market size: