Urethane Concrete Sealer Market Share

  • Report ID: 4223
  • Published Date: Feb 17, 2023
  • Report Format: PDF, PPT

Urethane Concrete Sealer Market Share

North American Market Forecast

The North American urethane concrete sealer market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035. The growth of the market can be attributed majorly to the rapid expansion of the construction industry and the presence of leading market key players. In the U.S. economy, the construction industry has more than 745,000 employers and over 7.6 million employees. Further, the burgeoning population of the region is expected to increase the spending on building construction. The total U.S. spending on construction amounted to around USD 1 trillion in 2019. Furthermore, in the same period, the U.S. private, public, and commercial sector construction totaled USD 977 billion, USD 329 billion, and USD 29 billion.

APAC Market Statistics

Furthermore, the market in the Asia Pacific region is also expected to grow at a notable pace over the forecast period. Growth in urbanization boosting the demand for more buildings for people to dwell in is estimated to expand the market size in the region over the forecast period. For instance, it was estimated that around 50% of the population of Asia will migrate to urban areas by 2030. Additionally, the growing real estate industry in the Asia Pacific region has also spurred the demand for rapid building construction whether it’s commercial or residential. Hence, all these factors are expected to boost the market growth over the forecast period.

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Urethane Concrete Sealer Market Size
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Author Credits:  Rajrani Baghel

  • Report ID: 4223
  • Published Date: Feb 17, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Expansion of commercial building construction and rise in residential construction are the major factors driving the market growth.

The market is anticipated to attain a CAGR of ~7% over the forecast period, i.e., 2023-2035.

Fluctuating costs of raw materials is one of the major factors estimated to be the growth hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are The Dow Chemical Company, Triangle Coatings Inc., Evonik Industries AG, BASF SE, Prosoco, Inc., Larsen & Toubro Limited, LATICRETE International, Inc., W. R. Meadows, Inc., Key Resin Company, and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by application, sales channel, and by region.

The residential construction segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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