Floor Sealer and Finisher Market Size Reach Revenues USD 3.41 Billion by 2026 - Arizton
CHICAGO, July 14, 2021 /PRNewswire/ -- In-depth analysis and data-driven insights on the impact of COVID-19 included in this global floor sealer and finisher market report.
The floor sealer and finisher market is expected to grow at a CAGR of over 7.58% during the period 2020−2026.
Key Highlights Offered in the Report:
- APAC was the largest market for floor sealer and finisher in 2020, followed by Europe and North America. The demand for floor sealer and finisher was majorly concentrated in countries such as the US, Japan, China, the UK, Germany, and France. However, developing Asian countries such as India and Brazil are witnessing increased adoption of floor sealer and finisher products owing to developing industrial or commercial sector.
- Although solvent-based floor sealers and finishers dominate the market, water-based floor sealer and finisher products expect to witness CAGR of over 8% compared to 7% for solvent-based. The increasing awareness of low VOC and the improved purchasing power fuel the demand.
- The offline channel dominates the floor sealer and finisher market in terms of distribution channel. However, the shift toward digitalization and the increasing internet penetration in emerging economies is expected to result in the significant demand growth from online websites.
- A growing population in APAC, favorable government initiatives toward the construction sector, and foreign direct investments in commercial sectors expect to increase the demand for decorative flooring in the APAC region. This expects to boost the demand for floor sealers and finishers.
- Emerging economies such as Brazil, India, and China, witness an increase in the demand for floor sealer and finisher products owing to the rising awareness and improving economy.
- One of the key restraints hampering the growth of the global floor sealer and finisher market currently can be attributed to the volatility in the oil & gas industry, disrupting raw material prices, unorganized industrial sectors in developing economies, and lowered construction activities due to the COVID-19 pandemic.
- In 2020, the residential sector accounted for a market share of 41.85%, followed by the commercial sector at 36.66%. The residential sector expects to account for the largest market for floor sealer and finisher products due to a high global base of housing units, and the growing demand for decorative flooring across regions.
- The concrete floor sealer and finisher market dominated the market with a market share of 34.73% in 2020. The robust nature and low price have pushed the demand for concrete floor sealers and finishers.
Key Offerings:
- Market Size & Forecast by Revenue | 2020−2026
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Market Segmentation – A detailed analysis by cooling infrastructure, cooling technique, liquid cooling technique, cooling systems, and geography
- Competitive Landscape – 4 key vendors and 13 other vendors
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Floor Sealer and Finisher Market – Segmentation
- The APAC data center cooling market by cooling infrastructure is classified into the cooling system and other infrastructure. Cooling system segment dominated the majority of market share in 2017, growing at a CAGR of more than 9% during the forecast period.
- The cooling technique segment in the APAC data center cooling market is categorized into air-based cooling and liquid-based cooling. The air-based cooling technique is the fastest growing segment in the market, at a CAGR of over 13% during the forecast period. Air-based cooling methods comprises of DX-based CRAC units, free cooling technique solutions, air-cooled chiller-based cooling, and dry coolers.
- The APAC data center cooling market by the liquid cooling technique is segmented into water-based cooling technique and direct liquid and immersion cooling technique. Water-based cooling technique occupied more than 2/3rd of the total market share in 2017, growing at a CAGR of approximately 7% during the forecast period.
Floor Sealer and Finisher Market by Cooling Infrastructure
- Cooling System
- Other Infrastructure
Floor Sealer and Finisher Market by Cooling Technique
- Air-Based Cooling
- Liquid-Based Cooling
Floor Sealer and Finisher Market by Liquid Cooling Technique
- Water-Based Cooling Technique
- Direct Liquid & Immersion Cooling Technique
Floor Sealer and Finisher Market by Cooling Systems
- CRAC & CRAH
- Chiller
- Cooling Towers & Dry Coolers
- Economizers & Evaporative Coolers
- Other Cooling Units
Floor Sealer and Finisher Market – Dynamics
Prefabricated or prefab houses and constructed homes are residences and commercial spaces that are built in advance in a warehouse, typically in pieces that can be easily transported and incorporated into the property. Prefab refers to prefabricated construction. The concept is an amalgamation of panelized and modular building systems that are well developed and built prior to construction initiation and framework installation according to detailed work site design. The demand for prefabricated buildings is growing significantly across the globe, especially in developed regions such as North America and Europe. This, in turn, has fueled the demand for floor sealers and finishers from such building manufacturers. The COVID-19 pandemic has led to severe uncertainty for many vendors and contractors in the construction industry. Several construction companies compelled to shutdown projects owing to the imposed lockdown whereas others have witnessed project delays from customers.
Key Drivers and Trends fueling Market Growth:
- Construction Opportunities in Developing Economies
- Growth in Home Improvement Activities
- Increasing Public Infrastructure Projects
- Growing Demand from Construction Industry
Floor Sealer and Finisher Market – Geography
The construction industry in APAC is booming due to the rising population, fast industrialization, and urbanization. The increased demand for housing in the region has resulted in significant expenditures in new and renovated residential infrastructure, which has boosted the entire market. Furthermore, expanding industrial growth, particularly in China, India, and Japan, expects to boost market value in the future years. Because of its rapidly growing population, APAC expects to have a high demand in the projection year. This is a major factor enabling APAC to continue to dominate the concrete floor sealer and finisher market over the projected period. The region has been urbanized to a larger extent as a result of gains in GDP per capita and infrastructural development, transforming rural regions into urban regions. The region hosts some significant companies for concrete floor sealer and finisher products.
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Floor Sealer and Finisher Market by Geography
- APAC
- China
- India
- Japan
- Australia
- South Korea
- Europe
- Germany
- UK
- France
- Spain
- Italy
- North America
- US
- Canada
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Latin America
- Brazil
- Mexico
- Argentina
Major Vendors
- Armstrong Flooring
- Diversey
- 3M
- Sika
Other Prominent Vendors
- asia mortar
- Blackfriar
- Coo-Var
- Durawax
- Fuller Industries
- INO Solutions
- P&G
- Perma
- Rainguard
- Rust-Oleum
- Watco Industrial Flooring
- XO2
- Zep
Explore our chemical & materials profile to know more about the industry.
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SOURCE Arizton Advisory & Intelligence
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