Concrete Floor Coating Market 2016 Industry Size, Shares, Segment & Forecast up to 2020
Deerfield Beach, FL -- (SBWIRE) -- 07/07/2016 -- Concrete Floor Coating Market (Epoxy, Polyaspartics and Others) for Outdoor and Indoor Applications - Global Industry Perspective, Comprehensive Analysis, and Forecast 2014 – 2020
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Zion Research has published a new report titled "Concrete Floor Coating Market (Epoxy, Polyaspartics and Others) for Outdoor and Indoor Applications - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020". According to the report, global demand for concrete floor coating was valued at USD 800 million in 2014 and is expected to reach around USD 1,200 million in 2020, growing at a CAGR of around 7% between 2014 and 2020. In terms of volume, the global concrete floor coating market stood at approximately 360 kilo tons in 2014.
Concrete floor coating is a major aspect of construction industry. Concrete floor coatings are mainly applied for the protection of the concrete floor. Decoration is another important purpose of using concrete floor coatings. Coatings prevents concrete floor from degradation or contamination. Additionally, it provides concrete floor with good chemical resistance, ease of maintenance, aesthetics, physical performance etc. Concrete floors are not capable of taking consistent exploitation therefore coating for concrete floors is essential. Concrete floor coating is used in wide range of applications such as residential floor coatings, commercial floors coatings, industrial floors coatings, etc.
Browse the full "Concrete Floor Coating Market (Epoxy, Polyaspartics and Others) for Outdoor and Indoor Applications - Global Industry Perspective, Comprehensive Analysis, and Forecast 2014 – 2020" report at http://www.marketresearchstore.com/report/concrete-floor-coating-market-z37626
Concrete floor coating market is mainly driven by rising awareness among end-users regarding benefits of applying concrete floor coatings. Use of concrete floor coatings prevents concrete floor from any chemical attack, deterioration and provides aesthetic look and also extend its durability. Strong growth prospectus of construction industry in developed as well as emerging economies is expected to trigger growth of this industry. However, manufacturers are expected to face some challenges such as fluctuating raw material and crude oil prices associated with.
Epoxy, polyaspartics and others (including polyurethane, acrylic, etc.) are key product segments of concrete floor coatings market. Epoxy based concrete floor coatings accounted for the largest share of over 50% of the total concrete floor coatings market in 2014. Polyspartics concrete coating is the second largest product segment of concrete floor coating market followed by others (polyurethane, acrylic, etc.) products segment. Polyspartics concrete coatings are also expected to exhibit fastest CAGR during the forecast period.
The indoor application include garages, walkways, pathways, driveways, patios coating etc, and outdoor application include floor coatings for offices, commercial spaces, residential coating. Indoor was the leading application market for concrete floor coatings in 2014. Indoor is also expected to be the fastest growing application market for concrete floor coatings during the forecast period.
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