Yahoo Finance [Latest] Global Concrete Floor Coatings Market Size/Share Worth 8.3 Billion by 2030 at a 6.5% CAGR: Custom Market Insights (Report, Trends, Forecast, Trends, Segmentation)
[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Concrete Floor Coatings Market size & share revenue was valued at approximately USD 5.8 Billion in 2021 and is expected to reach around USD 8.3 Billion by 2030, at a CAGR of 6.5% between 2022 and 2030. The key market players listed in the report with their sales, revenues and strategies are BASF SE, The Sherwin-Williams Company, Akzo Nobel N.V., ArmorPoxy, RPM International Inc., Axalta Coating Systems, Ltd., Sika AG; PPG Industries, Inc., 3M, The Lubrizol Corporation, Trucrete Surfacing Systems, BEHR Process Corporation, PPG Industries, Tennant Coatings, and others.
Sandy, Utah, USA, Oct. 04, 2022 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled "Concrete Floor Coatings Market Size, Trends and Insights by Product (Epoxy, Polyaspartic, Acrylic, Polyurethane), By Application (Indoor, Outdoor), By End User (Residential, Commercial, Industrial, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030" in its research database.
"According to the latest research study, the demand of global Concrete Floor Coatings Market size & share was valued at approximately USD 5.8 Billion in 2021 and is expected to reach a value of around USD 8.3 Billion by 2030, at a compound annual growth rate (CAGR) of about 6.5% during the forecast period 2022 to 2030."
Concrete floor coatings are also identified as protective coatings. Generally, concrete floor coatings are exhibited in a liquid and semi-solid form, which is applied to cure concrete and enhance the durability and aesthetics of floorings. Concrete floor coatings possess various properties, such as it is resistant to water, chemical, flame, UV, colour, and gloss. Owing to these properties, it has a wide range of applications in various end-use industries, including automotive, textile, residential, commercial, medical, and others.
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Market Drivers
Increasing demand from the building & construction sector is one of the critical factors responsible for the growth of the global concrete floor coatings market. Concrete floor coatings are preferred over conventional coatings due to their low volatile organic content and water retention capacity.
Concrete floor coatings are used extensively in construction as they are resistant to corrosion, water, flame, chemical spill, and others. For instance, according to an article published by Invest India in the year July 2022, the construction industry is expected to reach $1.4 trillion by 2025. In response, polysiloxane-based concrete floor coatings are used predominantly in the building infrastructure to protect them against corrosion, acid rains, chemical spills, etc. These factors are anticipated to increase the demand for concrete floor coatings in the construction sector.
(A free sample of the Concrete Floor Coatings report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
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About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on Request
Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022
Includes Tables and figures have been updated
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
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(Please note that the sample of the Concrete Floor Coatings report has been modified to include the COVID-19 impact study prior to delivery.)
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Restraints
High production cost
However, the lack of skilled labour is restricting the global concrete floor coatings market expansion during the forecast period. Furthermore, the high price of concrete coatings is restraining the market's overall growth. In addition, high production costs and the requirement for advanced machinery will slow down the market. On the other hand, manufacturers are switching to alternative substitutes for concrete floor coatings due to high production costs and rising prices of raw materials.
Opportunities
Escalation in the electronics and automotive sector
The proliferating growth of the automotive sector has witnessed the significant growth of the concrete floor coatings market. The growing adoption of automotive displays, human-machine interface, and automated systems are being embedded in luxurious cars by several key manufacturer players, including TATA Motors, Mahindra, Hyundai, Tesla, Ford, Audi, and others.
Waterproof coatings are majorly employed for longer durability, self-healing, hardness, and self-cleaning applications. These coatings possess properties such as thermal insulation, anti-fingerprint, corrosion resistance, and others. Thus, the growth of the automotive sector will drive the demand for concrete floor coatings in the upcoming years.
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Challenges
Rising competitors
Over the forecast period, concrete floor coatings are new to the market, and gaining an edge over completion may be challenging.
Key questions answered in this report:
What is the size of the Concrete Floor Coatings market and what is its expected growth rate?
What are the primary driving factors that push the Concrete Floor Coatings market forward?
What are the Concrete Floor Coatings Industry's top companies?
What are the different categories that the Concrete Floor Coatings Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Concrete Floor Coatings market sample report and company profiles?
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Key Offerings:
Market Share, Size & Forecast by Revenue | 2022−2030
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Report highlights.
Based on type, the segment includes epoxy, polyaspartic, acrylic, and polyurethane.
The epoxy product segment dominated the market in 2021 and is expected to grow with 42% of the total market share over the forecast period. Epoxy concrete floor coatings are extensively used in building materials, automotive, electronics, medical devices, etc. It provides a high-performance, smooth, economical, and durable surface that can last many years and withstand heavy loads. Additionally, it maintains the shiny look of vehicles in the automotive sector, due to which the demand for epoxy-based concrete coatings has escalated in the market.
