Floor Coatings - World Market Growth, Trends and Forecasts (2019-2024): Demand for Concrete Floor Coatings to Boost the Market - ResearchAndMarkets.com

The "Floor
Coatings Market - Growth, Trends, and Forecast (2019 - 2024)"
report has been added to ResearchAndMarkets.com's
offering.

The market for floor coatings is expected to grow at a CAGR of 6.15 %
during the forecast period of 2019-2024.

One of the major factors driving the market studied is the number of
increasing housing construction activities in the emerging economies of
Asia-Pacific. There are strict regulations on VOCs released for floor
coatings.

The demand for floor coatings from industrial coatings dominated the
market in 2017 and is expected to grow during the forecast period, owing
to the increasing demand from the chemical industry.

The promising performance of polyaspartic coatings is likely to act as
an opportunity in the future.

Asia-Pacific dominated the market across the globe, with the largest
consumption from China and India.

Key Market Trends

Demand for Concrete Floor Coatings to Boost the Market

Concrete has become one of the viable materials for flooring in modern
houses. Presently, concrete flooring can be easily found in the
polished, stained, or etched form in houses.

In houses, concrete flooring finds application almost everywhere,
including in the kitchen, bathroom, basement, entry, foyer, mudroom,
bathroom, garage, etc.

Apart from residential applications, concrete is also widely used in
commercial areas. For instance, in retail stores, offices, restaurants
and bars, schools, churches, medical institutions, and industrial
buildings.

Concrete flooring has certain benefits, such as unlimited designs and
patterns, extreme durability, very low maintenance demand, stain
resistance, etc.

Floor coatings serve as a sealer on the concrete. The application of
coating helps avoid seepage, staining, and cracking of concrete.
Additionally, it reduces allergens by avoiding the growth of
microorganisms, which may develop on the floor due to seepage or
spillage.

Asia-Pacific to Dominate the Market

Asia-Pacific dominated the global market share in 2017. Increasing
housing construction activities in the emerging economies of
Asia-Pacific have also hugely contributed to the growth of the market
studied.

Despite volatile growth in the real estate sector, significant
development of rail and road infrastructure by the Chinese government
(in order to withstand demand from the growing industrial and service
sectors) has resulted in the robust growth of the Chinese construction
industry, in the recent years.

As the construction industry is dominated by state-owned and private
enterprises, increased government and private expenditure in this regard
is pushing the industry toward global primacy. In recent years, the
entry of major construction players from the European Union, in China,
has further boosted the growth of this industry.

The construction sector in India has been growing rapidly, with
increased investment by the government. The Indian government's Housing
for All by 2022' is also a major game changer for the industry.

A cumulative total of USD 24.67 billion in foreign direct investment was
made toward construction activities (including townships, built-up
infrastructure, and construction-development projects) in the country,
between April 2000 and December 2017. Such factors are, in turn,
boosting the demand for floor coatings in the region.

Competitive Landscape

The global floor coatings market is fragmented, with the top 10 players
accounting for around one-third of the revenue share. The top companies
in the market include Sika, The Sherwin-Williams Company, PPG
Industries, and AkzoNobel.

Key Topics Covered

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Growing Demand from the Power Industry

4.1.2 Increase in Demand for Desalination Activity

4.1.3 Increase in Demand from the Chemical Industry

4.2 Restraints

4.2.1 Stagnant Industrial Growth in Developed Countries

4.3 Industry Value-Chain Analysis

4.4 Porters 5 Force Analysis

4.5 Regulatory Policy Analysis

5 MARKET SEGMENTATION

5.1 Product Type

5.1.1 Epoxy

5.1.2 Polyaspartics

5.1.3 Acrylic

5.1.4 Polyurethane

5.1.5 Other Product Types

5.2 Floor Material

5.2.1 Wood

5.2.2 Concrete

5.2.3 Other Floor Materials (Stone, Granite, Tiles)

5.3 Coatings Component

5.3.1 One-component (1K)

5.3.2 Two-component (2K)

5.3.3 Three-component (3K)

5.3.4 Other Components (4K, 5K, etc.)

5.4 End-user Industry

5.4.1 Residential

5.4.1.1 Indoor

5.4.1.2 Outdoor

5.4.2 Commercial

5.4.2.1 Parking Lots

5.4.2.2 Retail Outlets

5.4.2.3 Warehouses

5.4.2.4 Other Commercial Industries

5.4.3 Industrial

5.4.3.1 Chemical Industry

5.4.3.2 Food and Beverage Industry

5.4.3.3 Other Industries

5.5 Geography

5.5.1 Asia-Pacific

5.5.2 North America

5.5.3 Europe

5.5.4 South America

5.5.5 Middle East & Africa

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations and
Agreements

6.2 Market Share Analysis

6.3 Strategies Adopted by Leading Players

6.4 Company Profiles

6.4.1 Akzo Nobel N.V.

6.4.2 ArmorPoxy

6.4.3 Asian Paints PPG Pvt. Ltd.

6.4.4 BASF SE

6.4.5 Epoxy-Coat

6.4.6 Henkel AG & Co. KGaA

6.4.7 Jotun

6.4.8 Kansai Nerolac Paints Limited

6.4.9 LATICRETE International Inc.

6.4.10 Mapei

6.4.11 Maris Polymers

6.4.12 NIPSEA Group (Nippon Paint)

6.4.13 PPG Industries Inc.

6.4.14 RPM International Inc. (Flocrete)

6.4.15 Sika AG

6.4.16 StoCretec GmbH

6.4.17 Tambour

6.4.18 Teknos Group

6.4.19 The Sherwin-Williams Company

6.4.20 Tikkurila Oyj

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

7.1 Increasing Popularity of Eco-friendly Bio-based Floor Coatings

7.2 Promising Performance of Polyaspartic Coatings

For more information about this report visit https://www.researchandmarkets.com/research/4ppnr2/floor_coatings?w=4

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