Global Concrete Floor Coatings Market: Snapshot

Coatings for concrete floors are majorly used for guarding concrete floors from abrasions and wear and tear. Another factor that has made the concrete floor coatings popular among the customer is the fact that protects concrete floors from harsh climatic conditions. These concrete floors are majorly used in commercial and residential structures. Concrete floor coatings are also known to protect the floors from chemical attacks and thermal shocks.  Rise in awareness among consumers and builders regarding the benefits that one can get by using concrete floor coatings is fueling the growth of the market. Apart from this, the rise in construction activities across the world. Attributed to this trend the market is likely to have a stable growth rate. Increase in uptake of various projects by buildings and construction industry in developed as well as developing countries is likely to boosts the market growth.

Major vendors present in the global concrete floor coatings market have accepted various types of strategies to have a strong hold in the region such as mergers, intense marketing, joint ventures, acquisitions, partnerships, agreements, and investment. However it has been noticed that the unstable availability of raw materials and its cost us likely to deter the growth of the market. This had led to the emergence of alternative product such as bio-based concrete floor coatings.

According to Transparency Market Research, the global concrete floor coatings market is prognosticated to grow at CAGR of 6.80% between the 2014 and 2020. By the end of the forecast period, the market is likely to be valued at US$1.1 bn from a worth of US$0.7bn in 2013.

Indoor Floor Coatings to Hold Major Share Due to Rise in Industrial and Commercial Sector

The global concrete floor coatings market is bifurcated on the basis of application and product type. On the basis of application the market is segregated into indoor and outdoor. Between these two, indoor floor coatings segmented held a major share of around 50%. Indoor floor coatings accounted for the major share due to rise in demand particularly from industrial and commercial sector. On the basis of product, the market is bifurcated into polyaspartics, polyurethane,acrylic, and epoxy. Amongst the pack, epoxy based concrete floor coatings held a major share of 50% in 2013. Following the epoxy based concrete floor, polyaspartics based concrete floor coatings is second most popular and used by the builders and construction industry. Due to low benefits and several benefits that comes along with such as better insulating properties, excellent adhesion, and resistance to heat and chemicals, makes the epoxy coatings more favorable.

Asia Pacific to Be On Par With North America

On the basis of geography, the market is split into North America, Asia Pacific, Europe, and Rest of World. Among them, North America held a major share in the overall market which is attributable to the emerging construction sector particularly in the U.S. On the other hand, Asia Pacific is likely to challenge North America in years to come. Emerging countries such as India, China, and Japan have witnessed a serious boosts in the construction activities in last few years, this going to support the Asia Pacific to grow. Apart from this, incessant rise in population accompanied with rapid urbanization is ascribing to the growth of the market in this region. The global floor coatings market is fragmented in nature due to the presence of large number of players. The leading players in the market are likely to invest more in order to get better results from research and development. This leads to product differentiation which helps the organization the strength and brand recognition. Some of the major players in the market are Nippon Paint Co., DAW SE, Behr Process Corp, Royal DSM, and BASF SE.

The demand for concrete floor coatings is primarily led by growing awareness about floor coatings and increasing construction activities across the globe. North America dominates the global market for concrete floor coatings. This report by Transparency Market Research analyzes, estimates and forecasts the demand for concrete floor coatings on a global and regional level for a six-year period from 2014 to 2020 in terms of volume and revenue. The study also provides information on restraints, drivers and opportunities along with the impact on the overall market for the forecast period. The report segments the market based on application and region and offers estimates and forecast of the concrete floor coatings market for each segment. 
 
The study analyzes the product value chain, beginning with feed stock material up to end-use. Additionally, it evaluates the market based on Porter’s five forces model, which analyzes the degree of competition in the market by considering factors such as the bargaining power of buyers and suppliers, and threat from substitute products and new entrants. The report includes a detailed competitive landscape of the concrete floor coatings market, including market share analysis of companies and profiles of key market participants.
 
Inflation is not a part of pricing in the report. Prices of concrete floor coatings vary across each region. Considering that different end-users use different types of products, pricing for each application varies according to regions while estimating and forecasting market revenue on the global basis. The regional average price has been considered while breaking down the market by end-application in each region. The market size of the global concrete floor coatings market has been presented in terms of both volume as well as revenue. Market volumes are provided in kilo tons, while market revenue is in USD million. Both domestic and institutional sales of concrete floor coatings have been considered. Market numbers are provided based on product types and applications in the context of the global as well as regional market. Market size and forecast for each major application is also provided in the context of the global as well as regional market. Numbers provided in the report are derived based on demand for concrete floor coatings from various end-user industries across different regions. All the prices have been considered as FOB prices. All market revenues have been calculated based on sales and consumption trends. All USD exchange rates are as of 2013. Inflation is not a part of pricing; price has been kept constant throughout the forecast period for calculating the market size
 
The report provides a decisive view on the concrete floor coatings market by segmenting the market based on product types and applications. Product segments analyzed in this report include epoxy, polyaspartics and others (including polyurethane, acrylic, etc.). Based on applications, concrete floor coatings are segmented into outdoor (garages, walkways, pathways, driveways, patios, etc.) and indoor (floor coatings for offices, commercial spaces, residential, etc.) coating applications. All application segments have been analyzed based on present and future trends, and the market has been estimated from 2014 to 2020.
 
The concrete floor coatings market is segmented based on geography into North America, Europe, Asia Pacific and Rest of the World. The demand of each application type of concrete floor coatings in terms of both revenue and consumption for each of these regions has been forecast in the report for the period from 2014 to 2020.
 
Leading manufacturers profiled in this report include BASF SE, Sherwin-Williams, DSM, RPM International Inc., The Valspar Corporation and PPG Industries. These companies are profiled in detail with features such as company overview, financial overview, business strategies, SWOT analysis and recent developments.
 
Concrete Floor Coatings Market – Product Segment Analysis
  • Epoxy
  • Polyaspartics
  • Others (including acrylic, polyurethane, etc.)
Concrete Floor Coatings Market – Application Segment Analysis
  • Outdoor
  • Indoor
Concrete Floor Coatings Market – Regional Analysis
  • North America
    • U.S.
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • Japan
    • India
  • Rest of the World (RoW)
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