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Global Concrete Floor Coatings Market 2024 Production Analysis, Latest Trends, Industry Share And Forecast To 2033 | Major Players Are Sika AG, AkzoNobel N.V., ARCAT Inc., Ardex GmbH, Armor Rock Concrete Floor Coatings Inc.
Concrete Floor Coatings Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the concrete floor coatings industry. This report on Concrete Floor Coatings Market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The concrete floor coatings market size has grown strongly in recent years. It will grow from $1.63 billion in 2023 to $1.77 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to increased commercial construction projects, growth in design trends and aesthetics, increased demand for maintenance and durability, increased environmental and sustainability concerns, increased need for renovation and replacement needs.
The concrete floor coatings market size is expected to see strong growth in the next few years. It will grow to $2.49 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to circular economy practices, emerging market demand, growing need for resilient and low-maintenance flooring, safety and slip resistance requirements, growing real estate. Major trends in the forecast period include flooring material innovation, advanced flooring installation methods, technological advancements, innovative solutions, and strategic collaborations.
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Key Market Players:
Sika AG, AkzoNobel N.V., ARCAT Inc., Ardex GmbH, Armor Rock Concrete Floor Coatings Inc., BASF SE, Citadel Contractors, CPC Floor Coatings, DAW SE, Koninklijke DSM N.V., Elite Crete Systems.
Market Drivers:
According to the Concrete Floor Coatings Market Report 2024 by The Business Research Company, the growing industrial sector is expected to propel the growth of the concrete floor coatings market. The industrial sector refers to the segment of an economy that is involved in the production, processing, and manufacturing of physical goods and materials. The industrial sector uses concrete floor coatings to protect and enhance concrete surfaces, improving durability, chemical resistance, and aesthetics while facilitating easier maintenance and cleaning. For instance, in September 2023, as per the Federal Reserve Board of Governors, a US-based government agency, industrial production increased by 0.4% in August 2023 in the United States, with manufacturing output increasing by 0.1%. Therefore, the growing industrial sector will drive the concrete floor coatings market forward.
More information about the Global Concrete Floor Coatings Market Report -
https://www.thebusinessresearchcompany.com/report/concrete-floor-coatings-global-market-report
Market segments for template include:
1) By Products: Epoxy, Polyaspartic, Acrylic, Polyurethane, Other Products
2) By Component: One-component, Two-component, Three-component, Four-component
3) By Application: Outdoor, Indoor
4) By End-Use Sector: Residential, Commercial, Industrial
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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