In addition, the growing global population, change in lifestyle, and increased focus on hygienic activities have enhanced the demand for concrete floor coatings, which are extensively used in the medical, household, and commercial & residential sectors. These factors are escalating the demand for epoxy based-concrete floor coatings during the forecast period.
Report Scope
Feature of the Report | Details |
Market Size in 2021 | USD 5.8 Billion |
Projected Market Size in 2030 | USD 8.3 billion |
CAGR Growth Rate | 6.5% CAGR |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Prominent Players | BASF SE, The Sherwin-Williams Company, Akzo Nobel N.V., ArmorPoxy, RPM International Inc., Axalta Coating Systems, Ltd., Sika AG; PPG Industries, Inc., 3M, The Lubrizol Corporation, Trucrete Surfacing Systems, BEHR Process Corporation, PPG Industries, Tennant Coatings, and Others |
Key Segment | By Product, Application, End User, and Region |
Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
Buying Options | Request tailored purchasing options to fulfil your requirements for research. Examine possible purchases |
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Key Developments:
February 2022: Daw DE has launched its new concrete floor coatings and its related materials. The new product is named DISBON 404 Acrylic Floor Sealer, Dispobox 442 Garage Sealer, and others. This strategic launch has widened the DAW DE’s product portfolio for concrete floor coatings.
September 2020: PPG Industries, Inc., has launched its new range of concrete floor coatings named PPG general purpose floor coatings, PPG wear-resistant floor coatings, and among others. This strategic launch has enhanced PPG’s product portfolio for concrete floor coatings.
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Regional Snapshots.
Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Asia-Pacific is the dominant region in the concrete floor coatings market and accounted for 54% of the total market share during the forecast period.
The utilization of concrete floor coatings has increased in the sectors such as building & construction, automotive, electronics, and others are key market trends in the Asia-Pacific region.
The building & construction sector is one of the booming sectors in the Asia-Pacific region. For instance, according to an article published by Invest India in August 2022, the construction Industry in India is expected to reach $1.4 Tn by 2025 due to a robust increase in the urban population which will significantly enhance the demand for concrete floor coatings where it gives protection to infrastructure during the uncertain weather conditions. It is also used for protecting the windows & doors, and floor slab surface from rain, moisture, UV radiation, and others.
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Key Players
BASF SE
The Sherwin-Williams Company
Akzo Nobel N.V.
ArmorPoxy
RPM International Inc.
Axalta Coating Systems, Ltd.
Sika AG; PPG Industries, Inc.
3M
The Lubrizol Corporation
Trucrete Surfacing Systems
BEHR Process Corporation,
PPG Industries
Tennant Coatings
COVID-19 Analysis
The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses of lives and the economy around the globe. The guidelines and policies of the logistics and supply chain of the concrete floor coatings products were affected remarkably.
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Segments covered in the report
Key market segments
By Product
Epoxy
Polyaspartic
Acrylic
Polyurethane
By Application
Indoor
Outdoor
By End User
Residential
Commercial
Industrial
Others
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On the basis of Geography
North America
The U.S.
Canada
Mexico
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
The Middle East & Africa
Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
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This Concrete Floor Coatings Market Research/Analysis Report Contains Answers to the following Questions.
Which Manufacturing Technology is used for Concrete Floor Coatings? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Concrete Floor Coatings Market? What are Their the Company Profile, Their Product Information, and Contact Information?
What Was the Global Market Status of the Concrete Floor Coatings Market? What Was Capacity, Production Value, Cost and PROFIT of the Concrete Floor Coatings Market?
What Is the Current Market Status of the Concrete Floor Coatings Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Concrete Floor Coatings Market by Taking Applications and Types in Consideration?
What Are Projections of the Global Concrete Floor Coatings Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Concrete Floor Coatings Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is Economic Impact On Concrete Floor Coatings Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Concrete Floor Coatings Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Concrete Floor Coatings Industry?
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Reasons to Purchase Concrete Floor Coatings Market Report
Concrete Floor Coatings Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Concrete Floor Coatings Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Concrete Floor Coatings Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Concrete Floor Coatings Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.
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Reasons for the Research Report
The study provides a thorough overview of the global Concrete Floor Coatings market. Compare your performance to that of the market as a whole.
Aim to maintain competitiveness while innovations from established key players fuel market growth.
What does the report include?
Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Concrete Floor Coatings market analysis.
The competitive environment of current and potential participants in the Concrete Floor Coatings market is covered in the report, as well as those companies' strategic product development ambitions.
According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
Participants and stakeholders worldwide Concrete Floor Coatings market should find this report useful. The research will be useful to all market participants in the Concrete Floor Coatings industry.
Managers in the Concrete Floor Coatings sector are interested in publishing up-to-date and projected data about the worldwide Concrete Floor Coatings market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Concrete Floor Coatings products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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