Concrete Floor Coatings Market - By Products (Epoxy, Polyaspartic, Acrylic, Polyurethane), By Component (One Component, Two Component, Three Component, Four Component), By Application (Indoor, Outdoor), By End-use Sector & Forecast, 2021-2027
Published on: 2024-07-08 | No of Pages : 240 | Industry : Construction
Publisher : MRA | Format : PDF&Excel
Concrete Floor Coatings Market - By Products (Epoxy, Polyaspartic, Acrylic, Polyurethane), By Component (One Component, Two Component, Three Component, Four Component), By Application (Indoor, Outdoor), By End-use Sector & Forecast, 2021-2027
Concrete Floor Coatings Market - By Products (Epoxy, Polyaspartic, Acrylic, Polyurethane), By Component (One Component, Two Component, Three Component, Four Component), By Application (Indoor, Outdoor), By End-use Sector & Forecast, 2021-2027
Concrete Floor Coatings Market Size
Concrete Floor Coatings Market size was valued at USD 1.23 billion in 2020 and will showcase a growth rate of around 6% CAGR from 2021 to 2027 owing to the growing usage of coating materials in industrial flooring applications along with proliferating commercial space development across the globe. Continuous R&D investments and the development of new products will further support the product demand over the study timeframe.
Concrete coating is a covering, mainly in semi-liquid and liquid forms, applied to cure concretes to enhance the durability and aesthetics of the floors. Concrete floors are porous and allow soluble contaminants & water to penetrate the structure, leading to early degradation. The degradation of concrete flooring can be easily observed through laitance, efflorescence, and physical defects including spalling & cracking of the flooring. Floor coatings protect the structure from degradation by providing stain, abrasion, chemicals, and freeze/thaw protection.
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Concrete floor coatings are widely used in indoor and outdoor applications. The major driving forces of the industry are rapid industrialization and urbanization mainly in Asia Pacific owing to substantial government investments in major industrial & commercial projects. For instance, as per the Asian Development Bank (ADB) report published in February 2017, Asia Pacific requires an investment of approximately USD 26 trillion in infrastructure development from 2016 to 2030, which is likely to have a positive impact on the concrete floor coatings market share.
Additionally, major manufacturers of floor coatings in the region are forming strategic alliances with small & medium players with a presence in Asia Pacific to widen their product portfolio and gain an edge over competitors. For instance, in July 2017, AkzoNobel acquired Flexcrete Technologies Ltd. and Disa Technologies to expand its industrial coating segment by offering a wide range of products for commercial infrastructure projects.
A positive outlook for the construction industry in North America and Europe will further support the concrete floor coatings market growth. A rapid growth in commercial development projects in various regions along with the establishment of new warehousing projects owing to the proliferating e-commerce sector is supporting the concrete floor coating solutions demand.
According to the Commercial Real Estate Development Organization, the U.S. commercial real estate development contributed around USD 1.14 trillion to the economy in 2018. Strong e-commerce activities have showcased higher warehousing demand and warehousing construction in the U.S. grew by around 12.6% in 2019 compared to 2018.
The ongoing COVID-19 pandemic has adversely impacted global industries and economic growth. Key geographic markets including the U.S. and several European economies have been hit the hardest by the pandemic. Furthermore, to counter the spread of the coronavirus, almost all countries around the world have instituted trade blockades and quarantines, which have adversely impacted the concrete floor coatings market in 2020.
Concrete floor coatings manufacturers are witnessing a large setback in sales due to the ongoing COVID-19 pandemic. For instance, in the 2020 annual report, Sika AG reported that its global business recorded an 11.4% decline in sales in FY2020 compared to FY2019. Furthermore, the leasing demand for office spaces in Europe declined by around 40% during the first three quarters of 2020.
| Report Attribute | Details |
|---|---|
| Base Year | 2020 |
| Concrete Floor Coatings Market Size in 2020 | 1.23 Billion (USD) |
| Forecast Period | 2021 to 2027 |
| Forecast Period 2021 to 2027 CAGR | 6% |
| 2027 Value Projection | 1.80 Billion (USD) |
| Historical Data for | 2017 to 2020 |
| No. of Pages | 202 |
| Tables, Charts & Figures | 315 |
| Segments covered | Product, Component, Application, End-use Sector |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
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Concrete Floor Coatings Market Analysis
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Based on products, the market has been categorized into epoxy, polyaspartic, acrylic, polyurethane, and others. Epoxy floor coatings dominated the market with nearly 65% volumetric shares in 2020. Epoxy coatings are widely available, environmental-friendly, and economical compared to other coating solutions. Furthermore, key manufacturers, such as Sika AG and PPG, have launched a wide range of epoxy coatings in 2020. Growing consumption of these coatings in several construction projects will subsequently boost the concrete floor coatings market segment over the forecast period.
