The U.S. concrete floor coatings market is projected
to reach approximately USD 1.15 billion by 2025, according to a new report
conducted by Grand View Research, Inc. The improvement in the U.S. housing
sector as a result of increasing number of single-family homes on a domestic
level is expected to drive the market. However, gains in the automotive
manufacturing industry as a result of increased exports of four wheeler
vehicles from developing countries including Brazil, South Africa, India and
Thailand is expected to increase the penetration of flooring in production
facilities over the next eight years.
Epoxy coatings are projected to
grow at a CAGR of 6.0% from 2017 to 2025. The high adoption rate of these types
of coating in flooring industry on account of providing excellent properties
including improved durability and superior toughness is projected to have a
significant impact over the next eight years
U.S. concrete floor coatings
market, by product, 2014 - 2025 (USD Million)
Browse full research report on
U.S. Concrete Floor Coatings Market
Further key findings from
the report suggest:
- U.S. concrete
floor demand was 214.1 kilo tons and is anticipated to reach 371.1 kilo
tons by 2025, growing at a CAGR of 6.3% from 2016 to 2025.
- Polyurethane
coatings market is expected to reach USD 268.3 million by 2025. These
product segments are anticipated to witness growth due to their unique
properties including superior resistance to corrosion, abrasion and
chemical exposure.
- Polyaspartic
products are likely to foresee low penetration on account of increasing
industry presence of epoxy and polyurethane counterparts. These products
are expected to anticipate gains on account of inducing fast curing and
drying which is projected to improve their penetration over the forecast
period
- Commercial
applications are scheduled to foresee most rapid volume growth at a CAGR
of 6.6% from the period of 2017 to 2025. The share of green buildings in
the U.S. is likely to be the highest in educational and healthcare
institutions by the end of 2025 owing to promotion and adoption of health
safety policies in these sectors. The trend mentioned above is expected to
play a crucial role in increasing the usage of floor coatings.
- Major
manufacturers include The Stonhard Group, Sika, BASF, General Polymers,
Tennant Company, Valspar, Pratt & Lambert Paints, Vanguard Coating,
Behr Process Corporation, and Epmar Corporation. New product developments
along with the formation of strategic alliances with buyers located in
flooring industry are expected to remain critical success factor over the
next eight years.
About Grand View Research,
Inc:
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
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