Floor Coatings Market Share, Trends, Revenue, Growth Drivers, Challenges and Future Investment Opportunities Till 2033


Floor Coatings Market Share, Trends, Revenue, Growth Drivers, Challenges and Future Investment Opportunities Till 2033: SPER Market Research

 Category : Chemical & Materials

 Published: Feb-2024
 Author: SPER Analyst

Concrete Floor Coatings Market is projected to be worth USD 8.39 billion by 2033 and is anticipated to surge at a CAGR of 5.71%.

Concrete floor coatings are durable protective coatings that shield concrete floors from abrasive chemicals, rust, and normal wear and tear. They can also be used to cover stained concrete and brighten or define specific areas on floors.  These coatings shield the concrete surface beneath from foot traffic, chemical spills, and abrasion. These coatings offer benefits like improved durability, chemical resistance, and aesthetics. They are available in materials like epoxy, polyurethane, acrylic, and polyaspartic. They are employed in a variety of settings, including commercial, residential, and industrial.  

Global Concrete Floor Coatings Market Driving Factors and Challenges

Drivers- The need for coating materials will rise as a result of the construction industries' notable growth, which will propel the global market for concrete floor coatings. In both commercial and residential construction, flooring is a crucial component. It includes import applications for workplaces, hospitals, shopping centres, commercial buildings, homes, airports, and railroads. Manufacturing for these industries is anticipated to grow demand globally and stimulate the market over the forecast period. Furthermore, in the near future, the market for concrete floor coatings will be driven by durability and temperature resistance.  

Challenges- Regulations that target volatile organic compounds (VOCs) in coatings present one of the main obstacles. To reduce air pollution and encourage better indoor air quality, governments and environmental organizations around the world are tightening regulations on volatile organic compound (VOC) emissions. As a result, manufacturers have fewer options for formulation and must spend money on research and development to produce coatings that meet legal requirements while still offering excellent performance. 

Impact of COVID-19 on Global Concrete Floor Coatings Market
The market for concrete floor coatings is negatively impacted by the coronavirus's rapid spread. A great deal of companies and the manufacturing industry have temporarily ceased operations due to the prolonged lockdown and the rapidly spreading coronavirus across the globe. Numerous manufacturing industries were impacted by the supply chain disruption. Concrete floor coatings manufacturers are attempting to cater to a variety of end-use industries in spite of the substantial impact they have on almost every industry in the industrial sector.   

Concrete Floor Coatings Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Akzo Nobel N.V.,BASF SE,CPC Floor Coatings., DSM, Nippon Paint Holdings Co., Ltd., PPG Industries, Inc.,  Rodda Paint Co., Sika AG,  Watco Industrial Flooring. 

By Product: Based on the Product, Global Concrete Floor Coatings Market is segmented as; Acrylic, Epoxy, Polyaspartic and Polyurethane.

By Component: Based on the Component, Global Concrete Floor Coatings Market is segmented as; One Component, Two Component, Three Component and Four Component. 

By Application: Based on the Application, Global Concrete Floor Coatings Market is segmented as; indoor and outdoor.

By End Use: Based on the End Use, Global Concrete Floor Coatings Market is segmented as; Commercial & Industrial, Residential.

By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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