Concrete Floor Coatings Market - Forecast(2023 - 2028)
Overview
Concrete Floor Coatings Market is
forecast to reach $1.6 billion by 2025, after growing at a CAGR of 6.5% during 2020-2025.
The flourishing construction industry with escalating renovation and new
infrastructural projects are expected to drive the concrete floor coatings
market. Rise in awareness among consumers and builders regarding the benefits of
using concrete floor coatings is fueling the growth of the market, as concrete
floor coatings protect the floor from harsh climatic conditions. The report covers Concrete Floor Coatings Market size by product and applications, Concrete Floor Coatings Market share by top 5 companies and also the market share by start-ups during the forecast period.
Report Coverage
The report: “Concrete Floor Coatings Market – Forecast (2020-2025)”, by IndustryARC,
covers an in-depth analysis of the following segments of the Concrete Floor
Coatings Market.
Key Takeaways
- Epoxy chip flooring has become extremely popular in the last few years, as they offer solutions which are easy to clean & are chemically resistant and can be applied over old & new concrete floors.
- Increasing construction industry, particularly in the BRICS countries, would boost the global market share of concrete floor coatings over the forecast period.
- Supporting government initiatives to use bio-based raw materials for coatings will push polyurethane concrete floor coatings in the coming years.
Product - Segment Analysis
Epoxy holds the largest share in the concrete
floor coatings market in 2018. Epoxy resins have distinct advantages
such as low shrink during cure, excellent moisture and chemical resistance,
good electrical property, augmented mechanical and fatigue strength, no VOCs,
long shelf life and more, which provide them an edge over the other thermoset
or thermoplastic resins. The product owing to its superior resistance against
abrasion, chemical and impact is widely used across manufacturing facilities,
public infrastructure, and residential structures. In addition, low cost in
comparison with other corresponding products further complements demand.
Application - Segment Analysis
The indoor application held the
largest share in the concrete floor coatings market in 2018. Upcoming
construction projects in both the residential and commercial sectors will boost
product demand by 2025. In addition, consumer awareness of flooring solutions
to improve floor life will further boost industry growth.
Geography - Segment Analysis
North America held the largest share
in the concrete floor coatings market, in 2018 up to 35%. Increasing renovation
and remodeling activities in the residential sector is a key factor leading to
high demand for products in the region. In addition, robust end-user industries
such as food & beverage, pharmaceuticals and automotive would boost product
demand for flooring applications.
Drivers – Concrete Floor Coatings Market
• Increasing
government investment to enhance public infrastructure.
Safety and durability are two
primary concerns for the flooring systems installed in plants, factories, and
other industrial settings. Facilities used for manufacturing need flooring that
is highly-durable, reliable, and abrasion resistant. The surface needs to be
practical, easy to clean, and compliant with all worker safety guidelines and
regulations. Epoxy, polyurethane, and other resinous floor coatings can provide
a durable, safe, and hygienic flooring system when installed on correctly
prepared concrete slabs. Increasing government investment to enhance their
public infrastructure along with countless upcoming housing projects in driving
the demand for concrete floor coating.
Challenges – Concrete Floor Coatings Market
- The high prices of raw material can affect the floor coatings market.
The coating industry has been
affected because of gradually increasing prices of raw materials. The
commodities are very important for paint and coating manufacturers because more
than 50% of operating costs are allotted to raw materials. The rise in commodity
prices increases the cost of finished products which severely affects the
market growth.
Market Landscape
Technology launches, acquisitions, and R&D
activities are key strategies adopted by players in the Concrete Floor Coatings
Market. In 2019, the market of Concrete Floor Coatings has been consolidated by
the top five players accounting for xx% of the share. Major players in the Concrete
Floor Coatings Market are BASF SE, Royal DSM N.V., DAW SE, PPG Industries Inc.,
Nippon Paint Co. Ltd., RPM International Inc., Behr Process Corporation, The
Sherwin-William Company, The Valspar Corporation, Sika Corporation, Henkel
Corporation., among others.
Acquisitions/Technology Launches
- In April 2019, Nippon Paint Holdings Co. announced that it will acquire major Australian peer DuluxGroup Ltd. for $2.7 billion to strengthen its foothold in the overseas market.
