Press release
Concrete Floor Coatings Market Worth US$ 1.0 Billion by 2020
The global concrete floor coatings market is expected to cross US$ 1.0 Billion mark by the end of 2020, growing at an exciting CAGR of more than 6.0% from 2014 to 2020.
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Concrete floor coatings are protective layers used to safeguard concrete floor from physical and environmental damage and increase its life run. The global concrete floor coatings market is segmented on the basis of product, application, and region. The product segments include epoxy, polyaspartics, and others such as polyurethane and acrylic. Concrete floor coatings serve the purpose of protecting the concrete floors from chemical attacks, thermal shocks, and abrasion.
The application segments include indoor and outdoor applications. The indoor application include garages, walkways, pathways, driveways, patios coating etc, and outdoor application include floor coatings for offices, commercial spaces, residential coating. Indoor was the leading application market for concrete floor coatings in 2014. Indoor is also expected to be the fastest growing application market for concrete floor coatings during the forecast period.
North America and Asia Pacific were the major markets for concrete floor coatings in 2014. With over31% share in total consumption, Asia Pacific was the second largest regional market for concrete floor coatings in 2014.
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Recently, industry participants shifted their focus towards customer retention and providing quality products to customers. With new market opportunities for floor coatings, particularly in Asia Pacific, competitors are keen to establish themselves in this nascent market. Key players operating in the concrete floor coatings market include BASF SE, Sherwin-Williams, DSM, RPM International Inc.,
Global Concrete Floor Coatings Market is segmented as below:
By Application
• Outdoor (Garages, walkways, pathways, driveways and patios)
• Indoor (Floor coatings for offices, commercial spaces, residential, etc.)
By Product
• Epoxy
• Polyaspartics
• Others (including polyurethane, acrylic etc.)
By Geography
• North America
• Europe
• Asia Pacific
• Rest of the World
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