Concrete Floor Coatings Market to Reach Valuation of US$ 2.2 Bn by 2031: Transparency Market Research

Concrete Floor Coatings Market: Introduction

According to a recent report by Transparency Market Research (TMR), the global concrete floor coatings market is likely to expand at a steady CAGR of 6.4% during the forecast period from 2021 to 2031. The market was valued at US$ 1.1 Bn in 2020 and is projected to reach US$ 2.2 Bn by the end of 2031.

The global floor coatings market is anticipated to witness a highly fragmented competitive scenario, owing to large number of players operating in the market. Some of the major players in the market are Royal DSM, Nippon Paint Co., BASF SE, DAW SE, and Behr Process Corp. These firms are indulging extensively into long-term trade contracts with their end users, especially in construction application, to have a strong foothold in the market and increase their global reach. Leading firms are estimated to increase their investment in terms of capital, stressing more on research and development activities, along with improved product quality to meet consumer requirements.

Rise in Industrialization to Fuel Market Growth

Increase in sales of concrete floor coatings is supported mainly by notable growth in development activities, activated broadly due to high industrialization and rise in urbanization across the world. The growing awareness about safety given by concrete floor coatings from thermal shocks and chemical attacks is also fueling the global market. Manufacturers and customers are becoming aware about the advantages of concrete floor coatings. Thus, the market is expected to expand considerably over the next couple of years. The growth of the building & construction sector in developed and developing regions is anticipated to trigger the global concrete floor coatings market.

Fluctuation in Raw Material Cost to Hinder Market Growth

While the global market for concrete floor coatings represents a noteworthy future, the unstable cost of raw materials may deter the development scope of the market during the forecast period. Nevertheless, rise in demand for concrete floor coatings in industrial and commercial buildings in developing economies is anticipated to lower the negative impact in the near future.

Concrete Floor Coatings Market Drivers

Increase in sale of concrete floor coatings is supported mainly by notable growth in development activities, activated broadly due to high industrialization and rise in urbanization. The growth of the building & construction sector in developed and developing regions is anticipated to drive the global concrete floor coatings market.

Concrete floor coatings are used extensively in outdoor and indoor infrastructural settings. However, the indoor segment is estimated to experience a comparatively higher demand, owing to the propelled use of floor coatings in commercial construction and industrial sector. Geographically, Asia Pacific is anticipated to lead the global concrete floor coatings market over the next few years, due to increase in the number of well-settled manufacturers and production plants in the region.

Concrete Floor Coatings Market Players

Key players profiled in the report are Nippon Paint Co., DAW SE, Behr Process Corp, Royal DSM, and BASF SE. Leading players in the market are likely to focus on investments to obtain better results from research and development.

Global Concrete Floor Coatings Market: Segmentation

Concrete Floor Coatings Market, by Product Type

  • Epoxy
  • Polyaspartics
  • Others (including Acrylic and Polyurethane)

Concrete Floor Coatings Market, by Application

  • Outdoor
  • Indoor

Concrete Floor Coatings Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

About Chemicals & Materials Industry at Transparency Market Research

In-depth insights and expert analysis of the chemicals & materials sector provided by our reports is well grounded. Experts dive deep into product innovations and novel applications, along with changing consumer preferences in the progressing chemicals & materials industry. A detailed discussion on environmental implications of the chemicals & materials sector and how development of bio-based and renewable chemicals are setting new trends substantiate us to be the choice of established and new vendors.

Our league of pundits can take your business to the next level. Connect to know more

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com/

7 of 10 large enterprizes view our Report to take the right decision.

View Report