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Global Polymer Modified Cementitious Coatings Market Insight2022-01-29 Comments
The Polymer Modified Cementitious Coatings is forecast to fast increase over the next few years.According to the WK-chem Research “Global Polymer Modified Cementitious Coatings Professional Survey Report 2022, Forecast to 2027”, Polymer modified cementitious coating is a dual component, thixotropic coating, which protects concrete and steel components from corrosion. It contains cement as the primary substrate, which sticks to the surface using a polymer mixture. The polymer mixture provides high adhesion to cement and steel substrates. Polymer modified cementitious coating is also used for waterproofing roofs and decks, and protection of highways and coastal structures to increase the durability of concrete.The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 6.5 % base on WK-chem Research regression analysis model.
“Manufacturers are advised to actively invest in new technologies, develop new products, and better build their business and expand their customer base through strategies such as R&D, acquisitions, etc. So as to achieve the purpose of gaining a firm foothold in the market.” Said Lisa , Senior analyst, Chemical industry Market Research Center in WK-chem Research.
Rapid urbanization and industrial revolution have also boosted the growth of the global polymer modified cementitious coating market. Expansion of the architectural sector, along with construction and building is also driving the global polymer modified cementitious coating market. In developing countries, increase in investments in the infrastructure sector is boosting the growth of the polymer modified cementitious coating market.Expansion of the commercial real estate in developing economies due to increase in construction of commercial buildings is expected to drive the polymer modified cementitious coating market, as it is widely used for external protection of buildings from weatherization.Polymer modified cementitious coating market is anticipated to expand at a rapid pace during the forecast period due to high product demand from the construction industry. Increase in investments by governments of Latin America and Asia Pacific countries in major infrastructure projects is expected to drive the polymer modified cementitious coating market.
The shelf life of polymer modified cementitious coatings is 3 years to 5 years, which is expected to restrain market growth. Moreover, fluctuations in prices of raw materials is a major challenge for the market.On the other side, unfavorable conditions emerging because of the unexpected episode of COVID-19 is foreseen to thwart the development of the market considered.
This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Polymer Modified Cementitious Coatings companies that include Arkema S.A. , Sika AG , Akzo Nobel N.V. , MAPEI S.p.A., Compagnie de Saint-Gobain S.A. , Fosroc International Limited , Dow, Inc., H.B. Fuller Company , The Lubrizol Corporation , Organik Kimya Sanayi Ve Ticaret A.S. , Pidilite Industries Limite, GCP Applied Technologies Inc., Berger Paints India Limited, W. R. Meadows, Inc. , Evercrete Corporation , Indulor Chemie GmbH , The Euclid Chemical Company and others.
Segmentation of Polymer Modified Cementitious Coatings Market:
Based on Type, the Global Polymer Modified Cementitious Coatings Market is segmented into Acrylic Polymers, SBR Latex. The acrylic polymer segment is expected to hold a major share of the global polymer modified cementitious coating market due to increase in the use of the product in architectural application. Acrylic polymers are available in different sub-types, including thermoplastic acrylic polymers, acrylic polymers with methylol acrylamides, hydroxy-functional acrylic resins crosslinked by amino resins, and others for a wide range of application industries.Based on application, the Global Polymer Modified Cementitious Coatings Market is segmented into Non-Residential Buildings, Residential Buildings, Public Infrastructure.Residential buildings segment is the largest application segment in the polymer modified cementitious coatings market, and it is estimated to lead the market during the forecast period as well. Low cost of polymer modified cementitious coatings is driving the growth of these coatings in the residential buildings segment. The growing urbanization and migration of people from rural areas to urban cities are important factors driving the housing sector. Polymer modified cementitious coatings are also applied on the exteriors of brick, block, or concrete walls to waterproof structures. Exterior walls are subject to harsh climatic conditions and may also require timely maintenance. This coating finds applications in decorative as well as protective exterior waterproof coatings.
Polymer Modified Cementitious Coatings Market: Regional Analysis
In terms of geography, the Global Polymer Modified Cementitious Coatings Market is classified into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. The Asia Pacific region led the polymer modified cementitious coatings market, and is expected to grow at a high rate during the forecast period. The Asia Pacific region is an emerging and lucrative market for polymer modified cementitious coatings, owing to industrial development and improving economic conditions. This region constitutes approximately 60% of the world’s population, and thus leads to the wide-scale use of polymer modified cementitious coatings for waterproofing applications in residential and non-residential buildings, and public infrastructure.
Cagr: 6.5 %
Largest share area：Asia Pacific
Largest share country：China
Product Type：Acrylic Polymers, SBR Latex
Application：Non-Residential Buildings, Residential Buildings, Public Infrastructure
Leading Company：Arkema S.A. , Sika AG , Akzo Nobel N.V. , MAPEI S.p.A., Compagnie de Saint-Gobain S.A.