The Polymer Modified Cementitious Coating Market Size was estimated at 21.45 (USD Billion) in 2022.The Polymer Modified Cementitious Coating Industry is expected to grow from 22.53(USD Billion) in 2023 to 35.1 (USD Billion) by 2032. The Polymer Modified Cementitious Coating Market CAGR (growth rate) is expected to be around 5.05% during the forecast period (2024 - 2032).
Key Polymer Modified Cementitious Coating Market Trends Highlighted
The Polymer Modified Cementitious Coating (PMCC) market is expected to witness substantial growth in the coming years, driven by increasing demand for durable and cost-effective construction materials. Moreover, this increase is primarily a result of growing infrastructure spending, urbanization, and sustainable building practices. Besides, the increased application of PMCC in various areas such as floors, roofs, walls, and exteriors is driving the market further.
To offer more details about the material’s advantages over conventional coatings, such as better toughness, adhesion, and moisture or chemical resistance, these traits make it very suitable for harsh environments like factories, office buildings, and government infrastructures. In addition to this, PMCC is non-hazardous, low-maintenance, and environmentally friendly, thus matching the sustainability targets of authorities across the globe.
Some recent developments in the PMCC sector comprise an advancement toward ready-to-use pre-mixed formulations that cut down on labor expenses while improving productivity. Furthermore, companies are concentrating their research efforts on novel formulations of PMCC with improved performance characteristics like higher flexibility or extreme temperature resilience. These new technologies are anticipated to expand market scope and match changing construction industry demands.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Polymer Modified Cementitious Coating Market Drivers
The construction industry is a major driver of the polymer-modified cementitious coating market. The demand for polymer-modified cementitious coatings is increasing due to the rising construction of residential, commercial, and industrial buildings. The growth of the construction sector is particularly strong in emerging markets, where there is a growing need for new infrastructure and housing. In addition, the increasing use of polymer-modified cementitious coatings in renovation and restoration projects is further contributing to the growth of the market.The increasing demand for durable and sustainable building materials is also driving the growth of the Polymer Modified Cementitious Coating Market Industry. Polymer-modified cementitious coatings offer excellent durability, resistance to wear and tear, and resistance to chemicals and UV radiation. These properties make them an ideal choice for use in a variety of construction applications, including flooring, walls, and roofing. The growing awareness of the benefits of polymer-modified cementitious coatings is also contributing to the growth of the market.
Increasing Demand for Sustainable Building Materials
The increasing demand for sustainable building materials is another major driver of the Polymer Modified Cementitious Coating Market Industry. Polymer-modified cementitious coatings are considered to be a sustainable building material due to their durability, low maintenance requirements, and ability to reduce energy consumption. The use of polymer-modified cementitious coatings can help reduce the environmental impact of buildings by reducing the need for frequent repairs and replacements.In addition, polymer-modified cementitious coatings can help improve the energy efficiency of buildings by providing a reflective surface that reduces heat absorption. The growing demand for sustainable building materials is expected to continue to drive the growth of the Polymer Modified Cementitious Coating Market Industry in the coming years.
Rising Adoption of Green Building Standards
The rising adoption of green building standards is also contributing to the growth of the polymer-modified cementitious coating market. Green building standards are becoming increasingly common in both developed and developing countries. These standards promote the use of sustainable building materials and practices, including the use of polymer-modified cementitious coatings. The adoption of green building standards is being driven by a number of factors, including the increasing awareness of the environmental impact of buildings, the rising cost of energy, and the growing demand for sustainable buildings from consumers and businesses.The rising adoption of green building standards is expected to continue to drive the growth of the Polymer Modified Cementitious Coating Market Industry in the coming years.
Polymer Modified Cementitious Coating Market Segment Insights:
Polymer Modified Cementitious Coating Market Polymer Type Insights
The Polymer Modified Cementitious Coating Market is segmented by polymer type into acrylic polymer, styrene-butadiene polymer, and vinyl acetate-ethylene polymer. Among these, the largest market share was held by the Acrylic Polymers segment in 2023, and it is expected to remain dominant throughout the forecast period. The growth is due to their good adhesion, flexibility, and durability, which make them useful for various applications in the construction industry (Hello World). Styrene-butadiene polymer is also projected to demonstrate significant progress during the forecast period because of its high strength, toughness, chemical resistance, and moisture barrier properties.
It is predicted that the Vinyl acetate-ethylene polymer will enjoy steady growth as a result of being cheaper while maintaining excellent adhesion qualities. Overall, increasing demand for durable, economical, and environmentally friendly building materials is driving growth in the Polymer Modified Cementitious Coating Market. Awareness about the benefits of polymer-modified cementitious coatings, including enhancing water resistance, reducing cracking, and improving the aesthetics of buildings/structures, has also favored market expansion.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Polymer Modified Cementitious Coating Market Application Insights
The application segment of the Polymer Modified Cementitious Coating Market is categorized into Interior, Exterior, and Roofing. It is anticipated that among the segments, the Exterior segment will be able to hold the largest market share in 2023 and will continue its dominance till the end of the forecast period. The growth of this segment is attributed to the increasing demand for durable and weather-resistant coatings for exterior walls of residential and commercial buildings. The Interior segment’s growth rate will be steady during the forecast period due to rising demand for decorative and protective coatings for interior walls and ceilings.
