Concrete Sealer Market Size

Concrete Sealer Market Size

Concrete Sealer Market size was valued at USD 1.6 billion in 2020 and is estimated to exhibit over 6% CAGR from 2021 to 2027. High product demand in flooring applications due to enhanced physical appearance will fuel the market growth during the forecast period.

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Concrete sealers are a class of sealers applied to concrete for protection against corrosion, staining, and surface damages. These sealers work mainly in two ways, either by forming a barrier or by blocking concrete pores. Concrete sealers are manufactured using many chemical combinations and epoxy, acrylic & polyurethane are some of the most commonly used binders.

The concrete sealer market is forecast to witness strong growth across the construction industry owing to high product demand in flooring applications and enhanced physical appearance. Moreover, the growing demand for aesthetic flooring requirements in driveways, garages, sidewalks, courtyards, and parking lots across the globe is likely to boost the market expansion during the forecast period. The rising demand for bio-based materials to limit greenhouse gas emissions is also anticipated to create new opportunities in the market over the coming years.

Concrete sealers find a wide range of applications across various sectors including residential, commercial, industrial, and others, such as institutional and municipal constructions, led by their exceptional properties, i.e., abrasion resistance, UV stability, longevity, etc. These sealers are used in various applications such as densifiers & hardeners, oil & stain repellents, curing agents, and others. Construction activities across the globe coupled with the increasing demand for aesthetically appealing flooring systems are poised to generate huge revenue gains during the forecast timeline.

The ongoing COVID-19 pandemic has a significant impact on the demand for concrete sealer market across the globe. It is due to the suspension of construction projects and irregular investment flows along with the disruption in supply chains. Governments of various countries across the globe have adopted several measures, such as lockdowns, limited workforce, closure of manufacturing facilities, etc., to restrict the spread of the pandemic. These measures have consequently resulted in a temporary halt in the ongoing construction activities and a stop in new project investments. These factors will further disrupt the normal working of the construction sector across the globe, in turn, acting as a major restraint in the overall market progression. The overall market exhibited a decline of 8% in terms of revenue in 2020.