Polymer Modified Cementitious Coating Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Polymer Modified Cementitious Coating Market Analysis
The polymer modified cementitious coating market is expected to develop at a CAGR of over 4% during the forecast period. The major factor driving the growth of the polymer-modified cementitious coating market is its high demand from the residential buildings segment. On the other side, unfavorable conditions emerging because of the unexpected episode of COVID-19 is foreseen to thwart the development of the market considered.
- Polymer Modified Cementitious Coating products are extensively used for application as water seals to surfaces of a wide range of building components. It is utilized as a consistent, impenetrable covering on a level rooftop for both uncovered and concealed waterproofing applications.
- Asia-Pacific is expected to be the largest market due to rapid urbanization and high demand for residential building projects in the region.
Polymer Modified Cementitious Coating Market Trends
This section covers the major market trends shaping the Polymer Modified Cementitious Coating Market according to our research experts:
Residential Buildings Largest Segment for Polymer Modified Cementitious Coating Market
- Cementitious coatings are commonly two-part mixes utilized behind the tile, over brickwork fixing, and over solid surfaces. These above and beneath grade waterproofing coatings have a great affinity to cement and stonework substrates because of their cementitious nature, and hence solid holding quality. Moreover, the polymer modifier contributes to the flexibility properties.
- It is utilized as a consistent, impenetrable covering on a level rooftop in residential buildings for both uncovered and concealed waterproofing applications basements, water holding structures, underground solid structures, pits, basins, sumps, and so on.
- It is anticipated that the revenue of new residential construction in the United States will reach up to roughly USD 585.7 billion by 2023.
- The residential housing industry for students in India is projected to reach a market value of USD 320 million in 2020 from USD 170 million in 2018.
- All the aforementioned factors are expected to drive the polymer modified cementitious coating market during the forecast period.
Asia-Pacific Region to Dominate Polymer Modified Cementitious Coating Market
- Asia-Pacific region holds a prominent share in the polymer modified cementitious coating market globally and is expected to dominate the market during the forecast timeline.
- The region has seen rapid urbanization in the last few years as the developing countries like China, India, Indonesia, etc. from the region are becoming a global hub for several businesses across the world.
- In 2020, the revenue from the smart home market segment is expected to be USD 34.56 billion and is forecasted to grow up to market value of USD 56.6 billion by 2023.
- The Asia-Pacific region dominates the buildings & construction business over the world contributing about 46% of the worldwide spending in the construction sector.
- Thus, rising demand from various industries is expected to drive the market studied in the region during the forecast timeframe.
Polymer Modified Cementitious Coating Industry Overview
The market for polymer modified cementitious coating is partially fragmented. Some of the players in the market include BASF SE, Sika AG, Fosroc, Inc, Saint-Gobain Weber, and MAPEI S.p.A.
Polymer Modified Cementitious Coating Market Leaders
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BASF SE
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Sika AG
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Fosroc, Inc
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Saint-Gobain Weber
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MAPEI S.p.A
*Disclaimer: Major Players sorted in no particular order
Polymer Modified Cementitious Coating Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Residential Buildings Segment to Boost the Market
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4.1.2 Other Drivers
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4.2 Restraints
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4.2.1 Unfavorable Conditions Arising Due to COVID-19 Outbreak
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4.2.2 Other Restraints
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4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Polymer Type
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5.1.1 Acrylic Polymer
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5.1.2 SBR Latex
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5.2 Application
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5.2.1 Non-Residential Buildings
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5.2.2 Residential Buildings
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5.2.3 Public Infrastructures
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 France
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5.3.3.4 Italy
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5.3.3.5 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle-East and Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 Akzo Nobel N.V.
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6.4.2 Arkema S.A.
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6.4.3 BASF SE
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6.4.4 Berger Paints India Limited
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6.4.5 Evercrete
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6.4.6 Fosroc, Inc
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6.4.7 H.B. Fuller
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6.4.8 MAPEI S.p.A
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6.4.9 Pidilite Industries Limited
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6.4.10 Saint-Gobain Weber
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6.4.11 Sika AG
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Polymer Modified Cementitious Coating Industry Segmentation
The Polymer Modified Cementitious Coating Market report includes:
| Polymer Type | |
| Acrylic Polymer | |
| SBR Latex |
| Application | |
| Non-Residential Buildings | |
| Residential Buildings | |
| Public Infrastructures |
| Geography | |||||||
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Polymer Modified Cementitious Coating Market Research FAQs
What is the current Polymer Modified Cementitious Coating Market size?
The Polymer Modified Cementitious Coating Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Polymer Modified Cementitious Coating Market?
BASF SE, Sika AG, Fosroc, Inc, Saint-Gobain Weber and MAPEI S.p.A are the major companies operating in the Polymer Modified Cementitious Coating Market.
Which is the fastest growing region in Polymer Modified Cementitious Coating Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Polymer Modified Cementitious Coating Market?
In 2024, the Asia Pacific accounts for the largest market share in Polymer Modified Cementitious Coating Market.
What years does this Polymer Modified Cementitious Coating Market cover?
The report covers the Polymer Modified Cementitious Coating Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Polymer Modified Cementitious Coating Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Polymer Modified Cementitious Coating Industry Report
Statistics for the 2024 Polymer Modified Cementitious Coating market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Polymer Modified Cementitious Coating analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
