Polymer Modified Cementitious Coatings Market Size, Share, Trends, Growth 2032

Polymer Modified Cementitious Coatings Market Insights

According to Zion Market Research, the global Polymer Modified Cementitious Coatings Market was worth USD 924.6 Million in 2023. The market is forecast to reach USD 1728.65 Million by 2032, growing at a compound annual growth rate (CAGR) of 7.2% during the forecast period 2024-2032.

The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Polymer Modified Cementitious Coatings industry over the next decade.

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The report offers valuation and analysis of the Polymer Modified Cementitious Coatings market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, restraints, revenue estimates, avenues, current & emerging trends, and industry-validated market information. The report offers historical data from 2016 to 2018 along with a forecast from 2019 to 2026 based on value (USD Billion).

Polymer Modified Cementitious Coatings Market: Overview

Polymer modified Cementitious coating is a dual component thixotropic coating that offers protection against corrosion to various concrete & steel parts. Furthermore, it comprises of cement as the key substrate that sticks to the surface through the utilization of polymer mixture. Moreover, the mixture of polymer offers high proportion of adhesiveness to steel as well as cement substrates. In addition to this, the product is also utilized for decks & waterproofing roofs as well as protection of coastal structures and highways for enhancing the strength or robustness of the concrete material.

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Polymer Modified Cementitious Coatings Market: Growth Drivers

Polymer modified cementitious coatings industry is predicted to expand exponentially over the estimated timespan due to escalating demand for polymer modified cementitious coatings in the construction sector due to the effective waterproofing feature of the product. In addition to this, rise in the government funding of infrastructure ventures in Asia Pacific and Latin America will prompt the expansion of polymer modified cementitious coatings market over the forecast timeline. In addition to this, swift urbanization and onset of industrial revolution 4.0 has resulted in the growth of market over the assessment period.

Furthermore, rapid growth of architectural sector along with rampant rise in the building & construction activities is projected to carve a profitable growth map for polymer modified cementitious coatings industry over the forecasting timespan. Apparently, expansion of commercial real estate industry in emerging countries as a result of prominent bulge in construction of commercial structures across the globe will steer the business landscape over the forthcoming years.

Nonetheless, oscillations in the raw material costs are projected to pose a threat to the growth of polymer modified cementitious coatings market in the foreseeable future. However, swift industrialization, growing significance of innovation, and a surge in research activities for developing effective coatings is predicted to favorably leverage the growth of the business over the ensuing years.  

Polymer Modified Cementitious Coatings Market: Report Scope

Asia Pacific Market To Witness Noticeable Surge Over 2024-2032

The expansion of the industry in Asia Pacific over the estimated timeline is due to supportive government policies favoring infrastructural growth. Apart from this, thriving construction sector in the emerging economies of the Asia Pacific zone is anticipated to offer new growth avenues for the market in the sub-continent over the forecast timeline. In addition to this, rapid industrial growth witnessed in the region is projected to spur the regional market expansion over the years to come. Furthermore, massive use of the product in waterproofing applications across non-residential as well as residential sectors and public infrastructure activities in countries like India, Japan, China, Singapore, Malaysia, and Thailand will proliferate the business space in the sub-continent over the assessment period.

Polymer Modified Cementitious Coatings Market: Competitive Analysis

The global polymer modified cementitious coatings market is dominated by players like:

• The Lubrizol Corp
• The Dow Chemical Company
• Fosroc International Ltd
• AkzoNobel N.V.
• Mapei S.p.A.
• Arkema
• Celanese Corporation
• BASF SE
• Pidilite Industries Ltd

The global polymer modified cementitious coatings market is segmented as follows:

By Polymer Type

• SBR Latex
• Acrylic Polymer

By Application

• Public Infrastructures
• Non-Residential Buildings
• Residential Buildings

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa