A recent report published by Infinium Global Research on concrete floor coatings market provides an in-depth analysis of segments and sub-segments in the global as well as regional concrete floor coatings market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional concrete floor coatings market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global concrete floor coatings market. According to the report, the global concrete floor coatings market is projected to grow at a CAGR of 6.2% over the forecast period of 2019-2025.
Concrete floor coatings repairs and hides pop-outs, scratches and stains. These coatings provide a decorative look and offer many colors and patterns to choose from. It enhances the appearance of the garage, basement or house floor and it is inexpensive as compared to other types of flooring. The leading companies in the concrete flooring market are adopting strategies such as mergers, acquisitions, and collaborations that propel their market share.
The rising number of construction projects drives the growth of concrete floor coatings market. The rapid urbanization and increasing disposable income contribute to the growth of concrete floor coatings market. Efficiency in advanced coatings and improvement in product quality promotes the growth of concrete floor coatings market. The rising popularity of green technology such as green buildings propels the growth of the concrete floor coatings market. In addition, increasing awareness regarding the benefits of concrete flooring such as stain, water, bacteria, and odor resistance boosts the growth of the concrete floor coatings market. On the other side, the availability of substitutes such as carpet, tiles, and bamboo flooring hampers the growth of concrete floor coatings market. Moreover, new innovative product launches create several opportunities for the growth of the concrete floor coatings market.
Based on geography, the global concrete floor coatings market is classified into North America, Asia-Pacific, Europe, and the Rest of the World. North America is expected to hold a premium share in the global concrete floor coatings market. Easy availability of different types of floor coatings in North America drives the growth of concrete floor coatings market in North America. Asia-Pacific region is anticipated to grow in the global concrete floor coatings market with a significant CAGR over the forecast period. The rising construction industry in developing countries like India, China stimulates the growth of concrete floor coatings market. Europe is showing growth in the global concrete floor coatings market. The growing renovation and remodeling activities in Europe promotes the growth of concrete floor coatings market in Europe.
The report on the global concrete floor coatings market covers segments such as product type and application type. On the basis of product type, the sub-markets include epoxy, polyaspartics, and other product types. On the basis of application type, the sub-markets include indoor, and outdoor.
The report provides profiles of the companies in the market such as BASF SE, RPM International Inc., Sika AG, PPG Industries Inc., Sherwin-Williams Company, Zeraus Products Inc., The Valspar Corporation, Stonhard Inc., Behr Process Corporation, Armor Rock Concrete Floor Coatings Inc., and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of concrete floor coatings market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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