Concrete floors represent a major investment for any industry. In spite of this, it is the most neglected part of the structure. Apart from the mechanical wear and tear, spillages of numerous kinds of chemicals also occur, deteriorating the concrete and reinforcement surface. Moreover, the occurrence of cracks and surface porosity allows oils to soak in, resulting in unpleasant patches. This results in a need for protection of this surface from microbial growth and deterioration which in turn is expected to increase the usage of concrete floor coatings.
The main drivers for the concrete floor coatings are increasing demand for high performance and sustainable coatings coupled with huge construction & infrastructure industry. Industrial sector has been driving the concrete floor coatings market in past few years. Recreational sector is anticipated to be one of the best outlets for concrete floor coatings and is likely to provide numerous opportunities in near future. In addition, demand for concrete floor coatings is expected to grow from residential and Do-it-yourself (DIYs) markets in upcoming years. The market mainly includes thick film floors and trench lining. In addition, there is demand of coatings made from renewable materials resulting in innovations such as bio-based concrete floor coatings.
On the basis of product types the concrete floor coatings market is divided into several segments such as urethane coatings, epoxy coatings, acrylics, polyureas and polyaspartics among others. The epoxies and urethanes include solid, waterborne and solvent borne coatings. Epoxy coatings are the leading and dominant coatings type owing to its higher performance than other coatings. Epoxy coatings are used in various industrial as well as commercial applications including food and beverages manufacturing facilities. U.S. is the leading regions for the demand of concrete floor coatings followed by European countries. Regions such as Asia Pacific and the Middle East are in the early stages of developments for the market. There is huge potential in Asian countries, particularly Japan, India and China where buildings & construction market is anticipated to grow in upcoming years.
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Some of the key players in the concrete floor coatings market are RPG Inc., Sherwin-Williams Company, BASF SE, DSM and The Valspar Corporation among others.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
• North America
• Asia Pacific
• Rest of the World
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This report provides comprehensive analysis of
• Market growth drivers
• Factors limiting market growth
• Current market trends
• Market structure
• Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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