The concrete floating floors system market growth is driven by expansion in the renovation and construction industry as well as rise in usage of coatings in industrial, commercial, and residential applications. Availability of a wide range of systems for concrete floating floors, such as rubber concrete jack-up systems, spring concrete jack-up systems, and concrete formwork systems, is fueling market expansion. These systems offer excellent heat and chemical resistance, strong adhesion, and effective electrical insulation. Low cost of epoxy concrete floor coatings compared to their competitors is also expected to fuel the North America concrete floating floors system market statistics in the near future.
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Increase in Investment in Construction Sector
The North America concrete floating floors system market size is estimated to grow at a CAGR of 3.6% during the forecast period, due to the rise in construction and renovation activities in the region. Increase in construction and renovation of hotels, corporate offices, mega retail stores, auditoriums, theaters, and studios is driving the demand for concrete floating floors systems. Rise in government investment to support commercial buildings with advanced architectural solutions in order to prevent risks associated with seismic activity, shock, and vibrations is also likely to boost the market in the near future.