Concrete floor coating is the covering applied to cured concrete in order to make the surface last longer by utilizing the anti-corrosion property. Advantages of using concrete floor coatings include esthetic look, durability, ease of maintenance, ability to be customized, long term cost savings, health benefits and low installation cost. The key applications of concrete floor coatings lies in the residential construction sector. They have been of high demand both for the indoor and outdoor applications. Increase in the number of construction projects and rise in demand for green technology are expected to fuel the market for concrete floor coatings in the next few years.
According to the report, the Canada concrete floor coatings market, which valued at US$100.8 mn in 2016, will reach US$158.0 mn in 2025, expanding at a CAGR of 5.2 % between 2017 and 2025.
On the basis of the type of product, the Canada concrete floor coatings market has been segmented in the report into epoxy, polyaspartics, polyurethane, and acrylic. Of these, the segment of epoxy coatings accounted for a massive share of nearly 60% of the Canada concrete floor coatings market in terms of revenue in 2016. Vast characteristic features of epoxy coatings, such as immense durability, incredible strength, low maintenance cleaning, resistance to chemicals, and an environment friendliness quotient that is higher than other chemical varieties of floor coatings work in their favor, leading to the huge demand.
The segment is expected to continue to hold a massive share in the overall Canada concrete floor coatings market over the report’s forecast period as well. However, it is likely to see a minor decline in its present stake in the Canada concrete floor coatings market over the forecast period, with the polyaspartics segment gaining notably in terms of its share in the Canada concrete floor coatings market. The segment of polyaspartic coatings is expected to exhibit a promising 6.0% CAGR in terms of revenue contribution from 2016 to 2024.
From a geographical perspective, Ontario accounted for more than 30% share of the Canada concrete floor coatings market in 2016. Rising urbanization, increasing disposable income and increasing demand for residential projects has been the prominent factor driving the concrete floor coatings market in Ontario. Quebec also held a significant market share in the Canadian concrete floor market. The geographic position and existence of key manufacturers of the concrete floor coatings are the key reasons for the significant market share of Quebec. Radical improvements in product quality and efficiency in advanced coatings are likely to drive the concrete floor coatings market at healthy rate in these regions over the forecast period as well.
British Columbia is expected to lead in terms of rate of growth of the concrete floor coatings market in Canada over the forecast period, driven largely owing to the rising number of new building startups in the province. Alberta, with high growth in GDP and per capita income is expected to have high growth potential in future. In terms of environmental performance of the concrete floor coatings, Saskatchewan faces some challenges. However, the rising employment rate in the province is expected to fuel the growth of concrete floor coatings in the Saskatchewan province. Both Manitoba and Atlantic are considered as provinces with significant growth potential albeit with challenges such as fluctuating economy and non-promising employment rates.
Some of the leading companies operating in the Canada concrete floor coatings market profiled in the report are The Sherwin-Williams Company, PPG Industries Inc, BASF SE, RPM International Inc, and Sika AG.
Concrete Floor Coatings Market to Gather Significant Revenues from Rising Use of Indoor and Outdoor Applications
Floor coatings have become popular over the years on account of the need to protect the surface of the floor and increase its longevity over longer period of time. Solid floor covering is the covering applied to relieved cement to make the surface last more by using the counter consumption property. Benefits of utilizing solid floor coatings incorporate stylish look, solidness, simplicity of upkeep, capacity to be redone, long haul cost reserve funds, medical advantages and low establishment cost. The vital utilizations of solid floor coatings lies in the private development area. They have been of popularity both for the indoor and outside applications. Expansion in the quantity of development tasks and ascend popular for green innovation are relied upon to fuel the market for solid floor coatings in the following not many years.
Tremendous trademark highlights of epoxy coatings, like massive sturdiness, fantastic strength, low upkeep cleaning, protection from synthetics, and a climate cordiality remainder that is higher than other compound assortments of floor coatings work in support of themselves, prompting the enormous interest. Mechanical mastery and item development have been the essence of the business systems of the previously mentioned market players. Albeit other market players likewise exist together on the lookout, there is little extent of development for them in light of the fact that a significant piece of the pie is held by the main five players. There are solid hindrances to the section of new players into the market and their food is considerably more troublesome.
