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Polymer Modified Cementitious Coatings Market - Forecast(2024 - 2030)
polymer modified cementitious coatings Market Overview
Polymer Modified Cementitious Coatings Market size is forecast to reach US$12.3 billion by 2026, after growing at a CAGR of 5.9% during 2024-2030. The development of polymer-based concrete emerged as an additive that helps to improve cementitious material durability and adhesion to improve concrete strength by reducing porosity at the surface level and is driving the market growth. Also, the rising demand for dual component, thixotropic coatings in residential, and commercial construction to protect the steel and concrete components from corrosion is anticipated to drive the demand for Polymer Modified Cementitious Coatings Market growth.
Furthermore, the increasing usage of acrylic polymer and styrene butadiene rubber latex for waterproofing roofs and decks, and protection of coastal and highways structures to increase the durability of concrete will act as an opportunity for the growth of the polymer modified cementitious coatings industry during the forecast period.
Report Coverage
The: “Polymer Modified Cementitious Coatings Market Report – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Polymer Modified Cementitious Coatings Market.
By Type: Acrylic Polymer and Styrene Butadiene Rubber Latex.
By Flexibility: Flexible and Non-Flexible.
By Composition: One Component and Two Component.
By Application: Residential, Commercial, Industrial, and Infrastructure.
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherland, Spain, Russia, Belgium, and Rest of Europe), APAC (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of Asia Pacific), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (Middle East and Africa).
Key Takeaways
• The Asia-Pacific region dominated the Polymer Modified Cementitious Coatings Market owing to the rising residential construction projects in emerging economies such as China, India and others.
• Rising initiatives and investments in large infrastructure projects by governments of several countries is likely to drive the polymer modified cementitious coating market over the forecast period.
• Industrial revolution and rapid urbanization is also estimated to drive the overall Polymer Modified Cementitious Coatings Market growth.
Polymer Modified Cementitious Coatings Market Segment Analysis – By Type
Acrylic Polymer is extensively used in the Polymer Modified Cementitious Coatings Market. Acrylic polymer is a clear, robust, and rigid plastic substance. Acrylic polymers come in a variety of hues and finishes owing to which it is frequently used in architecture and construction coatings. Because of their chemical purity, stability, high heat resistance, UV resistance, excellent weathering, low temperature performance, water resistance, and hydrophobicity, acrylic polymers are now widely employed in industry in a variety of applications. Thus, it is anticipated that the rising demand for acrylic polymer in several applications will boost the growth of the market in the upcoming years.
Polymer Modified Cementitious Coatings Market Segment Analysis – By Application
Residential sector held the largest share in the Polymer Modified Cementitious Coatings Market in 2023 and is projected to grow at a CAGR of 5.1% during the forecast period 2024-2030. The expansion of polymer modified cementitious coatings in the residential building market is being fueled by their low cost. Construction spending on buildings is projected to increase just over 6% in 2023, according to the mid-year update of the American Institute of Architect’s AIA Consensus Construction Forecast. The demand for apartments, condos and townhomes is high as single-family homes have become more expensive and less available due to lack of space. As per a report from the U.S. Commerce Department, homebuilding increased in August 2022 as rising rents boosted the construction of multi-family housing to the highest level in more than 36 years. The number of apartments under construction (890,000 residents in 2-plus unit properties) as of September 2022 is at the highest level since the first quarter of 1974, according to the National Association of Home Builders (NAHB). Thus, with the rising usage of polymer modified cementitious coatings in the residential sector the market is anticipated to grow over the forecast period.
Polymer Modified Cementitious Coatings Market Segment Analysis – Geography
Asia Pacific held the largest share with 39% in the Polymer Modified Cementitious Coatings Market in 2023. Rapid increase in the residential construction activities has raised the demand for polymer modified cementitious coatings in this region. Also, owing to the industrial development and improving economic conditions in the emerging economies such as China, India, Japan, and South Korea have further uplifted the growth of the market. According to GDP data, India is currently one of the world’s fastest growing major economies and is currently in the middle of a housing boom. The demand for housing is steadily increasing in most urban areas and is expected to grow even faster in the years ahead. Across the country there was an urban housing shortage of 19 million housing units last year. According to government estimates this is expected to double by 2030. Thus, it is anticipated that with the rising growth of residential buildings in Asia-pacific region the market for polymer modified cementitious coatings will also upsurge over the forecast period.
