Concrete Floor Coatings Market Prognosticated to Grow at CAGR of 6.80% between the 2014 and 2020
The global floor coatings marke t is anticipated to witness a highly fragmented competitive scenario, owing to large number of players operating in the market. Some of the major players in the market are Royal DSM, Nippon Paint Co., BASF SE, DAW SE, and Behr Process Corp. These firms are indulging extensively into long-term trade contracts with its end users, especially in construction application, so as to get a firm foothold in the market and increase their global reach. The leading firms are estimated to increase their investment in terms of capital, stressing more on research and development activities, along with improved product quality to fulfil the consumer requirements. According to a recent report by Transparency Market Research (TMR), the global floor coatings market is prognosticated to expand at a steady CAGR of 6.80% within the forecast period from 2014 to 2020. The market was evaluated to be a worth of US$0.7 bn in year 2013, and is likely to reach around US$1.1 b...