- In May 2019, Nippon Paint acquired Betek Boya and its subsidiaries (Betek Group). The acquisition will make Nippon Paint a major player on the Turkish market with strong growth potential.
LIST OF TABLES
1.Global Concrete Floor Coating Product Outlook Market 2019-2024 ($M)1.1 Epoxy Market 2019-2024 ($M) - Global Industry Research
1.2 Polyaspartics Market 2019-2024 ($M) - Global Industry Research
2.Global Concrete Floor Coating Application Outlook Market 2019-2024 ($M)
2.1 Outdoor Market 2019-2024 ($M) - Global Industry Research
2.2 Indoor Market 2019-2024 ($M) - Global Industry Research
3.Global Competitive Landscape Market 2019-2024 ($M)
3.1 Royal Dsm N V Market 2019-2024 ($M) - Global Industry Research
3.2 Behr Process Corporation Market 2019-2024 ($M) - Global Industry Research
3.3 Deutsche Amphibolin-Werke Von Robert Murjahn Stiftung Company Kg Market 2019-2024 ($M) - Global Industry Research
3.4 Basf Se Market 2019-2024 ($M) - Global Industry Research
3.5 Nippon Paint Co Ltd Market 2019-2024 ($M) - Global Industry Research
3.6 Ppg Industry Inc Market 2019-2024 ($M) - Global Industry Research
3.7 The Sherwin-William Company Market 2019-2024 ($M) - Global Industry Research
3.8 The Valspar Corporation Market 2019-2024 ($M) - Global Industry Research
3.9 Akzonobel N V Market 2019-2024 ($M) - Global Industry Research
3.10 Solvay S A Market 2019-2024 ($M) - Global Industry Research
4.Global Concrete Floor Coating Product Outlook Market 2019-2024 (Volume/Units)
4.1 Epoxy Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Polyaspartics Market 2019-2024 (Volume/Units) - Global Industry Research
5.Global Concrete Floor Coating Application Outlook Market 2019-2024 (Volume/Units)
5.1 Outdoor Market 2019-2024 (Volume/Units) - Global Industry Research
5.2 Indoor Market 2019-2024 (Volume/Units) - Global Industry Research
6.Global Competitive Landscape Market 2019-2024 (Volume/Units)
6.1 Royal Dsm N V Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Behr Process Corporation Market 2019-2024 (Volume/Units) - Global Industry Research
6.3 Deutsche Amphibolin-Werke Von Robert Murjahn Stiftung Company Kg Market 2019-2024 (Volume/Units) - Global Industry Research
6.4 Basf Se Market 2019-2024 (Volume/Units) - Global Industry Research
6.5 Nippon Paint Co Ltd Market 2019-2024 (Volume/Units) - Global Industry Research
6.6 Ppg Industry Inc Market 2019-2024 (Volume/Units) - Global Industry Research
6.7 The Sherwin-William Company Market 2019-2024 (Volume/Units) - Global Industry Research
6.8 The Valspar Corporation Market 2019-2024 (Volume/Units) - Global Industry Research
6.9 Akzonobel N V Market 2019-2024 (Volume/Units) - Global Industry Research
6.10 Solvay S A Market 2019-2024 (Volume/Units) - Global Industry Research
7.North America Concrete Floor Coating Product Outlook Market 2019-2024 ($M)
7.1 Epoxy Market 2019-2024 ($M) - Regional Industry Research
7.2 Polyaspartics Market 2019-2024 ($M) - Regional Industry Research
8.North America Concrete Floor Coating Application Outlook Market 2019-2024 ($M)
8.1 Outdoor Market 2019-2024 ($M) - Regional Industry Research
8.2 Indoor Market 2019-2024 ($M) - Regional Industry Research
9.North America Competitive Landscape Market 2019-2024 ($M)
9.1 Royal Dsm N V Market 2019-2024 ($M) - Regional Industry Research
9.2 Behr Process Corporation Market 2019-2024 ($M) - Regional Industry Research
9.3 Deutsche Amphibolin-Werke Von Robert Murjahn Stiftung Company Kg Market 2019-2024 ($M) - Regional Industry Research
