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Concrete Floor Coatings Market to show impressive growth during 2019 - 2024

Author : Rahul Varpe | Published Date : 2019-05-09 

Global Market Insights provides a detailed overview of Concrete Floor Coatings market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Concrete Floor Coatings market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report. 

North America has experienced a surge in the construction sector and has a strong pipeline of numerous construction projects. Strong growth in the pharmaceutical, automotive, and food & beverage industry has stimulated the product demand for flooring applications across the region. A significant rise has been observed in remodeling and renovation projects across the residential sector, which has driven the concrete floor coatings market size. Accounting for more than 30% of the overall industry share, North America led the worldwide concrete floor coatings industry share in 2015.

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Global Concrete Floor Coatings Market is poised to witness a major upswing with the soaring construction industry worldwide. On the global level, the total construction spending crossed a mark of USD 7 trillion and is foreseen to record USD 13 trillion by 2024. Flooring is an integral part of the construction industry, and finds wide application in the residential and commercial sectors. Concrete floor coatings are majorly used in flooring applications to provide resistance against harsh climatic conditions and abrasion.

The epoxy coatings segment generated over USD 400 million in 2015. Compared to the other variants, the epoxy coatings are lower in cost and bear high demand from the end-use industry applications such as infrastructure, residential structures and manufacturing facilities for its resistive properties against chemicals and abrasion. Following this trend, the product will have an impressive grow in the forecast timespan.

Owing to the unique characteristics of providing protection from injurious UV rays, polyaspartics segment is forecasted to have gains over 7% CAGR by 2024 for outdoor applications. Moreover, encouraging government initiatives for using bio-based raw materials in coatings will further drive the polyurethane concrete floor coatings in the future years.

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Concrete floor coatings also find significant applications in indoor and outdoor sectors.  Concrete floor coatings market revenue from outdoor applications is anticipated to grow at a CAGR of over 6.5% during the duration from 2016 to 2024. High government funding for infrastructural growth has impelled the product usage in outdoor applications such as driveways, pathways, garages, and walkways. Indoor applications, which dominated the application landscape in 2015, are expected to contribute notably towards market share over the years ahead. The growth can be attributed to the high product preference across residential and commercial constructions. The growing need for improving sports infrastructure will further drive the product demand.

Key players in concrete floor coatings market are:

  • Royal DSM N.V.
  • BASF SE
  • The Sherwin-William Company
  • DAW SE
  • RPM International Inc.
  • PPG Industries Inc.
  • Sika Corporation
  • The Valspar Corporation
  • Behr Process Corporation
  • Nippon Paint Co. Ltd.
  • Henkel Corporation
  • Rodda Paint Co.
  • Vanguard Concrete Coating
  • The Stonhard Group
  • Epmar Corporation

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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