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Floor coatings are tough, protective layers used in applications where heavy surface wear or corrosion is expected. It is suitable for resurfacing applications and patching exposed surface. They require clean surfaces and exhibit high strength. They are applied over the concrete floor to provide a smooth surface that can last many years and withstand heavy loads.
The global concrete floor coatings market to achieve USD XXX Million by 2023 and are currently accounts for USDXXX Million in 2017. The market is a growing market because of the increased investment in the building and construction industry due to recent development and rise in population around the globe.
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(1) They create a shiny high- gloss surface that increases the brightness of interior areas.
(2) They offer hardwearing durable surface.
(3) Durable and easy to install
(4) It is ideal for warehouses and industrial applications.
(5) It requires little or no major maintenance.
(6) It protects from moisture, stains, grease and cracks.
(7) It helps the environment by providing green options to the business.
The global concrete floor coatings are bifurcated into product type and on an application basis. The product type is divided into Epoxy, Polyaspartics and others. By application, it is divided into outdoor and indoor uses. The epoxy floor coatings are widely used floor coatings and offer many advantages as a comparison to traditional coatings. Epoxy floor coatings constitute a major share in the market in terms of customer base and revenue earned in the overall market.
Geographically, the concrete floor coatings market is analyzed based on countries such as North America, Europe, Asia-Pacific and Europe. The industrial floor coatings market to witness a high rate of growth in the Asia-Pacific region. The high industrialization and the increasing urbanization around the globe have anticipated the growth of the market. Further, the rise in industrial construction projects and rise in disposable income has driven the growth of the market.
The major market players of the concrete floor coatings markets include -The Sherwin Williams Company, PPG Industries Inc, BASF SE, RPM International, Inc, Sika AG and Other Major & Niche Key Players. All the players are continuously modifying their plans and policies to stand out in the market. Recently BASF SE comes up with innovative solutions for construction that are highly protective industrial floor coatings and classical ternary self-levelling underlayment.
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Moreover, the concrete floor coatings are used indoor as well as outdoor activities. The market is growing market because of the increase of the government expenditure on construction projects and rise in the personal disposable income of the customers in the market which ultimately constitute the major portion of the market.