LONDON, March 18, 2024 (GLOBE NEWSWIRE) -- The global concrete floor coatings market has experienced robust growth in recent years, as evidenced by the latest report, " Concrete Floor Coatings Global Market Report 2024", by The Business Research Company.
Market Overview and Growth Projections
The concrete floor coatings market has witnessed strong growth, with a projected compound annual growth rate (CAGR) of 8.9% from 2023 to 2024, reaching a size of $1.77 billion. Looking ahead, the market is expected to continue its upward trajectory, with a forecasted size of $2.49 billion by 2028. Key factors driving this growth include increased residential and commercial construction activities, rising demand for durable and aesthetically pleasing flooring solutions, and technological advancements in coating materials.
Learn More In-Depth On The Concrete Floor Coatings Market
https://www.thebusinessresearchcompany.com/report/concrete-floor-coatings-global-market-report
Growth in Residential and Commercial Construction Activities
The demand for long-lasting and visually appealing flooring solutions is on the rise, driven by the growth of residential and commercial construction activities worldwide. Concrete floor coatings offer a flexible and cost-effective way to enhance the look and durability of concrete surfaces in both residential and commercial settings. For instance, according to the Australian Bureau of Statistics, total construction work in Australia increased by 1.3% in November 2023, while in the USA, total construction spending reached $1.98 trillion in August 2023, driven primarily by nonresidential construction spending.
Strategic Innovations in Coating Technology
Companies in the concrete floor coatings market are focusing on launching innovative product lines featuring cool surface technology to meet consumer demands for functionality and convenience. This technology offers immediate and cost-effective solutions to address temperature concerns, providing substantial environmental benefits and cost savings. For example, PPG Industries, Inc. introduced a new GLIDDEN floor paint and concrete stain product line incorporating cool surface technology, offering easy application and temperature reduction of up to 20%.
Segmentation Analysis
The report provides a detailed segmentation analysis of the concrete floor coatings market, categorizing it based on various parameters:
- Products: Epoxy, Polyaspartic, Acrylic, Polyurethane, Other Products
- Component: One-component, Two-component, Three-component, Four-component
- Application: Outdoor, Indoor
- End-Use Sector: Residential, Commercial, Industrial
Regional Insights
North America emerged as the largest region in the concrete floor coatings market, followed by Asia Pacific and Western Europe. However, the fastest-growing regions are projected to be Asia Pacific and Western Europe, with anticipated CAGRs of 18.7% and 18.0%, respectively.
Get A Free Sample Of The Global Concrete Floor Coatings Market Report
https://www.thebusinessresearchcompany.com/sample_request?id=5955&type=smp
The global concrete floor coatings market report highlights significant growth opportunities driven by residential and commercial construction activities, as well as technological advancements in coating materials. With strategic innovations and a focus on meeting consumer demands for durability and aesthetics, stakeholders in the industry are well-positioned to capitalize on emerging trends and drive sustainable growth in the market.
Concrete Floor Coatings Global Market Report 2024 by The Business Research Company provides insights on the concrete floor coatings market size, concrete floor coatings market segments, concrete floor coatings market trends, drivers and restraints, major competitors’ market positioning, revenues and market shares.
The Business Research Company has published over 7,500+ industry reports, covering more than 2,500+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Check Out Similar Market Intelligence Reports By The Business Research Company:
Cement And Concrete Products Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/cement-and-concrete-products-global-market-report
Autoclaved Aerated Concrete Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/autoclaved-aerated-concrete-global-market-report
Precast Concrete Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/precast-concrete-global-market-report
Learn More About The Business Research Company
The Business Research Company is a market intelligence firm pioneering in company, market, and consumer research. With offices all around the world, TBRC has specialist consultants in a variety of fields, including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model – World’s Most Comprehensive Database
The Business Research Company’s flagship product, Global Market Model, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.
