Building & Construction Market Research News

North America concrete floor coatings market set to grow by 2020 according to forecasts

North America concrete floor coatings market is expected to reach USD 1.01 billion by 2020. Construction industry growth in the U.S.

- Advertisement -
- Membership expired -

post the Great Recession in 2008 - 2009, along with expansion of the domestic aerospace and energy sectors are anticipated to fuel concrete floor coatings demand over the forecast period. Introduction of the "National Infrastructural Plan (NIP)" by the government of Mexico, which is aimed at promoting residential and commercial infrastructure, is likely to augment market growth.

The government plans to invest USD 590 billion over a period of four years between 2014 and 2018.

Indoor was the largest application segment, accounting for over 60% of the North American concrete floor coatings market volume in 2013. Housing sector growth in the U.S.

and Canada is anticipated is expected to fuel concrete floor coatings demand in indoor applications over the forecast period.

- Advertisement -
- Membership expired -
However, outdoor coatings are anticipated to witness fastest growth over the next six years owing to new product launches at competitive prices.

Furthermore, rising consumer awareness regarding protection of exteriors to boost life span of the structure is expected to drive market growth during the projected period.

Report: http://www.radiantinsights.com/research/north-america-concrete-floor-coatings-market-analysis-by-product-epoxy-polyaspartics-by-application-indoor-outdoor-and-segment-forecasts-to-2020 Make an Inquiry about this news

Further key findings from the study suggest:

  • North America concrete floor coatings market demand was 214.3 kilo tons in 2013 and is expected to reach 329.0 kilo tons by 2020, growing at a CAGR of 6.3% from 2014 to 2020
  • Epoxy dominated the North America concrete floor coatings market, accounting for over 50% of the overall volume in 2013. Low cost of epoxy resin as compared to its counterparts is anticipated to have a positive impact on market growth in the near future.
  • Polyaspartics concrete floor coatings are expected to witness fastest growth over the forecast period owing to their superior properties including U.V. protection, fast curing and high temperature range
  • North America concrete floor coatings market was dominated by four companies' viz., Sika, BASF, General Polymers and Stonhard together accounting for over 40% of total market share in 2013. Other market participants include PPG, Tennant Company, Pratt & Lambert Paints, Elite Crete System, Behr Process Corporation, Bayer and DuPont

Report: http://www.radiantinsights.com/catalog/chemicals Make an Inquiry about this news.

North America Concrete Floor Coatings Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)

  • Epoxy
  • Polyurethanes
  • Polyaspartics
  • Others

North America Concrete Floor Coatings Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)

  • Outdoor
  • Indoor

North America Concrete Floor Coatings Country Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)

  • Canada
  • Mexico

 

For more information:

Make an Inquiry about this report HERE! Make an Inquiry about this news
  • www.radiantinsights.com
  • www.radiantinsights.com/research/north-america-concrete-floo…
  • www.radiantinsights.com/catalog/chemicals
  • www.terrapass.org

News From

Radiant Insights - Market ResearchRadiant Insights
Category: Market Research Publishers and RetailersCompany profile: Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as ...