The new report by EMR titled, ‘Global Concrete Floor Coating Market Growth, Share, Demand, Report and Forecast 2021-2026’, gives an in-depth analysis of the global concrete floor, assessing the market based on its segments like types, process types, distribution channels, applications, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Concrete Floor Coating Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2016-2026)
Forecast CAGR (2021-2026): 5.7%
Concrete flooring is commonly used in the commercial and industrial construction industries. Commercial spaces are seeing strong demand from emerging economies due to the growing service sector. Continuous research and development activities by market producers of concrete flooring drive product development. Many manufacturers come up with creative goods that are in line with the requirements of the end consumer. The market for concrete floor coverings will rise at a significant growth rate due to the revival of demand for residential housing in North America and Europe. Besides, rapidly increasing warehouses have created enormous business opportunities for industry participants due to the powerful e-commerce industry. High industrialization and the rising logistics and distribution sector are increasing the demand for products.
Floor Coating Industry Definition and Major Segments
Concrete is an extremely flexible building material. In addition to its strong structural properties, the concrete can be polished, textured and colored to achieve the desired atheistic values. However, concrete is not indestructible and thus requires protection to maintain its appearance and properties.
The market can be divided into the following segments based on the product:
Epoxy
Polyaspartics
The market can be divided based on the application:
Outdoor
Indoor
The end-use sectors of the industry consist of:
Residential
Commercial
Industrial
The leading regional markets for Concrete Floor Coating are:
North America
Latin Americas
Middle East and Africa
Europe
Asia Pacific
Floor Coating Market Trends
The concrete flooring industry revenue is fueled by the increase in commercial complexes and parking spaces. Changing urban lifestyles, increasing preference for concrete floors, and increasing understanding of safety in commercial parking areas are generating additional demand for concrete floor coverings. Business growth is projected to rise through the developments in the end-use industries and environmentally sustainable building practices. However, concrete is not indestructible and thus requires protection to maintain its appearance and properties. Strong government regulations due to VOC pollution from some floor coverings could restrict the market’s growth for concrete floor coverings.
Powder coatings are acquiring fame since they enjoy an upper hand over different coatings, as far as ecological guidelines, given their dissolvable, free and sans voc nature. This is probably going to impel industry development throughout the next few years. Epoxy, polyurethane, and poly-aspartic are the significantly involved items as substantial floor coatings in North America. Item types broken down in the report incorporate acrylic, epoxy, polyurethane, pol yaspartic, and others. Epoxy substantial floor coatings incorporate solids, dissolvable borne, and water-based epoxy coatings. Polyurethane substantial floor coatings cover dampness fix, dissolvable borne, solids, and water-based coatings. Other item types incorporate polyuria-based coatings.
Asia Pacific involved the biggest income share in 2021. A positive financial viewpoint and development in the private and non-private development areas are supposed to set out development open doors for makers, workers for hire, and specialist co-ops across Canada. In any case, one of the greatest dangers is the vulnerability around the exchange associations with the U.S. Another potential gamble is the Canadian high family obligation, making families more helpless against a monetary or financing cost shock.
Key Market Players
The major players in the market are Royal DSM N.V., Behr Process Corporation, PPG Industries, Inc., Nippon Paint Co. Ltd., and RPM International Inc among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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