The Canada market for concrete floor coatings is characterized by a highly consolidated competitive landscape because of the strongholds of a handful of market players. There is a need to have skilled labor, effective techniques, and a robust industrial base to manufacture concrete floor coatings, and hence, only a countable number of players have risen to reckon in the market. In 2016, 70% of the total market share was held by the top five players in the Canada market for concrete floor coatings. These market players are PPG Industries Inc.,
A report published by Transparency Market Research (TMR) forecasts the growth rate of the Canada concrete floor coatings market over the period between 2017 and 2025. The Canada market is expected to expand at a steady CAGR of 5.2% over the aforementioned forecast period. Furthermore, the market was valued at S$100.8 mn in 2016 and is expected to reach a stellar value of US$158.0 mn in 2025.
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The market for concrete floor coatings is expected to register the highest growth rate in Ontario where a number of residential projects are in the pipeline. Furthermore, the disposable income of the population in Ontario is significantly higher than that of other regions in Canada. In 2016, Ontario accounted for a total market share of 30% in the regional mix which shows the splendid performance of the region in the market for concrete floor coatings. Other key regions that are expected to exhibit a robust growth rate over the coming years include British Columbia, Manitoba, Atlantic, and Alberta.
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Concrete Floor Coatings Market – Product Type Analysis
- Epoxy
- Polyaspartics
- Others
Concrete Floor Coatings Market – Application Type Analysis
- Indoor
- Outdoor
Concrete Floor Coatings Market – Provincial Analysis
- Ontario
- Quebec
- British Columbia
- Alberta
- Saskatchewan
- Manitoba
- Atlantic
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