According to the research report titled ‘Concrete Sealer Market Size By Product, By Application (Residential, Commercial, Industrial), Industry Analysis Report, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’, available with Market Study Report, global concrete sealer market is anticipated to witness significant growth between 2021 and2027.
 

Surging demand to improve lifespan and finishing of concrete floor is a key factor driving global concrete sealer market expansion. Concrete sealers help in preventing surface damage from water and stains from oil, deicing salts, dirt and other contaminants which will also facilate industry growth in the forthcoming years.
 

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Based on product gamut, worldwide concrete sealer market is bifurcated into penetrating (siliconate, silicate, siloxane, silane), epoxy, acrylic, film forming, polyurethane and others. Among these, the penetrating segment amassed USD 179 million in 2020. Widespread commercial application and long lasting nature of penetrating sealers are key factors which contributed to this valuation.
 

Considering sub-segments, the silicate segment captured 2% of global concrete sealer market share in the past year and is estimated to record 4.4% CAGR over the analysis timeframe. Silicates are widely used in outdoor applications due to their high durability and natural appearance when applied on stamped concrete.
 

Speaking of end user spectrum, the industry is divided into commercial, residential and industrial. Among these, the commercial sub segment held 33% of the overall market share and is projected to expand steadily during the study period, owing to surging demand of concrete sealers from commercial complexes like restaurants and malls due to their durability and ease of cleaning.
 

From the regional frame of reference, Middle East & Africa held 8% share in the overall market in 2020 owing to growing application to protect floors against bad weather conditions. Meanwhile, North America concrete sealer market is speculated to grow at 3.8% CAGR through 2027 due to rising investment in the construction sector.
 

Key players influencing global concrete sealer trends are BASF SE, Vexcon Chemicals Inc., Evonik Industries AG, Sika AG, OMNOVA Solutions Inc., Valspar Corporation, PPG industries Inc., Mapei S.p.A, Arkema S.A., and Laticrete International Inc.