Concrete Floor Coatings Market is anticipated to witness a healthy CAGR during the forecast period. Floor coating protects concrete floors from wear and tear and abrasions. The increase in sales of concrete floor coatings is supported by the major growth in R&D activities, exquisite planning regarding construction in the developed regions; switching to organized structure in the developing regions. In addition, rising awareness about the security provided by coatings from thermal shocks and chemical attacks in a cost-effective manner has led to its increasing demand.
Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/concrete-floor-coatings-market/request-sample
The key driving factors responsible for the growth of Concrete Floor
Coatings market :
However, rising demand for epoxy resin
in the production of sealants and adhesives on account of its low cure
shrinkage and high-water resistance is likely to hamper concrete floor coatings
market. Asia-Pacific is one of the prominent regions in the concrete floor
coatings industry and will continue to account for a large share in the global
arena throughout the forecast period, due to growing population accompanied by
rapid development of construction business in China and India.
Many global companies in the
concrete floor coating market have been focusing on launching newer products
and differentiating them by presenting a new coating technique to support their
market position. BASF and Sika are major manufacturers in concrete floor
coatings industry, and presence across numerous stages of the industry
ecosystem supports them in achieving competitive benefit in the business.
Furthermore, the product manufacturers are involved in extensive R&D in
order to progress products from bio-based raw materials. This benefit claims
promising future development opportunities for the market.
Florock Polymer launched two new
products comprising Floropoxy 4900 V and Floropoxy in April 2015, which are
designed for offering high-performance protection for vertical and horizontal
applications. The company used nanotechnology that resulted in ensuring
potential and convenience savings to customers.
Leading players operating in the
concrete floor coatings market include PPG Industries Inc.; Tennant Company;
Behr Process Corporation; Pratt & Lambert Paints; DuPont; BASF SE; The
Sherwin-William Company; Stonehard; General Polymers; and Royal DSM N.V. The
top companies are involved in mergers and acquisitions, partnerships, and joint
ventures in order to increase the inorganic growth of the industry.
View Full Table of Contents of This Report @ https://www.millioninsights.com/industry-reports/concrete-floor-coatings-market
No comments:
Post a Comment