North America Concrete Floor Coatings Market is expected to reach USD 1.01 billion by 2020, according to a new study by Grand View Research, Inc. 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.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/north-america-concrete-floor-coatings-market
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
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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
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more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
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