The global demand for urethane concrete sealer is anticipated to increase at a substantial pace during the forecast period from 2022 to 2032. Growth is attributed to the increased adoption of urethane concrete sealer across construction industry.
| Report Attribute | Details |
| Estimated Base Year Value (2021) | US$ XX Billion/Million |
| Expected Market Value (2022) | US$ XX Billion/Million |
| Anticipated Forecast Value (2032) | US$ XX Billion/Million |
| Projected Growth Rate (2022-2032) | XX% CAGR |
Urethane concrete sealer is a type of sealer applied on concrete surfaces for protecting them from corrosion, staining and other degrading processes. It forms an impermeable layer which prevents materials from passing or accumulating on concrete surfaces. What really makes urethane concrete unique from other concrete sealer types is its highly durable and abrasion resistant nature. Addition of urethane sealer significantly increases the life of concrete structures. Moreover, it dries up quickly, thus allowing professionals to finish their projects in a timely manner.
Rapid expansion of residential and non-residential sectors has generated immense demand for urethane concrete sealers over the last few years. These sealers can be applied to both interior and exterior surfaces for imparting a transparent and durable finish.
The urethane concrete sealers are available in both solvent-based and water-based forms. However, due to lower bonding capability of urethane, it is generally recommended to apply it over an epoxy-based primer. This will help in the formation of a strong and highly resistant finish layer.
Rising focus towards enhancing life span of concrete structures coupled with increasing repair and renovation activities are projected to push the sales of urethane concrete sealers during the forecast period.
Exponential growth of construction industry across the world, increasing investments in civic infrastructure projects, and rising consumer awareness about the benefits of applying urethane concrete sealers on surfaces are some of the major factors triggering the growth of urethane concrete sealer market.
The rapid population growth coupled with rise in urbanization rate has led to the robust expansion of construction industry worldwide. Both people and government are spending billions of dollars on developing and expanding construction infrastructure such as residential homes, airports, dams, bridges, commercial buildings, industries etc. Driven by this, sales of urethane concrete sealers are projected to grow at a robust pace over the forecast period.
Urethane concrete sealer has become an ideal concrete protection candidate, especially in concrete floors with moisture issues. Urethane concrete sealer when applied to concrete structures such as floors, roofs and several other products forms a barrier to protect them from external damaging forces like heat, chemicals, and moisture. It is also being increasingly applied to both concrete and wooden surfaces. Rising adoption of urethane concrete sealer for protecting both concrete and wooden structures is providing a strong thrust to the growth of urethane concrete sealer market.
Similarly, growing focus towards building energy efficient buildings is supporting the adoption of urethane concrete sealers and the trend is likely to continue in the future.
In addition, increasing investments in renovation of existing buildings and rising usage of urethane sealer in decorating concrete and wooden products will further create growth prospects within the global urethane concrete sealer market during the forecast period.
Owing to the rapid expansion of construction industry and presence of leading market players, the North American urethane concrete sealer market is poised to grow at a moderate CAGR over the forecast period.
Countries like the United States and Canada are experiencing huge demand for urethane concrete sealers due to increasing need for corrosion resistant concrete structures, growing focus towards green building and advancements in building technology.
Leading players based in North America are increasingly focusing on developing new products that will increase the life span of construction structures. This will further expand the size of urethane concrete sealer market in the region during the forecast period.
According to Future Market Insights, Europe is expected to provide immense growth opportunities for urethane concrete sealer, with the U.K and Germany leading at the forefront. Growth in the market is primarily driven by rapid urbanization, increasing investments in public infrastructure and refurbishment activities of existing structures, favorable governmental support and presence of leading market players like BASF and Evonik.
Urethane concrete sealers have become essential materials in modern construction across Europe. They are being used for protecting new structures as well as existing ones from corrosion and other degrading processes.
Rising focus towards developing energy efficient building residential and industrial infrastructure is anticipated to trigger the sales of urethane concrete sealers during the assessment period.
Some of the key participants present in the global urethane concrete sealer market include Perma Inc., Dow Chemical Company, Triangle Coatings Inc., BASF SE, V-Seal Concrete Sealers & Specialty Coatings, Flowcrete Group Ltd., Westcoat Specialty Coatings Systems, Tennant Coatings, Era Polymers Pty Ltd.
The global urethane concrete sealer market is highly competitive in nature due to presence of large number of domestic and regional players. In order to capitalize and expand their global footprint, these players are using various tactics such as partnerships, price reduction, new product launches, and shift towards online sales channels.
| Report Attribute | Details |
| Growth Rate | CAGR of XX% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
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| Customization | Available Upon Request |
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As per FMI, Western Europe is anticipated to emerge as the most lucrative market for urethane concrete sealers during the forecast period.
Perma Inc., Dow Chemical Company, Triangle Coatings Inc., BASF SE, V-Seal Concrete Sealers & Specialty Coatings, Flowcrete Group Ltd., Westcoat Specialty Coatings Systems are some prominent urethane concrete sealer manufacturers
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