New York, According to a new market research report published by Global Insight Services “Concrete Floor Coatings Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Concrete floor coatings are a type of flooring that is applied to concrete in order to protect it from wear and tear and to make it more attractive. There are many different types of concrete floor coatings available on the market, and they can be applied by either professional contractors or do-it-yourselfers. The most common type of concrete floor coating is a polyurethane coating, which is applied in a two-part process that involves the use of a primer and a topcoat. Other types of concrete floor coatings include epoxy coatings, which are applied in a three-part process that involves the use of a basecoat, a mid-coat, and a topcoat; and urethane coatings, which are applied in a four-part process that involves the use of a primer, a basecoat, a mid-coat, and a topcoat.
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Key Trends
There are a few key trends in concrete floor coatings technology that are worth mentioning.
First, there is a trend towards using more environmentally-friendly products. This is in response to the growing awareness of the impact that our activities have on the environment.
Second, there is a trend towards coatings that are more durable and easier to maintain. This is in response to the increasing demands of modern life and the need for products that can stand up to heavy use.
Finally, there is a trend towards coatings that are more aesthetically pleasing. This is in response to the increasing importance that people place on the look of their homes and businesses.
Key Drivers
The key drivers of the concrete floor coatings market are:
1. The need for better flooring solutions: One of the main drivers for the concrete floor coatings market is the need for better flooring solutions. With the advancement of technology and the increase in construction activity, there is a growing demand for better flooring solutions that can meet the needs of the construction industry.
2. The increase in construction activity: Another driver for the concrete floor coatings market is the increase in construction activity. With the growing population and the need for better infrastructure, there is a constant demand for construction activity. This has led to an increase in the demand for concrete floor coatings.
Market Segments
The Concrete Floor Coatings Market is segmented by floor structure, end user, binder type, coating component, and region. On the basis of floor structure, the market is segmented into concrete, mortar, terrazzo, wood, and others. The end user segment of the floor coatings market is broadly classified into residential, commercial, and industrial. On the basis of binder type, the market is segmented into epoxy, acrylic, polyurethane, methyl methacrylate, and others. The coating component of the market is categorized into single component, double component, and triple component. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Concrete Floor Coatings Market includes players such as BASF SE, The Sherwin-Williams Company, Akzo Nobel N.V., ArmorPoxy, RPM International Inc., Axalta Coating Systems, Ltd., Sika AG, PPG Industries, Inc., 3M and The Lubrizol Corporation.
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Reasons to buy Concrete Floor Coatings Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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