Concrete Floor Coatings Market
REPORT
Concrete Floor Coatings Market – Canada Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2017 – 2025
The Canada concrete floor coatings market features a highly consolidated competitive landscape,
with the top five contributors to the market holding a substantial 70% of the overall market in 2016,
says Transparency Market Research in a recent report. Strong growth of these leading companies,
namely The Sherwin Williams Company, PPG Industries Inc., BASF SE, RPM International Inc., and
Sika AG, is largely attributed to their continual efforts towards attaining technological expertise and
introducing innovative products to the market.
Expanding their geographical reach with the help of strategic acquisitions and mergers is one of the
key growth strategies adopted by companies in the market to strengthen their hold. An instance is
BASF SE’s recent acquisition. In December 2016, the company acquired Chemtell Group’s surface
treatment business from Albemarle Corp. in Charlotte, North Carolina to improve its coatings portfolio
as well as its position as a complete solutions provider to global customers.
Obtain Report Details @ http://www.transparencymarketresearch.com/canada-concrete-floor-
coatings-market.html
Transparency Market Research estimates that the Canada concrete floor coatings market will expand
at a healthy 5.2% CAGR from 2017 to 2025, rising from a valuation of US$100.8 mn in 2016 to
US$158.0 mn in 2025.
Epoxy Coatings to Keep Contributing Massive Chunk of Revenue to Canada Concrete Floor
Coatings Market
From a geographical standpoint, the Ontario concrete floor coatings market accounted for more than
30% of the Canada concrete floor coatings market in 2016. Rising urbanization, increasing
disposable income and increasing demand for residential projects have been the prominent factors
driving the market in Ontario and are expected to help retain the province its leading stance in the
overall market in the next few years as well. In terms of product type, the segment of epoxy coatings
accounted for a massive 60% of the overall market in 2016. The segment will continue to account for
a massive share in the Canada concrete floor coatings market over the forecast period as well, but is
expected to lose to the segment of polyaspartics in terms of growth rate over the forecast period.
Rising Demand from Thriving Construction Sector to Drive Market
Transparency Market Research
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