The global concrete sealer market size is expected to grow from $1.07 billion in 2021 to $1.13 billion in 2022 at a compound annual growth rate (CAGR) of 5.66%. The growth in the market is mainly due to the companies' resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global concrete sealers market size is expected to reach $1.56 billion in 2026 at a CAGR of 8.34%.
What is the Global Concrete Sealer Market?
The concrete sealer market consists of sales of concrete sealers by entities (organizations, sole traders, partnerships) that are used to protect the concrete from surface damage, corrosion, and staining. The concrete sealer helps provide better efficiency and visual enhancement. The concrete sealer either blocks the pores in the concrete to reduce the absorption of water and salt or forms an impermeable layer that prevents water and salt from passing.
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What drives the Global Concrete Sealer Market?
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 activities 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, the global construction market was valued at $10.7 trillion in 2020, and these emerging markets' contributions were valued at $5.7 trillion, according to Oxford Economics. Therefore, the growing construction spending in emerging economies is driving the growth of the concrete sealer market.
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Global Concrete Sealer Market Segments
The global concrete sealer market is segmented:
By Function: Topical, Penetrating
By Product: Silicate Sealers, Silane Siloxane Sealers, Acrylics Sealers, Epoxy Sealers, Other
By Application: Residential, Commercial, Industrial
By Geography: The regions covered in the concrete sealer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Concrete Sealer Global Market Report 2022provides market size and growth forecasts for the global concrete sealer market, global concrete sealer market share, concrete sealer market segments and geographies, concrete sealer market competitive landscape including leading competitors’ revenues, profiles and market shares. The concrete sealer market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Concrete Sealer Industry Playersinclude Curecrete Distribution (Ashford Formula and RetroPlate), Prosoco, Evonik, BASF, SealSource, AmeriPolish, LYTHIC, W. R. Meadows, Larsen, KreteTek Industries, Kimbol Sealer, Stone Technologies, Laticrete International, Nutech Paint, NewLook, Euclid Chemical, Henry Company, Chem Tec, Mapei, Nanofront, Suzhou Jinrun, Guangzhou Ontop Building Material, PPG Industries, Valspar Corporation, Omnova Solutions, Sika AG, FiberTite, Seaman Corporation, Xypex Chemical Corp., PPG Architectural Finishes, Incorporated-PPG Paints, and Kelly-Moore Paints. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