9.4 Basf Se Market 2019-2024 ($M) - Regional Industry Research
9.5 Nippon Paint Co Ltd Market 2019-2024 ($M) - Regional Industry Research
9.6 Ppg Industry Inc Market 2019-2024 ($M) - Regional Industry Research
9.7 The Sherwin-William Company Market 2019-2024 ($M) - Regional Industry Research
9.8 The Valspar Corporation Market 2019-2024 ($M) - Regional Industry Research
9.9 Akzonobel N V Market 2019-2024 ($M) - Regional Industry Research
9.10 Solvay S A Market 2019-2024 ($M) - Regional Industry Research
10.South America Concrete Floor Coating Product Outlook Market 2019-2024 ($M)
10.1 Epoxy Market 2019-2024 ($M) - Regional Industry Research
10.2 Polyaspartics Market 2019-2024 ($M) - Regional Industry Research
11.South America Concrete Floor Coating Application Outlook Market 2019-2024 ($M)
11.1 Outdoor Market 2019-2024 ($M) - Regional Industry Research
11.2 Indoor Market 2019-2024 ($M) - Regional Industry Research
12.South America Competitive Landscape Market 2019-2024 ($M)
12.1 Royal Dsm N V Market 2019-2024 ($M) - Regional Industry Research
12.2 Behr Process Corporation Market 2019-2024 ($M) - Regional Industry Research
12.3 Deutsche Amphibolin-Werke Von Robert Murjahn Stiftung Company Kg Market 2019-2024 ($M) - Regional Industry Research
12.4 Basf Se Market 2019-2024 ($M) - Regional Industry Research
12.5 Nippon Paint Co Ltd Market 2019-2024 ($M) - Regional Industry Research
12.6 Ppg Industry Inc Market 2019-2024 ($M) - Regional Industry Research
12.7 The Sherwin-William Company Market 2019-2024 ($M) - Regional Industry Research
12.8 The Valspar Corporation Market 2019-2024 ($M) - Regional Industry Research
12.9 Akzonobel N V Market 2019-2024 ($M) - Regional Industry Research
12.10 Solvay S A Market 2019-2024 ($M) - Regional Industry Research
13.Europe Concrete Floor Coating Product Outlook Market 2019-2024 ($M)
13.1 Epoxy Market 2019-2024 ($M) - Regional Industry Research
13.2 Polyaspartics Market 2019-2024 ($M) - Regional Industry Research
14.Europe Concrete Floor Coating Application Outlook Market 2019-2024 ($M)
14.1 Outdoor Market 2019-2024 ($M) - Regional Industry Research
14.2 Indoor Market 2019-2024 ($M) - Regional Industry Research
15.Europe Competitive Landscape Market 2019-2024 ($M)
15.1 Royal Dsm N V Market 2019-2024 ($M) - Regional Industry Research
15.2 Behr Process Corporation Market 2019-2024 ($M) - Regional Industry Research
15.3 Deutsche Amphibolin-Werke Von Robert Murjahn Stiftung Company Kg Market 2019-2024 ($M) - Regional Industry Research
15.4 Basf Se Market 2019-2024 ($M) - Regional Industry Research
15.5 Nippon Paint Co Ltd Market 2019-2024 ($M) - Regional Industry Research
15.6 Ppg Industry Inc Market 2019-2024 ($M) - Regional Industry Research
15.7 The Sherwin-William Company Market 2019-2024 ($M) - Regional Industry Research
15.8 The Valspar Corporation Market 2019-2024 ($M) - Regional Industry Research
15.9 Akzonobel N V Market 2019-2024 ($M) - Regional Industry Research
15.10 Solvay S A Market 2019-2024 ($M) - Regional Industry Research
16.APAC Concrete Floor Coating Product Outlook Market 2019-2024 ($M)
16.1 Epoxy Market 2019-2024 ($M) - Regional Industry Research
16.2 Polyaspartics Market 2019-2024 ($M) - Regional Industry Research
17.APAC Concrete Floor Coating Application Outlook Market 2019-2024 ($M)
17.1 Outdoor Market 2019-2024 ($M) - Regional Industry Research
17.2 Indoor Market 2019-2024 ($M) - Regional Industry Research
18.APAC Competitive Landscape Market 2019-2024 ($M)
18.1 Royal Dsm N V Market 2019-2024 ($M) - Regional Industry Research
