Emergen Research's Global Concrete Floor Coatings Market Research Report was created through an analysis of key business details and an extensive geographical spread of the Concrete Floor Coatings industry. The study provides comprehensive coverage of the Concrete Floor Coatings Market's qualitative and quantitative analysis, as well as critical statistical data about the Concrete Floor Coatings Market. The research study offers historical data from 2018 to 2019 as well as accurate forecasting until 2022. The report also profiles established and emerging market players, providing an overview of the company, product portfolio, strategic alliances, and business expansion strategies.
The global concrete floor coatings market size is expected to reach USD 2.24 Billion in 2030 and register a steady revenue CAGR of 6.0% over the forecast period, according to latest analysis by Emergen Research. Concrete floor coatings market revenue growth is a major factor driving growing manufacturing sector in emerging economies. For instance, China's manufacturing output in 2020 increased by 0.79% from 2019 to USD 3,853.81 billion. In addition, rising infrastructure spending around the world is another factor expected to drive market revenue growth. For instance, in 2020, the UK general government invested over £20.6 billion in infrastructure, of which £13.9 billion went to the federal government and £6.7 billion to local governments. Hence, all of these factors are responsible for driving market revenue growth.
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Competitive Landscape:
The latest study provides an insightful analysis of the broad competitive landscape of the global Concrete Floor Coatings market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers & acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Concrete Floor Coatings market and pinpoint the fundamental growth trends.
The leading market contenders listed in the report are:
BASF SE, DSM, DAW SE, PPG Industries, Inc., NIPSEA Group, RPM International Inc., BEHR Process Corporation, The Sherwin-Williams Company, Valspar, Sika Corporation
Global Concrete Floor Coatings Market Highlights:
- Regional demand estimation and forecast
- Product Mix Matrix
- R&D Analysis
- Cost-Benefit Analysis
- Pre-commodity pricing volatility
- Supply chain optimization analysis
- Technological updates analysis
- Raw Material Sourcing Strategy
- Competitive Analysis
- Mergers & Acquisitions
- Location Quotients Analysis
- Carbon Footprint Analysis
- Patent Analysis
- Vendor Management
Key Parameters Analyzed in This Section:
- Company Profiles
- Gross Revenue
- Profit margins
- Product sales trends
- Product pricing
- Industry Analysis
- Sales & distribution channels
Regional Segmentation:
- North America
- Latin America
- Europe
- Middle East & Africa
- Asia Pacific
Key Points Covered in This Section:
- Regional contribution
- Estimated revenue generation
- Vital data and information about the consumption rate in all the leading regional segments
- An expected rise in market share
- Forecast growth in the overall consumption rate
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Some Key Highlights From the Report
- On 17 May 2022, TSR Concrete Coatings signed a merger with Ninja Coatings and PolyPro Concrete Coatings. TSR is a portfolio business of Bertram Capital and a producer of residential concrete coating solutions ("PolyPro"). Bertram established ReVamp Companies ("ReVamp") concurrently with closing of Ninja and PolyPro transactions. ReVamp is a platform for the top home improvement companies in the country, specializing in residential concrete coatings and other services that improve the look and feel of clients homes.
- The epoxy segment is expected to account for a large revenue share over the forecast period. This is attributed to its wide availability, environmental friendliness, and being economical compared to other coating solutions. Epoxy concrete floor coatings are a great option for anyone looking for beautiful and long-lasting flooring. To form a chemical bond with concrete, hardeners and polymer resins are mixed together with many different color and decorative options available. A surface that is more robust than floor paint and can endure heavy traffic is one of the advantages of employing an epoxy coating. Additionally, it creates a floor that is easy to maintain, stain-resistant, and versatile enough to be utilized for both residential and commercial purposes. Moreover, it creates vibrant, distinctive visuals that can be adjusted in a variety of ways and it requires little setup time and downtime.
- The indoor segment is expected to account for a large revenue share in the global market over the forecast period owing to demand for housing infrastructure, which is increasing in proportion to population that is accelerating need for new residential construction projects. Finishing options for concrete include polishing, coloring, staining, and putting decorative coatings, which makes it possible to complete a concrete basement floor or to expose concrete floor slabs that had been carpeted or tiled over. In the kitchen, cellar, garage, or warehouse, individuals require a floor that can endure a range of stresses. Concrete coatings are highly resilient and do not chip or break-like other floor tiles and is the most cost-effective option for any commercial establishment. A beautiful, well-constructed concrete floor can last between 50 and 100 years. If the flooring is maintained by a concrete coating, it can last full life of the house.
- The industrial segment is expected to account for large revenue share in the global market over the forecast period owing to increasing use to enhance aesthetics and protect floors from corrosion and heavy surface wear. Every manufacturing plant deals with unique issues that call for specialized flooring solutions. Industrial epoxy and other high performance resinous floor coverings can improve worker productivity in industrial buildings, warehouses, or factories, while also promoting employee health and safety. Like many other design and technical challenges, the type of floor coating that should be chosen is greatly influenced by environment at the job site. For instance, in food & beverage production facilities, storage facilities, laboratories, pharmaceutical plants, and high performance and sanitary floor surfaces, that are simple to clean and resistant to abrasion, staining, and chemical deterioration, are required.
- The Asia Pacific market is expected to account for largest revenue share during the forecast period, which is primarily attributed to the region's growing construction industry. For instance, the construction industry, which in 2019 generated 5.3% of the country's GDP, plays a significant role in supporting the Japanese economy. The recovery from Great East Japan Earthquake and Summer Olympics in Tokyo has both contributed to current upward trend in the industry as a whole. The continued loosening of restrictions and increased construction activity contributed to 17.1% growth of the Indian construction industry in 2021. Consequently, the region's developing construction sector is rising demand for concrete floor coatings, which in turn, is driving market revenue development.
Market Overview:
The report bifurcates the Concrete Floor Coatings market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- Product Outlook (Revenue, USD Billion; 2019-2030)
- Epoxy
- Polyaspartic
- Acrylic
- Polyurethane
- Others
- Application Outlook (Revenue, USD Billion; 2019-2030)
- Indoor
- Outdoor
- End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Residential
- Commercial
- Industrial
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Key reasons to buy the Global Concrete Floor Coatings Market report:
- The latest report comprehensively studies the global Concrete Floor Coatings market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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