(MENAFN- iCrowdNewsWire) Polyaspartic Concrete floor coatings , which are mechanical and chemical stress-resistant layers on concrete floors, have high requirement in building, construction, and renovation industries. With these key end-use industries growing rapidly, demand for epoxy-based and other concrete floor coatings is spiraling upward.
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According to data revealed by the Government of the United Kingdom in its report titled“Industrial Strategy: Government and Industry in Partnership”, the global building & construction industry is highly progressive and expected to grow by over 70% by 2025 compared to the year 2013.
According to Fact.MR analysis, the global epoxy concrete floor coatings market is predicted to expand at close to 6% CAGR through 2031.
Key Takeaways from Polyaspartic Concrete Floor Coatings Market Study
- Epoxy-based coatings to witness highest demand.
- Asia Pacific to lead the global concrete floor coatings market, with its epicenters in India and China.
- The United States remains lucrative in the North America concrete floor coatings market.
- Germany to take the spotlight in Europe's market.
- Japan, Mexico, the United Kingdom, Canada, and a few other countries to emerge heavyweights for concrete floor coating manufacturers.
- Rise in demand from indoor and outdoor segments to propel market growth.
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Epoxy Concrete Floor Coatings Market Segmentation by Category
- Other Products
- North America
- Latin America
- Middle East and Africa (MEA)
- East Asia
- South Asia
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Key Questions Answered in Report
- Which are the top companies operating in the concrete floor coatings market?Some of the top companies competing in the global concrete floor coatings market are BASF SE, Nippon Paint Co., Ltd., The Valspar Corporation, and others.
- Which are some of the lucrative markets for concrete floor coatings?Germany, the United States, China, Japan, the United Kingdom, and a few others are lucrative markets for concrete floor coatings.
- Which is the highly sought-after segment in terms of product for concrete floor coatings?Presently, epoxy-based concrete floor coatings are the mostly sought-after in terms of product in this market space.
- Which applications are fuelling sales of concrete floor manufacturers?Currently, indoor and outdoor applications are fuelling the sales of concrete floor coatings.
- What are the key challenges faced by concrete floor coating manufactures?Concrete floor coating manufactures are thriving on the rise in demand from the building and construction industry. However, there are a few challenging factors they are working on. For instance, epoxy-based concrete floor coatings have high demand, but they have a set of disadvantages worth attention.
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