Polymer Modified Cementitious Coatings Market was valued at $ 3.2 billion in 2022 and is predicted to reach $ 5.3 billion by 2028, at an annual expansion rate of 8.38% from 2023 to 2028.
Polymer-modified cementitious coatings are a two-component thixotropic protective coating that protects concrete and steel substrates from corrosion when applied directly. It contains cement as one of its components that are kept on the surface by means of a binder and a mixture of polymers that offers strong adhesion to steel and cement substrates. This coating acts as a barrier against any acid-gas reaction or the corrosive nature of the substances and, therefore, prolongs the useful life of the material. It also protects concrete in sulfate-contaminated soils. The cement coating is applicable for internal and external waterproofing, for roofs and terraces, for protection of roads and coastal structures against the chlorinated environment, and also improves the durability of concrete. The polymers employed mainly include acrylic and its derivatives, as well as styrene-butadiene rubber latex. The polymer-modified cementitious coating is a two-component thixotropic coating that shields concrete and steel components from corrosion. It contains cement as the main substrate, which adheres to the surface using a mixture of polymers. The polymer blend offers high adhesion to cement and steel substrates. The polymer-modified cementitious coating is also employed to waterproof roofs and terraces and protect roads and coastal structures to increase the durability of concrete.
Growing calls for residential buildings and government initiatives to support infrastructure development are predicted to drive expansion in the market for polymer-modified cementitious coatings worldwide. Escalating urbanization and the industrial revolution have also significantly stimulated an expansion in the global polymer-modified cementitious coatings market. Expansion in the architectural sector, as well as construction, has fuelled the market for these coatings on a larger scale. Multiple applications of the product in the residential and non-residential sectors should lead to market expansion.
The shorter shelf life of the polymer coating and fluctuations in the prices of raw materials needed for production should help slow expansion. As economies emerge, investment in the infrastructure sector increases, significantly stimulating expansion in the market for polymer-modified cementitious coatings. The escalating call for polymer-modified cement coatings in the residential building segment is predicted to stimulate the market for polymer-modified cement coatings. Escalating urbanization in emerging economies is predicted to spur market expansion. Increasing government initiatives to support infrastructure advancement and construction works in growing nations in the Asia-Pacific region provide high expansion opportunities for makers of polymer-modified cement coatings. However, the limited shelf life of these coatings acts as a major brake on market expansion.
REPORT METRIC |
DETAILS |
Market Size Available |
2022-2028 |
Base Year |
2022 |
Forecast Period |
2023-2028 |
CAGR |
8.38% |
Segments Covered |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
|
Market Leaders Profiled |
|
Polymer Modified Cementitious Coatings Market - By Flexibility:
Flexible
Nonflexible
On the basis of flexibility, the flexible segment is predicted to be the biggest industry throughout the foreseen period.
One component
Two-Component
The two-component sector is predicted to dominate the polymer-modified cementitious coatings industry in 2020, owing to the escalating call for higher durability and flexible waterproofing solution.
Acrylic polymer
SBR latex
On the basis of polymer type, the acrylic sector is predicted to rise at the highest CAGR, throughout the foreseen period.
Non-residential buildings
Residential buildings
Public infrastructure
On the basis of application, the residential sector is predicted to dominate the polymer-modified cementitious coatings industry over the years 2020 to 2025. The low price of polymer-modified cementitious coatings is boosting the expansion of these coatings in the residential building sector.
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
The market for polymer-modified cementitious coatings is predicted to grow at the highest annual expansion rate between 2020 and 2025 across the globe. The Asia-Pacific region dominated the market for polymer-modified cementitious coatings in 2020 and is predicted to grow at a high rate. The Asia-Pacific region is a growing and major industry for polymer-modified cementitious coatings, owing to industrial advancement and enhanced economic conditions. This region represents approximately 60% of the world's population and therefore leads to the large-scale use of polymer-modified cementitious coatings for waterproofing applications in residential and non-residential buildings and public infrastructure.
Asia-Pacific is predicted to be the world's largest market leader due to advanced infrastructure and the growing call for residential buildings and public infrastructure. Escalated investment in research and development, as well as emerging government policies, knowledge of green technologies, and strong adoption of architectural applications, are driving expansion in demand for coatings from emerging nations in this area.
Dow Coating Materials (DCM) introduced Evoque pre-composite polymer technology that is made to change the way formulators think about masking and utilizing titanium dioxide. Evoque pre-composite polymer technology improves the particle distribution and light scattering efficiency of TiO2, facilitating improvement in masking efficiency and allowing up to 20% less TiO2 employed in formulation.
Arkema S.A. (France)
Sika AG (Switzerland)
Akzo Nobel N.V. (Netherlands)
MAPEI S.p.A. (Italy)
Fosroc International Limited (UAE)
Dow, Inc. (US)
H.B. Fuller Company (US)
The Lubrizol Corporation (US)
Organik Kimya Sanayi Ve Ticaret A.S. (Turkey)
Pidilite Industries Limited (India)
GCP Applied Technologies Inc. (US)
Berger Paints India Limited (India)
W. R. Meadows, Inc. (US)
Evercrete Corporation (US)
Indulor Chemie GmbH (Germany)
The Euclid Chemical Company (US)
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region