Vendors in Concrete Floor Coatings Market SWOT Analysis With Innovative Growth
๐๐จ๐ง๐๐ซ๐๐ญ๐ ๐ ๐ฅ๐จ๐จ๐ซ ๐๐จ๐๐ญ๐ข๐ง๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ: ๐๐ง๐ญ๐ซ๐จ๐๐ฎ๐๐ญ๐ข๐จ๐งAccording to a recent report by Transparency Market Research (TMR), the global concrete floor coatings market is likely to expand at a steady CAGR of 6.4% during the forecast period from 2021 to 2031. The market was valued at US$ 1.1 Bn in 2020 and is projected to reach US$ 2.2 Bn by the end of 2031.
๐๐๐ญ ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ญ๐๐ข๐ฅ๐ฌ -https://www.transparencymarketresearch.com/concrete-floor-coatings-market.html
The global floor coatings market is anticipated to witness a highly fragmented competitive scenario, owing to large number of players operating in the market. Some of the major players in the market are Royal DSM, Nippon Paint Co., BASF SE, DAW SE, and Behr Process Corp. These firms are indulging extensively into long-term trade contracts with their end users, especially in construction application, to have a strong foothold in the market and increase their global reach. Leading firms are estimated to increase their investment in terms of capital, stressing more on research and development activities, along with improved product quality to meet consumer requirements.
๐๐ข๐ฌ๐ ๐ข๐ง ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐ญ๐จ ๐ ๐ฎ๐๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก
Increase in sales of concrete floor coatings is supported mainly by notable growth in development activities, activated broadly due to high industrialization and rise in urbanization across the world. The growing awareness about safety given by concrete floor coatings from thermal shocks and chemical attacks is also fueling the global market. Manufacturers and customers are becoming aware about the advantages of concrete floor coatings. Thus, the market is expected to expand considerably over the next couple of years. The growth of the building & construction sector in developed and developing regions is anticipated to trigger the global concrete floor coatings market.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1949
๐ ๐ฅ๐ฎ๐๐ญ๐ฎ๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐๐ฐ ๐๐๐ญ๐๐ซ๐ข๐๐ฅ ๐๐จ๐ฌ๐ญ ๐ญ๐จ ๐๐ข๐ง๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก
While the global market for concrete floor coatings represents a noteworthy future, the unstable cost of raw materials may deter the development scope of the market during the forecast period. Nevertheless, rise in demand for concrete floor coatings in industrial and commercial buildings in developing economies is anticipated to lower the negative impact in the near future.
๐๐จ๐ง๐๐ซ๐๐ญ๐ ๐ ๐ฅ๐จ๐จ๐ซ ๐๐จ๐๐ญ๐ข๐ง๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ
Increase in sale of concrete floor coatings is supported mainly by notable growth in development activities, activated broadly due to high industrialization and rise in urbanization. The growth of the building & construction sector in developed and developing regions is anticipated to drive the global concrete floor coatings market.
Concrete floor coatings are used extensively in outdoor and indoor infrastructural settings. However, the indoor segment is estimated to experience a comparatively higher demand, owing to the propelled use of floor coatings in commercial construction and industrial sector. Geographically, Asia Pacific is anticipated to lead the global concrete floor coatings market over the next few years, due to increase in the number of well-settled manufacturers and production plants in the region.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=1949
๐๐จ๐ง๐๐ซ๐๐ญ๐ ๐ ๐ฅ๐จ๐จ๐ซ ๐๐จ๐๐ญ๐ข๐ง๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
Key players profiled in the report are Nippon Paint Co., DAW SE, Behr Process Corp, Royal DSM, and BASF SE. Leading players in the market are likely to focus on investments to obtain better results from research and development.
๐๐ฅ๐จ๐๐๐ฅ ๐๐จ๐ง๐๐ซ๐๐ญ๐ ๐ ๐ฅ๐จ๐จ๐ซ ๐๐จ๐๐ญ๐ข๐ง๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ: ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐จ๐ง๐๐ซ๐๐ญ๐ ๐ ๐ฅ๐จ๐จ๐ซ ๐๐จ๐๐ญ๐ข๐ง๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ, ๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐ฒ๐ฉ๐
Epoxy
Polyaspartics
Others (including Acrylic and Polyurethane)
๐๐จ๐ง๐๐ซ๐๐ญ๐ ๐ ๐ฅ๐จ๐จ๐ซ ๐๐จ๐๐ญ๐ข๐ง๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ, ๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Outdoor
Indoor
๐๐๐ค๐ ๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=1949
๐๐๐จ๐ฎ๐ญ ๐๐ฌ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
Nikhil Sawlani
Transparency Market Research Inc.
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