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.
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.
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.
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.
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.
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.
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