Polymer Modified Cementitious Coatings Market is estimated to be valued at USD 1,248.9 Million in 2021 and is poised to grow at a significant CAGR of 4.5% over 2022-2028. Polymer-modified cementitious coatings are fine-textured, abrasion-resistant coatings used for deicing salt protection and damp-proofing/waterproofing. Because of their capacity to protect concrete in sulfate-contaminated ground conditions, they are commonly utilized as waterproofing agents in the building sector. Based on the component, the global polymer-modified cementitious coating market is segmented into One-component and Two-component. The Two-component segment is anticipated to grow at a significant CAGR over the forecast years owing to the growing demand for more durable and adaptable waterproofing solutions. The two-component coating material is very flexible, abrasion resistant, impact resistant, and water resistant. Furthermore, due to the longevity of the coating, rising disposable incomes, and increased industrialization in emerging economies, consumption of two-component coatings is predicted to lead the market. The primary factor driving the growth of the polymer-modified cementitious coating market is the rising demand for rapid urbanization and the industrial revolution. Moreover, Expansion of the commercial real estate in developing economies due to an increase in the construction of commercial shipbuilding is expected to drive the polymer-modified cementitious coating market.
In March 2020 W. R. Meadows, Inc. introduced MEADOW-PATCH SMOOTH-GRADE, a new one-component polymer modified coating. It is used to fill cracks, smooth rough surfaces, and repair other minor surface flaws in new or existing concrete surfaces. This has enabled the company to broaden its product portfolio and reach new markets.