North America Concrete Floor Coatings Market Is Expected To Reach USD 1.01 Billion by 2020: Radiant Insights, Inc
RadiantInsights.com includes new market research report on “North America Concrete Floor Coatings Market Size, Share And Trends Report To 2020 : Radiant Insights” to its huge collection of research reports.
San Francisco, United States – August 21, 2015 /MarketersMedia/ —
North America Concrete Floor Coatings Market By Product (Epoxy, Polyurethanes, Polyaspartics), By Application (Outdoor, Indoor) Is Expected To Reach over USD 1.01 Billion By 2020.
North America Concrete Floor Coatings Market is expected to reach USD 1.01 billion by 2020. Construction industry growth in the U.S. post the Great Recession in 2008 – 2009, along with expansion of the domestic aerospace and energy sectors are anticipated to fuel concrete floor coatings demand over the forecast period. Introduction of the “National Infrastructural Plan (NIP)” by the government of Mexico, which is aimed at promoting residential and commercial infrastructure, is likely to augment market growth. The government plans to invest USD 590 billion over a period of four years between 2014 and 2018.
Indoor was the largest application segment, accounting for over 60% of the North American concrete floor coatings market volume in 2013. Housing sector growth in the U.S. and Canada is anticipated is expected to fuel concrete floor coatings demand in indoor applications over the forecast period. However, outdoor coatings are anticipated to witness fastest growth over the next six years owing to new product launches at competitive prices. Furthermore, rising consumer awareness regarding protection of exteriors to boost life span of the structure is expected to drive market growth during the projected period.
Further key findings from the study suggest:
• North America concrete floor coatings market demand was 214.3 kilo tons in 2013 and is expected to reach 329.0 kilo tons by 2020, growing at a CAGR of 6.3% from 2014 to 2020
• Epoxy dominated the North America concrete floor coatings market, accounting for over 50% of the overall volume in 2013. Low cost of epoxy resin as compared to its counterparts is anticipated to have a positive impact on market growth in the near future.
• Polyaspartics concrete floor coatings are expected to witness fastest growth over the forecast period owing to their superior properties including U.V. protection, fast curing and high temperature range
• U.S. was the largest concrete floor coatings market in 2013, accounting for over 80% of regional volume share. Robust infrastructure development of commercial and residential structures in the U.S. is anticipated to fuel concrete floor coatings market demand. High prevalence of numerous manufacturing industries including automotive, FMCG, pharmaceutical, food & beverage and oil & gas sectors in the U.S. is expected to promote demand for concrete floor coatings over the forecast period.
• North America concrete floor coatings market was dominated by four companies’ viz., Sika, BASF, General Polymers and Stonhard together accounting for over 40% of total market share in 2013. Other market participants include PPG, Tennant Company, Pratt & Lambert Paints, Elite Crete System, Behr Process Corporation, Bayer and DuPont
Browse full research report with TOC on ” North America Concrete Floor Coatings Market Analysis By Product (Epoxy, Polyaspartics), By Application (Indoor, Outdoor) And Segment Forecasts To 2020 ” at:
http://www.radiantinsights.com/research/north-america-concrete-floor-coatings-market-analysis-by-product-epoxy-polyaspartics-by-application-indoor-outdoor-and-segment-forecasts-to-2020
For the purpose of this study, Grand View Research has segmented the North America concrete floor coatings market on the basis of product, application and region:
North America Concrete Floor Coatings Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2020)
• Epoxy
• Polyurethanes
• Polyaspartics
• Others
North America Concrete Floor Coatings Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2020)
• Outdoor
• Indoor
North America Concrete Floor Coatings Country Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2020)
• U.S.
• Canada
• Mexico
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Source: http://www.grandviewresearch.com/
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