Concrete Floor Coatings (Epoxy, Polyaspartics, and Others) Market
Concrete Floor Coatings (Epoxy, Polyaspartics, and Others) Market for Outdoor and Indoor Applications - North America Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023
Press Release :
The demand within the global market for concrete floor coatings has been rising on account of the revolutionary developments in the constructions industry. Concrete floor coatings are meant to offer a protective layer to floors made of concrete, and these coatings are extremely efficient in resisting the impact of chemical and mechanical stresses. Furthermore, concrete floor coatings exhibit commendable adhesion to the concrete surface which in turn helps in retaining the quality, texture, and appearance of floorings. In the contemporary times, several types of concrete floorings have made way into the market, and the consumers have a wide array of options to choose from. Moreover, the constructions industry has started paying integral attention to the aesthetics and strength of floorings which has created ripples in the global market for concrete floor coatings. It is expected that the demand for concrete floor coatings would escalate at a tremendous rate on account of the availability of high-quality coating products in the market. The growth of the global market for concrete floor coatings also relies on the speed of industrialisation across the world.
Transparency Market Research (TMR) finds that the North America market for concrete floor coatings would touch a value of US$546.8 mn by 2023, elevating up from a value of US$325.0 mn in 2014. Furthermore, the regional market is expected to expand at a healthy CAGR of 6.0% over the forecast period between 2015 and 2023.
Epoxy-Based Coatings Attract Highest Demand
On the basis of product type, the demand for epoxy coatings has outdone all other products in this segment. It is projected that the use of epoxy coatings would further increase as several manufacturers and inspecting organisations have come to approve of the quality of these coatings. Furthermore, the easy availability of epoxy-coatings in regions surrounding Mexico has created commendable demand for these products. The cost of epoxy-coatings is also lower as against other coatings which further popularises these coatings in North America. Over the coming years, the demand for polyaspartic coatings is also expected to shoot up due to the resistance of these coatings to abrasion, ultraviolet rays, and wear and tear. On the basis of application, the demand for concrete floor coatings for outdoor areas has superseded their demand for indoor areas. This is because outdoor surfaces are subjected to heat and other climatic adversities, and there is an urgent need to protect these surfaces.
Mexico to Lead other Regional Segments
On the basis of geography, the North America market for concrete floor coatings is segmented into Mexico, U.S., and Canada. Amongst these regions, the demand for concrete floor coatings has been the highest in Mexico due to the easy availability of various types of floor coatings in the region. Furthermore, Mexico also hosts a large market of concrete floor coatings that is reciprocated by the well-off population in the region. Canada and the US are also expected to witness an increase in the demand for concrete floor coatings as the government rolls out new infrastructural plans.
Some of the key players in the global market for concrete floor coatings are Sherwin-Williams, RPM International Inc., The Valspar Corporation, and PPG Industries.
north america concrete floor coatings market was valued at US$325.0 mn in 2014 and is expected to reach US$546.8 mn by 2023, expanding at a CAGR of 6.0% from 2015 to 2023
Concrete floor coatings are widely used across the globe for protecting concrete floors from abrasion and wear and tear. Demand for concrete floor coatings is primarily led by growing awareness regarding floor coatings and increasing construction activities in North America. North America dominates the global market for concrete floor coatings. This report by Transparency Market Research analyzes, estimates, and forecasts demand for concrete floor coatings on a regional level from 2015 to 2023 in terms of volume and revenue. The study also provides information on restraints, drivers, and opportunities along with impact on the overall market during 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 feedstock 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 bargaining power of buyers and suppliers as well as 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 employ 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. 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 US$ Mn. 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 market in North America. Market size and forecast for each major application is also provided in the context of the market in North America. Numbers provided in the report are derived based on demand for concrete floor coatings from various end-user industries in different countries. All prices have been considered as FOB prices. All market revenues have been calculated based on sales and consumption trends.
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 (polyurethane, acrylic, etc.). Based on application, 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 2015 to 2023.
The concrete floor coatings market is segmented based on country into the U.S., Canada, and Mexico. Demand from each application type of concrete floor coatings in terms of both revenue and consumption for each of these countries has been forecast in the report from 2015 to 2023. Major market drivers for the concrete floor coatings market in North America are the recovering construction industry and growing infrastructure investments in Mexico.
Leading manufacturers profiled in this report include BASF SE, Sherwin-Williams, RPM International Inc., The Valspar Corporation, and PPG Industries Inc. These companies are profiled in detail with features such as company overview, financial overview, business strategies, and recent developments.
The report segments the concrete floor coatings market in North America as follows:
Concrete Floor Coatings Market – Product Segment Analysis
- Others (acrylic, polyurethane, etc.)
Concrete Floor Coatings Market – Application Segment Analysis
Concrete Floor Coatings Market – Regional Analysis
- North America