According to a new report published by Allied Market Research, titled, “Cementitious Flooring Market,” The cementitious flooring market size was valued at $1.1 billion in 2021, and is estimated to reach $2 billion by 2031, growing at a CAGR of 5.9% from 2022 to 2031.
𝙂𝙚𝙩 𝙞𝙣𝙨𝙞𝙙𝙚 𝙎𝙘𝙤𝙤𝙥 𝙤𝙛 𝙩𝙝𝙚 𝙧𝙚𝙥𝙤𝙧𝙩, 𝙧𝙚𝙦𝙪𝙚𝙨𝙩 𝙛𝙤𝙧 𝙨𝙖𝙢𝙥𝙡𝙚:- https://www.alliedmarketresearch.com/request-sample/16776
Cementitious flooring is a type of floor coating used for indoor and outdoor applications in the residential, commercial and industrial spaces. Various types of cementitious floor coatings such as epoxy, polyurethane, acrylic is widely utilized in resurfacing applications. It is environment-friendly, low maintenance, fire resistance, durability, and provides aesthetics look.
Growth of the population, combined with the construction of new business centers, such as offices, factories, warehouses, sports complexes, hospitality, has prompted the deployment of compact and efficient decor systems. The restoration business continues to benefit from a strong housing market, which includes rise in home building, sales, and equity. Moreover, rise in expenditure by governments and private construction companies on remodeling and repairing of houses is anticipated to drive the cementitious flooring market growth. Furthermore, increased focus on sustainable development is driving the demand for cementitious flooring solutions that are relatively eco-friendly. This has encouraged key players to innovate and develop ecofriendly cementitious floorings, thereby providing lucrative growth opportunities.
Major players have adopted product launch and acquisition as a key strategy to sustain the competition and improve the product portfolio. For instance, in June 2022, Sherwin-Williams acquired Gross & Perthun GmbH which is recognized as a German based developer, manufacturer and distributor of coatings primarily for heavy equipment and transportation industries. The acquisition aim to drive the sustainability transformation of coating industry.
Asia-Pacific registered largest share in the global cementitious flooring market share in 2021, owing to rise in the number of residential and commercial building is anticipated to positively influence the demand for cementitious flooring market. Furthermore, the majority of countries in the region are spending on construction sector for the growth of their economies.
However, during the COVID-19 pandemic, various manufacturers in the cementitious flooring market had to stop their business in countries such as China, the U.S., and India. This break directly impacted the sales of cementitious flooring companies. In addition, lack of manpower and raw materials also constricted supply of cementitious flooring, which negatively influenced the growth of the market. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of cementitious flooring companies.
The Global Cementitious Flooring Market is expected to show significant growth during the forecast period. This is mainly due to increasing demand from the construction industry, growing investment in infrastructure, and increasing demand for cementitious flooring in residential applications.
𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗶𝘇𝗲 𝗮𝗻𝗱 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁
Cementitious Flooring is a type of flooring material that is manufactured using cement and sand as the main ingredients. It provides a durable, waterproof and low maintenance surface. This type of flooring is widely used in industrial and commercial applications as well as in residential applications.
Recent studies have shown that the Global Cementitious Flooring Market is expected to grow at a CAGR of 5.4% during the forecast period from 2020 to 2027. The growth of the market is mainly driven by the increasing demand from the construction industry, growing investment in infrastructure and increasing demand for cementitious flooring in residential applications.
𝙈𝙖𝙠𝙚 𝙖 𝙋𝙪𝙧𝙘𝙝𝙖𝙨𝙚 𝙄𝙣𝙦𝙪𝙞𝙧𝙮: – https://www.alliedmarketresearch.com/purchase-enquiry/16776
𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗢𝘂𝘁𝗹𝗼𝗼𝗸
The market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into concrete, epoxy, polyurethane, and others. On the basis of application, the market is segmented into industrial, commercial, and residential. On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲
The major players studied in the Global Cementitious Flooring Market include 3M, Sika AG, BASF SE, Ardex Group, Mapei, Bostik, Fosroc International, Apar Industries, Tarkett, and Chengdu ZYX Building Materials Co. Ltd. These companies are focusing on providing innovative products and services to enhance their market penetration.
Major players have adopted product launch and acquisition as a key strategy to sustain the competition and improve the product portfolio. For instance, in June 2022, Sherwin-Williams acquired Gross & Perthun GmbH which is recognized as a German based developer, manufacturer and distributor of coatings primarily for heavy equipment and transportation industries. The acquisition aim to drive the sustainability transformation of coating industry.
𝙏𝙤 𝙋𝙪𝙧𝙘𝙝𝙖𝙨𝙚 𝙩𝙝𝙞𝙨 𝙋𝙧𝙚𝙢𝙞𝙪𝙢 𝙍𝙚𝙥𝙤𝙧𝙩: – https://www.alliedmarketresearch.com/checkout-final/569469ce86e96545955dd703dfb39dae
𝗔𝗻𝗮𝗹𝘆𝘀𝘁 𝗥𝗲𝘃𝗶𝗲𝘄
The report provides an in-depth analysis of the Global Cementitious Flooring Market including market size, market segmentation, key trends, drivers, challenges, and opportunities. The report also provides a comprehensive analysis of the competitive landscape and key strategies adopted by the major players in the market.