On a moderate note, it is expected that the roofing segment will grow at a pace like this, which may be driven by the increased adoption of polymer-modified cementitious coatings as a means of waterproofing roofs against severe weather conditions. Moreover, it is believed that the Polymer Modified Cementitious Coating Market will continue experiencing significant growth in the coming years due to the high demand for durable, cost-effective, and environmentally friendly coating solutions from various industries.
Polymer Modified Cementitious Coating Market Function Insights
The Polymer Modified Cementitious Coating Market is segmented by function into waterproofing, crack bridging, and anti-corrosion. This is because of the rising demand for waterproofing solutions in construction projects. The crack-bridging segment is predicted to record the highest CAGR during the forecast period due to an increase in demand for durable and resilient coatings required for infrastructure projects. The anti-corrosion segment is expected to grow considerably as a result of the expansion of industrial and marine applications that use corrosion-resistant coatings.
The waterproofing segment, on the other hand, will represent more than 50% of Polymer Modified Cementitious Coating Market revenue by 2024. In addition, the crack bridging sector is anticipated to grow with a compounded annual growth rate (CAGR) of over 6% by 2032, and its market value will surpass $5 billion at this time. On the other hand, the anti-corrosion sector will grow at a CAGR of above 4% by 2032, and its market size will exceed USD 4 billion within this period.
Polymer Modified Cementitious Coating Market Substrate Insights
The Polymer Modified Cementitious Coating Market is segmented based on Substrate into Concrete, Masonry, and Metal. Among them, concrete registered the highest revenue share in 2023. The growth of this part is due to the growing demand for polymer-modified cementitious coatings that repair and protect concrete structures within the construction industry. With good adhesion, durability, and resistance to chemicals and moisture, polymer-modified cementitious coatings are suitable for various applications on concrete, such as bridges, parking garages, and industrial plants.
The masonry segment is anticipated to grow significantly over the projected period owing to increasing demand for these coating materials for refurbishing historic buildings and structures. The metal section will also register a slow but steady rise in its growth rate due to increased usage of PMC C’s among automobile manufacturers and aircraft companies.
Polymer Modified Cementitious Coating Market Regional Insights
The Polymer Modified Cementitious Coating Market is segmented into North America, Europe, APAC, South America, and MEA. The APAC is projected to have the highest growth among these regions during the forecast period. The growth of this region can be attributed to the increasing demand for polymer-modified cementitious coatings in the construction industry. The region’s construction activities are on the rise, especially in countries like China and India, which has resulted in a rise in the demand for polymer-modified cementitious coatings used in various applications, including waterproofing, flooring, and roofing.
North America accounted for USD 22.53 billion in revenue from the Polymer Modified Cementitious Coating Market by 2023. Europe is credited with increased awareness about the advantages of polymer-modified cementitious coatings as well as an increase in demand for sustainable and durable building materials. During the forecast period, the South American market is also expected to show significant growth. The reasons behind this growth include the extensive investment in infrastructure development that has recently characterized South America. Consequently, there has been an ever-increasing demand for polymer-modified cementitious coatings primarily because they are useful in various applications such as waterproofing, flooring, or roofing.
This has led to a growing demand for polymer-modified cementitious coatings, which are used in a wide range of applications such as waterproofing, flooring, and roofing. The MEA market will grow at a steady pace during the forecast period. The growth of this region can be attributed to the increasing demand for polymer-modified cementitious coatings in the construction industry. The region’s construction activities are on the rise, especially in countries like Saudi Arabia and the United Arab Emirates, which enhance the usage of polymeric-modified cement across different areas, including but not limited to waterproofing aspect, floorings, and roofing. Thus, there is an ever-growing appetite among various stakeholders within the industry regarding such products due to their application diversification, such as waterproofing, floor coating, or even roofing.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Polymer Modified Cementitious Coating Market Key Players And Competitive Insights:
The Polymer Modified Cementitious Coating Market industry is highly competitive, with several leading players vying for market share. Major players in the market include Sika AG, BASF SE, The Sherwin-Williams Company, RPM International Inc., and GCP Applied Technologies. These companies offer a wide range of polymer-modified cementitious coating products, including mortars, grouts, and sealants, to meet the diverse needs of customers in various end-use industries. The development of the polymer-modified cementitious coating market is driven by the increasing demand for high-performance, durable, and cost-effective coating solutions in the construction industry. The competitive landscape is characterized by strategic collaborations, product innovation, and mergers and acquisitions among key players.Sika AG is a global leader in the production and supply of specialty chemicals and construction materials. The company's polymer-modified cementitious coating products are known for their superior adhesion, flexibility, and resistance to wear and tear. Sika AG has a strong presence in Europe and Asia-Pacific and is actively expanding its operations in North America and South America.BASF SE is a German chemical company with a wide portfolio of products, including polymer-modified cementitious coatings. The company's products are used in a variety of industrial and construction applications, including flooring, waterproofing, and repair. BASF SE has a strong global presence and is investing in research and development to enhance the performance and durability of its coating products.
