Concrete Floor Coatings Market Size Market Share & Forecast, 2019– 2024

Concrete Floor Coatings Market is estimated to exceed USD 1.5 billion by 2024, according to this new research report. Global concrete floor coatings market will be primarily driven by the escalating construction industry, especially in the BRICS countries by 2024. In 2015, the total construction industry valuation in BRICS countries was about USD 2.5 trillion which is expected to surpass USD 8 trillion in the forecast period with CAGR up to 11%. This trend portrays brighter growth aspects for the product market by 2024.

Concrete floor coatings offer superior resistance in severe climatic circumstances, abrasions and wear & tear, owing to which it will witness significant demand across the commercial and residential construction structures. Also, by 2024, the flooring Market is projected to observe nearly 6% CAGR gains globally, which will consequently boost the concrete floor coatings market in the near future.

Request sample copy of this report @
https://www.gminsights.com/request-sample/detail/1431   

The concrete floor coatings market might witness a restraint to its growth in the near future, which is the fluctuating petrochemical price trends. This might affect the business negatively, since the petrochemical derivatives are the foremost raw materials used in the product market. Also, strict regulations concerning the product applications in the food processing units and the pharmaceutical laboratories hamper the industry growth by 2024. Still, the bio-based product development engagements by the manufactures are likely to unveil new opportunities for the product market in the forecast period.

The epoxy coatings segment generated over USD 400 million in 2015. Compared to the other variants, the epoxy coatings are lower in cost and bear high demand from the end-use industry applications such as infrastructure, residential structures and manufacturing facilities for its resistive properties against chemicals and abrasion. Following this trend, the product will have an impressive grow in the forecast timespan.

Owing to the unique characteristics of providing protection from injurious UV rays, polyaspartics segment is forecasted to have gains over 7% CAGR by 2024 for outdoor applications. Moreover, encouraging government initiatives for using bio-based raw materials in coatings will further drive the polyurethane concrete floor coatings in the future years.

Browse Complete Summary of this report @
https://www.gminsights.com/industry-analysis/concrete-floor-coatings-market

Globally increasing government expenditure towards the improvisation of public sector infrastructure in the recent years has influenced the demand for product in true sense. For the outdoor applications, concrete floor coatings market is set to observe gains over 6.5% in the forecast period.

In case of the indoor application segment, the rise in residential and commercial sector construction projects coupled with the increasing consumer awareness for implementing flooring solutions to enhance floor life will propel the product growth by 2024.

By 2024, Asia Pacific region is projected to have highest growth around 8% CAGR. The growth will be attributed to the ever-growing construction business in the emerging economies such as India, China and Japan. In 2015, North America generated over USD 300 million for the product market. Factors such as rising remodeling and renovation practices in residential sector, robust automotive, pharmaceuticals and hospitality industries will rouse demand for product in the flooring applications.

Make an inquiry for purchasing this report @
https://www.gminsights.com/inquiry-before-buying/1431

Key market players are Royal DSM N.V., BASF SE, The Sherwin-William Company, DAW SE, RPM International Inc., PPG Industries Inc., Sika Corporation, The Valspar Corporation, Behr Process Corporation, Nippon Paint Co. Ltd., Henkel Corporation, Rodda Paint Co., Vanguard Concrete Coating, The Stonhard Group and Epmar Corporation.

About Global Market Insights, Inc.

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Connect with us twitter | LinkedIn | Facebook | Google+