The three component segment is expected to grow at a CAGR of 5.9% from 2021 to 2027. Growth is attributed to the proliferating industrialization across the globe. This component system is effectively used in heavy-duty applications and requires experts during application. Three component systems consist of three components that are mixed to form an effective flooring solution. These flooring coatings are highly consumed by heavy-duty industries such as chemical, manufacturing, car parks, pharmaceutical, etc. The rising manufacturing industry and increasing infrastructure investments will increase the demand for three component systems during the forecast period.
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Indoor application is expected to generate around USD 1.11 billion revenue by 2027. The demand for housing infrastructure is increasing in proportion to the population, accelerating the need for new residential construction projects. In developing economies, urbanization and industrialization have triggered the demand for effective construction materials & solutions to successfully initiate large construction projects.
For instance, in August 2017, China allowed the development of rental housing projects on a trial basis. This project will be initiated in 13 cities including major cities such as Shanghai, Guangzhou, and Beijing. Furthermore, the development of commercial spaces in East Europe and the U.S. along with the establishment of new automotive & pharmaceutical production houses across these regions will further support the segment growth.
Industrial end-use held a dominant with volumetric share of around 69% in 2020. Flooring coatings are majorly used in the industrial sector to enhance aesthetics and protect floors from corrosion & heavy surface wear. The proliferating industrialization in Asia Pacific along with FDI supportive policies by several emerging economies will support the concrete floor coatings market share. Furthermore, the availability of a wide range of product portfolios and the development of low VOC products will drive segment growth over the study timeframe.
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The North America will witness considerable demand over the forecast period at a CAGR of 5.4% from 2021 to 2027. Flooring solutions continue to witness considerable growth owing to the strong manufacturing sector in the region along with growing commercial & infrastructure development. A strong presence of several industries, such as automotive, electronics & electrical, and pharmaceutical, along with proliferating e-commerce and warehousing construction will support the concrete floor coatings product in the region.
Concrete Floor Coatings Market Share
Key players in the concrete floor coatings industry are
- Sika AG
- BASF SE
- PPG Industries, Inc
- RPM International, Inc
- Hempel A/S
The Sherwin-Williams Company, and others. Industry players are engaged in R&D investments, product development, mergers & acquisitions, and the expansion of distributor networks to enhance their market shares. For instance, in February 2021, Sika AG acquired Kreps LLC, a mortar manufacturer in Russia.
The concrete floor coatings market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2017 to 2027 for the following segments
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By Products
- Epoxy
- Polyaspartic
- Acrylic
- Polyurethane
- Others
By Component
- One-component
- Two-component
- Three-component
- Four-component
By Application
- Indoor
- Outdoor
By End-use Sector
- Residential
- Commercial
- Industrial
The above information is provided on a regional and country basis for the following
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Russia
- Poland
- Asia Pacific
- China
- India
- Japan
- Australia
- Indonesia
- Malaysia
- South Korea
- Latin America
- Mexico
- Brazil
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
Table of Content
Report Content
Chapter 1 Methodology And Scope
1.1 Market Definition
1.2 Market estimation & forecast parameters
1.2.1 Base estimation & working
1.2.1.1 North America
1.2.1.2 Europe
1.2.1.3 Asia Pacific
1.2.1.4 Latin America
1.2.1.5 Middle East & Africa
1.3 Forecast calculation
1.3.1 COVID-19 impact calculations on industry forecast
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
Chapter 2 Executive Summary
2.1 Concrete floor coatings industry 360° synopsis, 2017 – 2027
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Component trends
2.1.4 Application trends
2.1.5 End use sector trends
2.1.6 Regional trends
Chapter 3 Concrete Floor Coatings Industry Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2017 – 2027
