Polymer Modified Cementitious Coating Market Trends

Statistics for the 2023 & 2024 Polymer Modified Cementitious Coating market trends, created by Mordor Intelligence™ Industry Reports. Polymer Modified Cementitious Coating trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Team License

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Corporate License

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Market Trends of Polymer Modified Cementitious Coating Industry

This section covers the major market trends shaping the Polymer Modified Cementitious Coating Market according to our research experts:

Residential Buildings Largest Segment for Polymer Modified Cementitious Coating Market

  • Cementitious coatings are commonly two-part mixes utilized behind the tile, over brickwork fixing, and over solid surfaces. These above and beneath grade waterproofing coatings have a great affinity to cement and stonework substrates because of their cementitious nature, and hence solid holding quality. Moreover, the polymer modifier contributes to the flexibility properties.
  • It is utilized as a consistent, impenetrable covering on a level rooftop in residential buildings for both uncovered and concealed waterproofing applications basements, water holding structures, underground solid structures, pits, basins, sumps, and so on.
  • It is anticipated that the revenue of new residential construction in the United States will reach up to roughly USD 585.7 billion by 2023.
  • The residential housing industry for students in India is projected to reach a market value of USD 320 million in 2020 from USD 170 million in 2018.
  • All the aforementioned factors are expected to drive the polymer modified cementitious coating market during the forecast period.
Polymer Modified Cementitious Coating Market Revenue Share

Asia-Pacific Region to Dominate Polymer Modified Cementitious Coating Market

  • Asia-Pacific region holds a prominent share in the polymer modified cementitious coating market globally and is expected to dominate the market during the forecast timeline.
  • The region has seen rapid urbanization in the last few years as the developing countries like China, India, Indonesia, etc. from the region are becoming a global hub for several businesses across the world.
  • In 2020, the revenue from the smart home market segment is expected to be USD 34.56 billion and is forecasted to grow up to market value of USD 56.6 billion by 2023.
  • The Asia-Pacific region dominates the buildings & construction business over the world contributing about 46% of the worldwide spending in the construction sector.
  • Thus, rising demand from various industries is expected to drive the market studied in the region during the forecast timeframe.
Polymer Modified Cementitious Coating Market Regional Trends

Polymer Modified Cementitious Coating Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)