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Concrete Floor Coatings Market Analysis | 2023-2028
Concrete Floor Coatings Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis: 2023-2028
"The concrete floor coatings market was estimated at USD 3.9 billion in 2022 and is likely to grow at a CAGR of 4.4% during 2023-2028 to reach USD 5.1 billion in 2028."
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Concrete floor coatings are tough protective layers used to protect concrete floors from wear and tear, corrosion, and harsh chemicals. They are also used to decorate floors by brightening or defining certain areas and covering stained concrete.
These coatings protect the underlying concrete surface from abrasion, chemical spills, and foot traffic. These coatings, which are available in materials such as epoxy, polyurethane, acrylic, and polyaspartic, provide advantages such as increased durability, chemical resistance, and aesthetics. They are used in a number of situations, like industrial, commercial, domestic, etc.
COVID-19 Impact
The global market for concrete floor coatings witnessed a decline of 5% in 2020 amid the pandemic in the wake of supply chain disruption, shortage of raw materials, and interrupted production schedules across industries. However, the market for concrete floor coatings grew significantly after 2021, owing to the increase in construction activities, the growing significance of safety and environmental regulations, higher demand for concrete repair and maintenance of floors, etc.
The concrete floor coating market is driven by several reasons. A few are mentioned below:
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The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc. The following are the key players in the concrete floor coatings market:
Note: The above list does not necessarily include all the top players in the market.
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Segmentations |
List of Sub-Segments |
Segments with High Growth Opportunity |
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Material Type Analysis |
Epoxy, PU, MMA, and Others |
Epoxy is expected to remain the dominant material type in the foreseen future. |
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End-User Type Analysis |
Industrial and Residential & Commercial |
The industrial segment is expected to remain the dominant end-user type in the market during the forecast period. |
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Application Type Analysis |
Food & Beverage, Healthcare, Industrial Manufacturing, Automotive Manufacturing, and Others |
Industrial manufacturing is expected to remain the dominant application type during the forecast period, whereas food & beverage is the fastest-growing application type during the same period. |
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Regional Analysis |
North America, Europe, Asia-Pacific, and Rest of the World |
Europe is estimated to be dominant in the near future. |
Based on the material type, the concrete floor coatings market is segmented into epoxy, PU resin, MMA, and others. Epoxy is expected to remain the dominant material type in the foreseen future. Epoxy coatings are preferred for all major applications because of their durability, ease of maintenance, chemical and impact resistance, and ability to prevent wear and tear. Polyurethane remains the second dominant material type during the same period due to its flexibility, shorter curing time than epoxy, abrasion resistance, resistance to solvents and alkalis, resistance to temperature extremes, and scratching chemical and heat resistance; making it ideal for bio-medical, food processing, freezing chambers, malls, airports, and hospitals.
Based on the end-user type, the market is segmented into industrial, residential, & commercial. The industrial segment is expected to remain the dominant end-user type in the market during the forecast period. Epoxy and polyurethane coating systems are predominantly used for industrial applications.
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Based on the application type, the market is segmented into food & beverage, healthcare, industrial manufacturing, automotive manufacturing, and others. Industrial manufacturing is expected to remain the dominant application type during the forecast period, whereas food & beverage is the fastest-growing application type during the same period. Food & beverage includes wine industries, meat, cheese, and dairy processing, and other food-processing areas. PU resin is used in the food & beverage and healthcare industries as it exhibits high chemical resistance to corrosive substances, solvents, acids, hot oils, and sugar.
In terms of regions, Europe is estimated to be dominant in the near future. Countries, such as the UK, Germany, and France, are the main growth engines of the regional market because they are home to important companies, distributors, and contractors. There are several flooring material suppliers in the area to meet the rapidly shifting market demands. North America and Asia-Pacific are also likely to create sizeable opportunities in the coming five years, driven by an increase in construction activities.
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This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
The concrete floor coatings market is segmented into the following categories.
By Material Type
By Component Type
By End-User Type
By Region
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.
Concrete floor coatings are tough protective layers used to protect concrete floors from wear and tear, corrosion, and harsh chemicals. They are also used to decorate floors by brightening or defining certain areas and covering stained concrete. These coatings protect the underlying concrete surface from abrasion, chemical spills, and foot traffic. These coatings, which are available in materials such as epoxy, polyurethane, acrylic, and polyaspartic, provide advantages such as increased durability, chemical resistance, and aesthetics. They are used in a number of situations, like industrial, commercial, domestic, etc.
The concrete floor coatings market was estimated at USD 3.9 billion in 2022.
The concrete floor coatings market is likely to reach USD 5.1 billion in 2028.
The concrete floor coatings market is estimated to grow at a CAGR of 4.4% by 2028. Increasing building construction activity, growing additional and alteration buildings and the benefits of concrete floor coatings are some of the market's major driving factors.
Sika AG, Covestro Group, The Sherwin-Williams Company, BASF SE, PPG Industries, Inc., Jotun, RPM International Inc., and Ardex Group are the leading players in the market.
Europe is estimated to remain dominant in the market in the foreseen future. There are several flooring coating material suppliers in the area to meet the rapidly shifting market demands.
Asia-Pacific is estimated to remain the fastest-growing market for concrete floor coatings in the foreseeable future. More than half of the market in the region is controlled by China alone, and it will keep expanding its market share both locally and globally.
Industrial manufacturing is estimated to be dominant in the market in the coming years. Both of the major materials: epoxy and polyurethane are majorly preferred for industrial applications.
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