3.2.1 COVID-19 impact on industry size
3.3 Industry ecosystem analysis
3.3.1 Profit margin analysis
3.3.2 Value addition at each stage
3.3.3 Value chain disruption analysis (COVID-19 impact)
3.3.4 Vendor matrix
3.3.4.1 Key raw material suppliers
3.3.4.2 Key product manufacturers & suppliers
3.3.4.3 Key potential customers
3.4 Raw material trends
3.4.1 Covid-19 impact on raw materials
3.5 Innovation & sustainability
3.5.1 Patent analysis
3.5.2 Future trends
3.6 Industry impact forces
3.6.1 Growth drivers
3.6.1.1 Rapidly growing construction industry in Asia Pacific
3.6.1.2 Revival of construction industry in Europe.
3.6.1.3 Growing manufacturing sector in emerging economies
3.6.1.4 Rising infrastructure spending around the world
3.6.1.5 Strongly growing construction industry in Middle East
3.6.2 Industry pitfalls & challenges
3.6.2.1 Raw material price fluctuations
3.7 Industry megatrends
3.8 Growth potential analysis,2020
3.9 Regulatory trends
3.9.1 U.S.
3.9.2 Europe regulatory standards
3.9.3 Chinese regulations
3.10 Porter’s analysis
3.10.1 Threat of new entrants
3.10.2 Supplier power
3.10.3 Buyer power
3.10.4 Threat of substitute
3.10.5 Industry rivalry
3.11 Company market share analysis, 2020
3.11.1 Strategy dashboard
3.11.2 Brand analysis
3.11.3 Stakeholders analysis
3.12 PESTEL analysis
3.13 Regional price trends
3.13.1 Cost structure analysis
3.13.2 COVID-19 impact on price trends
3.14 COVID-19 impact on Concrete floor coatings market, by end use
3.14.1 Residential
3.14.2 Commercial
3.14.3 Industrial
Chapter 4 Concrete Floor Coatings Market, By Products
4.1 Concrete floor coatings market key trends by products
4.2 Epoxy
4.2.1 Market estimates and forecast, 2017 – 2027
4.2.2 Market estimates and forecast by region, 2017 – 2027
4.3 Polyaspartic
4.3.1 Market estimates and forecast, 2017 – 2027
4.3.2 Market estimates and forecast, by region, 2017 – 2027
4.4 Acrylic
4.4.1 Market estimates and historical data, 2017 – 2027
4.4.2 Market estimates and forecast data, by region, 2017 – 2027
4.5 Polyurethane
4.5.1 Market estimates and historical data, 2017 – 2027
4.5.2 Market estimates and forecast data, by region, 2017 – 2027
4.6 Others
4.6.1 Market estimates and historical data, 2017 – 2027
4.6.2 Market estimates and forecast data, by region, 2017 – 2027
Chapter 5 Concrete Floor Coatings Market, By Component
5.1 Concrete floor coatings market key trends by component
5.2 One component
5.2.1 Market estimates and forecast, 2017 – 2027
5.2.2 Market estimates and forecast by region, 2017 – 2027
5.3 Two component
5.3.1 Market estimates and forecast, 2017 – 2027
5.3.2 Market estimates and forecast by region, 2017 – 2027
5.4 Three component
5.4.1 Market estimates and forecast, 2017 – 2027
5.4.2 Market estimates and forecast by region, 2017 – 2027
5.5 Four component
5.5.1 Market estimates and forecast, 2017 – 2027
5.5.2 Market estimates and forecast by region, 2017 – 2027
Chapter 6 Concrete Floor Coatings Market, By Application
6.1 Concrete floor coatings market key trends by application
6.2 Indoor
6.2.1 Market estimates and forecast, 2017 – 2027
6.2.2 Market estimates and forecast by region, 2017 – 2027
6.3 Outdoor
6.3.1 Market estimates and forecast, 2017 – 2027
6.3.2 Market estimates and forecast by region, 2017 – 2027
Chapter 7 Concrete Floor Coatings Market, By End Use Sector
7.1 Concrete floor coatings market key trends by application
7.2 Residential
7.2.1 Market estimates and forecast, 2017 – 2027
7.2.2 Market estimates and forecast by region, 2017 – 2027
7.3 Commercial
7.3.1 Market estimates and forecast, 2017 – 2027
7.3.2 Market estimates and forecast by region, 2017 – 2027
7.4 Industrial
7.4.1 Market estimates and forecast, 2017 – 2027
7.4.2 Market estimates and forecast by region, 2017 – 2027
Chapter 8 Concrete floor coatings Market, By Region
8.1 Concrete floor coatings market key trends by region
8.2 North America
8.2.1 North America market estimates and forecast, 2017 – 2027
8.2.2 North America market estimates and forecast by products, 2017 – 2027
