Demand for Advanced Waterproofing Options Spurs Polymer Modified Cementitious Coatings Market
August 31, 2018
Polymer modified cementitious coatings are important construction materials manufactured using cement and polymers. While they mainly function in protecting concrete surfaces from water and moisture, they are also used extensively as a bonding agent during new construction and renovation activities. These factors point towards a bright future for these products, as a recently published report projects the global polymer modified cementitious coatings market to grow at a compound annual growth rate of 6.35 percent between 2018 and 2022.
One positive trend in the global polymer modified cementitious coatingsmarket is the increasing popularity of geopolymer cements. Geopolymer is an inorganic compound and is an environment-friendly alternative to cement, particularly Portland cement, the production of which involves an energy-intensive process and significant emission of carbon dioxide.
According to the report, another driver of the growth in the market is increased demand from the residential real estate sector. Polymer modified cementitious coatings are extensively used in the construction of residential buildings owing to their excellent waterproofing features and resistance to wear and tear.
However, the report states that fluctuating raw material costs present a significant challenge within this particular market. Consistent fluctuations in the cost of components used to manufacture polymer modified cementitious coatings pose a major hurdle to manufacturers. The production of these coatings requires numerous raw materials, including Portland cement, several other cement grades, and polymers (such as acrylic polymers and its derivatives and SBR latex).