The worldwide Concrete Floor Coatings Market is anticipated to witness a healthy CAGR during the forecast period. Floor coating protects concrete floors from wear and tear and abrasions. The increase in sales of concrete floor coatings is supported by the major growth in R&D activities, exquisite planning regarding construction in the developed regions; switching to organized structure in the developing regions. In addition, rising awareness about the security provided by coatings from thermal shocks and chemical attacks in a cost-effective manner has led to its increasing demand.
However, rising demand for epoxy resin in the production of sealants and adhesives on account of its low cure shrinkage and high-water resistance is likely to hamper concrete floor coatings market. Asia-Pacific is one of the prominent regions in the concrete floor coatings industry and will continue to account for a large share in the global arena throughout the forecast period, due to growing population accompanied by rapid development of construction business in China and India.
Many global companies in the concrete floor coating market have been focusing on launching newer products and differentiating them by presenting a new coating technique to support their market position. BASF and Sika are major manufacturers in concrete floor coatings industry, and presence across numerous stages of the industry ecosystem supports them in achieving competitive benefit in the business. Furthermore, the product manufacturers are involved in extensive R&D in order to progress products from bio-based raw materials. This benefit claims promising future development opportunities for the market.
Florock Polymer launched two new products comprising Floropoxy 4900 V and Floropoxy in April 2015, which are designed for offering high-performance protection for vertical and horizontal applications. The company used nanotechnology that resulted in ensuring potential and convenience savings to customers.
Leading players operating in the concrete floor coatings market include PPG Industries Inc.; Tennant Company; Behr Process Corporation; Pratt & Lambert Paints; DuPont; BASF SE; The Sherwin-William Company; Stonehard; General Polymers; and Royal DSM N.V. The top companies are involved in mergers and acquisitions, partnerships, and joint ventures in order to increase the inorganic growth of the industry.
Global Concrete Floor Coatings Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
Global Concrete Floor Coatings Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
Global Concrete Floor Coatings Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• North America
• Asia Pacific
Research Support Specialist, USA