Concrete Floor Coatings Market
REPORT DESCRIPTION
Concrete Floor Coatings Market ( Product Type - Epoxy , Polyaspartics , Acrylic , and Polyurethane ; Application Type - Outdoor and Indoor ) - Global Industry Analysis , Size , Share , Growth , Trends and Forecast 2014 – 2020
Concrete floor coatings are widely used for protecting concrete floors from tear and wear , abrasions , and provides resistance from harsh climatic conditions . They are employed in both commercial and residential structures . As builders and consumers are gaining awareness about the several benefits of concrete floor coatings , thus it is expected that the market will grow substantially over the next couple of years . The growing sales of concrete floor coatings is mainly driven by the rising awareness regarding floor coatings and growing construction activities .
The market is likely to maintain a stable growth owing to this trend . Concrete floor coatings are known know for serving the purpose of shielding concrete floors from thermal shocks and chemical attacks . The high growth prospectus of the buildings and construction industry in developing as well as developed regions is projected to trigger the growth of the global concrete floor coatings market .
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Leading companies in the global market for concrete floor coatings have adopted strategies such as intense marketing , mergers , acquisitions , joint ventures , investment , expansion , partnerships , and agreements in order to gain additional market share and establish a leading position in the market . The growth of the market is anticipated to be restricted by the volatile supply and prices of raw materials . Thus , the growing demand for bio-based concrete floor coatings is an opportunity which manufacturers can capitalize on .
The global concrete floor coatings market is projected to rise at a 6.80 % CAGR between 2014 and 2020 . The market is expected to be worth US $ 1.1 bn by 2020 from a valuation of US $ 0.7 bn in 2013 .
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