8.2.3 North America market estimates and forecast by component, 2017 – 2027
8.2.4 North America market estimates and forecast by application, 2017 – 2027
8.2.5 North America market estimates and forecast by end use sector, 2017 – 2027
8.2.6 U.S.
8.2.6.1 U.S market estimates and forecast, 2017 – 2027
8.2.6.2 U.S. market estimates and forecast by products, 2017 – 2027
8.2.6.3 U.S. market estimates and forecast by component, 2017 – 2027
8.2.6.4 U.S. market estimates and forecast by application, 2017 – 2027
8.2.6.5 U.S. market estimates and forecast by end use sector, 2017 – 2027
8.2.7 Canada
8.2.7.1 Canada market estimates and forecast, 2017 – 2027
8.2.7.2 Canada market estimates and forecast by products, 2017 – 2027
8.2.7.3 Canada market estimates and forecast by component, 2017 – 2027
8.2.7.4 Canada market estimates and forecast by application, 2017 – 2027
8.2.7.5 Canada market estimates and forecast by end use sector, 2017 – 2027
8.3 Europe
8.3.1 Europe market estimates and forecast, 2017 – 2027
8.3.2 Europe market estimates and forecast by products, 2017 – 2027
8.3.3 Europe market estimates and forecast by component, 2017 – 2027
8.3.4 Europe market estimates and forecast by application, 2017 – 2027
8.3.5 Europe market estimates and forecast by end use sector, 2017 – 2027
8.3.6 Germany
8.3.6.1 Germany market estimates and forecast, 2017 – 2027
8.3.6.2 Germany market estimates and forecast by products, 2017 – 2027
8.3.6.3 Germany market estimates and forecast by component, 2017 – 2027
8.3.6.4 Germany market estimates and forecast by application, 2017 – 2027
8.3.6.5 Germany market estimates and forecast by end use sector, 2017 – 2027
8.3.7 UK
8.3.7.1 UK market estimates and forecast, 2017 – 2027
8.3.7.2 UK market estimates and forecast by products, 2017 – 2027
8.3.7.3 UK market estimates and forecast by component, 2017 – 2027
8.3.7.4 UK market estimates and forecast by application, 2017 – 2027
8.3.7.5 UK market estimates and forecast by end use sector, 2017 – 2027
8.3.8 France
8.3.8.1 France market estimates and forecast, 2017 – 2027
8.3.8.2 France market estimates and forecast by products, 2017 – 2027
8.3.8.3 France market estimates and forecast by component, 2017 – 2027
8.3.8.4 France market estimates and forecast by application, 2017 – 2027
8.3.8.5 France market estimates and forecast by end use sector, 2017 – 2027
8.3.9 Spain
8.3.9.1 Spain market estimates and forecast, 2017 – 2027
8.3.9.2 Spain market estimates and forecast by products, 2017 – 2027
8.3.9.3 Spain market estimates and forecast by component, 2017 – 2027
8.3.9.4 Spain market estimates and forecast by application, 2017 – 2027
8.3.9.5 Spain market estimates and forecast by end use sector, 2017 – 2027
8.3.10 Italy
8.3.10.1 Italy market estimates and forecast, 2017 – 2027
8.3.10.2 Italy market estimates and forecast by products, 2017 – 2027
8.3.10.3 Italy market estimates and forecast by component, 2017 – 2027
8.3.10.4 Italy market estimates and forecast by application, 2017 – 2027
8.3.10.5 Italy market estimates and forecast by end use sector, 2017 – 2027
8.3.11 Russia
8.3.11.1 Russia market estimates and forecast, 2017 – 2027
8.3.11.2 Russia market estimates and forecast by products, 2017 – 2027
8.3.11.3 Russia market estimates and forecast by component, 2017 – 2027
8.3.11.4 Russia market estimates and forecast by application, 2017 – 2027
8.3.11.5 Russia market estimates and forecast by end use sector, 2017 – 2027
8.3.12 Poland
8.3.12.1 Poland market estimates and forecast, 2017 – 2027
8.3.12.2 Poland market estimates and forecast by products, 2017 – 2027
8.3.12.3 Poland market estimates and forecast by component, 2017 – 2027
8.3.12.4 Poland market estimates and forecast by application, 2017 – 2027
8.3.12.5 Poland market estimates and forecast by end use sector, 2017 – 2027
8.4 Asia Pacific
8.4.1 Asia Pacific market estimates and forecast, 2017 – 2027
8.4.2 Asia Pacific market estimates and forecast by products, 2017 – 2027
8.4.3 Asia pacific market estimates and forecast by component, 2017 – 2027
