Global Concrete Floor Coatings Market to Grow at a CAGR of Nearly 6% by 2031: Fact.MR

NEW YORK, Jan. 13, 2022 /PRNewswire/ -- The global concrete floor coatings market is expected to grow at a close to 6% CAGR (value) through 2031, according to Fact.MR. As the construction sector recovers from the impact of the COVID-19 epidemic in 2020, key businesses are anticipating a boost in demand for concrete floor coatings in the near future. With an increase in demand for both indoor and outdoor applications, concrete floor coating manufacturers have seen continuous growth in demand.

The United States is the world's second-largest market of concrete floor coatings, North America, is in the spotlight for suppliers and manufacturers. The construction industry's exponential growth, as well as several government laws and initiatives for this sector, are expected to push growth in the United States over the forecast period.

While demand for epoxy-based coatings has risen, sales of concrete floor coatings have increased in recent years due to the expansion of the construction and building industry.

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Building America Program has been a source of advancements in the residential building business in America, according to the US Department of Energy (DOE).

According to DOE, the Building Technologies Office in America awarded US$ 26.3 million to 40 competitively selected projects, led by 29 organizations, to pursue innovations that can advance BTO's Advanced Building Construction (ABC) goals with energy-efficient technologies and practices activities on February 10, 2020.

Such activities are assisting the building and construction industry's constant growth, which is fueling sales of concrete floor coatings.

"Steady growth of the building & construction industry has been fueling the sales of concrete floor coatings, especially epoxy-based coatings, since the past decade," says a Fact.MR analyst.

Key Takeaways:

Growth Drivers:

Key Restraints:

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Competitive Landscape:

The global concrete floor coatings market provides key players with a fiercely competitive environment.

Key players are investing substantially and focusing on launching higher-quality items in order to maintain their position in the face of fierce competition.

For example,

More Valuable Insights on Concrete Floor Coatings Market

Fact MR provides an unbiased analysis of the concrete floor coatings market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global concrete floor coatings market with a detailed segmentation on the basis of:

Application

Product

Region

Key Questions Covered in the Concrete Floor Coatings Market Report 

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