US Concrete Floor Coatings Market

US concrete floor coatings market is projected to grow at higher CAGR during the forecast period due to increasing demand for coating as a protective medium in the flooring sector. Coating solutions are used in various functional areas in buildings and facilities.

Introduction of the US Concrete Floor Coatings Market Report
Concrete coating is the covering, normally liquid or semi-liquid, that is applied to fixed concrete for aesthetic reasons and to create the structure or surface to last longer and decrease maintenance and repair costs. For instance, a protecting and aesthetic coating such as paint can provide color and a softer surface to concrete flooring while protecting from wear, abrasion, reinforcement corrosion, and severe environmental conditions. Another type of concrete floor coating can protect them from daily traffic wear or make them slip-resistant and easier to maintain.

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Market Dynamic
Key Drivers and Emerging Trends
The factors driving the US Concrete Floor Coatings market include increasing demand for coating as a protective medium in the flooring sector. Coating solutions are used in various functional areas in buildings and facilities, such as industrial floors with mechanical and chemical resistance, floors and walls in cleanroom environments, and decorative floors and walls in commercial and residential buildings. According to the American Coating Association, in 2020, the US paint and coatings industry contributes in a significant way to the nation’s economy by exporting over USD 2.2 billion in coating products. The region’s growing residential, commercial, and industrial infrastructure will boost concrete floor coatings market growth. According to the US Department of Housing and Urban Development, in November 2021, privately-owned housing units authorized by building permits were at 17,12,000. This was 3.6% above the revised October rate of 16,53,000.

Restraint in the US Concrete Floor Coatings Market
However, concrete floor coating is a temporary flooring solution. Though durable and resistant, it has to be replaced eventually. Cracks can develop, and chipping is a prevalent issue. This factor can act as a restraint and hamper market growth.

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Product – Segment Analysis
Based on the product, the epoxy segment is anticipated to grow at a higher CAGR during the forecast period. Epoxy floor coatings are typically employed for commercial and industrial flooring. Epoxy coating is generally applied over the concrete floor to deliver a high-performance, smooth, long-lasting surface that resists heavy loads for many years. Many industrial sites, warehouses, and commercial buildings depend on epoxy floors to preserve clean and safe conditions for workers, equipment, and inventory.

End-Users – Segment Analysis
Based on the end-users, the commercial segment is predicted to grow at a higher CAGR during the forecast period. Commercial facilities such as hotels, restaurants, schools, hospitals, and stadiums require hard-wearing, durable, resilient flooring solutions. The increasing public construction spending will boost the market during the forecast period. According to the US Census Bureau, in October 2021, the estimated seasonally adjusted annual rate of public construction spending was USD 353 billion, 1.8% above the revised September 2021 estimate of USD 346.8 billion.

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Key Developments:

• • In 2021, Sika AG announced the merger of Butterfield Color and Scofield to create a harmonized line of decorative concrete products knowns as Sika Color, Sika Cem, and Sika Stamp.
  • In 2020, PPG Industries, Inc. launched the PPG flooring coating, a comprehensive line of a coating system that includes prime coat, base coat, and topcoat to provide optimum performance based on the specific work environment.

Segments covered in the Report:
The US concrete floor coatings market has been segmented on the basis of product, application, end-users. Based on product, the market is segmented into epoxy, polyaspartic, acrylic and polyurethane. Based on application, the market is segmented into indoor, and outdoor. Based on end-users, the market is segmented into residential, commercial, and industrial.

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Key questions answered in this research report:

• • At what pace is US Concrete Floor Coatings market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in US Concrete Floor Coatings market? What will be the impact of drivers and restraints in the future?
  • Which Product generated maximum revenues in 2020 and identify the most promising Product during the forecast period?
  • What are the various application areas of US Concrete Floor Coatings market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

US Concrete Floor Coatings Market by Product

• • Epoxy
  • Polyaspartic
  • Acrylic
  • Polyurethane

US Concrete Floor Coatings Market by Application

• • Indoor
  • Outdoor

US Concrete Floor Coatings Market by End-Users

• • Residential
  • Commercial
  • Industrial