Global Concrete Floor Coatings to Surge at a Robust Pace in Terms of Revenue Over 2025
The Infinium Global Research analyzes the Concrete Floor Coatings Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global concrete floor coatings market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of concrete floor coatings. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the concrete floor coatings market during the period. The global concrete floor coatings market is projected to grow at a CAGR of 6.2% over the forecast period of 2019-2025.
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Concrete floor coating includes different types of products used to cover the surface of bare concrete that enhances the aesthetic look of the concrete. It is widely used to get the required durability and toughness for challenging chemical and industrial environments.
Growing Number of Construction Projects Drives the Growth of Concrete Floor Coatings Market
The growing number of construction projects drives the growth of concrete floor coatings market. The rapid urbanization and rising disposable income contribute to the growth of concrete floor coatings market. Efficiency in advanced coatings and improvement in product quality stimulates the growth of concrete floor coatings market. The growing popularity of green technology such as green buildings boosts the growth of the concrete floor coatings market.
Furthermore, growing awareness regarding the benefits of concrete flooring such as stain, water, bacteria, and odor resistance propels the growth of concrete floor coatings market. On the flip side, the availability of substitutes such as carpet, tiles, and bamboo flooring hinders the growth of concrete floor coatings market. Moreover, new innovative product launches create numerous opportunities for the growth of the concrete floor coatings market.
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Concrete Floor Coatings Market: Segmentation
The global concrete floor coatings market is segmented on the basis of product type, application type, and provincial. Based on product type, the concrete floor coatings market is divided into epoxy, polyaspartics, and other product types. Epoxy coating is expected to hold a dominant share in the product type segment of the concrete floor coatings market owing to its features such as immense durability, low maintenance cleaning, and resistance to chemicals. The application type segment includes indoor and outdoor.
North America is Anticipated to Have A Premium Share in the Global Concrete Floor Coatings Market
Geographically, the global concrete floor coatings market is divided into North America, Asia-Pacific, Europe, and the Rest of the World. North America is anticipated to have a premium share in the global concrete floor coatings market. Easy availability of different types of floor coatings in North America stimulates the growth of the concrete floor coatings market in North America. Asia-Pacific region is expected to grow in the global concrete floor coatings market with a healthy CAGR over the forecast period. The growing construction industry in developing countries like India, China contributes to the growth of the concrete floor coatings market. Europe is growing in the global concrete floor coatings market in Asia-Pacific. The rising renovation and remodeling activities in Europe propels the growth of the concrete floor coatings market in Europe.
Concrete Floor Coatings Market: Competitive Landscape
The key players in the global concrete floor coatings market are BASF SE, RPM International Inc., Sika AG, PPG Industries Inc., Sherwin-Williams Company, Zeraus Products Inc., The Valspar Corporation Stonhard Inc., Behr Process Corporation, Armor Rock Concrete Floor Coatings Inc., and other companies. Companies are adopting strategies such as mergers, acquisitions, and new product launches that expand their market share in the global concrete floor coatings market.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the concrete floor coatings.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.