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Concrete Floor Coatings Market Analysis | 2023-2028
Concrete Floor Coatings Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis: 2023-2028
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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