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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