Concrete Sealers Market 2021 Share, Remarkable Developments, Business Strategies, Demand, Regional Growth and Key Players Analysis with Global Future Prospects 2030

In a recent published report, Kenneth Research has updated the market report for Concrete Sealers Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

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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Table of Contents
1 Report Outline 13
1.1 Introduction 13
1.2 Report Scope 14
1.3 Market Definition 14
1.4 Research Methodology 14
1.4.1 Data Collation & In-house Estimation 14
1.4.2 Market Triangulation 16
1.4.3 Forecasting 16
1.5 Study Declaration 17
1.6 Report Assumptions 17
1.7 Stakeholders 17
2 Executive Summary 19
2.1 Asia Pacific is Measuring Successful Growth with Growing Domestic Sealing Market Utilization 19
2.2 Increasing demand for Accommodation along with rising income level Creates a Surge in the global Residential Industry 19
3 Market Positioning 21
3.1 Total Addressable Market (TAM): Construction Chemicals 21
3.1.1 Market Overview 21
3.1.2 Major Trends 21
3.2 Segmented Addressable Market 22
3.3 Related Markets 22
4 Market Outlook 23
4.1 Overview 23
4.2 Value Chain Analysis 24
4.3 PESTLE Analysis 25
4.4 Porter 5 (Five) Forces 26
4.5 Patent Analysis 27
5 Market Characteristics 28
5.1 Market Segmentation 28
5.2 Market Dynamics 29
5.2.1 Drivers 30
5.2.1.1 Progress in various economy with increasing income level of the people boosting the demand 30
5.2.1.2 Technological advancements attribute the growth in the sealer market 30
5.2.2 Restraints 30
5.2.2.1 Lack of awareness about benefit of the sealers 30
5.2.2.2 High product cost 30
5.2.3 Opportunities 30
5.2.3.1 Regulations that driving the industry growth 30
5.2.3.2 Large potential markets in the global construction sector 31
5.2.4 DRO – Impact Analysis 31
6 Functions: Market Size and Analysis 32
6.1 Overview 32
6.2 Topical 34
6.3 Penetrating 35
6.4 Vendor Profiles 37
6.4.1 Evonik Industries AG 37
6.4.1.1 Overview 37
6.4.1.2 Business units 37
6.4.1.3 Geographic revenue 38
6.4.1.4 Product profile 39
6.4.1.5 Recent developments 40
6.4.1.6 Business focus 40
6.4.1.7 SWOT analysis 41
6.4.1.8 Business strategies 42
6.4.2 Axalta Coating Systems Ltd. 43
6.4.2.1 Overview 43
6.4.2.2 Business units 43
6.4.2.3 Geographic revenue 44
6.4.2.4 Product profile 44
6.4.2.5 Recent developments 45
6.4.2.6 Business focus 46
6.4.2.7 SWOT analysis 46

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