Concrete Sealer Market Growth Analysis | 2023-2028

Market Insights

The concrete sealer market was estimated at USD 1.8 billion in 2022 and is likely to grow at a CAGR of 7.01% during 2023-2028 to reach USD 2.7 billion in 2028.

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What are concrete sealers?

Concrete sealers are chemical materials that are applied to concrete to protect it from staining, water erosion, extreme temperatures, oil, dirt, surface damage, and corrosion.

Market Dynamics

The major factors driving the growth of the concrete sealers market are-

• Growing construction industry.
• Increasing construction repair and maintenance activities.
• Surge in demand for concrete sealers in flooring applications.

In addition, concrete sealers have properties such as abrasion resistance, UV resistance, and durability, which are expected to fuel the market growth during the forecast period.

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Segment Analysis

By Product Type

Based on the product type, the market is segmented as silicate, silane, siloxane, acrylic, epoxy, film-forming, polyurethane, and others. Film-forming concrete sealers hold the major share of the market, owing to the increasing demand for indoor flooring, garage flooring, and retail environments. Furthermore, film-forming concrete sealers have durability and act as an effective corrosion preventive measure by forming a barrier on the concrete surface.

By Application Type

Based on the application type, the market is segmented as residential, commercial, and industrial. The commercial application segment is estimated to account for the major share of the market during the forecast period on account of increasing commercial projects, rising investment for commercial infrastructure, growing demand for aesthetic flooring solutions, and increasing investments for the remodeling and renovation of aging infrastructures.

Regional Insights

In terms of regions, Asia-Pacific is estimated to be the leading region in the market during the forecast period. The region’s market is growing as a result of factors, such as increasing population, urbanization, and rapid industrialization. Furthermore, rising housing demand and increasing investment in commercial and residential projects, primarily in the emerging economies such as India and China, are expected to fuel the market growth over the forecast period. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The concrete sealer market is segmented into the following categories.

By Product Type

• Silicate
• Silane
• Siloxane
• Acrylic
• Epoxy
• Film-forming
• Polyurethane
• Others

By Application Type

• Residential
• Commercial
• Industrial

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the key players in the market are-

• Arkema S.A.
• BASF, Evonik Industries AG
• Laticrete International, Inc.
• Mapei S.p.A.
• OMNOVA Solutions Inc.
• PPG Industries Inc.
• Proflex Products Inc.
• SIKA AG
• Valspar Corporation.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press release, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation by any one of the product types by application type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.