Global Concrete Floor Coatings Market: Overview

Concrete floor coatings are widely used for protecting concrete floors from tear and wear, abrasions, and provides resistance from harsh climatic conditions. They are employed in both commercial and residential structures. As builders and consumers are gaining awareness about the several benefits of concrete floor coatings, thus it is expected that the market will grow substantially over the next couple of years. The growing sales of concrete floor coatings is mainly driven by the rising awareness regarding floor coatings and growing construction activities. The market is likely to maintain a stable growth owing to this trend. Concrete floor coatings are known know for serving the purpose of shielding concrete floors from thermal shocks and chemical attacks. The high growth prospectus of the buildings and construction industry in developing as well as developed regions is projected to trigger the growth of the global concrete floor coatings market.

Leading companies in the global market for concrete floor coatings have adopted strategies such as intense marketing, mergers, acquisitions, joint ventures, investment, expansion, partnerships, and agreements in order to gain additional market share and establish a leading position in the market. The growth of the market is anticipated to be restricted by the volatile supply and prices of raw materials. Thus, the growing demand for bio-based concrete floor coatings is an opportunity which manufacturers can capitalize on.

The global concrete floor coatings market is projected to rise at a 6.80% CAGR between 2014 and 2020. The market is expected to be worth US$1.1 bn by 2020 from a valuation of US$0.7 bn in 2013.

Indoor Floor Coatings to Emerge as Leading Revenue Generator for Market

The indoor floor coatings segment emerged dominant in terms of popularity and high consumption with a share over 50%. Recently, there has been a substantial increase in the demand for concrete floor coatings employed in applications of indoor floor coatings due to the rising prominence of floor coatings, especially in the commercial and industrial sector. Based on product type, the global concrete floor coatings market was led by epoxy based concrete floor coatings in 2013 with a share of approximately 50% in the same year. The second most popular product type was polyaspartics based concrete floor coatings. The high demand for epoxy coatings can be attributed to its low cost and benefits such as resistance to chemicals and heat, better insulating properties, and excellent adhesion.  

Asia Pacific to Give Neck-to-Neck Competition to North America

Region-wise, North America led the market in 2013 closely followed by Asia Pacific in terms of consumption. Although North America continues to be the leading market, the market in Asia Pacific is expected to challenge North America with full force. The growing population and urbanization in Asia Pacific has given impetus to the sales if concrete floor coatings in the region in the last few years and this trends is likely to gain traction in the near future as well. The market in North America is growing owing to the recovering construction sector, especially in the U.S.

The leading companies in the global concrete floor coatings market are PPG Industries, The Valspar Corporation, RPM International Inc., DSM, Sherwin-Williams, 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)