According to a new market report published by Lucintel, the future of the concrete floor coating market looks promising with opportunities in both residential and non-residential sectors. The global concrete floor coating market is expected to grow with a CAGR of 7% from 2020 to 2025. The major drivers for this market are increasing demand of protective coverings for concrete flooring, increasing government expenditure on infrastructure improvement, and rapid industrialization.
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Concrete floor coatings are tough protective layers used in applications where heavy surface wear or corrosion is expected. In this market, epoxy, polyaspartics, acrylic, and polyurethane are the major products of concrete floor coating. Lucintel forecasts that epoxy will remain the largest segment over the forecast period as it is low cost, used in various construction applications, and has environmentally friendly benefits.
Within this market, indoor will remain the largest segment by application over the forecast period due to growing application scope of floor coating in industrial and commercial applications on account of providing heat and wear resistance.
Asia-Pacific will remain the largest region and it is also expected to witness the highest growth over the forecast period due to growth of the construction industry in India and China and raw material availability of epoxy resins.
BASF, Royal DSM, DAW, PPG Industries, Nippon Paint, RPM International, Behr Process, Sherwin-William Company, Valspar, Sika, Epmar, Henkel, Vanguard Concrete Coating, Rodda Paint, and Stonhard are among the major suppliers in the global concrete floor coating market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global concrete floor coating market by product, application, component, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Concrete floor Coating Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global concrete floor coating market by by product, application, component, and region as follows:
By Product [Value ($ Million) shipment analysis for 2014 – 2025]:
Epoxy
Polyaspartics
Acrylic
Polyurethane
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
By Component [Value ($ Million) shipment analysis for 2014 – 2025]:
One Component
Two Component
Three Component
Four Component
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
A more than 150 pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.