The U.S. Parking Deck Coatings Market size is
anticipated to reach USD 140.6 million by 2027, expanding at a CAGR of 7.5%,
according to a new report by Grand View Research, Inc. Developments in the
construction industry are likely to drive the demand for parking deck coatings.
Increasing use of environment-friendly and energy saving products is also
expected to influence the market positively.
The market is anticipated to be driven by
rising construction activities in U.S. and the ascending demand for parking
spaces in commercial buildings. The coating is used to offer high-temperature
resistance to both indoor and outdoor areas as well as for protecting floors
against wear and tear in parking decks. In addition, these coatings offer
resistance to a broad range of contaminants found in parking and offer
excellent flexible finish to withstand stresses that rubber tires impart onto
the coat system.
Epoxy resins are made from a class of
synthetic thermosetting polymers containing an epoxide group. The resins are
widely used in parking structures owing to their excellent properties such as
color stability, UV and weather-resistance, extreme temperature resistance, and
waterproofing and blistering. All these properties help in minimizing
installation labor costs and support parking garages to get back up and run in
a short interval of time.
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this report@ https://www.grandviewresearch.com/industry-analysis/us-parking-deck-coatings-market
Further key
findings from the repot suggest:
- Polyurethane emerged as the fastest growing product segment in the
market as it offers consistent finish, safety, and high-performance in
extreme temperatures and various environmental conditions
- Rising demand for environment-friendly and energy saving products
and solutions is expected to drive the U.S. parking deck coatings market
- The double-component technology segment accounted for market share
of 31.6% in 2019 and is projected to witness the highest CAGR over
forecast period
- Stringent environmental rules and regulations and focus on indoor
air quality is anticipated to drive the epoxy segment
- Increasing investment from government and private institutions in
the construction sector is projected to contribute to the rising demand
for these coatings
- Key players in the market include Tennant Coatings; LATICRETE
International, Inc.; Dur-A-Flex, Inc.; Sika AG; Tremco Incorporated; and
Prime Resins Inc.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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Grand View Research, Inc
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Email: sales@grandviewresearch.com
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