According to the Graphical Research new growth forecast report titled Europe Concrete Floor Coatings Market growth will surpass USD 460 million by 2026. The Europe concrete floor coatings market is projected to grow significantly owing to the surging demand for floor coatings in the industrial construction industry. Concrete floor coatings enhance aesthetics and appearance of the floors. Concrete floor coatings provide properties such as chemical resistance, corrosion resistance, and protection against UV rays. Due to these properties, they are widely used in industrial and commercial sectors, fueling the concrete floor coatings market. The concrete flooring coatings are reliable, durable, and incredibly long-lasting.
Stringent government regulations may restrict the growth of the concrete floor coatings market due to VOC emissions from some of the floor coatings. However, increasing developments in reducing VOC emissions and toxic levels from the concrete floor coatings by major players, such as Henkel and BASF, are expected to boost the sales of eco-friendly concrete floor coatings in the region, thereby contributing significantly to the global market. Increasing focus on reducing the product prices is predicted to drive this market in the eastern Europe, as most of the countries in that region are price sensitive and inclined toward cheaper products and solutions. The effects of BREXIT and GREXIT are exactly still unknown on the Europe construction industry.
Furthermore, with high investments by the UK and Russia in the aerospace sector, the market will have a significant demand in flooring in the aerospace industry over the forecast timespan. Furthermore, the rising need for the tough flooring chemical industry and other industries working under elevated temperatures is further expected to increase the product demand rapidly.
The growing application scope of floor coatings in industrial and commercial applications on account of providing heat and wear resistance is expected to drive the market demand in indoor applications over the next six years. The increasing application of floor coatings in outdoor areas, such as stairs, garage floor, basements, and walkways, is expected to fuel concrete floor coatings demand in outdoor applications.
Some of the prominent players operating in the Europe concrete floor coatings industry are Royal DSM N.V., BASF SE, PPG Industries Inc., Henkel Corporation, RPM International Inc., Nippon Paint Co. Ltd., Sika Corporation, Valspar Corporation, Epmar Corporation, Vanguard Concrete Coating, The Sherwin-William Company, and The Stonhard Group among others.
Europe concrete floor coatings market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2026 for the following segments:
Market Share, By Product
Market Size, By Component
Market Trends, By Application
Market Forecast, By End-user
The above information is provided on a country basis for the following: