Global Market for Concrete Floor Coatings to be Driven by Booming Construction Industry Worldwide

In the construction industry, the coating of the floor is considered as a crucial facet, owing to which the global market for floor coatings has been in high demand. Concrete floor coatings are being used widely in several floor coating applications. Concrete floor coatings help in protecting concrete floors from thermal shocks, chemical attacks, and abrasion. Some of the indoor applications of concrete floor coatings are in commercial floors, industrial floors, and residential floor coatings, whereas some of the outdoor applications are walkways, patios, garage floors, and others. The application of these coatings makes the flooring particularly resistant against heat, wear and tear, and other factors.

As per a research study by Transparency Market Research, in 2013, the global market for concrete floor coatings was worth US$0.7 bn and is estimated to reach a value of US$1.1 bn by the end of 2020. The market is projected to register a healthy 6.80% CAGR between 2014 and 2020.

Biobased Concrete Floor Coatings to Drive Global Market in Near Future

The booming construction industry in developing economies is one of the major factors driving the global market for concrete floor coatings. In addition, the recovering construction sector in developed economies and increasing awareness regarding the benefits of floor coatings are expected to fuel the growth of the market in the next few years. The benefits of using concrete floor coating have been acknowledged by builders and consumers across the globe, owing to which the global market is expected to witness speedy growth in the near future.

On the flip side, the changing raw material and crude oil prices are the major factors hampering the global market for concrete floor coatings. Nevertheless, the growing popularity of biobased products is one of the biggest opportunities for the major players operating in the market.

Europe Concrete Floor Coatings Market to Register 6.30% CAGR from 2014 to 2020

Among the major geographical segments, the Asia Pacific market for concrete floor coatings is estimated to grow at a fast pace in the next few years. The rapid growth of this region can be attributed to the developing construction industry and rising awareness regarding the advantages it provides to floors and buildings. In addition, the rapid urbanization and economic development in this region are projected to contribute substantially towards the growth of the overall market. Moreover, the increasing number of concrete floor coating manufacturers are further fueling the growth of the market. 
 

On the other hand, the Europe market for concrete floor coatings is estimated to witness positive growth in the overall market. This region is estimated to exhibit a 6.30% CAGR between 2014 and 2020.

The global market for concrete floor coatings exhibits stiff competition, thanks to the growing number of players participating in the market. Some of the prominent players are The Valspar Corporation, Sherwin-Williams, PPG Industries, RPM International Inc., BASF SE, and DSM.

Research Press Release: http://www.transparencymarketresearch.com/pressrelease/concrete-floor-coatings-market.htm

Need for Protection against Thermal Shocks and Abrasions in Various Applications to Increase Popularity of Concrete Floor Coatings

Floor coatings form an integral part of the construction industry and are utilized in a wide range of floor coating applications. Floor coatings, especially concrete floor coatings, are a very important part of buildings. The key purpose of such coatings is the protection of slabs from deterioration, shocks, and contamination. In addition, these coatings also provide benefits such as chemical resistance, aesthetics, better physical performance, skid-free surface, and easy maintenance.

TMR, a market intelligence company, discusses the three major types of concrete floor coatings along with highlighting their key qualities and uses within a number of application areas. The three major types of concrete floor coatings are epoxy-based concrete floor coatings, polyaspartics-based concrete floor coatings, and others including polyurethane, etc.
 

• Epoxy-Based Concrete Floor Coatings: Epoxy coatings are extremely durable in nature and can be utilized for a number of purposes ranging from durable paints to strong adhesives, and coatings for metals and floors. These coatings are the most popular type of concrete floor coatings and are made via a chemical reaction utilizing a polymer hardener and an epoxide resin. The reaction of these two chemicals may take up to a few hours and helps in turning the liquid epoxy coating into an extremely durable and strong solid. Epoxy coatings are used within composite materials such as fiberglass and carbon fiber, industrial manufacturing plants, and a number of automotive, electrical, and marine applications.  Epoxy coatings are easy to apply and can be applied quickly as well and are extensively used in applications such as marine and automotive, container and metal can coatings, flooring applications, etc.

• Polyaspartics-Based Concrete Floor Coatings: These types of coatings, as per their proponents, may be applied at a variety of temperatures and comprise UV and super stain resistance. They are able to easily bond to almost all concrete surfaces and are able to bridge in small cracks owing to their flexibility. These coatings are primarily used in garage floors, commercial floors, countertop sealers, dyed flooring, etc. The major use of these coatings is within exterior structures such as bridges, where they are used to prevent corrosion.  For example , at the San Mateo-Hayward Bridge, which is a 7-mile crossing of the bay of San Francisco, each of the concrete piles and beams have three-part coatings of a polyaspartic top, an epoxy sealant, and a polyuria primer in order to prevent the bridge from UV degradation and for preventing barnacle growth.

• Polyurethane: Polyurethane is a thermosetting polymer and a high-performance coating. These coatings have greater wear resistance as compared to epoxy-based concrete floor coatings. Polyurethane also has superior performance in terms of chemical and abrasion resistance. It is UV-stable and thus doesn’t turn yellow over time, unlike epoxy coatings.  Even though polyurethane isn’t as consistent as epoxy coatings, it has great scratch resistance and tolerance for high temperatures. Polyurethane is applied to enhance the lifespan and appearance of products. It is utilized within the construction industry within concrete supports and building floors, which are spray coated for making them durable and economical to maintain. Polyurethane is also utilized in the aerospace industry for protecting external aircraft parts against extreme temperatures.

Source: http://www.transparencymarketresearch.com/concrete-floor-coatings-market.html