Chat with us, powered by LiveChat

Concrete Protection Market (Product Type - Hydrophobic Impregnations, Solvent Based Protective Coatings, Water Based Protective Coatings, Primers, and Anti-graffiti; End Use - Infrastructure, Commercial, Industrial, and Residential): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

Concrete Protection Market (Product Type - Hydrophobic Impregnations, Solvent Based Protective Coatings, Water Based Protective Coatings, Primers, and Anti-graffiti; End Use - Infrastructure, Commercial, Industrial, and Residential): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

Report Code: CM00912 Category: Chemicals & Materials Published: July, 2022

A recent report published by Infinium Global Research on the concrete protection market provides in-depth analysis of segments and sub-segments in the global as well as regional concrete protection market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional concrete protection market over the short term as well as the long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global concrete protection market. According to the report, the global concrete protection market is projected to grow at a CAGR of over 6% over the forecast period of 2022-2028.

Market Insight

The revenue generated by the concrete protection market was approximately over USD 5.5 billion in 2022 and is expected to reach about USD 8 billion in 2028 and is expected to grow with a CAGR of over 6% over the forecast period 2022-2028. The coatings, paints, and primers applied on the concrete to prevent it from external factors such as heat, moisture, fungal growth, and others are considered concrete protection systems. These systems are widely used to extend the life of concrete structures by maintaining structural integrity and providing a long-lasting aesthetic appearance. Products such as hydrophobic impregnations, solvent based protective coatings, water-based protective coatings, primers, and anti-graffiti are included in the concrete protection market. Moreover, concrete protection systems are widely used in infrastructure, commercial, industrial, and residential settings. The concrete protection market is highly competitive and consolidated in nature, with the presence of global market players controlling a large market share.


Concrete Protection Market


The COVID-19 outbreak wreaked havoc on the global economy. Many industries and core sectors of the global economy suffered losses as a result of the pandemic. The spread of the pandemic spelled disaster for industries such as automobile, mining, chemicals, construction, and real estate. Furthermore, regulatory constraints, end-user infection concerns, and weaker spending power created several short- and long-term hurdlers for the companies operating in the construction vertical. Furthermore, travel restrictions and labor shortages along with the disruptions in the supply chain for a variety of materials and products used in the construction industry further magnified the impact of the covid-19 pandemic. During the pandemic, demand for construction sector products and materials plummeted substantially.

The concrete protection market is majorly driven by the growing renovation, maintenance, or repair of buildings and infrastructure. Home renovation, maintenance, or repair are becoming more popular in the world. Renovation and maintenance activities are expected to grow rapidly as compared to the construction of new homes. Moreover, increased demand from commercial infrastructural activities augmented the growth of the concrete protection market. However, the slower growth of residential construction is expected to hamper the growth of the concrete protection market. The house construction industry has faced fluctuations in residential building investment and changing preferences on the density of housing in the country. Nevertheless, the growth of the economies around the world has raised the demand for protective coatings.

On the basis of region, the end of the concrete protection market is fragmented into North America, Europe, Asia, and the Rest of the World (RoW). North America is expected to be the largest region in the market. Asia-Pacific is expected to be the fastest-growing region in the market. North America has one of the most advanced residential infrastructures in the world. People with high income in countries such as United States and Canada have been focusing on renovation activities at an increasing rate. The renovation activities which had suffered delays due to the pandemic are now picking up pace. Furthermore, the construction of new infrastructure and commercial buildings has been one of the major demand drivers of concrete protection chemicals in the United States. In Asia-Pacific countries such as India and China are experiencing high demand for residential and commercial infrastructure due to growing population and economic prosperity.

Segment Covered

The report on the global concrete protection market covers segments such as product type, and end use. On the basis of product type, the sub-markets include hydrophobic impregnations, solvent based protective coatings, water based protective coatings, primers, and anti-graffiti. On the basis of end use, the sub-markets include infrastructure, commercial, industrial, and residential.

Companies Profiled:

The report provides profiles of the companies in the market such as Sika AG, Fosroc, MC-Bauchemie Müller GmbH & Co. KG, MBCC Group, Wacker Chemie AG, AkzoNobel, Belzona Great Lakes Ltd, Covestro AG, Arkema SA, and Henkel.

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the concrete protection market. Moreover, the study highlights current market trends and provides forecasts from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players.


CHOOSE LICENCE TYPE

Please Choose One of them.

© 2024. Infinium Global Research LLP. All Rights Reserved.