Global Outlook on Concrete Floor Coatings, Increasing Awareness amongst Customers to Fuel Growth

Published By : 04 Feb 2016 | Published By : QYRESEARCH

The concrete floor coatings’ demand is majorly fuelled by the increasing awareness on floor coatings as well as the increasing activities of construction globally. These coatings are utilized in a wide range of floor coating applications and the concrete floor coatings’ commercial applications include a number of outdoor applications as that of walkways, patios, garage floors, etc. 

More Informed Customers to Fuel Market for Concrete Floor Coatings:  The owners of processing plants and the facility managers are more aware of the advantages of concrete floor coatings and these coatings help in protecting the concrete floors from thermal shocks, abrasion, chemical attacks, and other related factors of processing and production environments within the chemical processing, food and beverage, pharmaceutical, and other industries that need high-performance industrial solutions of flooring. Furthermore, concrete coatings help in making floors a lot more resistant to heat, wear and tear, and a number of other conditions. 

Polyspartics Concrete Floor Coatings, the Most Rapidly Growing Segment: Polyaspartics, epoxy, and others such as acrylic and polyurethane are the prime product segments in the market for concrete floor coatings. Amongst these, the segment of epoxy-based concrete floor coatings held the largest share of more than 50% in the market in 2014. On the other hand, polyspartics concrete coatings held the second largest share in the market and was trailed by the segment of others such as acrylic and polyurethane. The segment of polyspartics concrete floor coatings is also predicted to be the most rapidly growing segment in forthcoming years.

Indoor Application Segment Led the Market: In terms of application, the market for concrete floor coatings is fuelled by the indoor application in 2014. This application segment includes walkways, garages, driveways, pathways, and patio coatings. On the other hand, outdoor applications comprise floor coatings for commercial spaces, offices, and residential coatings. 

Therefore, though the future looks lucrative for the sales of concrete floor coatings, prices and availability of raw materials may affect the levels of production for these coatings. Looking at the fact that different end-users utilize a variety of products, the concrete floor coatings’ prices will vary region by region. 

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