North America Concrete Sealer Market
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North America concrete sealer market size was over USD 224.1 million in 2019 and shall exhibit 3.3% CAGR throughout the forecast time period. High product demand in flooring applications and enhanced physical appearance will drive the product demand over the forecast period.
Concrete sealers are sort of hardening and beatification sealants, that are applied to concrete floors and pavements to shield from surface damages, staining, and corrosion. These sealers provide several beneficial properties such as water infiltration, lower fuel, enhanced lifecycle, and additional aesthetics of the paved area. It also offers relevant protection to the paved surface from any chemicals and stains.
Rising need for the upgradation and modernization of aging infrastructure is propelling the growth of construction industry over past few years. Construction sector is a key contributor in U.S. economy, which accounted for around 4% of the total GDP. The key factor responsible for growth of construction activities across North America are increasing public and private sector investment towards revamping the infrastructure across the region.
| Report Attribute | Details |
|---|---|
| Base Year: | 2019 |
| North America Concrete Sealer Market size in 2019: | 224.1 Million (USD) |
| Forecast Period: | 2020 to 2026 |
| Forecast Period 2023 - 2032 CAGR: | 3.3 |
| 2023 Value Projection: | 254.3 Million (USD) |
| Historical Data for: | 2016 to 2019 |
| No of Pages: | 180 |
| Tables, Charts & Figures: | 164 |
| Segments Covered: | Product, Application |
| Growth Drivers: |
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| Pitfalls Challenges: |
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Rising concerns over old infrastructure in the U.S. will drive construction repair and maintenance activities in the region over upcoming years. Many of the infrastructure including, water treatment plants, highways & roads, bridges, railways, ports, etc. needs maintenance and refurbishment.
Moreover, residential construction activities are expected to attract substantial private sector investment over the study time period. This may be owing to the presence of large number of construction companies in the region. Total construction spending in the U.S. amounted to around USD 1.31 billion in 2019, which has been increased by 8% as compared to 2016. Such trends are showcasing an upward trend for the North America concrete sealer market over forecast time period.
However, stringent government regulations related to usage of solvent borne concrete sealers may hamper the North America concrete sealer market growth rate over the projected timeframe. Major government bodies such as US Environmental Protection Agency (EPA), Environment Canada, South Coast Air Quality Management District (SCAQMD), etc. have provided regulations for curbing the volatile organic compound (VoC) emission from the building and industrial maintenance coatings. Additionally, the ongoing COVID-19 pandemic is also expected to limit the product growth in the region due to the downfall of construction sector in North America in 2020.
Concrete sealers market in North America, based on the product has been segregated into penetrating acrylics, epoxy, film-forming and others. Penetrating sealers are sub segmented into silicate, silliconate, silane and siloxane. The film-forming sealers collected the highest revenue share over 25% in 2019 among the other concrete sealers. Film-forming concrete sealers are generally used for indoor flooring applications.
These concrete sealers are the very durable, that makes them useful for sealing parking floors, driveway floors and any other high-traffic retail environments. These sealers can be a bit on the expensive side but are very popular for its use in residential concrete floors, even including the basements. During its use in indoor applications, water-based sealers proves to be the safest, as they don’t involve hazardous fumes from the VOCs.
Epoxy concrete sealers formulates an efficient protective coating on the concrete floors, resulting in an abrasion-resistant, long-wearing and hard finish. These sealers are expected to gain a revenue around USD 30 million by 2026. Most epoxy sealers are applied on surfaces to provide glossy finish. It also offers outstanding water repellency and are much stiffer than acrylics. Water-based epoxy sealer bonds well with concrete, but due to their nonporous properties, it does not let trapped moistness to escape.
The commercial segment will exhibit the highest growth potential and ability to capture the market, with an anticipated CAGR of 3.5% by 2026. This will be owing to rising investments from private and public sectors for renovation and remodeling of the country’s aging infrastructure. Increasing infrastructure development is one of the major factors responsible for the growing demand for concrete sealers in commercial applications. This report provides an accurate estimation of the products used in commercial construction, boosting the growth of the North America concrete sealer market share.
Furthermore, the average price of the commercial segment is expected to remain low compared to the average price of the residential segment. This is owing to the high volume of bulk order from commercial end-users compared to residential consumers. The growing demand for construction chemicals in the U.S. will drive the product demand in the commercial sector.
Major parts of the U.S. are propelling the construction activities in the region, covering a revenue more than USD 200 million by 2026. The growing number of public and private sector investments for the development of residential & non-residential buildings is expected to drive the North America concrete sealer market demand. Additionally, the rising need for remodeling and renovating existing aging infrastructure will again drive the industry growth rate over the projected timeframe.
The concrete sealer industry in North America is fragmented with the presence several product manufacturers contributing the market such as :
North America concrete sealer market report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue in Kilo Tons and USD Million from 2016 to 2026, for the following segments:
The above information is provided on a country basis for the following:
The film-forming sealers segment registered a highest revenue share over 25% in 2019 and is projected to record a remarkable growth rate throughout the forecast period.
Growing construction activities and rising demand for construction repair & maintenance across North America are major factors expected to drive the market growth.
BASF, Ameripolish, Tennant Co., Euclid Chemical Company, Evonik Industries, Omnova Solutions, PPG Industries, Laticrete International, Mapei Construction Products, Nutech Paint, Prosoco, SealBond Inc., W. R. Meadows, Valspar Corp., Vexcon Chemicals, Inc. are some of the top contributors in the industry.
The valuation of north america concrete sealer market in the year 2019 was USD 224.1 million.
The overall north america concrete sealer market is anticipated to record a crcr of 3.3% through 2026
According to the report published by Global Market Insights Inc., the concrete sealer business in North America is supposed to attain $254.3 million by 2026.