With a large pool of key participants, the global concrete floor coatings market demonstrates a highly fragmented and competitive landscape, states the research study. Some of the prominent players in this market are BASF SE, DAW SE, Royal DSM N.V., Nippon Paint Co. Ltd., PPG Industries Inc., Behr Process Corp., The Valspar Corp., The Sherwin-William Co., Sika Corp., Henkel Corp., Epmar Corp., Vanguard Concrete Coating., The Stonhard Group, and Rodda Paint Co.
These players are being increasingly involved into long term procurement contracts with end users, such as the construction sector, which allow the companies to expand across the industry’s ecosystem. Additionally, manufacturers are expected to increase their research activities in order to develop products by utilizing bio-based raw materials, in a bid to generate promising opportunities for the future growth of this market.
According to the research report, the global market for concrete floor coatings, which stood at a displayed an opportunity of US$0.7 bn in 2013, is expected to rise at a healthy CAGR of 6.80% during the period from 2014 to 2020 and arrive at a value of US$1.1 bn by the end of the forecast period. Polyaspartics, epoxy, acrylic, and polyurethane have surfaced as the most demanded concrete floor coatings across the world, notes the research study.
Demand for Concrete Floor Coatings to Continue to be High in Indoor Segment
Concrete floor coatings find an extensive application outdoor as well as indoor. As per the study, the demand for these coatings in indoor infrastructures is a little more than that of the outdoor settings. With the increasing usage of floor coatings in commercial and industrial constructions, the segment is likely to retain its position as the key application in this market over the forthcoming years.
On the geographical basis, the research report classifies the worldwide market for concrete floor coatings market into Asia Pacific (APAC), Europe, North America, and the Rest of the World (RoW). Thanks to the substantial rise in the construction industry and the rising awareness level of consumers regarding the benefits of floor coatings, APAC is likely to emerge as the topmost regional market for concrete floor coatings across the world. This regional market is anticipated to progress significantly in terms of both, production and consumption, over the forecast period, states the research report.
Increasing Construction Activities to Boost Demand for Concrete Floor Coatings
“The global market for concrete floor coatings has gained remarkably from the continual expansion in the construction industry across the world. The increasing trend of urbanization, coupled with the ongoing industrialization, has boosted the construction activities across the world, and, in turn, the demand for concrete floor coatings is rising exponentially.
This demand is anticipated to remain high in the years to come, as the construction industry continues to proliferate on the backdrop of emerging economies. However, the high prices of raw materials may obstruct the growth of this market in the near future, reports the study.
The review is based on a report by Transparency Market Research, titled “Metabolomics Market Concrete Floor Coatings Market (Product Type - Epoxy, Polyaspartics, Acrylic, and Polyurethane; Application Type - Outdoor and Indoor) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020.”
The global concrete floor coatings market is segmented in the following ways:
- Others (including acrylic, polyurethane, etc.)
- North America
- Asia Pacific
- Rest of the World (RoW)
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