18.2 Behr Process Corporation Market 2019-2024 ($M) - Regional Industry Research
18.3 Deutsche Amphibolin-Werke Von Robert Murjahn Stiftung Company Kg Market 2019-2024 ($M) - Regional Industry Research
18.4 Basf Se Market 2019-2024 ($M) - Regional Industry Research
18.5 Nippon Paint Co Ltd Market 2019-2024 ($M) - Regional Industry Research
18.6 Ppg Industry Inc Market 2019-2024 ($M) - Regional Industry Research
18.7 The Sherwin-William Company Market 2019-2024 ($M) - Regional Industry Research
18.8 The Valspar Corporation Market 2019-2024 ($M) - Regional Industry Research
18.9 Akzonobel N V Market 2019-2024 ($M) - Regional Industry Research
18.10 Solvay S A Market 2019-2024 ($M) - Regional Industry Research
19.MENA Concrete Floor Coating Product Outlook Market 2019-2024 ($M)
19.1 Epoxy Market 2019-2024 ($M) - Regional Industry Research
19.2 Polyaspartics Market 2019-2024 ($M) - Regional Industry Research
20.MENA Concrete Floor Coating Application Outlook Market 2019-2024 ($M)
20.1 Outdoor Market 2019-2024 ($M) - Regional Industry Research
20.2 Indoor Market 2019-2024 ($M) - Regional Industry Research
21.MENA Competitive Landscape Market 2019-2024 ($M)
21.1 Royal Dsm N V Market 2019-2024 ($M) - Regional Industry Research
21.2 Behr Process Corporation Market 2019-2024 ($M) - Regional Industry Research
21.3 Deutsche Amphibolin-Werke Von Robert Murjahn Stiftung Company Kg Market 2019-2024 ($M) - Regional Industry Research
21.4 Basf Se Market 2019-2024 ($M) - Regional Industry Research
21.5 Nippon Paint Co Ltd Market 2019-2024 ($M) - Regional Industry Research
21.6 Ppg Industry Inc Market 2019-2024 ($M) - Regional Industry Research
21.7 The Sherwin-William Company Market 2019-2024 ($M) - Regional Industry Research
21.8 The Valspar Corporation Market 2019-2024 ($M) - Regional Industry Research
21.9 Akzonobel N V Market 2019-2024 ($M) - Regional Industry Research
21.10 Solvay S A Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Concrete Floor Coatings Market Revenue, 2019-2024 ($M)2.Canada Concrete Floor Coatings Market Revenue, 2019-2024 ($M)
3.Mexico Concrete Floor Coatings Market Revenue, 2019-2024 ($M)
4.Brazil Concrete Floor Coatings Market Revenue, 2019-2024 ($M)
5.Argentina Concrete Floor Coatings Market Revenue, 2019-2024 ($M)
6.Peru Concrete Floor Coatings Market Revenue, 2019-2024 ($M)
7.Colombia Concrete Floor Coatings Market Revenue, 2019-2024 ($M)
8.Chile Concrete Floor Coatings Market Revenue, 2019-2024 ($M)
9.Rest of South America Concrete Floor Coatings Market Revenue, 2019-2024 ($M)
10.UK Concrete Floor Coatings Market Revenue, 2019-2024 ($M)
11.Germany Concrete Floor Coatings Market Revenue, 2019-2024 ($M)
12.France Concrete Floor Coatings Market Revenue, 2019-2024 ($M)
13.Italy Concrete Floor Coatings Market Revenue, 2019-2024 ($M)
14.Spain Concrete Floor Coatings Market Revenue, 2019-2024 ($M)
15.Rest of Europe Concrete Floor Coatings Market Revenue, 2019-2024 ($M)
16.China Concrete Floor Coatings Market Revenue, 2019-2024 ($M)
17.India Concrete Floor Coatings Market Revenue, 2019-2024 ($M)
18.Japan Concrete Floor Coatings Market Revenue, 2019-2024 ($M)
19.South Korea Concrete Floor Coatings Market Revenue, 2019-2024 ($M)
20.South Africa Concrete Floor Coatings Market Revenue, 2019-2024 ($M)
21.North America Concrete Floor Coatings By Application
22.South America Concrete Floor Coatings By Application
23.Europe Concrete Floor Coatings By Application
24.APAC Concrete Floor Coatings By Application
25.MENA Concrete Floor Coatings By Application