Global Polymer Modified Cementitious Coatings Market, By Polymer Type (Acrylic Polymer, SBR Latex), Flexibility (Flexible, Non-flexible), Composition (One-component, Two-component), Application (Non- Residential Buildings, Residential Buildings, Public Infrastructure) – Industry Trends and Forecast to 2030.
Polymer Modified Cementitious Coatings Market Analysis and Size
The polymer modified cementitious coatings market size is expected to expand at a rapid pace during the forecast period of 2023 to 2030 owing to high demand of product from the construction industry. Rise in investments by governments of Asia Pacific and Latin America countries in major infrastructure projects is anticipated to enhance the growth of the polymer-modified cementitious market. The “two-component” is expected to be the fastest growing composition segment owing to excellent resistance to long-term weathering, resistance to water, higher water vapor permeability and good scratch resistance.
Data Bridge Market Research analyses that the polymer modified cementitious coatings market is expected to reach USD 3.95 billion by 2030, which is USD 2.25 billion in 2022, registering a CAGR of 7.30% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Polymer Modified Cementitious Coatings Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 - 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Polymer Type (Acrylic Polymer, SBR Latex), Flexibility (Flexible, Non-flexible), Composition (One-component, Two-component), Application (Non- Residential Buildings, Residential Buildings, Public Infrastructure)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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BASF SE (Germany), Sika AG (Switzerland), Akzo Nobel N.V.(Netherlands), Mapei S.p.A (Italy), Bostik (France), The Euclid Chemical Company (U.S.), Bostik (U.S.), Saint-Gobain (France), W.R. Meadows, Inc. (U.S.), Pidilite Industries Ltd. (India), Berger Paints India Limited (India), Fosroc, Inc. (U.K.), Holcim (Switzerland), Evercrete Group (China), CICO Group (India), Fibrex Construction Chemicals Private Limited (India)
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Market Opportunities
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Market Definition
Polymer modified cementitious coatings are mainly fine-textured, abrasion resistant coating used to protect against deicing salts and for waterproofing or damp-proofing. These polymers have the capability to protect and prevent the concrete in sulphate contaminated ground conditions, due to which they are extensively used as waterproofing agent in construction sector.
Polymer Modified Cementitious Coatings Market Dynamics
Drivers
- Increasing demand for SBR-based polymer modified cementitious coatings
SBR-based polymer modified cementitious coatings discover applications in waterproofing of basements, roof slabs, sunken slabs, water tanks and sunshades. It is widely used as a bonding agent in plastering and repair while improving tensile strength, flexibility, elasticity, of cement, and reducing the possibility of cracking. The growth and expansion of commercial real estate in the evolving countries is anticipated to positively impact the growth of the market because SBR-based polymer modified cementitious coatings are being extensively used for external corrosion resistance against weatherization.
- Growth and expansion of real estate market
The growth and expansion of the real estate market in the developing economies such as Middle East & Africa, Asia-Pacific, have contributed to the increase in the demand of the polymer-modified cementitious coatings market in the commercial and industrial building sector. The country's infrastructural and construction industries development are the significant market drivers during the forecast period.
Opportunities
- Surging usage of polymer modified cementitious coatings in residential sector
Polymer modified cementitious coatings are generally two-part mixes which are utilized behind the tile, over solid surfaces and over brickwork fixing. These beneath and above grade waterproofing coatings have a great affinity to stonework and cement substrates due to their cementitious nature, and solid holding quality. Furthermore, the polymer modified cementitious coatings contributes to the flexibility properties. It is used as an impenetrable and consistent covering on a level rooftop in residential buildings for both concealed and uncovered waterproofing applications basements, underground solid structures, pits, basins, sumps, water holding structures, and so on. Therefore, the surging usage of polymer modified cementitious coatings in the residential sector is anticipated to create numerous opportunities for market growth during the forecast period.
Restraints/ Challenge
- Issues associated with polymer modified cementitious coatings
Lack of availability in raw material demand and volatility in prices of raw materials will pose a major challenge to the market growth. Moreover, the shelf life of polymer modified cementitious coatings is approximately 3 to 5 years, which is expected to restrain the market's growth during the forecast period of 2023 to 2030.
This polymer modified cementitious coatings market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the polymer modified cementitious coatings market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Covid-19 Impact on Global Polymer Modified Cementitious Coatings Market
The outbreak of COVID-19 has adversely affected the growth of the polymer modified cementitious coatings market because most of the construction activities were put on hold during pandemic. The production of construction chemicals has come to a standstill and retail, trade, travel, and manufacturing activities have been affected pandemic. However, numerous nations have lifted lockdowns, which is anticipated to encourage growth of the market.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In 2020, W.R. Meadows, Inc., has initiated a new one-component polymer-modified coating called Meadow-Patch Smooth-Grade for filling cracks, smoothening the rough surfaces and rectify any small surface defects of existing or new concrete surfaces.
Global Polymer Modified Cementitious Coatings Market Scope
The polymer modified cementitious coatings market is segmented on the basis of polymer type, flexibility, composition and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Polymer Type
- Acrylic Polymer
- SBR Latex
Flexibility
- Flexible
- Non-flexible
Composition
- One-component
- Two-component
Application
- Non-Residential Buildings
- Residential Buildings
- Public Infrastructure
Polymer Modified Cementitious Coatings Market Regional Analysis/Insights
The polymer modified cementitious coatings market is analyzed and market size insights and trends are provided by country, polymer type, flexibility, composition, and application as referenced above.
The countries covered in the polymer modified cementitious coatings market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is expected to dominate the polymer modified cementitious coatings market in terms of revenue growth and market share due to growth in the real estate sector in this region.
Asia-Pacific is expected to be the fastest developing region during the forecast period of 2023-2030 owing to increasing demand for polymer-modified cementitious coatings in this region's non-residential real estate sector.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Polymer Modified Cementitious Coatings Market Share Analysis
The polymer modified cementitious coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to polymer modified cementitious coatings market.
Some of the major players operating in the polymer modified cementitious coatings market are:
- BASF SE (Germany)
- Sika AG (Switzerland)
- Akzo Nobel N.V.(Netherlands)
- Mapei S.p.A (Italy)
- Bostik (France)
- The Euclid Chemical Company (U.S.)
- Bostik (U.S.)
- Saint-Gobain (France)
- W. R. Meadows, Inc. (U.S.)
- Pidilite Industries Ltd. (India)
- Berger Paints India Limited (India)
- Fosroc, Inc. (U.K.)
- Holcim (Switzerland)
- Evercrete Group (China)
- CICO Group (India)
- Fibrex Construction Chemicals Private Limited (India)
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