Concrete Floor Coatings Market: Epoxy Coatings to Surge owing to Long Pot Life and Cost-Effectiveness
The widespread utilization of concrete floor coatings, coupled with the rise in the construction industry worldwide, is the key factor accelerating the demand for concrete floor coatings. Concrete floor coatings are utilized in a wide range of floor coating applications. Commercial outdoor applications of concrete floor coatings include walkways, patios, and garage floors, and indoor applications of the same include commercial floors, industrial floors, and residential floor coatings. On the basis of product type, the concrete floor coatings market is segmented into epoxy-based concrete floor coatings, polyaspartics, and others including polyurethane and acrylic.
TMR, a market intelligence company, elaborates upon the functionality of these products, by describing their key properties, and applications areas in order to provide a clear picture on their respective utilization in various applications.
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- Epoxy Coatings: These are thermosetting products having excellent sub-surface and surface adhesion, chemical resistance, and mechanical properties. These are formulated by the combination of a curing agent and an epoxy resin. A large number of epoxy products comprise additives including organic solvents as well as fillers including sand, fiberglass, and pigment Epoxy coatings are available in three formulations, namely water-based, 100% solids, and solvent-based. Epoxy coatings represented the biggest share in the market for floor coatings in 2013 on the basis of both revenue and volume owing to their multitude of benefits, such as good resistance to chemicals, cost-effectiveness, high durability, and long pot life, etc. Recently, Sherwin-Williams introduced the Pro Industrial Pre-Catalyzed Water-Based Epoxy for utilization in high traffic areas such as schools, restaurants, and hospitals owing to its impact-resistant finish and washability.
- Polyaspartic Coatings: These are types of polyuria also known as polyaspartic aliphatic polyuria. Each polyuria is a two-part system, which means that a resin needs to be combined with a catalyst for creating a curing reaction for hardening the material. Polyaspartics are a polymer coating material having a swift cure time and could be applied to surfaces having extreme temperatures ranging from -30°F to 140°F. The key advantages of polyaspartics include low viscosity, which gives it extraordinary wetting ability, UV stability, and excellent abrasion and chemical resistance.
- Acrylic Coatings: These are utilized for waterborne coatings, including latex house paint as well as in adhesive formulations. Acrylic coatings can be of four types, namely brittle solids, extremely hard, elastomeric, and viscous liquids. Acrylic coatings have excellent weather, UV, and water resistance. They are also found to be stable during conditions of moderate thermal shock, but their chemical resistance, adhesion, and mechanical strength is comparatively lesser than other types of coatings.
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Polyurethane Coatings: These are floor coatings having high performance and are also known as urethanes. They are able to demonstrate a moderate level of chemical resistance. Polyurethanes present moderate adhesion ability but great resistance to shrinkage as well as good flexibility. These have excellent resistance against high humidity, fungus, and water exposure. They also demonstrate properties such as fast cure times and good chemical resistance.
The key manufacturers in the concrete floor coatings market include BASF SE, RPM International Inc., and DSM, among others.