The natural guidelines in Canada have assumed a critical part in lifting request inside the market for concrete floor coatings. The public authority has forced limitations on the utilization of paints and coatings with unpredictable natural mixtures (VOCs) that can without much of a stretch transform into fume or gas. Developments across private, modern, and business areas in Canada have seen an uncommon ascent over the previous decade. Since the majority of the developments currently include the utilization of concrete floor coatings, the interest inside the Canadian market for floor coatings is relied upon to continue ascending throughout the next few years. Other than this, the public authority of Canada has presented a few plans and plans for the advancement of the developments business in the area including Affordable Housing Initiative (AHI), and New Building Canada Plan (NBCP)
The Canada Concrete Floor Coatings market has been segmented as follows:
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Product Type Analysis |
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Application Type Analysis |
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Provincial Analysis |
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Canada Concrete Floor Coatings Market is expected to reach US$158.0 mn in 2025
Canada Concrete Floor Coatings Market is estimated to rise at a CAGR of 5.2% during forecast period
Rising urbanization, increasing disposable income and increasing demand for residential projects has been the prominent factor driving the concrete floor coatings market
Some of the leading companies operating in the Canada concrete floor coatings market profiled in the report are The Sherwin-Williams Company, PPG Industries Inc, BASF SE, RPM International Inc, and Sika AG.
The forecast period considered for the Canada Concrete Floor Coatings Market is 2017-2025
