Urethane Concrete Sealer Market Analysis

Application (Residential, Commercial, Industrial Construction)

The global urethane concrete sealer market is segmented and analyzed for demand and supply by end-user into residential, commercial, and industrial construction. Amongst these three segments, the residential segment is expected to garner a significant share. The growth of the market can be ascribed to the increased number of residential buildings across the globe. As per estimations, in 2020, there were almost 100 million single-family homes in the U.S. Further, there were around 5.2 million multifamily residential buildings in the same period. Residential construction is expected to dominate the market as there is an ample amount of increased population. In 2020, it was calculated that 90% of the buildings in the U.S. were single-family homes, with approximately 200 billion square feet. Therefore, all these factors are expected to hike the market growth over the forecast period.

Sales Channel (Direct, Indirect Sales)

Furthermore, the commercial construction segment is also expected to obtain the second-largest share of the market over the forecast period. Commercial construction includes renovating, designing, and building new commercial structures based on demand. The segment is projected to grow on the back of rising funding for construction and a surge in business activities across the globe. The properties comprised of the commercial building are retail spaces, office space, multi-family retail, and industrial use. Urethane concrete can also be combined composites manufactured with several materials such as cement and many more. In commercial construction, a person can find hotels, office buildings, medical & shopping centers, warehouses, and others. As of 2018, approximately 6 million commercial buildings in the USA took around 95 billion square feet in the United States.

Our in-depth analysis of the global market includes the following segments: