The Sherwin-Williams Company: The Sherwin-Williams Company announced the launch of its new line of concrete coatings, called Dura-Plate 301W. The new coatings are designed for use in concrete floors in industrial and commercial settings and are meant to provide long-lasting protection against abrasion, impact, and chemical exposure.
Sika AG: Sika AG announced that it had acquired the Danish company Bexel Consulting A/S, which specializes in the development of software for the design of industrial floor coatings. The acquisition is meant to strengthen Sika's position in the industrial coatings market, by providing it with access to advanced software technology for the design and optimization of coatings.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 4406
Published Date: May 02, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing demand for high-performance coatings is the major factor driving the market growth.
The market size of concrete floor coatings is anticipated to attain a CAGR of ~12% over the forecast period, i.e., 2023-2035.
The fluctuating raw material prices are estimated to be the growth-hindering factors for the market expansion.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
The major players in the market are AkzoNobel N.V., Sherwin-Williams Company, PPG Industries, Inc., BASF SE, RPM International Inc., and others.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue-generating capacity, and the new products being launched into the market by the company.
The market is segmented by product, application, and by region.
The residential segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.