Polymer Modified Cementitious Coatings Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2021 - 2026

Report Code: CMR 55092 Report Format: PDF + Excel (Delivery in 48 Hrs)

Polymer Modified Cementitious Coatings Market Overview

Polymer Modified Cementitious Coatings Market size is forecast to reach US$ 10 billion by 2026, after growing at a CAGR of 5.9% during 2021-2026. Globally, 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 coating 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 upsurge the growth of the polymer modified cementitious coatings industry in the forecast period.

Impact of Covid-19

The COVID-19 epidemic has had a substantial impact on the polymer modified cementitious coatings sector, as most construction activities halted in the year 2020. Trade, travel, retail, and industrial operations all were impacted, and owing to the import export trade disruptions the demand for raw materials also halted which globally affected the polymer modified cementitious coatings production. Currently, lockdowns have been lifted in a number of countries, which is further anticipated to likely boost the growth of the market in the forecast period.

Report Coverage

The: Polymer Modified Cementitious Coatings Market Report – Forecast (2021-2026)”, 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.

    Figure: Asia Pacific Polymer Modified Cementitious Coatings Market Revenue, 2020-2026 (US$ Billion)

    Polymer Modified Cementitious Coatings Market
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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 upsurge 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 2020 and is projected to grow at a CAGR of 5.1% during the forecast period 2021-2026. The expansion of polymer modified cementitious coatings in the residential building market is being fueled by their low cost. The housing sector is being driven by increasing urbanization and migration of people from rural areas to urban areas. Also, in waterproofing roofs and decks structures, polymer modified cementitious coatings are applied to the exteriors of brick, block, or concrete walls, as exterior walls are exposed to extreme weather conditions and may need to be maintained on a regular basis. Thus, with the rising usage of polymer modified cementitious coatings in the residential sector the market is anticipated to rise 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 2020. 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. The Indian government has set a goal of 20 million adaptable houses by 2022, which will have a significant market influence. According to the International Trade Administration, China’s construction industry is predicted to grow by 5% on an annual average in real terms between 2019 and 2023. Also, as per the Japanese government, Japan is stepping up efforts to incorporate innovative building technologies into the construction sector by collaborating with private enterprises. 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. For instance, in September 2020, the government of France announced that it would invest US$ 120 billion as a part of its stimulus plan. The government intends to spend a considerable amount of money on all things digital as part of this support package, including startup funding, infrastructure investment, and digital transformation. Moreover, the rising government initiative in the infrastructure sector would also drive the growth of the market. For instance, according to the India Brand Equity Foundation, In March 2021, the Parliament passed a bill to set up the National Bank for Financing Infrastructure and Development (NaBFID) to fund infrastructure projects in India. Also, the Mega Investment Textiles Parks (MITRA) scheme was launched to establish world-class infrastructure in the textile sector and establish seven textile parks over three years. 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 Coatings 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 2019, the price of crude oil and crude oil-linked derivatives such as monomers and solvents put pressure on Indian coating manufacturers. Raw material prices increased by nearly double digits. Rutile and TiO2 prices also rose significantly in the same year. 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

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in polymer modified cementitious coatings market. Major players in the polymer modified cementitious coatings market are Arkema S.A., Sika AG, Akzo Nobel N.V., MAPEI S.p.A., Compagnie de Saint-Gobain S.A., and Fosroc International Limited, Dow, Inc., and H.B. Fuller Company, The Lubrizol Corporation, and Organik Kimya Sanayi Ve Ticaret A.S. among others.

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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 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10 and more
    "*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)