Global Polymer Modified Cementitious Coatings Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
Global Polymer Modified Cementitious Coatings Market Overview:
“The global Polymer Modified Cementitious Coatings Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Polymer-based concrete has emerged as an additive that helps to improve durability and adhesion of cementitious material to improve strength of concrete by reducing porosity at surface level and holds back water in the concrete for longer duration. They are extensively used for waterproofing, protection of corroded buildings, and roadside structures. It is efficient against drastic climate change and can work at variable temperatures.
Polymer modified cementitious coatings are extensively used in waterproofing of roof slabs, water tanks, basements, and sunshades, and work as bonding agents in repair, and plastering, which improves tensile strength of cement and reduces probability of cracking in structures. These are used for waterproofing of exterior walls, driveways & sidewalks, and floorings in buildings.
In addition, increasing government initiatives for infrastructural developments such as roadside barriers, parking, and stadiums to protect them from corrosion is boosting usage of the polymer modified cementitious coatings. Growing construction sector in developed and developing economies is a key factor driving growth of the global polymer modified cementitious coatings market.
Shelf life of polymer modified cementitious coatings is about 3 to 5 years which is a major constraint in the growth of the global polymer modified cementitious coatings market. Additionally, fluctuating raw material prices is another factor expected to hamper growth of the global polymer modified cementitious coatings market over forecast period.
Asia Pacific accounted for the largest share in terms of revenue in the global polymer modified cementitious coatings market and is expected to witness growth with highest CAGR of X.X%, owing to growth of the residential real estate sectors, non-residential real estate, and growing investments in public structures in developed countries such as China, India and South Korea.
Global polymer modified cementitious coating market segmentation:
Segmentation by polymer type:
- Acrylic Polymer
- SBR Latex
Segmentation by application:
- Non-Residential Buildings
- Residential Buildings
- Public Infrastructures
Segmentation by region:
- North America
- Asia Pacific
- South America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- BASF SE
- Sika AG
- Akzo Nobel N.V.
- The Dow Chemical Company
- Saint-Gobain Weber S.A.
- Evercrete Corporation
- Celanese Corporation
- Pidilite Industries Limited
- Berger Paints India Limited.
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