Concrete Floor Coatings Market Global Industry Analysis Forecast 2014 – 2020

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Floor coatings are an important facet of the construction industry. These are used in a broad range of floor coating applications. Commercial applications of concrete floor coatings include outdoor applications (garage floors, walkways, patios, etc.) and indoor applications (residential floor coatings, commercial floors, industrial floors, restraints, etc.). In terms of revenue, the global concrete floor coatings market was valued at USD 745.8 million in 2013 and is expected to reach USD 1,176.9 million by 2020, growing at a CAGR of 6.8% from 2014 to 2020.

The demand for concrete floor coatings is primarily led by growth in the construction industry and increasing awareness about floor coatings globally. Growth in urbanization and population in countries in Asia Pacific has provided an impetus to the demand for concrete floor coatings in the region. Growth in construction activities pertaining to commercial and residential sectors is expected to drive the demand for concrete floor coatings in the region. Recovering construction sector in developed economies is another important factor driving the growth of global concrete floor coatings. The construction industry in countries such as the U.S. has witnessed an up shift of late. This has further increased demand for concrete floor coatings, especially for outdoor applications, in the region.

North America and Asia Pacific were the major markets for concrete floor coatings in 2013. With over 29% share in total consumption, Asia Pacific was the second largest regional market for concrete floor coatings in 2013. Leading manufacturers of concrete floor coatings have concentrated on capacity expansion in Asia Pacific to increase their production capacities. Recent growth in the construction industry is expected to be the major factor driving demand for concrete floor in the region. Thus, growing awareness about the importance of floor coatings in developed as well as emerging economies is expected to drive the demand for concrete floor coatings in the next few years.
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