Polymer Modified Cementitious Coating Market Opportunity and Key Vendor Analysis by 2022

Global Polymer Modified Cementitious Coating Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. The cementitious coating is termed as a coating that forms a highly elastic hard and alkaline coating on the substrate. A cementitious coating offers corrosion resistance to substrates. It is a cementitious modified polymer coating and offers high adhesion to both concrete and steel. Moreover, it protects from chlorides, aggressive acid gases, and moisture. Besides, it is useful for external and internal structural waterproofing of concrete and other mineral substrates and enhance the durability of reinforced concrete.

The prominent factors playing role in the growth of Polymer Modified Cementitious Coating Market are excellent bonding capability and weathering capabilities. On the other hand, factors that are restraining overall market growth are the facts that it is not resistant to acid rain and other contaminants and requires a high degree of expertise for installation.

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Polymer Modified Cementitious Coating Market is segmented based on types, application, and region. Types such as SBR Latex, Acrylic Polymer, and others classify Polymer Modified Cementitious Coating Market. The Acrylic Polymer segment accounts for the largest market share of the Polymer Modified Cementitious Coating Market and will continue to lead in the upcoming years; the reason being, use of its wide-ranging derivatives across numerous applications.

Applications into Public Infrastructures, Non-Residential Buildings, Residential Buildings, and others classify Polymer Modified Cementitious Coating Market. The “residential buildings” segment accounts for the largest share of Polymer Modified Cementitious Coating Market and is expected to lead the overall market in the years to come; the reason being, rising construction activities across the globe. Polymer Modified Cementitious Coating Market is segmented geographically into Americas (North America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.

Globally, Asia Pacific accounts for the largest share of Polymer Modified Cementitious Coating Market and is estimated to lead the overall market in the upcoming years. The developing countries such as India, China, and South Korea are the major consumers of Polymer Modified Cementitious Coating Market. This is mainly due to rising demand for polymer modified coatings from public infrastructures, non-residential buildings, and residential building applications.

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The key players of Polymer Modified Cementitious Coating Market are Indulor Chemie GmbH, BASF SE, Evercrete Corporation, Arkema S.A., Fosroc International Limited, Celanese Corporation, Berger Paints India Limited, H.B. Fuller Company, W.R. Meadows Inc., Flexcrete Technologies Limited, Organik Kimya San. Ve Tic. A.S., The Lubrizol Corporation, The DOW Chemical Company, Mapei S.P.A., Akzo Nobel N.V., and Pidilite Industries Limited. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.