Press release
South African Concrete Floor Coatings Market is Forecasted to Reach USD 64 Million in 2027, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm has launched a report on the global South African Concrete Floor Coatings Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/3421/scandinavian-seals-market.html#form
Report Highlights: `
Market Size in 2027: USD 64 million
Growth (CAGR): 5.1% during 2022-2027
Forecast Period: 2022-2027
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the South African Concrete Floor Coatings Market:
The global South African Concrete Floor Coatings Market is segmented by product type, application type, component type, end-user type, and region
Based on the product type: The market is bifurcated into epoxy, polyaspartic, polyurethane, acrylic, and others. Epoxy is expected to remain the biggest product type in the foreseen future. Epoxy coatings are preferred for all major applications because of their durability, ease of maintenance, chemical and impact resistance, and ability to prevent wear and tear. Polyurethane is gaining market traction due to its flexibility, shorter curing time than epoxy, abrasion resistance, resistance to solvents and alkalis, resistance to temperature extremes and scratching, chemical and heat resistance; making it ideal for bio-medical, food processing, freezing chambers, malls, airports, and hospitals.
Based on the application type: The market is segmented as indoor and outdoor. Indoor is expected to remain the larger and faster-growing application type during the forecast period. Indoor parking, cold storage, industrial warehouses, food-processing areas, automotive workshops, and aircraft hangars are some major indoor applications. The majority of industrial and commercial floor coatings are indoor only.
Based on the component type: The market is segmented as one-component, two-component, three-component, and four-component. Among these component types, the two components dominate the market. Epoxy is primarily used as a two-component, with part-A resin or base and part-B hardener. Three components include base A, hardener B, and a filler or aggregate C.
Based on the end-user type: The market is segmented as residential, commercial, and industrial. Among these end-user types, the industrial segment unassailably dominated the market. Epoxy and polyurethane coating systems are predominantly used for industrial applications. Commercial to remain the second-largest end-user type during the forecast period. Key applications of commercial floor coatings are showrooms, malls, hospitals, workshops, stadiums, parking structures, walkways, supermarkets, etc. Residential floor coatings hold a minuscule share of the market.
Based on the industrial application type: The market is segmented as automotive, D&W, F&B, healthcare, mining & energy, and others. Among these application types, distribution & warehousing are estimated to maintain its dominance in the market till 2027. Food & beverage, the second-dominant segment, includes wine industries, meat, cheese, and dairy processing, and other food-processing areas. PU is majorly used in the F&B and healthcare industries as it exhibits high chemical resistance to corrosive substances, solvents, acids, hot oils, and sugar, also it is food-approved.
To know the most attractive segments, click here for a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/3421/scandinavian-seals-market.html#form
South African Concrete Floor Coatings Market Drivers:
The growth of the South African Concrete Floor Coatings Market is driven by several factors.
• Increasing building construction activity, additional and alteration buildings in South Africa, and the benefits of concrete floor coatings are some of the market's major driving factors.
Top 10 Companies in the South African Concrete Floor Coatings Market:
Stratview Research has identified the following companies as the top market players:
• Jotun
• Master Builders Solution
• Sika AG
• Silikal
• Specialized Coating System
• StonCor Africa (Pty) Ltd
• Technical Finishes
• Verni-Spécialité Construction Products (Pty) Ltd
• Vuka Floors
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the South African Concrete Floor Coatings Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• Concrete Floor Coatings Market: https://www.stratviewresearch.com/1360/concrete-floor-coatings-market.html
• Polyurethane Adhesives Market: https://www.stratviewresearch.com/1418/polyurethane-adhesives-market.html
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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