Description
Concrete coating is a technology to change the appearance of a surface area to get the desired finish. The primary and the most common need for this coating is not only to enhance the aesthetics (as it enhances the shine of the applied surface), but also to help the concrete to last longer without the need for repair. The construction industry's continuous growth in both residential and commercial sectors creates a significant demand for concrete coatings. These coatings offer added protection and aesthetics to various concrete surfaces, making them an essential part of construction projects. Thus, the rising constructing industry is majorly fueling the concrete coatings market growth. On the other hand, the complicated and costly installation process would restrain the concrete coating market. The Concrete Coating Market is projected to grow at a rate of 5.5% CAGR by 2028.
The Concrete Coating Market is segmented as follows:
Concrete Coating Market based on Resin Type
• Acrylic
• Alkyd
• Epoxy
• Polyurethane
• Others
Concrete Coating Market based on Applications
• Residential
• Commercial
• Industrial
• Others
Concrete Coating Market based on Geography
• North America
• Europe
• Asia Pacific
• Rest of the World
On the basis of resin type, the concrete coating market is categorized into Acrylic, Alkyd, Epoxy, Polyurethane and Others. The epoxy segment is likely to account for a huge revenue share over the projected period. This is accredited to its environmental friendliness, extensive availability and being economical compared to other coating solutions. Epoxy concrete coatings are a best option for anyone seeking for beautiful and long-lasting flooring. To create a chemical bond with concrete, hardeners and polymer resins are blended together with several different color and decorative options available. A surface which is stronger than floor paint and can endure heavy traffic is one of the benefits of using an epoxy coating.
On the basis of applications, the key applications are Residential, Commercial, Industrial and Others. The industrial segment is anticipated to account for major revenue share in the global market over the forecast period due to rising usage to improve aesthetics and secure floors from corrosion and heavy surface wear. Every manufacturing plant deals with distinctive issues which call for specialized flooring solutions. Industrial epoxy and other high performance resinous floor coverings can enhance worker productivity in warehouses, industrial buildings, or factories, while also encouraging employee health and safety. Like various other design and technical challenges, the type of floor coating which should be chosen is highly influenced by environment at the job site.
As in the market for geographical analysis, the market is classified into North America, Europe, Asia Pacific and rest of the world. North America is one of the highest markets for concrete coatings, propelled by the existence of a huge construction industry and surging demand for decorative coatings. The United States is the leading player in this region, followed by Canada and Mexico.
Globally, decorative concrete coatings are continuing to gain popularity in both residential and commercial applications. The trend towards customized and visually appealing concrete surfaces, such as stamped concrete, stained concrete and textured finishes, drives the global demand for decorative coatings and as well as the global concrete coating market growth.
This report covers the top companies of concrete coating market - The Sherwin-Williams Company, Mapei S.p.A., Akzo Nobel N.V., Clemons Concrete Coatings, Saint-Gobain Weber, Sika Corporation, Fosroc, Teknos, Parex and The Euclid Chemical.
As a result, the concrete coating market continues to grow due to the increasing demand for sustainable and durable construction materials. As construction activities expand and the need for protective and aesthetically pleasing surfaces rises, the demand for concrete coatings is expected to rise in various sectors.
• This report includes number of factors which are driving the growth and impeding the growth of concrete coating market.
• The report features the competitive outlook of the key vendors which include the dynamic strategies such as product innovation, partnerships, merger & acquisitions and joint ventures of the key vendors of the concrete coating market.
• This report also features the SWOT analysis, portfolio analysis, and capability analysis of the significant players of the concrete coating market.
• This report focuses on the quantitative analysis of the concrete coating market which enables users to understand the actual facts of the market among four major regions.
Concrete Coating Market Forecast up to 2028
Table of Contents
1. Executive Summary
2. Industry Outlook
2.1. Industry Overview
2.2. Industry Trends
3. Market Snapshot
3.1. Market Definition
3.2. Market Outlook
3.2.1. Porter Five Forces
3.3. Related Markets
4. Market characteristics
4.1. Market Overview
4.2. Market Segmentation
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. DRO - Impact Analysis
5. Resin Type: Market Size & Analysis
5.1. Overview
5.2. Acrylic
5.3. Alkyd
5.4. Epoxy
5.5. Polyurethane
5.6. Others
6. Applications: Market Size & Analysis
6.1. Overview
6.2. Residential
6.3. Commercial
6.4. Industrial
6.5. Others
7. Geography: Market Size & Analysis
7.1. Overview
7.2. North America
7.3. Europe
7.4. Asia Pacific
7.5. Rest of the World
8. Competitive Landscape
8.1. Competitor Comparison Analysis
8.2. Market Developments
8.2.1. Mergers and Acquisitions, Legal, Awards, Partnerships
8.2.2. Product Launches and execution
9. Vendor Profiles
9.1. The Sherwin-Williams Company
9.1.1. Overview
9.1.2. Financial Overview
9.1.3. Product Offerings
9.1.4. Developments
9.1.5. Business Strategy
9.2. Mapei S.p.A.
9.2.1. Overview
9.2.2. Financial Overview
9.2.3. Product Offerings
9.2.4. Developments
9.2.5. Business Strategy
9.3. Akzo Nobel N.V.
9.3.1. Overview
9.3.2. Financial Overview
9.3.3. Product Offerings
9.3.4. Developments
9.3.5. Business Strategy
9.4. Clemons Concrete Coatings
9.4.1. Overview
9.4.2. Financial Overview
9.4.3. Product Offerings
9.4.4. Developments
9.4.5. Business Strategy
9.5. Saint-Gobain Weber
9.5.1. Overview
9.5.2. Financial Overview
9.5.3. Product Offerings
9.5.4. Developments
9.5.5. Business Strategy
9.6. Sika Corporation
9.6.1. Overview
9.6.2. Financial Overview
9.6.3. Product Offerings
9.6.4. Developments
9.6.5. Business Strategy
9.7. Fosroc
9.7.1. Overview
9.7.2. Financial Overview
9.7.3. Product Offerings
9.7.4. Developments
9.7.5. Business Strategy
9.8. Teknos
9.8.1. Overview
9.8.2. Financial Overview
9.8.3. Product Offerings
9.8.4. Developments
9.8.5. Business Strategy
9.9. Parex
9.9.1. Overview
9.9.2. Financial Overview
9.9.3. Product Offerings
9.9.4. Developments
9.9.5. Business Strategy
9.10. The Euclid Chemical
9.10.1. Overview
9.10.2. Financial Overview
9.10.3. Product Offerings
9.10.4. Developments
9.10.5. Business Strategy
10. Analyst Opinion
11. Annexure
11.1. Report Scope
11.2. Market Definitions
11.3. Research Methodology
11.3.1. Data Collation and In-house Estimation
11.3.2. Market Triangulation
11.3.3. Forecasting
11.4. Report Assumptions
11.5. Declarations
11.6. Stakeholders
11.7. Abbreviations