Concrete Floor Coatings Market Outlook
According to a new report by Expert Market Research titled, “Global Concrete Floor Coatings Market Size, Share, Analysis, Report and Forecast 2023-2028, the concrete floor coatings market is projected to grow at a CAGR of 5.7% between 2023 and 2028. Aided by the escalating demand for aesthetically appealing and durable flooring solutions and the expanding applications of concrete floor coatings in various sectors, the market is expected to grow significantly by 2028.
Concrete floor coatings are widely used to provide protection and longevity to concrete floors while enhancing their appearance. These coatings, available in a wide variety of colours and textures, contribute to the overall aesthetics of a space while offering resistance to wear, tear, and chemical damage. They are typically used in various settings, including residential, commercial, and industrial applications, such as warehouses, garages, showrooms, manufacturing plants, and retail stores.
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The rising consumer preference for durable and aesthetically appealing flooring solutions is driving the global concrete floor coatings market growth. The awareness about the benefits of concrete floor coatings, such as their protective nature, improved appearance, and durability, has resulted in a significant shift towards these solutions. Additionally, the growing trend of DIY home improvement and renovation projects has further contributed to the increased popularity of concrete floor coatings.
The diversifying applications of concrete floor coatings in various industries also significantly contribute to the concrete floor coatings market expansion. In the residential sector, these coatings are used for enhancing the durability and appearance of basements, garages, and patios. The commercial sector utilises concrete floor coatings for retail stores, restaurants, and office buildings, providing a polished and attractive look. In industrial settings, the chemical and wear-resistant properties of concrete floor coatings are essential for maintaining the safety and longevity of the floor surfaces.
Further, the developing construction industry and the growing trend of green buildings have led to an increased focus on environmentally friendly concrete floor coatings, thus increasing the demand for concrete floor coatings market. The rise in environmental consciousness and the increasing regulations pertaining to volatile organic compound (VOC) emissions have steered the market towards the development and use of water-based and other low-VOC concrete floor coatings.
Moreover, the advancements in coating technologies, including the introduction of fast-curing and high-performance coatings, have opened up new opportunities for the concrete floor coatings market growth. These modern coatings offer improved resistance to abrasion, staining, and chemicals, further enhancing the functionality of the coated floors.
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Concrete Floor Coatings Market Segmentation
The market can be divided based on product, application, end-use, and region.
Market Breakup by Product
- Epoxy
- Polyaspartics
Market Breakup by Application
- Outdoor
- Indoor
Market Breakup by End-Use
- Residential
- Commercial
- Industrial
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global concrete floor coatings companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Royal DSM N.V.
- Behr Process Corporation
- PPG Industries, Inc.
- Nippon Paint Co. Ltd.
- RPM International Inc
- Others
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