Overview and Scope
The concrete floor coating refer to semi-liquid or liquid materials used for improving the aesthetics and protection of the floor. Concrete floor coatings are applied to cured concrete to make the surface or structure strong and reduce repair and maintenance costs. It also offers a smoother and more slip-resistant surface, which is easier to maintain.
Sizing and Forecast
The concrete floor coatings market size has grown strongly in recent years. It will grow from $1.63 billion in 2023 to $1.77 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to increased commercial construction projects, growth in design trends and aesthetics, increased demand for maintenance and durability, increased environmental and sustainability concerns, increased need for renovation and replacement needs.
The concrete floor coatings market size is expected to see strong growth in the next few years. It will grow to $2.49 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to circular economy practices, emerging market demand, growing need for resilient and low-maintenance flooring, safety and slip resistance requirements, growing real estate
. Major trends in the forecast period include flooring material innovation, advanced flooring installation methods, technological advancements, innovative solutions, and strategic collaborations.
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Segmentation & Regional Insights
The concrete floor coatings market covered in this report is segmented –
1) By Products: Epoxy, Polyaspartic, Acrylic, Polyurethane, Other Products
2) By Component: One-component, Two-component, Three-component, Four-component
3) By Application: Outdoor, Indoor
4) By End-Use Sector: Residential, Commercial, Industrial
Top Major Players
Reid Packaging
Allen Field Company Inc.
Unicraft Industries
Guangzhou Bosing Paper Printing and Packaging Co. Ltd.
GWP Grouogies Inc.
Asia-Pacific was the largest region in the concrete floor coatings market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the concrete floor coatings market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rise in building, construction, and renovation projects is expected to propel the growth of the concrete floor coating market. A renovation project is the process of restoring or renovating a structure, whereas a new construction project is the construction of a structure or building from the ground up. Concrete floor coatings are often used in commercial, industrial, and residential construction and renovation activities to create high-performance, smooth, durable surfaces with a long operational life and the capability to hold heavy loads. For instance, according to the United States Census Bureau, a principal agency of the U.S. Federal Statistical System, the value of construction spending in the US increased from $1,469.2 billion in 2020 to $1,589 billion in 2021. Additionally, according to the National Association of Home Builders, a US-based association representing the interests of contractors, home builders, developers, and associated businesses, the RMI (Remodeling Market Index) in the US increased to 87 during the third quarter of 2021, compared to 82 during the same period in the previous year. Therefore, the rise in building, construction, and renovation projects is driving the concrete floor coating market growth.
Key Industry Players
Major companies operating in the concrete floor coatings market include Sika AG, AkzoNobel N.V., ARCAT Inc., Ardex GmbH, Armor Rock Concrete Floor Coatings Inc, BASF SE, Citadel Contractors, CPC Floor Coatings, DAW SE, Koninklijke DSM N.V., Elite Crete Systems, Hempel A/S, Henkel Corporation, Liquid Floor Inc., Nippon Paint Co. Ltd., PPG Industries Inc., Rodda Paint Co., Royal DSM N.V., RPM International Inc, Stonhard Inc., Teknos Group, Tennant Coatings, The Sherwin-Williams Company, The Valspar Corporation, United Gilsonite Laboratories, Vanguard Concrete Coating, Watco Industrial Flooring, Zeraus Products Inc., Behr Paint Company, Benjamin Moore & Co., SP Concare Pvt Ltd, Cornerstone Specialty Wood Products, LLC
The concrete floor coatings market report table of contents includes:
1. Executive Summary
2. Concrete Floor Coatings Market Characteristics
3. Concrete Floor Coatings Market Trends And Strategies
4. Concrete Floor Coatings Market – Macro Economic Scenario
5. Global Concrete Floor Coatings Market Size and Growth
…..
32. Global Concrete Floor Coatings Market Competitive Benchmarking
33. Global Concrete Floor Coatings Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Concrete Floor Coatings Market
35. Concrete Floor Coatings Market Future Outlook and Potential Analysis
36. Appendix
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