Global Concrete Floor Coatings Market Is Likely To Grow At A CAGR Value Of Around 5.70% By 2028

The global concrete floor coatings market was worth around USD 1,282.90 million in 2021 and is estimated to grow to about USD 1,789.13 million by 2028, with a compound annual growth rate (CAGR) of approximately 5.70 percent over the forecast period. The report analyzes the concrete floor coatings market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the concrete floor coatings market.

Concrete Floor Coatings play a crucial role in protecting floors from deteriorating or getting damaged by external factors such as heat, abrasion, moisture, etc. These concrete floor coatings are extremely popular in commercial and industrial applications that help minimize maintenance costs and avoid compromising the structural integrity of infrastructure.

Concrete Floor Coatings have found a massive scope of application in industrial and commercial sectors owing to their cost-effective nature and ability to reduce maintenance and repair costs manifold. These concrete floor coatings are witnessing rapid adoption in residential sectors as well as they minimize the cost of repairs and maintenance and hence act as a one-time effective investment.  

The rising population across the world has increased the rate of urbanization and industrialization which has led to a substantial increase in demand for concrete floor coatings and this trend is projected to be prevalent through the forecast period. Increasing residential construction activity will also favor the concrete floor coatings market growth through 2028.

Fluctuation in raw material pricing is expected to act as a major restraining factor for the concrete floor coatings market growth. This cannot be controlled and hence creates uncertainty in pricing for concrete floor coatings which ultimately leads to low adoption and hampers concrete floor coatings market potential in the long run.

The pandemic of 2020 resulted in lockdowns and these lockdowns restricted the demand and supply chains which led to a shortage of raw materials and hampered the construction industry on a global scale. The global concrete floor coatings market growth was also hampered in this period. Shortage of skilled workforce also led to a decrease in constriction activity.  

Browse the full “Concrete Floor Coatings Market By Product Type (Epoxy, Polyurethane, Polyaspartic, Other), By Application (Residential, Garages, Patios, Walkways, Basements, Commercial, Restaurants & Breweries, Supermarkets and Retail Stores, Educational Institutions, Other Commercial, Industrial), By End-user (Do-It-Yourself (DIY), Professional) and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/concrete-floor-coatings-market

However, increasing construction activity in the post-pandemic era is expected to drive concrete floor coatings market potential. The concrete floor coatings market is expected to be driven on the back of rising urbanization and industrialization across the world which will increase demand for infrastructure and hence increase construction activity. Majorly the concrete floor coatings market potential will be driven by emerging economies of the globe like Brazil, China, and India

The global Concrete Floor Coatings market is segregated based on end user, product, application, and region. Based on application, the global market is distinguished into residential, garages, patios, walkways, basements, commercial, restaurants & breweries, supermarkets, and retail stores, educational institutions, other commercials, industrial. The commercial segment is expected to hold a dominant outlook in the global concrete floor coatings market landscape. Rising industrialization and increasing investments in industries to boost economic growth will drive concrete floor coatings market potential through this segment.

Increasing infrastructural activity in the Asia Pacific region is expected to create a lucrative setting for concrete floor coatings market growth through 2028. Rapid urbanization and industrialization have fueled the demand for infrastructure and this trend is expected to be a prominent driver for the concrete floor coatings market growth over the forecast period. Developing economies with increasing investments in the construction sector India and China are expected to lead the demand for the concrete floor coatings market in the Asia Pacific region. Increasing population in this region will also drive the residential construction which will further bolster concrete floor coatings market growth stance over the forecast period.

Key players functioning in the global Concrete Floor Coatings market include The Sherwin-Williams Company Henkel AG & Co. KGaA PPG Pittsburgh Paints Behr Paint Company EPMAR Corporation Sika Corporation Recent developments:

• In October 2019, Tennant Coatings known for its commercial and industrial flooring solutions announced the launch of a new moisture mitigation system that offers protection against ill effects of Moisture Vapor Transmission.

Global Concrete Floor Coatings market is segmented as follows:

By Product Type

• Epoxy
• Polyurethane
• Polyaspartic
• Other

By Application

• Residential
• Garages
• Patios
• Walkways
• Basements
• Commercial
• Restaurants & Breweries
• Supermarkets and Retail Stores
• Educational Institutions
• Other Commercial
• Industrial

By End user

• Do-It-Yourself (DIY)
•  Professional

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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