Transparency Market Research recently published a report on the global concrete floor coatings market. The report, titled "Concrete Floor Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020", evaluates the global concrete floor coatings market with respect to its growth drivers, potential restraints, and market opportunities.
It has been compiled to provide an executive-level overview of the present market dynamics together with growth forecasts. According to the research study, the global market for concrete floor coatings is poised to grow at a positive CAGR of 6.8% over the forecast period between 2014 and 2020. The publication reveals that the global market for concrete floor coatings, which stood at US$745.8 million in 2013, is projected to be worth US$1,176.9 million by the end of 2020. The volume of the demand registered by the concrete floor coatings market was 346.3 kilo tons in 2013.
Full Research Report on Global Concrete Floor Coatings Market with detailed figures and segmentation at: http://www.transparencymarketresearch.com/concrete-floor-coatings-market.html
Concrete floor coatings, as the name suggests, protect concrete floors across a range of construction applications. They are extensively used worldwide to mitigate effects such as thermal shocks, chemical attacks, and abrasion. The expansion of construction industries globally will play a major role in boosting the demand for concrete floor coatings. In addition, consumers around the world have become more informed regarding the benefits of concrete coatings. Such factors will create a favorable environment driving demand from the market. Despite registering impressive growth prospects, the report highlights that fluctuation witnessed in raw material prices and supply will have an adverse affect on the production of concrete floor coatings.
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In order to provide a comprehensive overview, the report segments the global concrete floor coatings market into polyaspartics, epoxy, and others (including polyurethane and acrylic), in terms of distinct product categories. According to the publication, the epoxy-based concrete floor coatings dominated the global market in 2013 with a 55% share of the total demand. Moreover, the demand for epoxy concrete floor coatings is likely to witness exponential growth over the forecast period. Asia Pacific will register the highest demand for this category of concrete floor coatings owing to its wallet-friendly prices and easy availability.
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Among the other product segments, attributes such as better abrasion resistance, enhanced UV protection, and rapid rate of curing will keep up the demand for polyaspartic concrete floor coatings. In 2013, the global market for concrete floor coatings was dominated by North America. The region was closely followed by Asia Pacific and Europe in terms of global demand. However, as per the findings of the report, the concrete floor coatings market in Asia Pacific is likely to witness exponential growth in terms of both production and consumption. The spur in demand can be attributed to the enhanced awareness about the benefits of floor coatings and the overall expansion of the construction industry in the region. In addition, economic factors such as rapid population growth and increasing urbanization will also boost the market for concrete floor coatings in the region. On the basis of revenue, the concrete floor coatings market in Europe will grow at 6.3% CAGR between 2014 and 2020.
Browse the Article of this report, here: http://www.transparencymarketresearch.com/article/concrete-floor-coatings-market.htm
In order to present competitive landscape, the report profiles leading players such as The Valspar Corporation and PPG Industries, Sherwin-Williams, BASF SE, RPM International Inc., and DSM.