Parking Deck Coatings Market Size to Surpass USD 194.6 Billion by 2032

0
168

The global parking deck coatings market had a size of USD 89.6 billion in 2022, and it is expected to grow at a rapid revenue compound annual growth rate (CAGR) of 9% during the forecast period. Factors such as the increasing number of parking structures, awareness of the need to maintain and repair aging buildings, and the rising demand for long-lasting and environment-friendly parking solutions are driving the demand for parking deck coatings. The lack of parking spots in cities and towns, along with the increasing number of vehicles on the road, is another reason for the growing need for parking structures. Government programs aimed at improving transportation and infrastructure are also expected to drive market revenue growth. However, factors such as the high price of parking deck coatings, scarcity of skilled workers, and strict laws governing the application of coatings could restrain market revenue growth.

The global parking deck coatings market is segmented by type into acrylic, epoxy, polyurethane, and others. The epoxy segment accounted for the largest revenue share in the market due to its remarkable durability, strength, and chemical resistance, which make it the best option for parking decks that are subject to heavy traffic and chemical spills. The polyurethane segment is expected to grow at a fast rate due to the rising need for high-performance coatings that provide higher resistance to abrasion, chemicals, and weathering. The acrylic segment is expected to grow at a fast rate due to its exceptional weather ability, UV resistance, and gloss retention characteristics that make it a perfect choice for external applications.

Based on end-use, the global parking deck coatings market is segmented into commercial, residential, and industrial. The commercial segment is expected to account for the largest revenue share in the market due to the increasing number of commercial structures that need vast parking spaces. The residential segment is expected to grow at a fast rate due to the increasing number of residential buildings that are built with multi-level parking structures. The industrial segment is expected to account for a large revenue share due to the rising number of industrial buildings with on-site parking.

Regionally, the North America market accounted for the largest revenue share in the market due to the rapid expansion of the construction industry in North America, particularly in the U.S. The Europe market is expected to grow at a steady rate due to the rising adoption of green buildings and emphasis on sustainable construction methods. The Asia Pacific market is expected to account for a considerably large revenue share in the market due to the rising need for parking facilities, increasing urbanization and population, and the increasing emphasis on infrastructure development, particularly in China.

Get a sample copy of the Parking Deck Coatings market report: https://www.reportsanddata.com/download-free-sample/6192

Parking Deck Coatings Market: Drive factors

The global parking deck coatings market is being driven by several factors, including the increasing number of parking structures due to a lack of parking spots in cities and towns caused by the growing number of vehicles on the road. Additionally, the rising demand for parking garages around the world is driving revenue growth in the market.

Another factor contributing to market growth is the increasing awareness of the need to maintain and repair outdated parking structures, which can deteriorate over time and result in structural damage, safety issues, and a loss of aesthetic appeal. Parking structure owners are spending money on maintenance and repair work, which includes using parking deck coatings to provide durable protection against the elements.

Customers are also looking for environmentally friendly parking structure solutions, and parking deck coatings are a desirable alternative for those searching for long-lasting and sustainable parking solutions due to their durability and sustainability.

Government programs aimed at improving transportation and infrastructure are also expected to drive market revenue growth, as there is a need for parking deck coatings as a result of government investments in the construction of new parking facilities and the renovation of old ones.

However, there are also factors that could restrain market revenue growth, including the high price of parking deck coatings, a scarcity of skilled workers, and strict laws governing the application of coatings.

Explore Trending Reports:

Chromatography Resins Market-https://www.reportsanddata.com/report-detail/chromatography-resins-market

Stearic Acid Market-https://www.reportsanddata.com/report-detail/stearic-acid-market

Printed Textile Market-https://www.reportsanddata.com/report-detail/printed-textile-market

Sprinkler Irrigation Systems Market-https://www.reportsanddata.com/report-detail/sprinkler-irrigation-systems-market

Compound Houttuynia Market-https://www.reportsanddata.com/report-detail/compound-houttuynia-market

Water Desalination Equipment Market-https://www.reportsanddata.com/report-detail/water-desalination-equipment-market

Request a customization of the report: https://www.reportsanddata.com/request-customization-form/6192

Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.

About Reports and Data    

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

John W

(Head of Business Development)

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Blogs | Press Release | Industry News | Our competencies

Browse More Upcoming Reports @ https://www.reportsanddata.com/upcoming-reports

Browse More Latest Reports @ https://www.reportsanddata.com/report

Browse Latest Blogs: https://www.reportsanddata.com/blogs

Browse Latest Press Release: https://www.reportsanddata.com/press-release

Pesquisar
Categorias
Leia Mais
Outro
Flexible Foam Market by Industry Size, Trends, Growth, Shares, By Top Players, And Forecast 2028
The ‘Global Flexible Foam Market Share, Size, Growth, Analysis, Report and Forecast...
Por James Rowan 2023-02-15 12:35:46 0 45
Outro
Cumene Market Share, Advance Technology, Future Outlook 2030
Market Analysis: Cumene Market Share is projected to be worth USD 28.02 Billion by 2030,...
Por Rahul Miller 2023-04-11 08:13:13 0 48
Outro
AngularJS Development's Major Advantages for Your Company – Baniwal Infotech
AngularJS is a post popular framework among developers for creating visually beautiful user...
Por Baniwal Infotech 2023-02-21 06:45:12 0 46
Networking
underwater lighting market Outlook Opportunity Assessment and Potential of the Market by 2030
Underwater Lighting Market Analysis Market Research Future (MRFR) presumes the global underwater...
Por Nitikesh Lavhale 2023-01-03 10:19:29 0 61
Party
China 3PC Ball Valve Clamp End suppliers
China 3PC Ball Valve Clamp End suppliers Our Product Ball valve Product Application Chemical...
Por Qwee4286 Qwee4286 2023-01-04 00:42:31 0 50