The concrete sealer market consists of materials that are applied to concrete surfaces in order to protect them from damage caused by chemicals, moisture, UV light and abrasion. Concrete sealers fill pores in concrete to prevent fluids from penetrating. They are available in solvent-based and water-based formulas and can be applied through rolling, brushing or spraying. Concrete sealers enhance the durability and aesthetics of concrete floors, driveways, warehouse floors, pool decks and garage floors. They protect against stains, dusting and degradation to keep concrete looking new for longer.
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 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 and Prosoco Corporation. The increasing construction of commercial and residential buildings is driving the demand for decorative and protective concrete coatings globally. With rapid urbanization worldwide, many regions are witnessing high volumes of infrastructure projects that utilize concrete extensively. This is positively impacting the sales of concrete sealers.
The Concrete Sealer Market Size is also witnessing strong growth in regions like Asia Pacific and Latin America due to rising development activities. Countries like China, India, Indonesia, Mexico and Brazil are experiencing significant investments in public infrastructure modernization programs. This includes construction of roads, bridges, airports and other civic amenities which benefit the concrete sealer manufacturers. Furthermore, awareness among homeowners and commercial facility owners regarding the importance of protecting and preserving concrete surfaces is increasing the product adoption rate across both developed and developing economies.
Market Drivers
One of the key drivers fueling the concrete sealer market expansion is the growing construction industry worldwide. According to statistics, the global construction industry was valued at over US$ 10 trillion in 2020 and annual spending is rising steadily each year. Concrete remains one of the most widely used construction materials and commercial/residential builders are increasingly recognizing the advantages of sealing concrete surfaces. Sealers protect the aesthetic and structural investment in concrete and lower long term maintenance costs. Furthermore, stringent environmental regulations pertaining to VOC emissions are also promoting the use of water-based and low-VOC sealers. Innovation in terms of stronger yet eco-friendly formulations will further augment industry revenues.
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