8.4.4 Asia Pacific market estimates and forecast by application, 2017 – 2027
8.4.5 Asia Pacific market estimates and forecast by end use sector, 2017 – 2027
8.4.6 China
8.4.6.1 China market estimates and forecast, 2017 – 2027
8.4.6.2 China market estimates and forecast by products, 2017 – 2027
8.4.6.3 China market estimates and forecast by component, 2017 – 2027
8.4.6.4 China market estimates and forecast by application, 2017 – 2027
8.4.6.5 China market estimates and forecast by end use sector, 2017 – 2027
8.4.7 India
8.4.7.1 India market estimates and forecast, 2017 – 2027
8.4.7.2 India market estimates and forecast by products, 2017 – 2027
8.4.7.3 India market estimates and forecast by component, 2017 – 2027
8.4.7.4 India market estimates and forecast by application, 2017 – 2027
8.4.7.5 India market estimates and forecast by end use 2017 – 2027
8.4.8 Japan
8.4.8.1 Japan market estimates and forecast, 2017 – 2027
8.4.8.2 Japan market estimates and forecast by products, 2017 – 2027
8.4.8.3 Japan market estimates and forecast by component, 2017 – 2027
8.4.8.4 Japan market estimates and forecast by application, 2017 – 2027
8.4.8.5 Japan market estimates and forecast by end use sector, 2017 – 2027
8.4.9 Australia
8.4.9.1 Australia market estimates and forecast, 2017 – 2027
8.4.9.2 Australia market estimates and forecast by products, 2017 – 2027
8.4.9.3 Australia market estimates and forecast by component, 2017 – 2027
8.4.9.4 Australia market estimates and forecast by application, 2017 – 2027
8.4.9.5 Australia market estimates and forecast by end use sector, 2017 – 2027
8.4.10 Indonesia
8.4.10.1 Indonesia market estimates and forecast, 2017 – 2027
8.4.10.2 Indonesia market estimates and forecast by products, 2017 – 2027
8.4.10.3 Indonesia market estimates and forecast by component, 2017 – 2027
8.4.10.4 Indonesia market estimates and forecast by application, 2017 – 2027
8.4.10.5 Indonesia market estimates and forecast by end use sector, 2017 – 2027
8.4.11 Malaysia
8.4.11.1 Malaysia market estimates and forecast, 2017 – 2027
8.4.11.2 Malaysia market estimates and forecast by products, 2017 – 2027
8.4.11.3 Malaysia market estimates and forecast by component, 2017 – 2027
8.4.11.4 Malaysia market estimates and forecast by application, 2017 – 2027
8.4.11.5 Malaysia market estimates and forecast by end use sector, 2017 – 2027
8.4.12 South Korea
8.4.12.1 South Korea market estimates and forecast, 2017 – 2027
8.4.12.2 South Korea market estimates and forecast by products, 2017 – 2027
8.4.12.3 South Korea market estimates and forecast by component, 2017 – 2027
8.4.12.4 South Korea market estimates and forecast by application, 2017 – 2027
8.4.12.5 South Korea market estimates and forecast by end use sector, 2017 – 2027
8.5 Latin America (LATAM)
8.5.1 LATAM market estimates and forecast, 2017 – 2027
8.5.2 LATAM market estimates and forecast by products, 2017 – 2027
8.5.3 LATAM market estimates and forecast by component, 2017 – 2027
8.5.4 LATAM market estimates and forecast by application, 2017 – 2027
8.5.5 LATAM market estimates and forecast by end use sector, 2017 – 2027
8.5.6 Mexico
8.5.6.1 Mexico market estimates and forecast, 2017 – 2027
8.5.6.2 Mexico market estimates and forecast by products, 2017 – 2027
8.5.6.3 Mexico market estimates and forecast by component, 2017 – 2027
8.5.6.4 Mexico market estimates and forecast by application, 2017 – 2027
8.5.6.5 Mexico market estimates and forecast by end use sector, 2017 – 2027
8.5.7 Brazil
8.5.7.1 Brazil market estimates and forecast, 2017 – 2027
8.5.7.2 Brazil market estimates and forecast by products, 2017 – 2027
8.5.7.3 Brazil market estimates and forecast by component, 2017 – 2027
8.5.7.4 Brazil market estimates and forecast by application, 2017 – 2027
8.5.7.5 Brazil market estimates and forecast by end use sector, 2017 – 2027
8.6 Middle East & Africa (MEA)
8.6.1 MEA market estimates and forecast, 2017 – 2027
8.6.2 MEA market estimates and forecast by products, 2017 – 2027
8.6.3 MEA mar