The Concrete Floor Coatings Market is expected to grow at > 6.5% during 2021-2026, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Concrete Floor Coatings Market
Concrete Floor Coatings Market is likely to witness a CAGR of 6.5% during the forecast period. Growing end-use industries such as residential construction coupled with the surge in demand for commercial spaces and growing demand for protective coverings for concrete flooring, and increasing manufacturing sector in the emerging economies are the major factors driving the growth of the concrete flooring market during the forecast period.
Asia-Pacific is estimated to be the leading region in the market owing to growing manufacturing sector, rapid urbanization and industrialization in the region during the forecast period. In addition, availability of low-cost raw materials and labor in the region, increase in new commercial and industrial construction projects due to growing population are some of the other factors fueling the regional market’s growth over the forecast period. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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Market Scope & Market Segmentation
Concrete Floor Coatings Market Share: By Product Type
Based on the product type, the market is segmented as epoxy, polyaspartic, acrylic, polyurethane, and others. Epoxy is estimated to dominate the market during the forecast period. Factors such as its increased utilization in various construction applications, primarily because of its eco-friendly advantages, its lower cost as compared to other coatings, and high-cost benefit-ratio coupled with its green nature are expected to fuel the segment’s growth during the forecast period.
Concrete Floor Coatings Market Share: By Component Type
Based on the component type, the market is segmented as one component, two component, three component, and four component. The two-component segment is anticipated to witness significant growth rate in the market during the forecast period. Two component floor coatings are primarily used in the environment where corrosion protection is required as their coatings provide additional protection to the flooring from foreign partials and external forces, and also, these are majorly used in manufacturing plants, such as food & beverage, fabrication, plastic manufacturing, and assembly lines, boosting the growth of the market during the forecast period.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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