04-Nov-2020 | Zion Market Research
As per Zion Market Research, the global polymer modified cementitious coatings market is likely to attain USD 2.50 billion by the end of 2026 and grow at a CAGR of over 6.5% during the forecast period 2020 to 2026. The augmenting government programs for infrastructural advancement and rising demand for polymer alters cementitious coatings from the residential sector are some of the major factors accountable for the development of this market over the estimated period. The global polymer modified cementitious coatings market is likely to develop at a significant pace over the projected time owing to increasing product demand from the construction industry mostly in the budding nations.
Some of the key players in the industry are The Dow Chemical Company, AkzoNobel N.V., Arkema, Celanese Corporation, BASF SE, The Lubrizol Corp., Mapei S.p.A., Fosroc International Ltd., and Pidilite Industries Ltd.
Rise In Demand For Advanced Waterproofing Coatings To Fuel The Global Polymer Modified Cementitious Coatings Market
The rapid urbanization & industrialization and augmenting usage in architectural applications are responsible for the development of polymer modified cementitious coatings market. The expansion in the construction industry is also likely to augment market demand. There is also increasing investment across the infrastructure segment which is expected to accelerate their demand. There is an increasing demand for advanced waterproofing coatings and a surged prevalence of geopolymer cement that will boost the market growth. On the contrary, they have the potential to augment the elasticity and tensile strength of the cement. The budding market of commercial real estate due to mounting construction of the commercial building across the developing countries is likely to have an upbeat impact on the market since the coatings are widely utilized for external corrosion resistance. The surging demand for residential real estate in the emerged countries in North America is projected to have a positive impact on the growth of the market during the forecasted period.
The global polymer modified cementitious coatings market is bifurcated on the basis of the polymer type, application, and regional analysis. Based on the polymer type, the market is divided into SBR latex and acrylic polymer. Based on the application, the market is divided into public infrastructures, non-residential buildings, and residential buildings.
The Asia Pacific Region Projected To Witness Major Share In The Global Polymer Modified Cementitious Coatings Market
Based on geographical analysis, the global polymer modified cementitious coatings market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The Asia Pacific region is estimated to witness the highest market share in the forecasted period. The market can be attributed to the increasing demand for industrial offices, houses, commercial buildings, educational offices, hospitals, etc. The rising awareness concerning waterproof coatings owing to the surged prevalence of unfavorable climatic conditions like cyclones, heavy rainfall, increased moisture in the air in the coastal areas, etc. is expected to be a key factor in propelling the overall polymer modified cementitious coatings market size by the end of 2026.
Browse the full “Polymer Modified Cementitious Coatings Market - By Polymer Type (SBR Latex and Acrylic Polymer), By Application (Public Infrastructures, Non-Residential Buildings, and Residential Buildings), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/polymer-modified-cementitious-voatings-market
The global polymer modified cementitious coatings market is segmented as follows:
By polymer type:
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