Pune, India - North America Concrete Floor Coatings
Market demand was held at 214.3 kilo tons in 2013. Concrete floor
coatings provide excellent resistance against high temperature, wear and tear
to indoor & outdoor areas in commercial and residential buildings. Recovery
of the construction industry in the U.S. is likely to drive the concrete floor
coatings market over the years ahead. Positive outlook towards construction
industry in Mexico, as a consequence of rising expenditure by government to
improve infrastructure is likely to have a positive impact on the market. The
Mexican government allocated USD 297 Billion to develop domestic energy sector,
which includes 124 projects to establish natural gas pipelines and power plants
under the initiatives of “National Infrastructure Program 2014-2018”.
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Epoxy, polyaspartic, and polyurethanes are the major product
categories. Epoxy coatings segment accounted for the largest industry share and
is likely to remain dominant in the future, owing to its low cost. These
products have excellent properties such as resistance to chemical and heat,
electric insulation and good adhesion. The above-mentioned attributes along
with relatively low cost are likely to boost the consumption of epoxy coatings
during the forecast period. However, ineffectiveness of these products on
exposure to UV is expected to adversely affect the industry growth.
Polyaspartic coatings are projected to offer favorable growth prospects, owing
to their properties such as better UV protection and good resistance to wear
& tear and abrasion. Other product categories include polyuria and acrylic
coatings. Development of bio based polyurethaneis likely to open new avenues in
the industry during the forecast period for polyurethane coatings in the upcoming
six years.
Application Insights
Indoor applications accounted for more than 60% share of the
total industry in 2013. Significant infrastructure activities coupled with the
revival of the construction sector in the U.S. are likely to boost product
consumption during the forecast period. Outdoor segment is likely to be the
fastest in the North America region, over the years ahead.
Country Insights
U.S. held the largest demand for concrete floor coatings
in2013. This trend is likely to continue during the forecast period.
Significant infrastructure activities pertaining to the residential and
commercial construction sectors in the U.S., is likely to increase the product
consumption over the years ahead. Growth of core industrial sectors such as oil
& gas, food and beverage, pharmaceutical, FMCG and automotive is likely to
provide scope for noteworthy usage of the product.
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This report segments the global North America Concrete Floor
Coatings Market on the basis of Types
are:
•
Epoxy
•
Polyurethanes
•
Polyaspartics
•
Others
On the basis of Application,
the Global North America Concrete Floor Coatings Market is segmented into:
•
Outdoor
•
Indoor
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