Zion Market Research, in publishing a report that looks at the global demand for concrete floors, has forecast considerable growth within the next three years.
n 2014, the global market had a valuation $800m (£643m) and this is predicted to reach $1,180m (£948.5m) by 2020, a rise of around 7% a year.
The report, titled ‘Concrete Floor Coating Market (Epoxy, Polyaspartics and Others) for Outdoor and Indoor Applications – Global Industry Perspective, Comprehensive Analysis, and Forecast 2014 – 2020’, found that North America is the largest market for concrete flooring. The fastest growing market, meanwhile, is Asia Pacific, which has a 29% share of the market.
The report says that the reason that the concrete floor market is expanding at such rate is because both private and commercial users recognise the beneficial qualities of the material. Developments in concrete floor coating mean that concrete floors have strong chemical and water resistance qualities, are easy to maintain and are durable. Modern printing techniques make concrete floors looks good.
There are several types of concrete flooring. Epoxy-based flooring has over 50% of the total concrete flooring market, followed by polyaspartics-coated floors. Polyaspartic flooring is expected to grow in popularity more than any other type of concrete flooring.
Concrete is one of the world’s oldest forms of flooring, with examples dating back as far as 5600 B.C. having been found in modern-day Serbia. The Zion Market Research report confirms that concrete flooring remains popular and will continue to be chosen by the construction industry in the near future.
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