The global concrete floor coatings market size is likely to attain over USD 1,800 million by the year 2028. Besides, it is likely to project a CAGR of more than 6% during the forecast years 2021-2028. Concrete floor coatings market is projected to be driven by the increasing use of coating materials in industrial flooring applications, as well as the proliferation of commercial space construction throughout the world. Over the study period, continued R&D expenditures and the creation of new goods will help to boost product demand. Concrete coating is a finish placed to cured concrete floors to improve their durability and appearance. It comes in semi-liquid and liquid forms. Concrete floors are porous, allowing soluble pollutants and water to seep into the structure, causing premature deterioration.
A positive aspect driving market expansion is expected to be rising demand for coatings as a protective medium in the flooring industry. Concrete floor coatings are used to provide high-temperature resistance to indoor and outdoor spaces, as well as to preserve commercial and residential building floors from wear and strain. These materials are also used in the electricity, metal, and environmental protection industries to protect the flooring of non-building structures.
Due to the expanding manufacturing sector, fast urbanisation, and industrialization in the area throughout the forecast period, Asia-Pacific is expected to be the leading region in the market. Other factors driving the regional market's growth throughout the projected period include the availability of low-cost raw materials and labour in the region, as well as a surge in new commercial and industrial development projects due to the country's rising population. During the projection period, North America and Europe are likely to offer significant growth possibilities.
The report also emphasizes several distinctiveness of the global concrete floor coatings industry by valuing the market from value chain breakdown. Moreover, the report encompasses numerous qualitative features of the geofoams industry which comprises market restraints, drivers, as well as key industry opportunities. Furthermore, the report offers an inclusive evaluation of the company profiling along with the market rivalry of local and global vendors.
The major players of the global concrete floor coatings market are Nippon Paint Co. Ltd., Royal DSM N.V., BASF SE, Behr Process Corporation, PPG Industries Inc., DAW SE, The Sherwin-William Company, Solvay S.A., The Valspar Corporation, and AkzoNobel N.V. The major players are investing more in the development of new concrete floor coatings with better characteristics and efficiency. Furthermore, manufacturers are cooperating with other players to create products with enhanced characteristics, giving them a competitive edge over their competitors.
Key Segments of the Global Concrete Floor Coatings Market
Product Overview, 2019-2028 (USD Billion)
- Other Products
Application Overview, 2019-2028 (USD Billion)
Regional Overview, 2019-2028 (USD Billion)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America