June 16, 2024
Concrete Sealer Market

Concrete Sealer Market Offers High Growth Owing to Rising Construction Activities

The concrete sealer market is primarily driven by the increasing construction activities across both residential and commercial sectors. Concrete sealers offer key advantages like protection from staining, corrosion, dusting, UV damage, water damage etc. to concrete surfaces. The product forms a protective layer that shields concrete from water, chemical damage and abrasion. It enhances the aesthetics of concrete surfaces by imparting a glossy or matte finish.

The global concrete sealer market is estimated to be valued at US$ 2.06 billion 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 market 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 major opportunities in the market include product innovations catering to specific end-use applications and expansion in emerging economies. Leading players are focusing on developing bio-based, low VOC and multifunctional Concrete Sealer Market Growth.

Globally, the concrete sealer market is anticipated to witness high growth in the Asia Pacific region over the forecast period. Rising construction activities in China and India along with improving economic conditions will drive the regional market.

Market Drivers

The major market driver includes rapid growth of the construction industry. Concrete sealers play a vital role in protecting structures from damages and enhancing aesthetics. Increasing residential and commercial construction across both developed and developing countries will augment the product demand. The rising commercial real estate development with emphasis on aesthetics will further propel the concrete sealer sales. Stringent regulations regarding VOC emissions may restrain the market to a limited extent.

PEST Analysis

Political: The concrete sealer market is affected by policies regarding construction and infrastructure development activities. Regulations related to VOC emissions can also impact product demand.

Economic: Changes in the economic conditions influence infrastructure and construction spending which in turn impact the demand for concrete sealer products.

Social: Concrete sealing plays an important role in beautifying and protecting structures. The focus on aesthetics and durability drives product usage.

Technological: Innovations in concrete sealer formulations help provide better performance characteristics like higher UV and wear resistance. New application technologies also aid efficient product usage.

Geographical Concentration

The concrete sealer market in terms of value is highly concentrated in Asia Pacific and North America regions. The large construction activities and growing infrastructure development projects in countries like China, India, US and Canada contribute to high demand.

Fastest Growing Region

The Asia Pacific region is expected to witness the fastest growth in the concrete sealer market during the forecast period. This can be attributed to rapid urbanization, rising building & construction expenditures, and increasing industrial & infrastructure development projects underway in the region’s emerging economies.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it