According to the report analysis, ‘CONCRETE COATING MARKET – GLOBAL DRIVERS, RESTRAINTS, OPPORTUNITIES, TRENDS, & FORECAST UP TO 2022’ states that there are several key players which are recently functioning in this market more effectively for leading the fastest market growth and highest market share across the globe with the effective developments in the utilization of this technology includes RPM International, Sherwin-Williams, Technokotes, Akzonobel N.V, Axalta Coating systems, and several others. In addition, the key players of this market are doing effective developments in the technology and investing the huge amount of money in the relatable research and development programs for leading the fastest market growth and developing the demand for this during the forecasted period around the globe.
The technology of concrete coating is to transform the existence of a surface area to get the desired finish. A concrete coating supports to accomplish the surface of the concrete and builds up and safeguards over and done with the layers of the coatings. The principal and the most mutual requirement for this coating is not only to improve the aesthetics (as it improves the shine of the applied surface), but also to support the concrete to last longer without the need for repair. Based on the resin used, this coating is frequently divided into acrylic, epoxies, urethanes, and polyaspartics. Acrylic and alkyd-based concrete coatings are the two important categories in the overall coating resin market, which have superior market share, whereas epoxy, and PU are following in the market. Moreover, the key players of this market are doing effective developments in the technology which further enhance the usage of this and increase the demand for leading the highest market share across the globe with the effective market growth more significantly in the coming years.
Additionally, according to research, the global concrete coating market is predictable to grow at an effective CAGR of 7.3% during the forecast period to reach USD 33.19 billion by 2022. Whereas, with the effective working of the key players and huge amount of investment in the development of technology the market is spread across the globe which includes Asia Pacific region, Europe, North America and Rest of the World. The market has an improvement of bigger market share impending from China and India for the progressive building & construction technology. This bounces Asia Pacific a lead in the global concrete coating market. Apart from this, the European countries are also emerging great demand following Asia Pacific due to the higher consumer recognition and large construction units. North America followed Europe and became the third principal market for concrete coating with substantial industrialization and customer acceptance. Huge infrastructure and great consumer expenditure in North America and Europe is cumulative the market of concrete coating.
In addition, the Middle East & African countries are predictable to show an extraordinary growth rate during the forecast period owing to their accumulative industrialization and higher market dissemination. Therefore, in the near future it is expected that the market of concrete coating will increase across the globe more significantly over the recent few years.
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Ankur Gupta, Head Marketing and Communications