Urethane Concrete Sealer Market Share

North American Market Forecast

The North American urethane concrete sealer market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035. The growth of the market can be attributed majorly to the rapid expansion of the construction industry and the presence of leading market key players. In the U.S. economy, the construction industry has more than 745,000 employers and over 7.6 million employees. Further, the burgeoning population of the region is expected to increase the spending on building construction. The total U.S. spending on construction amounted to around USD 1 trillion in 2019. Furthermore, in the same period, the U.S. private, public, and commercial sector construction totaled USD 977 billion, USD 329 billion, and USD 29 billion.

APAC Market Statistics

Furthermore, the market in the Asia Pacific region is also expected to grow at a notable pace over the forecast period. Growth in urbanization boosting the demand for more buildings for people to dwell in is estimated to expand the market size in the region over the forecast period. For instance, it was estimated that around 50% of the population of Asia will migrate to urban areas by 2030. Additionally, the growing real estate industry in the Asia Pacific region has also spurred the demand for rapid building construction whether it’s commercial or residential. Hence, all these factors are expected to boost the market growth over the forecast period.