Concrete floor coating market
Concrete floor coatings are mainly applied for the protection of the concrete floor, but can also be used for decoration. Coatings prevent concrete floor degradation or contamination, chemical resistance, ease of maintenance, and so on.
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.
The concrete floor coating market is mainly driven by rising awareness among end-users about the benefits of applying concrete floor coatings. The strong growth of the construction industry in developed as well as emerging economies is expected to drive continued growth, however, manufacturers are expected to face some challenges such as fluctuating raw material and crude oil prices.
Epoxy, polyaspartics and others (including polyurethane, acrylic, etc.) are key products used for concrete floor coatings market. Epoxy based concrete floor coatings accounted for more than 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.
The market was dominated by the North America, followed by Asia Pacific and Europe respectively. Asia Pacific accounted for more than 29% of the market in 2014 and is projected to be the fastest growing market due to strong demand from India and China. Latin America and Middles East & Africa are also important regional markets for concrete floor coatings.
Concrete floor coatings manufacturers typically manufacture raw materials as well as the final product. Key players include; Royal DSM N.V., BASF SE, Behr Process Corporation, Deutsche Amphibolin-Werke von Robert Murjahn Stiftung & Company KG, PPG Industries Inc., RPM International Inc., The Sherwin-William Company, The Valspar Corporation.
[edit] Find out more
[edit] Related articles on Designing Buildings Wiki.
Featured articles and news
HAB is a bridge design concept which incorporates an integrated hydraulic system in order to carry more weight.
ICE publish a discussion paper looking at the role of the engineer in creating inclusive cities.
A PQP describes the activities, standards, tools and processes necessary to achieve quality in a project's delivery.
How Lidl has been actively working to reinforce their brand through sustainability.
Association of British Insurers describe full-scale cladding tests as 'utterly inadequate'.
This article examines the changing policy commitments and evolving definitions of the zero carbon home.
Researchers believe they may have created a 'game-changing' new form of concrete using graphene.
Grouting refers to the injection of materials into a soil or rock formation to change its physical characteristics.
Part of Designing Buildings Wiki, BREEAM Wiki will advance knowledge sharing for the BRE family of sustainability tools.
Iron, glass and wood underfoot
From the decorative to the utilitarian, and from the photographed to the forgotten.
New BRE book considers the progression from project-based knowledge creation to whole-life urban knowledge management.
This CIOB article explores the concept of value in building design and construction.