The report on the Concrete Floor Coatings Market is segmented by Material Type (Epoxy, PU, MMA, and Others), by Application Type (Food & Beverage, Healthcare, Industrial Manufacturing, Automotive Manufacturing, and Others), by End-User Type (Industrial and Residential & Commercial), and by Region (North America, Europe, Asia-Pacific, and the Rest of the World), It also covers the COVID-19 Impact Analysis and Forecast to 2028.
Market Insights
The concrete floor coatings market was valued at US$ 3.9 billion in 2022 and is likely to rebound at a promising CAGR of 4.4%, to reach US$ 5.1 billion in 2028.
Key players
The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc. The following are the key players in the concrete floor coatings market:
- Sika AG
- Covestro Group
- The Sherwin-Williams Company
- BASF SE
- PPG Industries, Inc.
- Jotun
- RPM International Inc.
- Ardex Group
Report Features
The report provides critical insights into the market dynamics that enables strategic decision making that is critical to the growth of the existing players as well as those planning to enter the market. This report offers an improvised approach to consolidate the growth decisions by covering the following features –
- Market structure - as it reflects the value chain of different commodities in the market.
- Drivers and Constraints - as both can affect any element of the marketing mix -- product, budget, and place, etc.
- Market Forecast - a part of the decision-making process. This helps users with facts regarding projected sales dimensions, costs, market shares, and other areas of planning.
- Competitive landscape and dynamics: The user can determine the strengths and gaps. The information mentioned here will work towards enhancing the brand's strategy.
- Growth strategies - allowing a small business to survive unexpected changes, and to grow into a bigger entity, and gain a greater competitive advantage.
Market Highlights
The global market for concrete floor coatings witnessed a decline of 5% in 2020 amid the pandemic in the wake of supply chain disruption, shortage of raw materials, and interrupted production schedules across industries. However, the market for concrete floor coatings grew significantly after 2021, owing to the increase in construction activities, the growing significance of safety and environmental regulations, higher demand for concrete repair and maintenance of floors, etc.
The concrete floor coating market is driven by several reasons. A few are mentioned below –
- Increasing demand for durable and aesthetic flooring solutions in residential, commercial, and industrial sectors.
- The growth of the construction industry and rising urbanization.
- Rising use of concrete floor coatings in the F&B industries due to its easy-to-clean flooring property.
- Increasing focus on sustainable and eco-friendly building practices also pushes the demand for concrete floor coatings as they are designed to be VOC-free and eco-friendly.
What are concrete floor coatings?
Concrete floor coatings are tough protective layers used to protect concrete floors from wear and tear, corrosion, and harsh chemicals. They are also used to decorate floors by brightening or defining certain areas and covering stained concrete.
These coatings protect the underlying concrete surface from abrasion, chemical spills, and foot traffic. These coatings, which are available in materials such as epoxy, polyurethane, acrylic, and polyaspartic, provide advantages such as increased durability, chemical resistance, and aesthetics. They are used in a number of situations, like industrial, commercial, and domestic, etc.
About Us –
Stratview Research is a leading global Market Research firm providing expert research solutions, trusted by clients worldwide. This firm possesses a global presence to enable current market information using the most up-to-date methodology, best-in-class research techniques, and cost-effective approaches. It also surveys clients in several countries to provide you with the most comprehensive illustration of global trends and behaviours.
Contact -
Web: https://www.stratviewresearch.com/contact
Email: [email protected]
Comments