Bangalore, India: With its recently published study “Concrete Coating Market: Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2022”, Infoholic Research forecasts that the increasing infrastructural activities in the emerging regions shall be forming the path for various advanced construction materials and concrete coatings. Concrete coating is one of the decorative and functional solutions for buildings, increasing its exposure in the global economy. Concrete coating is a simple topical concrete sealer that forms protective films to the top of a cementitious surface without any chemical reaction. It improves the traction and changes the appearance by imparting a shining layer on the applied surface.
Concrete coating is a part of the architectural coating solutions that have significant use in the residential sector, where it is applied to surfaces to reduce the level of friction along with imparting a glow.
The increasing modernization in the economy expanded the market of various advanced materials, where concrete coating finds its extensive use. The improving economic situation in developing countries would also increase the market potential, giving boost to the expected market growth. This trend is expected to continue during the forecast period 2016–2022, to further improve the concrete coating market at a CAGR of 7.3% and take it to $33.19 billion by 2022.
Currently, Asia Pacific dominates the market for concrete coating and provides a proof for major and rapid transformation in infrastructure developments. The region has grown rapidly in the past decades and is continuing to grow. The market has an advantage of the presence of big manufacturing units and growth in the economy. The region is dominating in both value and volume terms, and is being followed by developed regions such as Europe and North America. Developed regions, such as Europe, which are home to various advanced infrastructural solutions have the advantage of high social awareness among the people. This dominance trend of Asia is expected to continue during the forecast period while the underdeveloped countries are expected to witness a higher penetration, thus pushing the concrete coating market.
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In the overall concrete coating industry, the acrylic resin finds higher utilization owing to its cheap price, easy availability, and high-performance. Thus, acrylic resin accounts for a major market share in concrete coating and is followed by alkyd. The contribution from these two is expected to increase exponentially over the years, generating much higher revenues for overall concrete coating market in the future.
“Concrete coating is a simple topical concrete sealer that forms protective films to the top of a cementitious surface without any chemical reaction. It can almost always change the surface texture by improving the traction and changing the appearance via imparting a gloss. The growth in infrastructure and modernization across the world along with the changing economic scenario, especially in developing countries, shall drive the growth for the concrete coating market in the coming years.”– Pooja Kumari, Research Analyst.
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The key insights of the report are as follows:
- Global concrete coating market has been analyzed based on the following resin types:
- The study constitutes a classification based on the following applications:
- Industry outlook: Market trends, drivers, restraints, and opportunities
Ms. Sunanda Ganguli
Infoholic Research LLP