Polymer Modified Cementitious Coatings Market Drivers
Rising Infrastructure Activities
Infrastructure sector is a key driver for the rising economy in several regions. Rising government initiatives to support infrastructure development is estimated to drive the growth of the Polymer Modified Cementitious Coatings Market. Also, the increasing usage of acrylic polymer and styrene butadiene rubber latex owing to its alluring properties in the infrastructure sector would further drive the market growth. Almost $1 trillion worth of development projects have commenced or been announced since the unveiling of Saudi Arabia’s Vision 2030 agenda. To deal with the planned influx of tourists, the Kingdom is also spending on major supporting infrastructure, including a new airport in Riyadh at a cost of almost $150 billion and a vast new passenger rail network. Thus, with the growth of several infrastructure activities and rising government initiatives towards infrastructure segment the market is estimated to rise in the projected timeframe.
Polymer Modified Cementitious Catings Market Challenges
Fluctuating Raw Material Prices
For every branch of the manufacturing industry, raw materials are perhaps the most important factor in production. However, due to the raw material intensive nature in the coating industry, raw materials play a far greater role. Even minor changes in raw material prices have a significant impact on the profitability and operations of coating manufacturers. India, which is entirely reliant on crude oil and derivatives imports, imports nearly 90% of its raw material requirements for the coating industry, which has suffered greatly as a result of rising prices and political uncertainty in the Middle East region. In 2022, the price of crude oil and crude oil-linked derivatives such as monomers and solvents put pressure on coating manufacturers thanks to the Russia-Ukraine war. Thus, due to the fluctuating price of raw materials the market for polymer modified cementitious coatings is anticipated to face hurdles in the forecast period.
Polymer Modified Cementitious Coatings Market Landscape
Major players in the Polymer Modified Cementitious Coatings Market are
1. Arkema S.A.
2. Sika AG,
3. Akzo Nobel N.V.
4. MAPEI S.p.A.
5. Compagnie de Saint-Gobain S.A.
6. Dow, Inc.
7. H.B. Fuller Company
8. The Lubrizol Corporation
9. Organik Kimya A.S.
10. Fosroc International Limited
1. Polymer Modified Cementitious Coatings Market- Market Overview
1.1 Definitions and Scope
2. Polymer Modified Cementitious Coatings Market- Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by Type
2.3 Key Trends by Flexibility
2.4 Key Trends by Composition
2.5 Key Trends by Application
2.6 Key Trends by Geography
3. Polymer Modified Cementitious Coatings Market- Comparative analysis
3.1 Market Share Analysis- Major Companies
3.2 Product Benchmarking- Major Companies
3.3 Top 5 Financials Analysis
3.4 Patent Analysis- Major Companies
3.5 Pricing Analysis (ASPs will be provided)
4. Polymer Modified Cementitious Coatings Market- Startup companies Scenario Premium Premium
4.1 Major startup company analysis:
4.1.1 Investment
