Albany - NY, Oct. 20, 2015 (GLOBE NEWSWIRE) -- The extensive use of concrete floor coatings along with the expansion of the construction industry globally is playing a major role in amplifying the demand for concrete floor coatings. Growing consumer awareness towards floor coatings is also expected to have a positive mark on the market in the near future. According to the study report, epoxy-based concrete floor coating is likely to witness exponential growth over the forecast period. The epoxy-based concrete floor coatings segment dominated the global market with a 55% share of the total demand in 2013. A TMR analyst reports that Asia Pacific is estimated to register the highest demand for epoxy-based coatings in the forecast period due to its easy availability and low price.Strong growth of the construction industry and rising government expenditure on infrastructure improvement in regions such as North America, Asia Pacific, and Europe are some of the factors expected to drive the global concrete floor coatings market in the coming years. In 2013, North America was the largest market for concrete floor coatings, followed by Europe and Asia Pacific.
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The spur in demand for concrete floor coatings in Asia Pacific can be attributed to the overall expansion of the construction industry and widespread awareness about the benefits of floor coatings in the region. Asia Pacific is rapidly growing to be the largest regional market in terms of consumption and production of concrete floor coatings. The region has emerged as one of the key markets for concrete floor coating producers due to its increasing population, coupled with economic development and rapid urbanization in the overall region. Such factors have prompted various concrete floor coatings manufacturers to explore new horizons and establish new capacities in Asia Pacific.Europe, on the other hand, is another regional market with positive demand for concrete floor coatings. On the basis of revenue, the market in Europe is expected to grow at a 6.3% CAGR between 2014 and 2020.
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Concrete Floor Coatings Market - Product Segment Analysis
- Others (including acrylic, polyurethane, etc.)
Concrete Floor Coatings Market - Application Segment Analysis
Concrete Floor Coatings Market - Regional Analysis
- Rest of the World (RoW)
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Source:Transparency Market Research