Asia Pacific Concrete Floor Coatings Market is projected to growth at a CAGR of 8% by 2024
Date: 2019-05-20   Author: Rahul Varpe  Category: #market

Asia Pacific Concrete Floor Coatings Market is projected to growth at a CAGR of 8% by 2024

Concrete Floor Coatings Market in Asia Pacific is projected to have highest growth around 8% CAGR. The growth will be attributed to the ever-growing construction business in the emerging economies such as India, China and Japan. In 2015, North America generated over USD 300 million for the product market. Factors such as rising remodeling and renovation practices in residential sector, robust automotive, pharmaceuticals and hospitality industries will rouse demand for product in the flooring applications.

Global concrete floor coatings market will be primarily driven by the escalating construction industry, especially in the BRICS countries by 2024. In 2015, the total construction industry valuation in BRICS countries was about USD 2.5 trillion which is expected to surpass USD 8 trillion in the forecast period with CAGR up to 11%. This trend portrays brighter growth aspects for the product market by 2024.

Request for a sample copy of this report @
https://www.gminsights.com/request-sample/detail/1431     

Concrete floor coatings offer superior resistance in severe climatic circumstances, abrasions and wear & tear, owing to which it will witness significant demand across the commercial and residential construction structures. Also, by 2024, the flooring Market is projected to observe nearly 6% CAGR gains globally, which will consequently boost the concrete floor coatings market in the near future.

The concrete floor coatings market might witness a restraint to its growth in the near future, which is the fluctuating petrochemical price trends. This might affect the business negatively, since the petrochemical derivatives are the foremost raw materials used in the product market. Also, strict regulations concerning the product applications in the food processing units and the pharmaceutical laboratories hamper the industry growth by 2024. Still, the bio-based product development engagements by the manufactures are likely to unveil new opportunities for the product market in the forecast period.

The epoxy coatings segment generated over USD 400 million in 2015. Compared to the other variants, the epoxy coatings are lower in cost and bear high demand from the end-use industry applications such as infrastructure, residential structures and manufacturing facilities for its resistive properties against chemicals and abrasion. Following this trend, the product will have an impressive grow in the forecast timespan.

Make an Inquiry for Purchasing this Report @
https://www.gminsights.com/inquiry-before-buying/1431      

Owing to the unique characteristics of providing protection from injurious UV rays, polyaspartics segment is forecasted to have gains over 7% CAGR by 2024 for outdoor applications. Moreover, encouraging government initiatives for using bio-based raw materials in coatings will further drive the polyurethane concrete floor coatings in the future years.

Globally increasing government expenditure towards the improvisation of public sector infrastructure in the recent years has influenced the demand for product in true sense. For the outdoor applications, concrete floor coatings market is set to observe gains over 6.5% in the forecast period.

In case of the indoor application segment, the rise in residential and commercial sector construction projects coupled with the increasing consumer awareness for implementing flooring solutions to enhance floor life will propel the product growth by 2024.

Key players in Concrete Floor Coatings Market are Royal DSM N.V., BASF SE, The Sherwin-William Company, DAW SE, RPM International Inc., PPG Industries Inc., Sika Corporation, The Valspar Corporation, Behr Process Corporation, Nippon Paint Co. Ltd., Henkel Corporation, Rodda Paint Co., Vanguard Concrete Coating, The Stonhard Group and Epmar Corporation.

Browse Report Summery @
https://www.gminsights.com/industry-analysis/concrete-floor-coatings-market    

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone:1-302-846-7766

Toll Free: 1-888-689-0688

Email: [email protected]     

Web: https://www.gminsights.com/



About Author


Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for AlgosOnline. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. ...

Read More

More from Rahul


Post Recommendents

Trade Finance Market to Witness Growth Acceleration During 2018-2023
Author: Partha Ray

A recent report added by Market Study Report, LLC, on ' Trade Finance Market' provides a detailed analysis on the industry size, revenue forecasts and geographical landscape pertaining to this business space. Additionally, the report highlights pr...


USB 3.0 Cameras Market Comprehensive Analysis, Growth Forecast from 2018 to 2023
Author: Partha Ray

The research report on Global USB 3.0 Cameras Market provides up-to-date industry trends, the present market scenario, and the market forecast during 2018-2023. The complete analysis of USB 3.0 Cameras market on the global scale provides key detai...


Global In-Store Logistics Systems Market is anticipated to grow at a strong CAGR by 2023
Author: Partha Ray

A concise report on ' In-Store Logistics Systems market' Added by Market Study Report, LLC, features latest statistics and facts about market size, profit estimation and geographical spectrum of this industry. Furthermore, the report elucidates ma...