4.1.2 Revenue
4.1.3 Product portfolio
4.1.4 Venture Capital and Funding Scenario
5. Polymer Modified Cementitious Coatings Market– Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing Business Index
5.3 Successful Venture Profiles
5.4 Customer Analysis – Major companies
6. Polymer Modified Cementitious Coatings Market- Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Buyers
6.3.3 Threat of New Entrants
6.3.4 Competitive Rivalry
6.3.5 Threat of Substitutes
7. Polymer Modified Cementitious Coatings Market-Strategic analysis
7.1 Value/Supply Chain Analysis
7.2 Opportunity Analysis
7.3 Product/Market Life Cycle
7.4 Distributor Analysis – Major Companies
8. Polymer Modified Cementitious Coatings Market– By Type(Market Size -US$ Million)
8.1 Acrylic Polymer
8.2 Styrene Butadiene Rubber Latex
9. Polymer Modified Cementitious Coatings Market – By Flexibility (Market Size -US$ Million)
9.1 Flexible
9.2 Non-flexible
10. Polymer Modified Cementitious Coatings Market – By Composition (Market Size -US$ Million)
10.1 One-Component
10.2 Two-Component
11. Polymer Modified Cementitious Coatings Market – By Application (Market Size -US$ Million)
11.1 Residential
11.1.1 Independent homes
11.1.2 Row homes
11.1.3 Large apartment buildings
11.2 Commercial
11.2.1 Hospitals and Healthcare Infrastructure
11.2.2 Educational Institutes
11.2.3 Hotels and Restaurants
11.2.4 Banks and Financial Institutions
11.2.5 Airports
11.2.6 Hyper and Super Market
11.2.7 Shopping Malls
11.2.8 Others
11.3 Industrial
11.4 Infrastructure
11.4.1 Tunnels and Mining
11.4.2 Dams
11.4.3 Bridges
11.4.4 Others
12. Polymer Modified Cementitious Coatings Market- By Geography (Market Size -US$ Million)
12.1 North America
12.1.1 USA
12.1.2 Canada
12.1.3 Mexico
12.2 Europe
12.2.1 UK
12.2.2 Germany
12.2.3 France
12.2.4 Italy
12.2.5 Netherlands
12.2.6 Spain
12.2.7 Russia
12.2.8 Belgium
12.2.9 Rest of Europe
12.3 Asia Pacific
12.3.1 China
12.3.2 Japan
12.3.3 India
12.3.4 South Korea
12.3.5 Australia and New Zealand
12.3.6 Indonesia
12.3.7 Taiwan
12.3.8 Malaysia
12.3.9 Rest of Asia Pacific
12.4 South America
12.4.1 Brazil
12.4.2 Argentina
12.4.3 Colombia
12.4.4 Chile
12.4.5 Rest of South America
12.5 ROW
12.5.1 Middle East
12.5.1.1 Saudi Arabia
12.5.1.2 UAE
12.5.1.3 Israel
12.5.1.4 Rest of Middle East
12.5.2 Africa
12.5.2.1 South Africa
12.5.2.2 Nigeria
12.5.2.3 Rest of South Africa
13. Polymer Modified Cementitious Coatings Market- Entropy
13.1 New Product Launches
13.2 M&A’s, Collaborations, JVs and Partnerships
14. Polymer Modified Cementitious Coatings Market- Market Share Analysis Premium
14.1 Company Benchmarking Matrix – Major Companies
14.2 Market Share at Global Level - Major companies
14.3 Market Share by Key Region - Major companies
14.4 Market Share by Key Country - Major companies
14.5 Market Share by Key Application - Major companies
14.6 Market Share by Key Product Type/Product category - Major companies
15. Polymer Modified Cementitious Coatings Market- Key Company List by Country Premium Premium
16. Polymer Modified Cementitious Coatings Market Company Analysis- Business Overview, Product Portfolio, Financials, and Developments
