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North America Concrete Sealer Market Size
- Report ID: GMI4750
- Published Date: Jun 2020
- Report Format: PDF
North America Concrete Sealer Market Size
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 2020 to 2026 CAGR: | 3.3% |
| 2026 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.
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.
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.
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North America Concrete Sealer Market Scope
