Urethane Concrete Sealer Market Size

Urethane Concrete Sealer Market size was over USD 2.15 Billion in 2023 and is likely to cross USD 5.5 Billion by the end of 2036, witnessing more than 7.5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of urethane concrete sealer is estimated at USD 2.3 Billion.The growth of the market can be attributed to the increased adoption of urethane concrete sealers across the construction industry. The recent boom in the construction industry is thus expected to fuel market growth. As per recent statistics, the total spending in the U.S. construction sector totaled to be USD 2 trillion in 2020. Further, the U.S. construction industry accounted for 4.2% of the total GDP in 2021. The higher utilization of urethane concrete sealer in the construction industry is associated with the fact that it increases the lifespan of floors and walls. It prevents cracks and stains and protects them from humidity by making them durable and long-lasting. Hence, this factor is estimated to boost the market growth over the forecast period.

Applied on concrete surfaces, urethane concrete sealer protects from corrosion, staining, and other degrading processes. Urethane concrete sealer adds an impermeable layer that prevents materials from passing or accumulating on concrete surfaces. Urethane concrete sealer is highly durable and has abrasion resistant nature that significantly increases the life of concrete structures. Additionally, it dries up quickly, thus allowing professionals to finish their projects promptly. The increased involvement of the population in the construction sector is expected to expand the construction industry which is further projected to fuel the urethane market growth in the forecast period. As of 2021, there were almost 10 million construction workers in the United States, approximately 8% of the total working population.