Press release
The Concrete Floor Coatings Market Composites growth outlook with industry review and forecasts
Global Market Insights has a new study based report titled " Concrete Floor Coatings Market Size By Product (Epoxy, Polyaspartics, Acrylic, Polyurethane), By Application (Outdoor, Indoor), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024".
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The overall construction industry in the BRICS nations has been depicting promising growth prospects and is expected to grow at an annual rate of 11% over 2016-2024. The growth of concrete floor coatings market is dependent on two factors – the massive growth in the construction industry and the simultaneous expansion of the flooring industry. Escalating renovation and new infrastructural projects are expected to enlarge the scope of the business. As per a report by Global Market Insights, Inc., Concrete floor coatings market is projected to record a 7% CAGR over 2016-2024 and exceed a market valuation of USD 1.5 billion by 2024.
The report offers all-inclusive analysis of:
1 Market structure
2 Factors restraining market growth
3 Market growth drivers
4 Opportunities and challenges
5 Market estimations and forecast for projected period
The flourishing construction business across Asia Pacific has been a crucial factor driving the regional concrete floor coatings industry share. The emerging economies of the region, including India and China are experiencing robust growth potential in infrastructural development and manufacturing facilities, which has heightened the product demand in the region. Moreover, rising population and changing consumer lifestyle have also positively led to the massive development of the regional market. Asia Pacific concrete floor coatings industry is anticipated to attain a CAGR of 8% over the period of 2016-2024. China, in 2015, accounted for more than half of the total construction industry revenue generated by BRICS nations, and is expected to observe the highest growth in concrete flooring market over the coming years.
The Concrete Floor Coatings Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Concrete Floor Coatings Market Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2016 - 2024
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
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3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends
4. Concrete Floor Coatings Market Insights
Epoxy concrete floor coatings market share led the overall industry and accounted for more than 50% of the overall business size in 2015. The product is forecast to witness prominent gains in the coming years on account of its widespread applications across industrial (pharmaceutical, electrical & electronic) and public infrastructure such hospitals, airports and railway stations. The product also used in residential areas (parking, staircase). Superior product characteristics such as superior resistance against impact, chemical and abrasion makes them suitable to find widespread applications across aforementioned industries. Furthermore, comparatively low cost of the product makes it widely preferred in the industry.
Polyaspartics concrete floor coatings market share is likely to observe growth close to 7%. These coatings provide decent features along with superior resistance against harmful UV radiations, which makes it preferred for outdoor applications. Polyurethane concrete floor coatings market size is likely to observe prominent gains due to development of bio-based polyurethane for coating applications. In addition, favoring government regulations for usage of bio derived raw materials for coatings applications will positively boost the global concrete floor coatings market size by 2024.
5. Concrete Floor Coatings Market Application Insights
The global concrete floor coatings market share for outdoor applications shall experience growth close to 6.5% from 2016 to 2024. Increasing government investment to enhance their public infrastructure has substantially propelled the product demand across the globe. For outdoor applications, the product is widely used across walkways, pathways, garages and driveways. It helps in increasing durability and strength.
Indoor applications led the global concrete floor coatings market size in 2015. Increasing residential, commercial and office space construction projects will stimulate product demand in the coming years. In addition, growing consumer awareness towards flooring solutions will further complement product demand for indoor applications by 2024. Development of sports infrastructure across the globe will positively influence the product demand for indoor applications.
6. Concrete Floor Coatings Market Regional Insights
North America led the overall concrete floor coatings market share and accounted for more than 30% of the overall industry volume in 2015. Upcoming construction industry in the region post 2008 economic downturn has positively influenced the product demand. Increasing renovation and remodeling practices, particularly in the residential construction sector, has propelled the regional product demand in the recent years. Prevalence of robust end-user industries including automotive, food & beverage and pharmaceutical will boost product demand for flooring applications.
Asia Pacific is forecast to experience maximum gains close to 8% CAGR by 2024. Escalating construction industry in China, India and Japan is analyzed to be the major factor propelling the regional concrete floor coatings market share in the coming years. Growing population along with improving consumer lifestyle dynamics has positively influenced the product demand across various industries for indoor as well as outdoor applications. Furthermore, increasing manufacturing facilities set up in the region due to government investment in upscaling their manufacturing business will complement product demand by 2024. Additionally, FMCG, elevating automotive, food & beverage and pharmaceutical sector in the region will subsequently stimulate product demand in the near future.
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7. Competitor Profiles
Ferroalloy market competitive landscape is highly fragmented with the presence of a large Concrete floor coatings market share is competitive due to significant number of large, medium and small scale manufacturing companies across the globe. Key industry share contributors include 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, Epmar Corporation, Henkel Corporation, Vanguard Concrete Coating, Rodda Paint Co. and The Stonhard Group.
About Global Market Insights, Inc.:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com/
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