Concrete sealers are protective coating applied to concrete surfaces to prevent damage from water, oil, stains and other potential contaminants. It protects the concrete from water and salts that can cause deterioration like pitting on floor surfaces, spalling, cracking or other forms of structural damage over time. Concrete sealers provide better water repellency, dustproofing, easy cleaning and protective layer to the concrete by filling pores and micro-cracks on the surface. Growing construction activities coupled with increasing expenditure on infrastructure development across developed and developing countries has boosted the demand for concrete sealers.
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,, Prosoco Corporation, Valspar, and Royal Associates. The market is moderately fragmented in nature with presence large players operating globally.
The growing construction of commercial buildings, residential buildings, infrastructure projects in developing regions of Asia Pacific and Latin America is expected to generate numerous opportunities for manufacturers operating in Concrete Sealer Market Size. Rapid urbanization coupled with government emphasis on smart city projects will further boost the demand.
Technological advancements like UV resistant and self-healing concrete sealers are gaining traction. Self-healing concrete uses embedded microcapsules or tubes to seal cracks automatically through a chemical reaction when exposed to water or air. Such innovations are improving product life and performance.
Market Drivers
The rising spending on infrastructure development projects for roads, bridges, highways, dams etc. across both developed and developing countries is a key driver propelling the concrete sealer market growth. Governments are investing heavily in upgrading and expanding transportation networks which utilizes concrete on a large scale thereby augmenting the product demand. Further, recovering construction activity in developed markets of North America and Europe post Covid-19 pandemic is contributing to the market expansion.
Current challenges in Concrete Sealer Market
Concrete sealer market is facing various challenges such as availability of substitutes, volatile raw material prices and stringent environmental regulations. Concrete surfaces can also be protected through alternatives like painting, tiling, etc. which reduces the demand for concrete sealers. Furthermore, fluctuations in prices of major raw materials including concrete resins, solvents and polymers increases the production cost. Growing awareness regarding VOCs emissions from solvent-based sealers has led government in various countries to enforce strict environmental norms regarding their usage. Manufacturers need to invest in development of innovative eco-friendly products to comply with the regulations.
SWOT Analysis
Strength: Sealers protect concrete from damage caused by de-icing salts, chemicals and UV light. They enhance aesthetic looks and reduces need for repairs.
Weakness: Solvent-based sealers emit VOCs and HAPs. Curing time is longer for some products.
Opportunity: Rising infrastructure development and construction activities worldwide. Growing demand for green buildings utilizing eco-friendly sealers.
Threats: Availability of alternative protection methods for concrete. Stringent environmental regulations on solvents.
Geographical regions with high market concentration
North America accounts for the largest share in the global concrete sealer market in terms of value. This is attributed to extensive use of concrete sealers in commercial as well as residential construction projects across US and Canada. Growing renovation and remodeling activities further drives the product demand. Asia Pacific is estimated to be the fastest growing market during the forecast period supported by booming construction industry in China, India and other developing nations.
Fastest growing geographical region
Asia Pacific region is projected to witness the fastest growth in concrete sealer market over the forecast period of 2024 to 2031. This can be attributed to massive infrastructure development projects underway as several countries aim to improve basic facilities and transportation networks. Additionally, increasing discretionary spending together with expanding middle class population favors market growth through surge in residential constructions. Rapid urbanization and industrialization will continue augmenting the consumption of concrete sealers in the region.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
