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Kenneth Research recently added a report on ' Concrete Sealers Market ' which offers a complete evaluation of the market and its growth prospects along with new business opportunities in the industry. The report contains the market size and annual growth rate for a forecast period between 2022 and 2031.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Concrete Sealers Market products.
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Moreover, amongst all the continents that used pesticides, Asia registered as the largest user of pesticides by attaining a share of 52.4% in the year 2018. It was followed by the Americas, Europe, Africa and Oceania with 32.3%, 11.6%, 2% and 1.7% respectively. The statistics also stated that China was the largest user of pesticides amongst all the nations worldwide, utilizing 1,763,000 tonnes of pesticides for agricultural use.
Concrete Sealer Market – Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2023
Concrete sealers are the materials used to protect the overall surface of the concrete. The material helps provide better efficiency, visual enhancement, and surface protection. It is applied on top of the surface. It can be applied to dry or damp surfaces to match the substrate porosity to effectively penetrate the surface and react.
Research Methodology
The concrete sealers market has been analyzed by utilizing the optimum combination of secondary sources and in-house methodology along with an irreplaceable blend of primary insights. The real-time assessment of the market is an integral part of our market sizing and forecasting methodology, wherein our industry experts and panel of primary participants helped in compiling the realistic parametric estimations. The participation share of the different categories of primary participants is given below:
Key Market Insights
Concrete sealers provide visual enhancement as well as topical protection from stains and chemicals. Additionally, these sealers bond active ingredients within the substrate that blocks surface moisture and provide longer life to concrete surfaces. There are two main categories today, topical sealers and penetrating sealers.
Concrete sealers, based on their chemistries include acrylic, epoxy, polyurethane (PU), silicates, and siloxanes among others. These sealers form a protective sheet on the surface and enhances the visual appeal of the overall surface. Due to their decorative and visual enhancement and potential stain and chemical resistance, they are a preferred choice for many applications.
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The increase of stringent regulations toward building protection coupled with aesthetic appeal in certain instances under diverse service conditions, has helped the concrete sealers market to expand in the last few years. The developing countries such as India and China are major markets for construction, promising growth potential for the concrete sealers market and have the maximum demand. Asia Pacific is leading the global concrete sealer market owing to the advantage of having bigger market share for the advanced building & construction technology. European countries are also developing high demand following Asia Pacific owing to the higher consumer acceptance and large construction units. North America is the third largest market for concrete sealers because of heavy industrialization and consumer acceptance. Large infrastructure and high consumer spending in North America and Europe are factors responsible for increasing the market of concrete sealers in these regions.
Within the various end-user areas, the residential sector is a highly prominent one, dominating the market across regions. This is because of its high adoption rate and ease of application. The commercial sector is also expected to catch up during the forecast period due to its decorative properties and increasing government interventions.
The study of the global concrete sealer market provides market size information and market trends along with the factors and parameters impacting the market both short term and long term. The study ensures a 360 view, bringing out the key insights of the industry in detail. These insights will help the business decision-makers to devise better plans and take informed decisions for future profitability and growth of their businesses. In addition, the study helps venture capitalists in understanding the companies better and take intelligent decisions.
The global concrete sealer market is expected to grow at a CAGR of 7.1% during the forecast period and reach $66.82 billion by 2023. The acrylic based concrete sealer is expected to maintain global dominance, which is currently driven by China. Asia Pacific is expected to contribute the highest toward the global concrete sealer market during the forecast period. Some of the key players in the concrete sealer market are Evonik Industries, Sika AG, Arkema, and Axalta Coating systems.
Report Scope:
? Function Type
o Topical
o Penetrating
? Materials
o Acrylic
o Epoxy
o Silicates
o Silane
o Siloxane
o Others
End-Users
o Residential
o Commercial
o Industrial
o Others
? Regions
o Asia Pacific
o Europe
o North America
o Rest of the World
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About Kenneth Research
Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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James Bullock
James Bullock is a Research Expert with a demonstrated history of working in the professional training & coaching industry. Strong professional skilled in business strategy , Strategic Planning, Research Strategy, and Marketing. also have interest in new innovations and technology
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