North America Concrete Floor Coatings Market Size, Share & Trends Analysis Report By Product (Acrylic, Epoxy, Polyurethane, Polyaspartic), By Application (Outdoor, Indoor), By Region, And Segment Forecasts, 2022 - 2030

Market Segmentation

• North America Concrete Floor Coatings Product Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)
  • Epoxy
  • Polyurethane
  • Polyaspartic
  • Acrylic
  • Others
• North America Concrete Floor Coatings Application Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)
  • Indoor
  • Outdoor
• North America Concrete Floor Coatings Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)
  • North America
    • North America Concrete Floor Coatings Market by Product
      • Epoxy
      • Polyurethane
      • Polyaspartic
      • Acrylic
      • Others
    • North America Concrete Floor Coatings Market by Application
      • Indoor
      • Outdoor
    • U.S.
      • U.S. Concrete Floor Coatings Market by Product
        • Epoxy
        • Polyurethane
        • Polyaspartic
        • Acrylic
        • Others
      • U.S. Concrete Floor Coatings Market by Application
        • Indoor
        • Outdoor
    • Canada
      • Canada Concrete Floor Coatings Market by Product
        • Epoxy
        • Polyurethane
        • Polyaspartic
        • Acrylic
        • Others
      • Canada Concrete Floor Coatings Market by Application
        • Indoor
        • Outdoor
    • Mexico
      • Mexico Concrete Floor Coatings Market by Product
        • Epoxy
        • Polyurethane
        • Polyaspartic
        • Acrylic
        • Others
      • Mexico Concrete Floor Coatings Market by Application
        • Indoor
        • Outdoor

North America Concrete Floor Coatings Market Dynamics

Driver: Growing Construction Industry in The U.S.

Increasing construction spending in the U.S. is anticipated to elevate the penetration of residential, commercial, and industrial structures. Rising penetration of buildings as well as non-building structures is anticipated to fuel the concrete floor coatings over the forecast period. Therefore, construction industry growth in the U.S. is expected to remain an important driver over the forecast period. Concrete floor coatings are used for providing high-temperature resistance to indoor and outdoor areas as well as for protecting floors in commercial and residential buildings against wear & tear. These coatings are also used for protecting the floors of non-building structures in the power, metal, and environmental protection industries.

Construction spending in the U.S. is expected to increase over the forecast period owing to economic development. The country is characterized by a low-risk environment, a stable economy, and a robust financial sector. These factors have provided a multitude of opportunities for investors in recent years, which are likely to trigger infrastructure spending in the country. This, in turn, is projected to positively impact the demand for concrete floor coatings in the U.S. construction industry.

Driver: Infrastructure Improvement in Mexico

Population growth, urbanization, and rising disposable income in Mexico have played an important role in increasing manufacturing in the automotive, construction, energy, and personal care industries. In addition, low manufacturing costs and its vicinity to the U.S. have resulted in increasing the importance of Mexico as a manufacturing hub for automobile, oil & gas, electronics, personal care, and pharmaceutical sectors. Automotive industry growth in Mexico on account of increasing foreign direct investments by Nissan, Renault, Mazda, and Toyota has played an important role in increasing GDP growth in the domestic manufacturing sector.

In October 2020, the Mexican government announced that USD 14.2 billion has been made as an infrastructural investment in cooperation with the private sector companies for 29 projects as part of Acuerdo para la Recuperación Económica (Economic Recovery Agreement). This announcement shows an interest between the private companies and the government in developing the infrastructure of Mexico. The announcement of infrastructural development in Mexico is anticipated to promote the demand for concrete floor coatings over the forecast period.

Restraint: Growing Demand for Substitution Coatings Such as Soft Coverings and Resilient Floorings

 The emergence of flooring solutions such as soft coverings and resilient floorings is anticipated to remain a major market restraint for concrete floor coatings in the future. Resilient flooring is a mixture of color, binders, and fillers. Majorly used resilient flooring includes cork, wood, rubber, vinyl, asphalt, and linoleum. These flooring solutions are waterproof, cost-effective, durable, and low maintenance in nature. Above mentioned types of floors are gaining popularity as they are easier to install and require relatively less skilled labor for installation as compared to concrete floors.

Hardwood floors are durable as well as easy to lay and fix together; thus, they are preferred by customers willing to install the floor themselves. Wood floors are designed with natural wood as the component and thus offer a high degree of versatility. The flooring is stain-resistant and requires very little routine maintenance. Furthermore, tiles can be made of ceramics or stones and are easier to install. They can also be replaced easily and are available in a wide variety of colors and designs for the customer to choose from.

What Does This Report Include?

This section will provide insights into the contents included in this north america concrete floor coatings market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

North America concrete floor coatings market qualitative analysis

• Industry overview

• Industry trends

• Market drivers and restraints

• Market size

• Growth prospects

• Porter’s analysis

• PESTEL analysis

• Key market opportunities prioritized

• Competitive landscape

  • Company overview

  • Financial performance

  • Product benchmarking

  • Latest strategic developments

North America concrete floor coatings market quantitative analysis

• Market size, estimates, and forecast from 2019 to 2030

• Market estimates and forecast for product segments up to 2030

• Regional market size and forecast for product segments up to 2030

• Market estimates and forecast for application segments up to 2030

• Regional market size and forecast for application segments up to 2030

• Company financial performance