The report "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", The
polymer modified cementitious coatings 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.
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Growing demand for polymer modified cementitious coatings from the residential buildings segment is expected to drive the market for polymer modified cementitious coatings.
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.
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.
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Growing demand for polymer modified cementitious coatings from the residential buildings segment is expected to drive the market for polymer modified cementitious coatings.
The polymer modified cementitious coatings market has
been segmented on the basis of polymer type, application, and region.
Based on polymer type, the acrylic polymer segment led the polymer
modified cementitious coatings market in 2016, owing to the use of its
varied derivatives across various applications. Based on application,
the residential buildings segment led the polymer modified cementitious
coatings market in 2016, owing to increase in construction activities
across all regions.
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.
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.
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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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