anti-corrosion coatings is estimated to be
stabilized in Europe and North America
due to heavy governmental regulations
coupled with saturated end-user markets
in these regions. However, stable growth
of high performance anti-corrosion coatings in these regions is likely to be supported by the power generation industry
by 2023. Latin America is likely to witness moderate growth, while Middle East
and Africa is projected to be the fastest-growing market for high performance
anti-corrosion coatings during the forecast period.
The report includes current demand
analysis and forecast for product and
application segments in North America,
Europe, Asia Pacific, Latin America, and
Middle East and Africa. Furthermore,
the report provides detailed country-wise
analysis of the high performance anti-corrosion coatings market in the regions
mentioned above.
North American Concrete
Floor Coatings Market Size
Worth $1.01 Billion By 2020
Radiant Insights, Inc. has recently published “North America Concrete Floor
Coatings Market By Product (Epoxy,
Polyurethanes, Polyaspartics), By
Application (Outdoor, Indoor),” and has
announced that it is expected to reach
more than $1.01 billion by 2020.
Construction industry growth in the
U.S. post the recession in 2008-2009,
along with expansion of the domestic
aerospace and energy sectors are anticipated to fuel concrete floor coatings demand
over the forecast period. Introduction of
the “National Infrastructural Plan (NIP)”
by the government of Mexico, which is
aimed at promoting residential and commercial infrastructure, is likely to augment market growth. The government
plans to invest $590 billion over a period
of four years between 2014 and 2018.
Indoor was the largest application
segment, accounting for more than 60
percent of the North American concrete
floor coatings market volume in 2013.
Housing sector growth in the U.S. and
Canada is anticipated is expected to fuel
concrete floor coatings demand in indoor
applications over the forecast period.
However, outdoor coatings are anticipated to witness fastest growth over the next
six years owing to new product launches
at competitive prices. Furthermore, rising consumer awareness regarding protection of exteriors to boost life span of
the structure is expected to drive market
growth during the projected period.
Further key findings from the study
suggest:
• North America concrete floor coat-
ings market demand was 214.3 kilo
tons in 2013 and is expected to reach
329.0 kilo tons by 2020, growing at
a CAGR of 6. 3 percent from 2014
to 2020
• Epoxy dominated the North America
Concrete Floor Coatings Market,
accounting for more than 50 percent
of the overall volume in 2013. Low
cost of epoxy resin as compared to
its counterparts is anticipated to
have a positive impact on market
growth in the near future.
•Polyaspartics concrete floor coatings are expected to witness fastest
growth over the forecast period owing to their superior properties including U.V. protection, fast curing
and high temperature range.
• North America concrete floor coatings market was dominated by four
companies: Sika, BASF, General
Polymers and Stonhard together accounting for more than 40 percent
of total market share in 2013. Other
market participants include PPG,
Tennant Company, Pratt & Lambert
Paints, Elite Crete System, Behr
Process Corporation and Bayer.
U.S. Demand for Specialty
Silicas to Exceed $2 Billion
in 2019
The Freedonnia Group recently published
“Specialty Silicas.” Demand for specialty
silicas in the U.S. is forecast to rise 4. 7
percent per year to $2.1 billion in 2019.
Gains are expected to approach their
longer-term growth rate, as they moder-
ate from the post-recession growth of the
2009-2014 recovery period. Demand
will find its strongest hold as silicas gain
wider appeal through evolving market
trends, such as increased usage in tires,
and also as pent-up demand
drives gains in the housing and
construction industry. Many
markets face maturity, including
cosmetics and toiletries, as well as food
and beverages, as do popular key appli-
cations within those markets, including
toothpaste and cat litter.
Demand for specific silica products is
closely tied to the outlook for key end
use industries. According to analyst
Larry Catsonis, “As a strong rebound
in building and construction spending is
expected in the forecast period, demand
for silica gel, which finds application
in a variety of coatings and paints, will
see its most significant gains.” The outlook for precipitated silica, on the other
hand, is tied strongly to the tire industry. Precipitated silica is finding greater
use as a filler and reinforcement agent in
tires, as it offers improved fuel economy
over conventional tires.
Precipitated silica will remain the
largest segment of the specialty silica
market in both volume and value terms.
Precipitated silica is also expected to be
the fastest growing specialty silica product through 2019, promoted by robust
gains in the large tire rubber sector, as
well as in coatings and inks. Overall
market value will benefit from the ongoing development of more expensive and
higher-performance precipitated silicas,
such as highly dispersible grades for tire
reinforcement.
Among specialty silica markets, the
rubber market is forecast to expand at
the most rapid pace through 2019, further strengthening its position as the leading outlet for specialty silicas. Though
advances in US rubber consumption will
slow as domestic production of motor
vehicles and other manufactured goods
posts weak growth, in the tire rubber segment precipitated silica will find higher
use and increased loadings in low rolling-resistance tires. Cosmetics and toiletries
represented the second largest market for
specialty silicas in both volume and value
terms in 2014 and will continue to do so
through the forecast period. Precipitated
silica is the most widely used product,
accounting for more than 80 percent of
demand in this market. CW
