Polymer Modified Cementitious Coatings Market Size Set to Touch USD 2.5 Billion by 2028
Polymer modified cementitious coatings market is thriving because of growing urbanization, increasing demand for geopolymer cement and improved waterproofing coating.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects the Global Polymer Modified Cementitious Coatings Market size to grow at a CAGR of 9.5% during the forecast period between 2022 and 2028, to reach a value of USD 2.48 billion by 2028. Major growth drivers for global polymer modified cementitious coatings market are rapid urbanization, migrated people from rural areas opting for residential building segments in urban areas, and an increase in government initiatives in emerging countries to support infrastructure developments. As construction activities rise, there is a necessity for superior waterproofing coating, which is expected to fuel the market during the forecast period. However, the limited shelf life of polymer-modified cementitious coatings may limit the growth of global polymer modified cementitious coatings market.
Global Polymer Modified Cementitious Coatings Market - Overview
Polymer-Modified Cementitious Coating (PMC) is a dual component that protects concrete and steel components against corrosion. The primary substrate is cement, which attaches to the surface using a polymer combination. They are commonly used for waterproofing and corrosion prevention. Residential construction activities need waterproofing, boosting the PMC market. The growth of architectural sector in conjunction with construction promotes the expansion of global polymer-modified cementitious coatings market.
Global Polymer Modified Cementitious Coatings Market – Regional Analysis
Asia Pacific is expected to account for a significant proportion of the global polymer-modified cementitious coating market due to high investments in research and development, introducing government policies regarding green technology and architectural development. Furthermore, the Asia-Pacific market is projected to grow significantly as demand for coatings in non-residential and residential real estate and public structures applications is expected to surge in China, India, and South Korea.
Impact of COVID-19 on Global Polymer Modified Cementitious Coatings Market
Global polymer modified cementitious coatings market was adversely affected by COVID-19 pandemic, leading to the construction industry's decline due to decreased construction activity. However, the economic improvements could provide significant opportunities in the construction market through government support and investments in infrastructure development. This, in turn, could provide growth opportunities for global polymer modified cementitious coatings market.
Aquafin Inc., Durock Alfacing International Limited, Henkel Polybit Industries Ltd., Perma Construction Aids Pvt. Ltd., Ozeki Chemical Industry Co., Ltd., Armstrong Chemicals Pvt. Ltd., A.B.E. Construction Chemicals, Arkema, Mapei S.P.A., AkzoNobel N.V., The Lubrizol Corporation, Celanese Corporation, The DOW Chemical Company, Sika AG, The Euclid Chemical Company, Evercrete Corporation, Compagnie de Saint-Gobain S.A., Dow, Inc., Fosroc International Limited, and Pidilite Industries Limited are major players in global polymer modified cementitious coatings market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Polymer Modified Cementitious Coatings Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Polymer Modified Cementitious Coatings Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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