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Objectives
2. Assumptions and Research Methodology
2.1. Assumptions and Acronyms Used
2.2. Research Methodology
3. Executive Summary
3.1. Market Size, Indicative (US$ Mn)
3.2. Top 3 Trends
4. Market Overview
4.1. Product Overview
4.2. Key Industry Developments
4.3. Market Indicators
4.4. Upcoming Construction Projects in Canada
5. Market Dynamics
5.1. Drivers and Restraints Snapshot Analysis
5.1.1. Drivers
5.1.2. Restraints
5.1.3. Opportunities
5.2. Canada Concrete Floor Coatings Market Analysis and Forecast
5.3. Porter’s Analysis
5.3.1. Threat of Substitutes
5.3.2. Bargaining Power of Buyers
5.3.3. Bargaining Power of Suppliers
5.3.4. Threat of New Entrants
5.3.5. Degree of Competition
5.4. Value Chain Analysis
5.5. Canada Paints & Coatings Industry SWOT Analysis
6. Canada Concrete Floor Coatings Market Analysis , by Product
6.1. Canada Concrete Floor Coatings Market, Value Share Analysis, by Product
6.2. Canada Concrete Floor Coatings Market Forecast, by Product
6.3. Canada Concrete Floor Coatings Market Analysis, by Product
6.4. Canada Concrete Floor Coatings Market Attractiveness, by Product
7. Canada Concrete Floor Coatings Market Analysis , by Application
7.1. Canada Concrete Floor Coatings Market, Value Share Analysis, by Application
7.2. Canada Concrete Floor Coatings Market Forecast, by Application
7.3. Canada Concrete Floor Coatings Market Analysis, by Application
7.4. Canada Concrete Floor Coatings Market Attractiveness, by Application
7.5. Global Cubic Boron Nitride Market Value Share Analysis, by Application
7.6. Global Cubic Boron Nitride Market Forecast and Analysis, by Application
8. Canada Concrete Floor Coatings Market, Value Share Analysis, by Provinces
8.1. Canada Concrete Floor Coatings Market Value Share Analysis, by Provinces
8.2. Canada Concrete Floor Coatings Market Forecast, by Provinces
8.2.1. Ontario
8.2.2. Quebec
8.2.3. British Columbia
8.2.4. Alberta
8.2.5. Saskatchewan
8.2.6. Manitoba
8.2.7. Atlantic
8.3. Canada Concrete Floor Coatings Market Attractiveness, by Provinces
8.4. Canada Growth Scenario
8.5. Key Insights
8.6. Comparison Matrix of Canadian Provinces
8.7. Canada Concrete Floor Coatings Market : PEST Analysis
9. Competition Landscape
9.1. Canada Concrete Floor Coating Market Share Analysis, by Company (2016)
9.2. Company Competition Matrix
9.3. Company Profiles
9.3.1. ARMOR ROCK CONCRETE FLOOR COATINGS INC
9.3.1.1. Company Description
9.3.1.2. Business Overview
9.3.2. BASF SE
9.3.2.1. Company Description
9.3.2.2. Business Overview
9.3.2.3. Strategic Overview
9.3.3. Behr Process Corporation
9.3.3.1. Company Description
9.3.3.2. Business Overview
9.3.4. PPG Industries, Inc.
9.3.4.1. Company Description
9.3.4.2. Business Overview
9.3.4.3. Strategic Overview
9.3.5. Proseal Concrete Floor Care Systems Inc.
9.3.5.1. Company Description
9.3.5.2. Business Overview
9.3.6. RPM International Inc
9.3.6.1. Company Description
9.3.6.2. Business Overview
9.3.6.3. Strategic Overview
9.3.7. The Sherwin Williams Company
9.3.7.1. Company Description
9.3.7.2. Business Overview
9.3.7.3. Strategic Overview
9.3.8. Sika AG
9.3.8.1. Company Description
9.3.8.2. Business Overview
9.3.8.3. Strategic Overview
9.3.9. The Floor Company
9.3.9.1. Company Description
9.3.9.2. Business Overview
9.3.10. The Stonhard Group
9.3.10.1. Company Description
9.3.10.2. Business Overview
9.3.11. The Valspar Corporation
9.3.11.1. Company Description
9.3.11.2. Business Overview
9.3.11.3. Strategic Overview
9.3.12. Zeraus Products Inc
9.3.12.1. Company Description
9.3.12.2. Business Overview
10. Primary Research- Key Insights
List of Tables
Table 01: Canada Concrete Floor Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, by Product, 2016–2025
Table 02: Canada Concrete Floor Coatings Market Size (US$ Mn) Forecast, by Application, 2016–2025
Table 03: Canada Concrete Floor Coatings Market Volume (Tons) Forecast, By Province, 2016–2025
Table 04: Canada Concrete Floor Coatings Market Size (US$ Mn) Forecast, By Province, 2016–2025
List of Figures
Figure 01: Canada Concrete Floor Coatings Market Size (US$ Mn) and Volume (Tons) Forecast, 2016–2025
Figure 02: Canada Concrete Floor Coatings Average Price (US$/Kg) 2016–2025
Figure 03: Canada Concrete Floor Coatings Market Value Share Analysis, by Product, 2016 and 2025
Figure 04: Canada Concrete Floor Coatings Market Size Value (US$ Mn) and Volume (Tons) Analysis, by Epoxy, 2016–2025
Figure 05: Canada Concrete Floor Coatings Market Size Value (US$ Mn) and Volume (Tons) Analysis, by Polyaspartics, 2016-2025
Figure 06: Canada Concrete Floor Coatings Market Size Value (US$ Mn) and Volume (Tons) Analysis, by Others, 2016–2025
Figure 07: Canada Concrete Floor Coatings Market Attractiveness Analysis, by Product
Figure 08: Canada Concrete Floor Coatings Market Value Share Analysis, by Application, 2016 and 2025
Figure 09: Canada Concrete Floor Coatings Market Size Value (US$ Mn) and Volume (Tons) Analysis, by Indoor, 2016–2025
Figure 10: Canada Concrete Floor Coatings Market Size Value (US$ Mn) and Volume (Tons) Analysis, by Outdoor, 2016–2025
Figure 11: Canada Concrete Floor Coatings Market Attractiveness Analysis, By Application
Figure12: Canada Concrete Floor Coatings Market Value Share Analysis, By Province, 2016 and 2025
Figure 13: Canada Concrete Floor Coatings Market Attractiveness Analysis, By Province
Figure 14: Concrete Flooring Coating Market Share Analysis, by Company (2016)
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Canada Concrete Floor Coatings Market