16.1 Arkema S.A
16.2 Sika AG
16.3 Akzo Nobel N.V.
16.4 MAPEI S.p.A.
16.5 Compagnie de Saint-Gobain S.A.
16.6 Dow, Inc.
16.7 H.B. Fuller Company
16.8 The Lubrizol Corporation
16.9 Organik Kimya A.S.
16.10 Fosroc International Limited
"*Financials would be provided on a best efforts basis for private companies"
LIST OF TABLES
1.Global Polymer Modified Cementitious Coatings Market By Polymer Type Market 2019-2024 ($M)1.1 Acrylic Polymer Market 2019-2024 ($M) - Global Industry Research
1.1.1 Acrylic Polymer By Sub-Type Market 2019-2024 ($M)
1.2 Sbr Latex Market 2019-2024 ($M) - Global Industry Research
2.Global Polymer Modified Cementitious Coatings Market By Polymer Type Market 2019-2024 (Volume/Units)
2.1 Acrylic Polymer Market 2019-2024 (Volume/Units) - Global Industry Research
2.1.1 Acrylic Polymer By Sub-Type Market 2019-2024 (Volume/Units)
2.2 Sbr Latex Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America Polymer Modified Cementitious Coatings Market By Polymer Type Market 2019-2024 ($M)
3.1 Acrylic Polymer Market 2019-2024 ($M) - Regional Industry Research
3.1.1 Acrylic Polymer By Sub-Type Market 2019-2024 ($M)
3.2 Sbr Latex Market 2019-2024 ($M) - Regional Industry Research
4.South America Polymer Modified Cementitious Coatings Market By Polymer Type Market 2019-2024 ($M)
4.1 Acrylic Polymer Market 2019-2024 ($M) - Regional Industry Research
4.1.1 Acrylic Polymer By Sub-Type Market 2019-2024 ($M)
4.2 Sbr Latex Market 2019-2024 ($M) - Regional Industry Research
5.Europe Polymer Modified Cementitious Coatings Market By Polymer Type Market 2019-2024 ($M)
5.1 Acrylic Polymer Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Acrylic Polymer By Sub-Type Market 2019-2024 ($M)
5.2 Sbr Latex Market 2019-2024 ($M) - Regional Industry Research
6.APAC Polymer Modified Cementitious Coatings Market By Polymer Type Market 2019-2024 ($M)
6.1 Acrylic Polymer Market 2019-2024 ($M) - Regional Industry Research
6.1.1 Acrylic Polymer By Sub-Type Market 2019-2024 ($M)
6.2 Sbr Latex Market 2019-2024 ($M) - Regional Industry Research
7.MENA Polymer Modified Cementitious Coatings Market By Polymer Type Market 2019-2024 ($M)
7.1 Acrylic Polymer Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Acrylic Polymer By Sub-Type Market 2019-2024 ($M)
7.2 Sbr Latex Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Polymer Modified Cementitious Coatings Market Revenue, 2019-2024 ($M)2.Canada Polymer Modified Cementitious Coatings Market Revenue, 2019-2024 ($M)
3.Mexico Polymer Modified Cementitious Coatings Market Revenue, 2019-2024 ($M)
4.Brazil Polymer Modified Cementitious Coatings Market Revenue, 2019-2024 ($M)
5.Argentina Polymer Modified Cementitious Coatings Market Revenue, 2019-2024 ($M)
6.Peru Polymer Modified Cementitious Coatings Market Revenue, 2019-2024 ($M)
7.Colombia Polymer Modified Cementitious Coatings Market Revenue, 2019-2024 ($M)
8.Chile Polymer Modified Cementitious Coatings Market Revenue, 2019-2024 ($M)
9.Rest of South America Polymer Modified Cementitious Coatings Market Revenue, 2019-2024 ($M)
10.UK Polymer Modified Cementitious Coatings Market Revenue, 2019-2024 ($M)
11.Germany Polymer Modified Cementitious Coatings Market Revenue, 2019-2024 ($M)
12.France Polymer Modified Cementitious Coatings Market Revenue, 2019-2024 ($M)
13.Italy Polymer Modified Cementitious Coatings Market Revenue, 2019-2024 ($M)
14.Spain Polymer Modified Cementitious Coatings Market Revenue, 2019-2024 ($M)
15.Rest of Europe Polymer Modified Cementitious Coatings Market Revenue, 2019-2024 ($M)
16.China Polymer Modified Cementitious Coatings Market Revenue, 2019-2024 ($M)
17.India Polymer Modified Cementitious Coatings Market Revenue, 2019-2024 ($M)
18.Japan Polymer Modified Cementitious Coatings Market Revenue, 2019-2024 ($M)
19.South Korea Polymer Modified Cementitious Coatings Market Revenue, 2019-2024 ($M)
20.South Africa Polymer Modified Cementitious Coatings Market Revenue, 2019-2024 ($M)
21.North America Polymer Modified Cementitious Coatings By Application
22.South America Polymer Modified Cementitious Coatings By Application
23.Europe Polymer Modified Cementitious Coatings By Application
24.APAC Polymer Modified Cementitious Coatings By Application
25.MENA Polymer Modified Cementitious Coatings By Application
26.BASF SE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Arkema S.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Sika AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Akzo Nobel N.V., Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Mapei S.P.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.The DOW Chemical Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Fosroc International Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Celanese Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.H.B. Fuller Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.The Lubrizol Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Organik Kimya San. Ve Tic. A.S., Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Saint-Gobain Weber S.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Pidilite Industries Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.Flexcrete Technologies Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
40.Evercrete Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
41.Indulor Chemie GmbH, Sales /Revenue, 2015-2018 ($Mn/$Bn)