Canada Concrete Floor Coatings Market to Expand Due to Rapid Infrastructural Growth Across the Country
The Canada market for concrete floor coatings is characterized by a highly consolidated competitive landscape because of the strongholds of a handful of market players. There is a need to have skilled labor, effective techniques, and a robust industrial base to manufacture concrete floor coatings, and hence, only a countable number of players have risen to reckon in the market. In 2016, 70% of the total market share was held by the top five players in the Canada market for concrete floor coatings. These market players are PPG Industries Inc., RPM International Inc., The Sherwin Williams Company, BASF SE, and Sika AG, and each of them has a unique selling point that aids its growth. Furthermore, these market players have made continual efforts to make their production more agile and nimble, which has helped them in reducing the operating costs. Technological expertise and product innovation have been the crux of the business strategies of the aforementioned market players. Although other market players also coexist in the market, there is little scope of growth for them because a major market share is held by the top five players. There are strong barriers to the entry of new players into the market and their sustenance is even more difficult. Request For Sample @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id= 26021 A report published by Transparency Market Research (TMR) forecasts the growth rate of the Canada concrete floor coatings market over the period between 2017 and 2025. The Canada market is expected to expand at a steady CAGR of 5.2% over the aforementioned forecast period. Furthermore, the market was