The North America concrete sealer industry is set to witness promising growth in forthcoming years owing to new innovations, technological advancements, and escalating demands of end-users. Concrete sealers are essentially important for protecting different surfaces from water damage, which is usually caused by stains from oil, thaw/freeze cycles, dirt, deicing salts, as well as other types of pollutants.
Sealants are mainly considered for use in applications where the concrete surface is frequently exposed to moisture. Normally, when sealants are applied to concrete, they act as water repellents, thus decreasing or overall preventing water and other types of soluble pollutants such as chlorides from penetrating the porous concrete.
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How would strategic initiatives by market players simulate the North America concrete sealer industry share?
Presently, various market players are actively engaged towards new product launches to expand their customer base as well as to gain a competitive a edge in the market. Citing an instance, in May 2020, DAP Products, Inc., the leading manufacturer of adhesives, latex caulks, insulating foams, silicone sealants, and patch & repair products, reportedly announced the launch of its novel textured concrete, which is exclusively formulated with a textured finish to flawlessly blend with concrete.
It further provides higher elongation as well as extension for a more long-lasting and durable seal. Textured Concrete tends to provide DIYers and professionals a durable and an aesthetic repair solution for concrete cracks usually found in basements, garages, patios, sidewalks and driveways. The firm’s premium textured concrete is a highly textured latex sealant that replicates concrete, further letting users to attain more precise color matching with common concrete material.
As per Global Market Insights, Inc., such product launches would be playing a major role in shaping the overall industry outlook over the coming years.
How would durable concrete sealers drive the overall market size?
In terms of product, there are numerous kinds of sealers, out of which the durable concrete sealers use is the most important for a concrete surface that is supposed to be long-serving. The durable concrete sealers tend to form a solid defensive layer on the surface of the concrete, conveying a hard as well as long-lasting coating with chemical and abrasion resistance. Most of the durable concrete sealers are usually available in an extensive variety of colors, further giving a glossy touch to the surface. This variety coupled with the durability the product imparts would greatly stimulate the market revenue share.
Which concrete sealer type segment would make notable contributions towards the industry growth in North America?
In terms of type, the overall North America concrete sealer market is bifurcated into penetrating, acrylic, epoxy, film-forming, polyurethane, and others. Among these, the others product segment will grow at a respectable CAGR of around 2.9% over the forthcoming time period. Clear type concrete sealer makes the surface durable, giving a polished and finished look. These type of sealers increases the durability against normal wear & tear, and foot traffic. It also improves look of bare concrete, and gives protection against staining and penetration. Clear type concrete sealers are best for pool decks, driveways, and basements.
Low gloss sealers are mainly designed to improve as well as protect an assortment of exterior and interior surfaces with a low gloss finish. These are UV resistant, and non-yellowing, further providing long years of life before having the need for a recoat.
Meanwhile, key industry players operating across the concrete sealer market in North America are actively focusing on strategic partnerships, as well as mergers & acquisitions to expand their market presence. Citing an instance, in June 2020, ChemMasters, Inc., a leading specialty concrete chemicals manufacturer, reportedly announced the acquisition of Vexcon Chemicals, a renowned chemical manufacturer.
Vexcon manufactures an extensive line of concrete chemicals including both solventborne and waterborne seals and cure, water repellents, treatments, highway cures, hardeners, sealers, densifiers, sold under its various brand names. The addition of Vexcon Chemical to its rapidly growing brand portfolio would aid ChemMasters in offering industry-leading technology and products to both Vexcon and ChemMasters customers.
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Vexcon Chemicals, Inc., Nutech Paint, Omnova Solutions, Laticrete International, Valspar Corp, BASF, W. R. Meadows, Evonik Industries, Prosoco, PPG Industries, Euclid Chemical Company, Ameripolish, Mapei Construction Products, and SealBond Inc. among many others are some of the key players operating in throughout the concrete sealer market within North America.