Global Concrete Floor Coatings Market 2017-2021
About Concrete Floor Coatings
Concrete floor coatings are layers that protect concrete floors from environmental and physical damages. These coatings increase the life of concrete floors. Concrete floor coatings can be liquid or semi-liquid depending upon their end-use. These coatings make floors smooth and slip resistant and enhance their overall appearance.
Technavio’s analysts forecast the global concrete floor coatings market to grow at a CAGR of 6.73% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global concrete floor coatings market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Concrete Floor Coatings Market 2017-2021
Technavio recognizes the following companies as the key players in the global concrete floor coatings market: BASF, PPG Industries, DSM, RPM International, and The Sherwin-Williams.
Other Prominent Vendors in the market are: ARDEX ENDURA, Asian Paints PPG, Behr Process, Cameleon Coatings & Paint Manufacturers, CBH Coatings, DAW, Dulux, Durall Concrete Floor Coatings, Elite Crete Systems, Legacy Industrial, MCLEAN FLOORING SOLUTIONS, Medal Paints, NIPPON PAINT, Sika, Tennant Coatings, United Gilsonite Laboratories (UGL), AGON PAINTS AUSTRALIA, and Watco Group.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is customization of concrete floor. In the concrete floor coatings market, customization of concrete floors is a recent trend. In developed countries such as the US, Canada, Germany, and Japan customization of concrete floor coating is gaining popularity.”
According to the report, one driver in the market is benefits in use of epoxy resin coatings. Epoxy is a thermosetting resin that is generally used as a coating for various applications. It is formed when one part of epoxide resin is mixed with one part of polyamine hardener. The hardener acts as a catalyst, and it gives strength to epoxy. Due to its low cost, epoxy resins have high demand in the market and is used widely in concrete floor coating.
Further, the report states that one challenge in the market is high operating cost. The cost of concrete flooring ranges around $2-$6 per square foot depending on the level of complexity. Most of the concrete floor installations are quite cost-effective. However, a mid-range floor can cost $7 to $14 per square foot, which includes some processes such as saw cuts, multiple colors, polishing or overlay, the high-end design may cost $15-$30 a square foot, which consists of embeds, divider strips, stencils, and epoxy terrazzo.
BASF, PPG Industries, DSM, RPM International, The Sherwin-Williams, ARDEX ENDURA, Asian Paints PPG, Behr Process, Cameleon Coatings & Paint Manufacturers, CBH Coatings, DAW, Dulux, Durall Concrete Floor Coatings, Elite Crete Systems, Legacy Industrial, MCLEAN FLOORING SOLUTIONS, Medal Paints, NIPPON PAINT, Sika, Tennant Coatings, United Gilsonite Laboratories (UGL), AGON PAINTS AUSTRALIA, and Watco Group.