North America Concrete Flooring Market Insights Forecasts to 2032
- The North America Concrete Flooring Market Size was valued at USD 2,839.7 Million in 2022.
- The Market is growing at a CAGR of 4.2% from 2022 to 2032.
- The North America Concrete Flooring Market size is expected to reach USD 4,289.1 Million by 2032.
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The North America Concrete Flooring Market Size was valued at USD 2,839.7 Million in 2022 to USD 4,289.1 million by 2032 at a CAGR OF 4.2% during the forecast period (2022-2032).
Concrete floor coating is a protective covering applied to floors that comes in liquid and semi-liquid forms. It has a good grip on the concrete surface, which aids in the preservation of the look, texture, and quality of the flooring. It comes in a variety of forms, including epoxy, polyaspartics, acrylic, and polyurethane. These coatings extend the life of concrete flooring. Concrete floor coverings also provide advantages such as endurance to wear, tear, abrasion, and heat. These characteristics increased the demand for concrete floor coverings in both the residential and non-residential sectors. The growth of the North America concrete flooring market is due to increased spending on residential and commercial buildings as a result of the region's growing population. Furthermore, growth in the usage of sturdy, durable, and less expensive flooring in industrial facilities such as warehouses and garages is predicted to drive up demand for concrete flooring in North America.
This research report categorizes the market of North America concrete flooring market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the North America concrete flooring market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the North America concrete flooring market.
North America Concrete Flooring Market Report Coverage
|Market Size in 2022:||USD 2,839.7 Million|
|Forecast Period 2022-2032 CAGR:||4.2%|
|2032 Value Projection:||USD 4,289.1 Million|
|Historical Data for:||2018-2021|
|No. of Pages:||200|
|Tables, Charts & Figures:||130|
|Segments covered:||By Product, By Application, By Region, and COVID-19 Impact Analysis|
|Companies Covered:||Trucrete Surfacing Systems, The Sherwin-Williams Company, North American Coating Solutions, Henkel Corporation, Vanguard Concrete Coating, Elite Crete Systems, CPC Floor Coatings, Surface Solutions, APPLIED FLOORING, and Liquid Floors|
|Pitfalls & Challenges:||COVID-19 Empact, Challenge, Future, Growth, & Analysis|
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The concrete flooring market in the United States is predicted to expand during the forecast period, due to a growing population and globalization, government attempts in the United States to construct inexpensive residential houses are expected to enhance the need for less expensive and more lasting flooring solutions. As a result, the demand for concrete flooring in North America is increasing. Furthermore, the rise of industrial industries such as automotive, energy, and construction in Mexico is likely to stimulate demand for durable flooring solutions due to low production costs and the availability of cheaper raw materials and labor.
The concrete flooring market is hampered by the existence of different flooring substitutes such as vinyl, ceramic tiles, carpet, wood flooring, laminate flooring, and porcelain tiles. These materials are easier to install and have superior aesthetics than concrete floors. Rising disposable incomes have boosted expenditures in contemporary flooring solutions. These factors are expected to negatively affect the demand of the market.
- In 2022, the coated segment is influencing the largest CAGR of 3.7% over the forecast period.
Based on the product, the North America concrete flooring market is segmented into coated and polished. Among these segments, the skin care segment dominates the largest market share over the forecast period. Coated concrete floors are used to offer high-temperature resistance to indoor and outdoor spaces as well as to protect the flooring in commercial and residential projects. It also safeguards non-building structures in the electricity, metal, and environmental protection industries. The expansion of the building and industrial sectors in the United States is predicted to drive up demand for coated concrete flooring in the area. Coated concrete flooring is used to preserve concrete surfaces. This coating is used in locations where the floor is more prone to damage, such as garages, to assist decrease damage by giving an additional layer to the surface. Moreover, this growth may be attributed to its increasing demand in commercial buildings such as hotels, hospitals, and restaurants due to attributes such as improved aesthetics, durability, simplicity of maintenance, and cheaper cost when compared to alternative flooring solutions.
- In 2022, the commercial segment is dominating the largest market share during the forecast period.
Based on gender, the North America concrete flooring market is segmented into residential and commercial. Among these segments, the commercial segment dominates the largest market share during the forecast period, Due to commercial sectors having heavy traffic, they demand long-lasting flooring alternatives. Because it has an attractive look and can endure heavy traffic, polished concrete flooring is commonly employed in commercial settings.
- In 2022, the United States segment is leading the largest market share during the forecast period.
Based on the distribution channel, the North America concrete flooring market is segmented into United States, Canada, Mexico, and Rest of North America. Among these segments, the United States segment dominates the largest market share during the forecast period. The growing development of residential and commercial structures in the region is attributable to the expansion of the US concrete flooring industry. The country's expanding demand for multifamily housing developments is expected to boost the expansion of the concrete flooring industry. Furthermore, government attempts to promote economic recovery in the United States are resulting in regional infrastructure investments.
The report offers the appropriate analysis of the key organizations/companies involved within the North America concrete flooring market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Also, due to their capacity to deliver a one-stop purchasing experience, consumers favor store-based channels.
List of Key Companies
- Trucrete Surfacing Systems
- The Sherwin-Williams Company
- North American Coating Solutions
- Henkel Corporation
- Vanguard Concrete Coating
- Elite Crete Systems
- CPC Floor Coatings
- Surface Solutions
- APPLIED FLOORING
- Liquid Floors
Key Target Audience
- Market Players
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
This study forecasts revenue at global, regional, and country levels from 2022 to 2032. Spherical Insights has segmented the North America Concrete Flooring Market based on the below-mentioned segments:
North America Concrete Flooring Market, By Product
North America Concrete Flooring Market, By Application
North America Concrete Flooring Market, By region
- United States
- Rest of North America
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