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Browse in-depth TOC on "Polymer Modified Cementitious Coatings Market"

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Polymer Modified Cementitious Coatings Market Key Players

Major companies such as - 

• Arkema S.A. (France)
• Sika AG (Switzerland)
• Akzo Nobel N.V. (Netherlands)
• MAPEI S.p.A. (Italy)
• Compagnie de Saint-Gobain S.A. (France)
• Fosroc International Limited (UAE)
• Dow, Inc. (US) and H.B. Fuller Company (US)
• The Lubrizol Corporation (US)
• Organik Kimya Sanayi Ve Ticaret A.S. (Turkey)
• Pidilite Industries Limited (India)
• GCP Applied Technologies Inc. (US)
• Berger Paints India Limited (India)
• W. R. Meadows, Inc. (US)
• Evercrete Corporation (US)
• Indulor Chemie GmbH (Germany)
• The Euclid Chemical Company (US)

The growth of this market can be attributed to the increasing demand for polymer modified cementitious coatings from the residential buildings sector. In addition, government initiatives to support infrastructural developments in the Asia Pacific region are anticipated to drive the growth of the polymer modified cementitious coatings market. Furthermore, outbreak of COVID-19 pandemic is anticipated to hamper the consumption of polymer modified cementitious coatings which affects the market growth.

The polymer modified cementitious coatings market can be segmented based on

On the basis of flexibility

• Flexible
• Non-flexible

Flexible segment is projected to grow at the highest CAGR of the polymer modified cementitious coatings market

The flexible segment is estimated to lead the polymer modified cementitious coatings market in 2020. The growth can be attributed to superior waterproofing performance, excellent durability compared to non-flexible coatings, Flexible cementitious coating material has denser structure, better waterproofing performance, and excellent durability compared to non-flexible or rigid cementitious coatings.  Flexible cementitious coatings are applied to objects which are subject to shrinkage, vibration, movement, stress, and crack formation and to substrates which are difficult to stick to, such as wood, steel, aerated lightweight blocks, and gypsum.

On the basis of composition

• One-component
• Two-component

Two-component segment is projected to lead the polymer modified cementitious coatings market

Increasing demand for higher durability and flexibility is expected to drive the market for two-component polymer modified cementitious coatings. The two-component coating material possesses high flexibility, abrasion resistance, impact resistance, and water resistance properties. the increasing disposable incomes of the populations of emerging countries are leading to the high demand for superior quality products, which is expected to drive the market during the forecast period.

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On the basis of polymer type

• Acrylic Polymer
• SBR Latex

Acrylic polymers segment accounts for the largest share of the polymer modified cementitious coatings market

The acrylic polymers segment is estimated to lead the polymer modified cementitious coatings market in 2020, due to the rising demand due to increasing use of acrylic-based polymer modified cementitious coatings in residential buildings applications.  Further, acrylic-based polymer modified cementitious coatings are low in alkali content, fast-setting, and high strength properties. These are also used for patching small cracks, holes, honeycombs, and surface defects over half-inch in depth. They are used in waterproofing floors, columns, beams, slabs, loading docks, and precast walls. They are also used for the protection of concrete structures from vapor, chloride ions, acidic gas, and alkali attacks.

On the basis of application

• Non-residential Buildings
• Residential Buildings
• Public Infrastructure

Residential segment is estimated to lead the polymer modified cementitious coatings market, during the forecast period

Based on application, the residential buildings segment led the polymer modified cementitious coatings market in 2016. The growth of the residential buildings segment can be attributed to the increasing use of polymer modified cementitious coatings in various residential applications, such as exterior walls, driveways & sidewalks, and floorings. Furthermore, the growth of the real estate market in emerging countries of Asia Pacific and the Middle East & Africa has contributed to the growth of the polymer modified cementitious coatings market in the residential buildings segment.

On the basis of Region

• North America
• Asia Pacific
• Western Europe
• Central & Eastern Europe
• Middle East & Africa
• South America

Asia Pacific is expected to witness the fastest growth in the polymer modified cementitious coatings market during the forecast period

The polymer modified cementitious coatings market in the Asia Pacific region is projected to grow at the highest CAGR between 2020 and 2025. China, India, and Japan together accounted for the major share of the Asia Pacific polymer modified cementitious coatings market in 2019. The Asia Pacific region is an emerging and lucrative market for polymer modified cementitious coatings, owing to industrial development and improving economic conditions. This region constitutes approximately 60% of the world's population, and thus leads to the wide-scale use of polymer modified cementitious coatings for waterproofing applications in residential and non-residential buildings, and public infrastructure. Outbreak of COVID-19 from China and the impact of coronavirus in Japan, South Korea, Autralia, and India has caused a decrease in the consumption of polymer modified cementitious coatings market.

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