Industry Press Releases

Polymer Modified Cementitious Coatings Market Worth 1.66 Billion USD by 2022

Thursday, Aug 24, 2017
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According to a new market research "Polymer Modified Cementitious Coatings Market by Polymer Type (Acrylic Polymer and SBR Latex), Application (Non-Residential Buildings, Residential Buildings, and Public Infrastructures), and Region - Global Forecast to 2022", published by MarketsandMarkets™, the market is estimated to be USD 1.23 Billion in 2017 and is projected to reach USD 1.66 Billion by 2022, at a CAGR of 6.2% from 2017 to 2022.

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.

Based on polymer type, the acrylic polymer segment is projected to lead the polymer modified cementitious coatings market during the forecast period

The acrylic polymer segment led the polymer modified cementitious coatings market in 2016. The growth of this segment can be attributed to the increasing use of acrylic-based polymer modified cementitious coatings in architectural applications. Styrene acrylics and vinyl acrylics are major derivatives of acrylics that are used in waterproofing application.

Polymer modified cementitious coatings are widely used in residential buildings application

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.

Asia Pacific is the largest market for polymer modified cementitious coatings

The Asia Pacific region led the polymer modified cementitious coatings market in 2016; this region is expected to continue its dominance in the near future. The high demand for polymer modified cementitious coatings from the construction industry and infrastructural development in countries, such as China and India, are key factors driving the growth of polymer modified cementitious coatings market in the Asia Pacific region.

Key players operating in the Polymer Modified Cementitious Coatings Market are BASF SE (Germany), Sika AG (Switzerland), Arkema S.A. (France), Fosroc International Limited (UK), Mapei S.p.A. (Italy), Akzo Nobel N.V. (Netherlands), The Dow Chemical Company (US), Saint-Gobain Weber S.A. (France), The Lubrizol Corporation (US), Evercrete Corporation (US), Celanese Corporation (US), Lafarge Malaysia Berhad (Malaysia), Flexcrete Technologies Limited (UK), Pidilite Industries Limited (India), H.B. Fuller (US), Organik Kimya San. ve Tic. A.S. (Turkey), and Berger Paints India Limited (India).

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Source:prnewswire.com

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