Key Companies in the Polymer Modified Cementitious Coating Market Include:
Polymer Modified Cementitious Coating Market Industry Developments
The Polymer Modified Cementitious Coating Market is anticipated to reach a valuation of USD 35.1 billion by 2032, expanding at a CAGR of 5.05% from 2024 to 2032. This growth is attributed to increasing urbanization, rising construction activities, and growing awareness about sustainable building materials.Recent news developments include the launch of innovative products such as anti-microbial and self-cleaning coatings. Key players are focusing on expanding their production capacities and geographical reach to cater to the growing demand. For instance, in 2023, Sika AG announced plans to invest in a new production facility in India to meet the rising demand for polymer-modified cementitious coatings in the Asia-Pacific region.
Polymer Modified Cementitious Coating Market Segmentation Insights
Polymer Modified Cementitious Coating Market Regional Outlook
North America
Europe
South America
Asia Pacific
Middle East and Africa
| Report Attribute/Metric | Details |
| Market Size 2022 | 21.45(USD Billion) |
| Market Size 2023 | 22.53(USD Billion) |
| Market Size 2032 | 35.1(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 5.05% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Laticrete International, Inc., CEMEX S.A.B. de C.V., Mapei S.p.A., Arkema SA, SaintGobain SA, Wacker Chemie AG, BASF SE, Bostik SA, Henkel AG Co. KGaA, Sika AG, Pechem Industries Ltd., RPM International Inc., Royal Boskalis Westminster N.V., The Dow Chemical Company, GCP Applied Technologies Inc. |
| Segments Covered | Polymer Type, Application, Function, Substrate, Regional |
| Key Market Opportunities | Rising Urbanization and Construction  Increasing Demand for Durable and Aesthetic Coatings  Growing Adoption of Waterproofing Applications  Environmental Regulations and Sustainable Construction  Technological Advancements and Innovation |
| Key Market Dynamics | Growing demand for durable and cost-effective coatings Increasing environmental regulations Technological advancements in polymer formulations Rising consumer awareness about sustainability Expanding application areas in commercial and residential construction |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Polymer Modified Cementitious Coating Market is expected to reach USD 22.53 billion in 2023 and is projected to grow at a CAGR of 5.05% from 2024 to 2032, reaching USD 35.1 billion by 2032.
The key regions in the Polymer Modified Cementitious Coating Market are Asia-Pacific, North America, Europe, South America, and the Middle East Africa. Asia-Pacific is the largest region, accounting for over 40% of the global market share.
The key growth drivers of the Polymer Modified Cementitious Coating Market include increasing demand for durable and protective coatings, rising construction activities, and growing awareness of the benefits of polymer-modified cementitious coatings.
Polymer Modified Cementitious Coatings are used in a wide range of applications, including flooring, roofing, walls, and facades. They are also used in industrial and commercial settings, such as warehouses, factories, and bridges.
The key competitors in the Polymer Modified Cementitious Coating Market include BASF, Sika, RPM International, The Sherwin-Williams Company, and PPG Industries. These companies offer a wide range of polymer-modified cementitious coating products to meet the needs of various customers.
The Polymer Modified Cementitious Coating Market faces challenges such as the availability of raw materials, fluctuating prices of raw materials, and intense competition. However, the growing demand for durable and protective coatings is expected to drive the market growth.
The Polymer Modified Cementitious Coating Market presents opportunities for growth due to the increasing demand for sustainable and eco-friendly coatings, the growing construction industry, and the rising awareness of the benefits of polymer-modified cementitious coatings.
The trends in the Polymer Modified Cementitious Coating Market include the development of new and innovative products, the use of sustainable and eco-friendly materials, and the growing adoption of digital technologies.
The Polymer Modified Cementitious Coating Market is expected to grow at a CAGR of 5.05% from 2024 to 2032, reaching USD 35.1 billion by 2032.
The key factors driving the growth of the Polymer Modified Cementitious Coating Market include the increasing demand for durable and protective coatings, the rising construction activities, and the growing awareness of the benefits of polymer-modified cementitious coatings.
Senior Research Analyst With an experience of over five years in market research industry (chemicals & materials domain), i gather and analyze market data from diverse sources to produce results, which are then presented back to a client. also, provide recommendations based on the findings. as a senior research analyst, i perform quality checks (qc) for market estimations, qc for reports, and handle queries and work extensively on client customizations. also, handle the responsibilities of client proposals, report planning, report finalization, and execution
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