Analysis of Masonry Sealers market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Masonry sealers are applied to concrete surfaces to protect them from various defects like surface damage, staining, corrosion and many others. Masonry sealers either block the pores formed in the concrete to lower the absorption of water and salts or form an impregnable layer that restrains such materials from passing.
Major concrete authorities like the American Concrete Institute, US National Ready Mix Concrete Association, and Portland Cement Association; confirm that most of the concrete damage is due to surface moisture intrusion. The most common type of concrete damage is surface scaling and other forms of concrete damage include reactions of alkali-silica (ASR), corrosion of steel reinforcements, and chemical intrusion.
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Masonry sealers market has witnessed a huge growth all across the globe due to the increase of its use extensively in all structural constructions made of concrete. The market is gaining traction resulting due to huge demand from flooring industries, and also to increase the corporeal appearance. Masonry sealers market is highly dependent on various other factors which influence the construction industries, flooring and other markets which directly or indirectly propel or thwart the growth of the masonry sealers market.
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Masonry sealers market is majorly driven by high demand from flooring industries, enhanced appearance. Moreover, growth in automobile sales will also eventually contribute in boosting the demand for parking areas, driveways including courtyards, pedestrians’ pathways and others across the globe also set to propel the masonry sealers market. The increasing usage of concrete in buildings and gaining traction towards durable and reliable structures will also have a notable sway on the global masonry sealers market.
New entrants in the market are focusing on environment friendly, acrylic and bio-based masonry sealers to have greater consumer engage while the existing players are dedicating their R & D teams to developing highly efficient, next-generation and budget-friendly masonry sealers. The focus of key players on extending R&D interests to develop bio masonry sealers derived from soy beans are expected to open the avenue for the masonry sealers market.
Moreover, the masonry sealers market growth may be restrained due to high manufacturing costs included in the production of masonry sealers. Indeed this is one of the major factors which defines the manufacturers, raw materials pricing, manufacturing or processing costs, workforce or labor costs, energy costs, competition and etc.
Besides, masonry sealers based on coal-tar are prior amongst the potential source of polycyclic aromatic hydrocarbons. These polycyclic aromatic hydrocarbons (PAH) are lethal to the living organisms present in their vicinity. Growing outlaws and conscience among the governing bodies against the use of these masonry sealers all across the globe is likely to restrain the growth of the masonry sealers market.
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As COVID-19 pandemic restricted human movements and forced nations to impose lockdowns and to implement strict social distancing all around the globe, giving a pause to the global economic curve. The market of masonry sealers also witnessed a dip due to impose of the lockdown. The pause for the construction industry which is the base for the masonry sealers market was also under hold which held back the growth of masonry sealers market. The masonry sealers market which is highly dependent on various other industries also accounted for witnessing vigorous fluctuations in the market due to the COVID-19 impact. Anyhow, the lifting of lockdown restrictions by many countries and allowing the public to get back to the workforce made it easy for the masonry sealers market to get back on track. The construction industry is the top-notch among the industries being allowed to get back to normal paved the path for masonry sealers to observe a rise in demand. East Asia countries like china being a pioneer in the lifting of lockdown and also being one of the top countries for increasing construction projects increased the demand for masonry sealers.
The global masonry sealers market seems positive due to the applicability of the material in the construction industry and other structural strength-enhancing sectors. Based on the regional split, the report “Masonry Sealers” takes into account six prominent regions including North America, Latin America, Europe, East Asia, South Asia & Oceania and Middle East & Africa. Most of the market share is bagged by the countries present in the Asia Pacific. The rise in demand from Asia Pacific is witnessed due to healthy increase of construction projects in developing countries present in Asia Pacific. Prominent demand is also being observed from the Middle East and Africa region accounting for the same factor of increase in developing countries focus on construction industries and upcoming construction projects. The raw material required for masonry sealers is available in adequate quantity in the Asia-Pacific region making it contribute a solid share in the global masonry sealers market. Even the companies present in Asia Pacific bag a huge share in contributing to the production of masonry sealers foreseeing the raw material availability in the region.
For masonry sealers market, Europe and North America are the most prominent regions after Asia pacific. This is because North America and Europe account for a solid percentage of the world’s construction industry market resulting it to have a significant amount of consumption in the masonry sealers market. But players in European market are vulnerable to the pricing of masonry sealers due to the low availability of raw material as compared to the players in Asia pacific as raw material sourcing is economic in this region and also have lesser government regulations.
Latin America also contributes a significant amount of share in the masonry sealers market. MEA shows a notable consumption of masonry sealers as there is a momentous rise in construction and rebound in recessionary conditions of construction in this region.
Being a highly fragmented market, presence of small players in the masonry sealers market, especially in the Asia Pacific is observed. The increased cost of raw material to make Masonry Sealers has impacted small and big players in this market. Some of the key players in the Masonry Sealers Market are
Companies operating in the masonry sealers market adopt strategies like merger, acquisition, collaboration and partnership to scale up the operation and to capture the market share. To sustain for a longer run, the key players follow a set of organic strategies by launching a series of new products. And few companies also observed to be following inorganic strategies like acquisition, mergers and joint ventures to hold their position in the market, to maintain stability and to defend against opportunity being dragged by a new entrant. But the most common strategy being adopted by players is a mix of both organic and inorganic strategies on a priority basis to defend and to prolong their existence in the market.
The research report presents a comprehensive assessment of the masonry sealers market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Masonry Sealers Market report provides analysis and information, according to market segments such as geographies, type, chemistry and application.
The Masonry Sealers report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The Masonry Sealers report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The Masonry Sealers report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
The global Masonry Sealers Market is bifurcated into four major segments: type, chemistry, application, and region.
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The masonry sealers market is currently valued at US$ 1.7 Billion.
Rapid urbanization around the world is driving the masonry sealers market
Public infrastructure projects to provide most opportunities for the masonry sealers industry players.
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