Global concrete floor coatings market expected to reach USD 1500 million in 2024, growing at a CAGR of 6.8% between 2018 and 2024. Concrete floor coatings provide a durable and reliable surface for industrial and commercial flooring. Concrete floor coatings are generally applied over concrete floors for durable surface and high performance.
The report covers a global and regional level estimation and analysis for the concrete floor coatings market. The study provides forecast from 2018 to 2024 along with historical data from 2015 to 2017 based on volume (Kilotons) and revenue (USD Million). The study includes major drivers and restraints for the concrete floor coatings market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the concrete floor coatings market on a global level.
For providing the users of this report a comprehensive view of the concrete floor coatings, we have included a product portfolio of key vendors and a detailed competitive scenario. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the concrete floor coatings market has also been included. The concrete floor coatings market report covers an in-depth study of global and regional market and market attractiveness analysis, wherein application segments are benchmarked based on their growth rate, general attractiveness, and market size.
The study provides a decisive view of the concrete floor coatings market by segmenting the market based on type and application. The market is estimated from 2018 to 2024 and all the segments have been analyzed based on future and present trends. On the basis of type, the market has been segmented into epoxy, polyaspartics, acrylic, and polyurethane. On the basis of applications, the market has been segmented into outdoor and indoor. The regional segmentation includes the current and forecasted demand for concrete floor coatings in North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The report also covers detailed description of key players including parameters such as financial overview, company overview, business and recent developments of the manufacturers. The key players in the global concrete floor coatings market are Tennant Company, PPG Industries Inc., Behr Process Corporation, BASF SE, Pratt & Lambert Paints, Stonhard, The Sherwin-William Company, Royal DSM N.V., General Polymers, and DuPont, among others.
This report segments the concrete floor coatings market as follows:
Concrete Floor Coatings Market: Type Analysis
Concrete Floor Coatings Market: Application Analysis
Concrete Floor Coatings Market: Region Analysis
Concrete floor coating is generally used to avoid the corrosion on the concrete floors and it is also used to offer resistance against harsh climatic conditions and abrasion. Owing to its beneficial properties the concrete floor coatings are widely used for commercial, industrial, and residential sectors.
The rapid growth in the industrialization and infrastructure is expected to drive the global concrete floor coatings market. Moreover, rising awareness regarding floor coatings is estimated to drive the concrete floor coatings market during the years to come. However, the economic downturn in developed regions and high prices of raw materials and energy is anticipated to impede the growth of the market. Nevertheless, increase in commercial, residential, and industrial constructions are likely to set new wings to the market of the global concrete floor coatings within the years to come.
The concrete floor coatings market is bifurcated into type, application, and region. In terms of type, the market is categorized into epoxy, polyaspartics, acrylic, and polyurethane. Among them, epoxy concrete floor coatings segment accounted for the largest market share (around 50%) in 2017. Epoxy concrete floor coatings have widespread applications in electrical & electronic, pharmaceutical, and in public infrastructure which include airports, railway stations, and hospitals. On the basis of application, concrete floor coatings market is segmented into indoor and outdoor. The indoor application accounted for the largest market share in 2017. Rising commercial, residential, and other construction projects such as the sports construction are anticipated to fuel the concrete floor coatings market during the forecast period.
North America was the largest market for the global concrete floor coatings market in 2017 followed by the Asia Pacific and Europe. This region accounted around 31% market share in 2017. Rising remodeling and renovation activities in the indoor construction especially in the residential construction sector are expected to enhance the North America concrete floor coatings market during the projected period. The Asia Pacific is projected to be the fastest growing region. Expanding the construction sector in the emerging economies such as China and India is anticipated to exhibit the fastest growth rate of concrete floor coatings market over the forecast period. Europe is anticipated to witness moderate growth rate in the coming years. The Middle East & Africa and Latin America are expected to witness significant growth over the forecast period.
The key manufacturers in the concrete floor coatings market are Tennant Company, PPG Industries Inc., Behr Process Corporation, BASF SE, Pratt & Lambert Paints, Stonhard, The Sherwin-William Company, DuPont, General Polymers, and Royal DSM N.V., among others.
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