Global Concrete Floor Coatings Market 2017-2021

Overview of the global concrete floor coatings market

Market research analysts at Technavio predict that the global concrete floor coatings market will grow steadily at a CAGR of close to 7% by 2021. This market research analysis identifies the benefits of using epoxy resin coatings as one of the primary growth factors for this market. Epoxy is a thermosetting resin that is generally used as a coating for various applications. There is a high demand for these epoxy resins due to its low cost and ease of maintenance. Additionally, these resins also possess added benefits including enhanced appearance, impressive durability, increased productivity, improved safety, and eco-friendliness and are also used in other applications such as in electronic materials, adhesives, and matrices for fiber-reinforced composites.

One of the latest trends that will gain traction in this global market in the coming years is the infrastructural development and growth in emerging economies. Owing to the rise in investments towards infrastructural development and construction projects, the concrete floor coatings market will witness substantial growth in the emerging economies. Additionally, the demand for high-performance high-quality resin from the residential and non-residential sectors in these economies will also boost the overall growth of the concrete floor coatings market.

What's your takeaway?

Technavio's industry research report titled, Global Concrete Floor Coatings Market, will help you-

• Identify latent opportunities and explorative solutions in the concrete floor coatings market
• Identify your key competition, and what's making them tick?
• Help you build a comprehensive marketing plan, all permutations and combinations inclusive

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Competitive landscape and key vendors

The concrete floor coatings market appears to be highly fragmented due to the presence of major vendors across the globe. There is also a sizeable number of large regional vendors who account for significant market shares. Major vendors in the market seek to expand their geographical presence through joint ventures and mergers and acquisitions and this eases access to growth markets and dilutes regional business risks. The regional vendors in the market are also coming up with innovative technologies and ideas to compete with the global players.

The leading vendors in the market are -

• BASF
• PPG Industries
• DSM
• RPM International
• The Sherwin-Williams

The other prominent vendors in the market include ARDEX ENDURA, Asian Paints PPG, Behr Process, Cameleon Coatings & Paint Manufacturers, CBH Coatings, DAW, Dulux, Durall Concrete Floor Coatings, Elite Crete Systems, Legacy Industrial, MCLEAN FLOORING SOLUTIONS, Medal Paints, NIPPON PAINT, Sika, Tennant Coatings, United Gilsonite Laboratories (UGL), AGON PAINTS AUSTRALIA, and Watco Group.

Segmentation by application and analysis of the concrete floor coatings market

• Residential
• Non-residential

During 2016, the non-residential segment accounted for the major shares of this global market. Huge investments in this segment by governments of both the developing and developed economies to meet the demand for entertainment, education, and healthcare will subsequently contribute to the growth of this market segment in the coming years.

Geographical segmentation and analysis of the concrete floor coatings market

• Americas
• APAC
• EMEA

In terms of geography, the Americas will be the major revenue contributor to the market by 2021. The increase in population in the region and the growth of the construction industry have resulted in a rise in construction projects in the residential and commercial structures. This is driving the growth of the concrete floor coatings market in countries such as the US. Additionally, the rise in demand for concrete floor coatings from the automotive, food and beverage, pharmaceutical, and oil and gas industries for the construction of manufacturing areas and warehouses will also promote the growth of the concrete floor coatings market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global concrete floor coatings market?
• What are the key market trends impacting the growth of the global concrete floor coatings market?
• What are the challenges to market growth?
• Who are the key vendors in the global concrete floor coatings market?
• What are the market opportunities and threats faced by the vendors in the global concrete floor coatings market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global concrete floor coatings market?

Technavio also offers customization on reports based on specific client requirement.

Concrete floor coatings are layers that protect concrete floors from environmental and physical damages. These coatings increase the life of concrete floors. Concrete floor coatings can be liquid or semi-liquid depending upon their end-use. This upcoming report by Technavio is an integral part of the chemicals and materials industry and provides vital information on fast-paced growth markets like glass and ceramics, paints, coatings, and pigments, and textile, fiber, and composites.

To help clients plan new strategies for growth, Technavio’s upcoming industry research report on the global concrete floor coating market for the period of 2017 to 2021 proposes actionable insights devised from reliable sources of information, including manufacturers, channel partners, regulatory bodies, and decision makers.

This upcoming report on the global concrete floor coatings market also considers the growth of similar markets like ready-mix concrete and flat glass for construction, which are expected to grow at a CAGR of about 9% and almost 6%, respectively by the year 2021.

The upcoming industry research report on the global concrete bonding agents market also presents a complete overview of additives, adhesives, and sealants, olefins, plastics, polymers, and elastomers, and specialty chemicals sectors.