Million Insights Market Research Released A New Research Report On Global North America Concrete Floor Coatings Market - Forecast Up To 2025. Report Provide Overview Of Top Key Players, Share Analysis, Size, Stake, Progress, Trends And Their Strategic Profiling In The Market, Comprehensively Analyzing Their Core Competencies, And Drawing A Competitive Landscape For The Market.
Pune, India - North America Concrete Floor Coatings Market demand was held at 214.3 kilo tons in 2013. Concrete floor coatings provide excellent resistance against high temperature, wear and tear to indoor & outdoor areas in commercial and residential buildings. Recovery of the construction industry in the U.S. is likely to drive the concrete floor coatings market over the years ahead. Positive outlook towards construction industry in Mexico, as a consequence of rising expenditure by government to improve infrastructure is likely to have a positive impact on the market. The Mexican government allocated USD 297 Billion to develop domestic energy sector, which includes 124 projects to establish natural gas pipelines and power plants under the initiatives of “National Infrastructure Program 2014-2018”.
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Epoxy, polyaspartic, and polyurethanes are the major product categories. Epoxy coatings segment accounted for the largest industry share and is likely to remain dominant in the future, owing to its low cost. These products have excellent properties such as resistance to chemical and heat, electric insulation and good adhesion. The above-mentioned attributes along with relatively low cost are likely to boost the consumption of epoxy coatings during the forecast period. However, ineffectiveness of these products on exposure to UV is expected to adversely affect the industry growth. Polyaspartic coatings are projected to offer favorable growth prospects, owing to their properties such as better UV protection and good resistance to wear & tear and abrasion. Other product categories include polyuria and acrylic coatings. Development of bio based polyurethaneis likely to open new avenues in the industry during the forecast period for polyurethane coatings in the upcoming six years.
Indoor applications accounted for more than 60% share of the total industry in 2013. Significant infrastructure activities coupled with the revival of the construction sector in the U.S. are likely to boost product consumption during the forecast period. Outdoor segment is likely to be the fastest in the North America region, over the years ahead.
U.S. held the largest demand for concrete floor coatings in2013. This trend is likely to continue during the forecast period. Significant infrastructure activities pertaining to the residential and commercial construction sectors in the U.S., is likely to increase the product consumption over the years ahead. Growth of core industrial sectors such as oil & gas, food and beverage, pharmaceutical, FMCG and automotive is likely to provide scope for noteworthy usage of the product.
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This report segments the global North America Concrete Floor Coatings Market on the basis of Types are:
On the basis of Application, the Global North America Concrete Floor Coatings Market is segmented into:
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