The new report by Expert Market Research titled, ‘Global Concrete Floor Coating Market Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the global concrete floor, assessing the market based on its segments like types, process types, distribution channels, applications, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 5.7%
Concrete flooring is commonly used in the commercial and industrial construction industries. Commercial spaces are seeing strong demand from emerging economies due to the growing service sector. Continuous research and development activities by market producers of concrete flooring drive product development. Many manufacturers come up with creative goods that are in line with the requirements of the end consumer. The market for concrete floor coverings will rise at a significant growth rate due to the revival of demand for residential housing in North America and Europe. Besides, rapidly increasing warehouses have created enormous business opportunities for industry participants due to the powerful e-commerce industry. High industrialization and the rising logistics and distribution sector are increasing the demand for products.
Industry Definition and Major Segments
Concrete is an extremely flexible building material. In addition to its strong structural properties, the concrete can be polished, textured and colored to achieve the desired atheistic values. However, concrete is not indestructible and thus requires protection to maintain its appearance and properties.
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The market can be divided into the following segments based on the product:
- Epoxy
- Polyaspartics
The market can be divided based on the application:
- Outdoor
- Indoor
The end-use sectors of the industry consist of:
- Residential
- Commercial
- Industrial
The leading regional markets for Concrete Floor Coating are:
- North America
- Latin Americas
- Middle East and Africa
- Europe
- Asia Pacific
Market Trends
The concrete flooring industry revenue is fueled by the increase in commercial complexes and parking spaces. Changing urban lifestyles, increasing preference for concrete floors, and increasing understanding of safety in commercial parking areas are generating additional demand for concrete floor coverings. Business growth is projected to rise through the developments in the end-use industries and environmentally sustainable building practices. However, concrete is not indestructible and thus requires protection to maintain its appearance and properties. Strong government regulations due to VOC pollution from some floor coverings could restrict the market’s growth for concrete floor coverings.
Key Market Players
The major players in the market are Royal DSM N.V., Behr Process Corporation, PPG Industries, Inc., Nippon Paint Co. Ltd., and RPM International Inc among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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