Polymer Modified Cementitious Coatings Market 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.
Download the PDF Brochure @https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=251464560
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.
Based on application, the residential buildings segment led the polymer modified cementitious coatings market in 2016, owing to an increase in construction activities across all regions.
The Asia Pacific region led the polymer modified cementitious coatings market in 2016 and is expected to grow at a high rate during the forecast period. The growth can be attributed to the increasing demand for polymer modified cementitious coatings from non-residential buildings, residential buildings, and public infrastructures applications in China, India and South Korea.
The shelf life of the polymer modified cementitious coatings is restricted to 3-5 years. Therefore, polymer modified cementitious coatings market growth is restrained due to the limited shelf life. In addition, any price fluctuation of the raw materials required in the production of this coating is a major challenge in the growth of polymer modified cementitious coatings market.
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) are the major players in the polymer modified cementitious coatings market. These players have been focusing on strategies, such as mergers & acquisitions, expansions, and new product developments to expand their businesses in untapped and potential markets.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
No comments:
Post a Comment