According to Fortune Business Insights™, The global Concrete Floor Coatings Market forecast is likely to experience dynamic growth in the forthcoming years as a result of rapid innovations and technological advancements, along with speedy globalization.
The increasing utilization of CFC in the infrastructure and construction industry is expected to aid the expansion of the market, states Fortune Business Insights, in a report, titled “Concrete Floor Coatings Market Size, Share & Industry Analysis, By Type (Epoxy, Polyaspartics, Acrylic, Polyurethane, Others), By Application (Residential, Non-residential)and Regional Forecast, 2020-2027.” Increasing government initiatives for development are expected to stimulate the growth of the market.
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The concrete floor coatings market report offers clarifications on:
- What is the projected market worth?
- What policies area adopted by the enterprises?
- What are the key market trends, drivers, and restrictions?
- Which country or region holds the maximum share in the global market?
- Latest developments occurred in recent times?
Launch of Floropoxy 4900V and Floropoxy 4900 by Florock to Boost Growth
The increasing launch of innovative concrete floor products is expected to bolster the growth of the market. For instance, in April 2015, Florock introduced Floropoxy 4900V and Floropoxy 4900. These innovative products can be used for concrete floors and walls, which in turn, will cater to meet the customer requirements and expand the company’s presence. Furthermore, in October 2019, Tennant coatings introduced Eco-MVR 100, a moisture mitigation system that offers advanced protection against the costly and deleterious effects of Moisture Vapor Transmission (MVT). The introduction of the Eco-MVR 100 can have a tremendous effect on the market owing to its cost-effectiveness and robustness.
However, fluctuation pricesof concrete floor coatings are expected to restrict the growth of the market. Besides, the increasing competition with emerging companies can further obstruct the growth of the market.
Surging Construction Industry to Propel Market in North America
The market in North America is expected to experience substantial growth during the forecast period owing to the evolving construction industry in the region. The increasing customer base is predicted to enable the healthy growth of the market. Asia Pacific is expected to hold the largest share during the forecast period owing to the presence of major companies in Japan, China, South Korea, and India. The growing knowledge about new flooring products and rapid urbanization are factors expected to foster healthy growth of the market in the region. Europe is expected to expand radically during the forecast period owing to the rising investment for existing buildings. Moreover, various policies and increasing disposable income can spur opportunities for the market in Europe. The market in Latin America is expected to account for the largest share in the market owing to the growing demand for corrosion-resistant raw material for construction. Besides, new government policies are expected to aid development in the Middle East and Africa.
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May 2019: Rust-Oleum launched Metallic Concrete Floor Paint. The new floor paint will be used ongarage floors, driveways, carports, basements, and patios.
The Report Lists the Key Players in the Concrete Floor Coatings Market:
- Tennant Coatings
- BASF SE
- Vanguard Concrete Coating
- North American Coating Solutions
- Trucrete Surfacing System
- PPG Industries
- Cornerstone Coatings
- The Sherwin-Williams Company
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