Concrete Floor Coatings Market Segmentation:
By Application
The global concrete floor coatings market is segmented and analyzed for demand and supply by application into residential, and non-residential. Out of the two types of applications, the residential segment is estimated to gain the largest market share of about 60% in the year 2035. The growth of the segment can be accredited to the growing demand for decorative coatings. The residential sector is a major end-user of decorative concrete floor coatings. Decorative coatings are increasingly popular owing to their ability to enhance aesthetics. For instance, according to a report, the demand for decorative concrete flooring in the US is projected to grow 6.2% annually to reach 371 million square feet in 2024. Concrete floor coatings are a popular choice for residential flooring owing to their durability and low-maintenance properties. There is a growing demand for eco-friendly coatings in the residential sector owing to increasing environmental concerns. Consumers are increasingly looking for sustainable options that are less harmful to the environment.
By Product
The global market for concrete floor coatings is also segmented and analyzed for demand and supply by-products into epoxy, polyurethanes, and polyaspartic. Amongst these three segments, the epoxy segment is expected to garner a significant share of around 30% in the year 2035. The growth of the segment can be accredited to its high performance and durability. Epoxy coatings are known for their high performance and durability, making them a popular choice for industrial and commercial applications. Epoxy coatings are versatile and can be used in a wide range of applications, from industrial flooring to decorative coatings for residential floors. This versatility has made epoxy coatings a popular choice among end-users. Epoxy coatings are easy to apply and can be used on a variety of surfaces, including concrete, metal, and wood. The ease of application has led to increased adoption of epoxy coatings in various applications. Epoxy coatings are a cost-effective solution for improving the durability and aesthetics of floors. The low cost and long lifespan of epoxy coatings make them an attractive option for end-users. All these factors are estimated to add to the segmental growth notably over the forecast period.
Our in-depth analysis of the global market includes the following segments:
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By Application |
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