NORTH AMERICA CONCRETE FLOOR COATINGS MARKET TO REACH US$546.8 MN BY 2023

Transparency Market Research has released a new market report titled “Concrete Floor Coatings Market - North America Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the north america concrete floor coatings market was valued at US$325.0 mn in 2014 and is expected to reach US$546.8 mn by 2023, expanding at a CAGR of 6.0% from 2015 to 2023.

Concrete floor coatings play a pivotal role in protecting concrete floors in various construction applications. These coatings are extensively used across the globe to protect concrete floors from abrasion, chemical attacks, and thermal shock. Demand for concrete floor coatings in North America is primarily driven by recovering construction industry and increasing awareness regarding importance of floor coatings. Furthermore, implementation of the National Infrastructure Plan by the Government of Mexico is anticipated to boost demand for concrete floor coatings in Mexico during the forecast period. These factors are expected to be chiefly fuel the concrete floor coatings market in the near future. Volatility in supply and price of raw materials used in the production of concrete floor coatings is expected to be a key challenge for market participants.

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In terms of demand, epoxy-based concrete floor coatings was the dominant product segment in North America, accounting for over 55% share in 2014. Demand for epoxy-based concrete floor coatings is expected to witness robust growth in the near future, particularly in Mexico, due to its easy availability and low cost. Rapid curing rate, better wear and tear resistance, and better UV protection and high abrasion resistance offered by polyaspartic coatings are expected to be primary factors fueling demand for polyaspartic-based concrete floor coatings. These properties are anticipated to primarily propel the concrete floor coatings market in the next few years.

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The U.S. was the largest market for concrete floor coatings in 2014 in North America, followed by Canada and Mexico. The U.S. accounted for the large market share in 2014 due to high demand for concrete floor coatings in garage coating as well as commercial floor coating applications. Concrete floor coatings are extensively used in garage floor coating application in North America due to its various physical properties such as high abrasion resistance and high wear and tear resistance. Furthermore, recovering construction industry in the U.S. is expected to provide an impetus to the concrete floor coatings market in North America.

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Major participants in the concrete floor coatings industry include BASF SE, Sherwin-Williams, RPM International Inc., The Valspar Corporation, and PPG Industries.

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Tunnel Boring Machine Market: Applications, Revenue, Growth and Trends

Tunnel boring machines are gigantic special-purpose machines, particularly used in building tunnels for roads, railways, and pipelines. These machines are long with circular cross-sections and help in boring round holes through any rock. Tunnel boring machines are intricate assemblies of several systems working in conjunction with each other. Diameter of tunnel boring machines ranges from 1 meter to 20 meters. These machines can cut clean through rocks, sometimes along with creating concrete shields around the bored tunnels. The tunnel boring machine market is largely driven by the increase in spending on road and railway infrastructure. Countries such as China, Japan, Italy, South Korea, Norway, and Germany have vast tunnel networks. The key reason is to connect major cities within the country, sometimes even international, with minimum commute time. This largely optimizes the transportation costs and connects cities to boost commerce. The other method for building tunnels is...

GLOBAL WOOD COATINGS MARKET TO TOUCH VALUATION OF US$17.595 BN BY 2025 END

The global wood coatings market features a highly competitive landscape owing to the presence of a plethora of companies competing against one another, notes Transparency Market Research (TMR). Top players in the wood coatings market increasingly resort to forward integration strategies to gain substantial competitive benefits, which may help them to retain their stronghold over the assessment period. Several players are also focusing on product differentiations to attract more consumers and consolidate their positions in various regions. This is especially the trend among small- and medium-scale manufacturers who find this a key strategy to gain a foothold in the wood coatings market. TMR finds that the wood coatings market is also fairly consolidated as the top four players held a combined share of nearly 60.0% in 2016. These companies are RPM International Inc., Akzo Novel N.V., PPG Industries Inc., and The Sherwin Williams Company. Of these, The Sherwin Willia...

ANTHOCYANIN CONSUMPTION LEVELS TO TAKE OFF IN DEVELOPING REGIONAL MARKET

TMR projects the global anthocyanin market to reach US$ 735.9 Mn by 2026. Over this period of 2018-2026, the anthocyanin market is forecast to report a CAGR of 4.6%. Among the key end use segments, the food and beverages industry is likely to lead the market in 2018. The trend is likely to remain unchanged throughout the course of the forecast period. Regionally, the North America anthocyanin market held the leading share in the global market in 2018. The global anthocyanin market exhibits the presence of several large companies. Besides this, domestic players enjoy a stronghold in regional pockets, which has rendered the market highly competitive. According to a new study by Transparency Market Research (TMR), Archer Daniels Midlands Co., Sensient Technologies Corp, Symrise A.G., and CHR Hansen A/S held nearly 50% of the global anthocyanin market in 2018, thereby registering their dominance. To sustain growth amidst the prevailing competition, the leading players...

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