The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The concrete floor coatings market has experienced robust growth, progressing from $1.63 billion in 2023 to an anticipated $1.77 billion in 2024, reflecting a noteworthy compound annual growth rate (CAGR) of 8.9%. This surge is attributed to heightened commercial construction projects, evolving design trends, increased emphasis on durability, and a growing focus on environmental sustainability.

Future Growth Prospects:

The concrete floor coatings market is poised for strong growth, projecting an increase to $2.49 billion by 2028, with an identical CAGR of 8.9%. The forecasted expansion is underpinned by circular economy practices, emerging market demand, a rising need for resilient and low-maintenance flooring, safety requirements, and the flourishing real estate sector.

Building, Construction, And Renovation Projects Fueling Growth In The Concrete Floor Coating Market

Rising Renovation and Construction:

The surge in building, construction, and renovation projects emerges as a primary driver for the concrete floor coating market. Whether revitalizing existing structures or erecting new ones, concrete floor coatings find extensive use in commercial, industrial, and residential construction and renovation activities.

Market Statistics:

According to the United States Census Bureau, construction spending in the US witnessed an increase from $1,469.2 billion in 2020 to $1,589 billion in 2021. Concurrently, the Remodeling Market Index (RMI) in the US, reported by the National Association of Home Builders, increased to 87 during the third quarter of 2021, showcasing a robust growth trend.

Advancements In Concrete Floor Coatings Market With Surface Temperature-Limiting Technology

Technological Leap:

Leading companies in the concrete floor coatings market are steering towards innovative solutions, notably the incorporation of surface temperature-limiting technology. PPG Industries Inc., for instance, unveiled a line of coatings featuring cool surface technology that can limit surface temperatures by up to 20 percent, offering protection for bare feet and paws on various surfaces.

Seal For Life Industries Expands Its Portfolio With Acquisition Of Mascoat Ltd. And Verdia, Inc.

Strategic Acquisitions:

In a strategic move, Seal for Life Industries, backed by Arsenal Capital Partners, acquired Mascoat Ltd. and Verdia, Inc. in January 2022. The acquisition is geared towards enhancing Seal for Life Industries’ position in protective sealing and coating solutions for global infrastructure markets. Mascoat Ltd. specializes in thermal insulation coatings, while Verdia, Inc. focuses on polyurethane concrete flooring systems.

Market Segmentation and Regional Dominance

Segmentation Overview:

The concrete floor coatings market is segmented based on products (Epoxy, Polyaspartic, Acrylic, Polyurethane, Other Products), components (One-component, Two-component, Three-component, Four-component), applications (Outdoor, Indoor), and end-use sector (Residential, Commercial, Industrial).

Regional Dynamics:

Asia-Pacific secured its position as the largest region in the concrete floor coatings market in 2023. Looking ahead, North America is expected to emerge as the fastest-growing region, highlighting its pivotal role in steering market expansion.

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The Concrete Floor Coatings Global Market Report 2024  provides comprehensive insights on the concrete floor coatings market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the concrete floor coatings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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