The U.S. parking deck coatings market size is expected to reach USD 152.2 million by 2030, expanding at a CAGR of 6.9% from 2023 to 2030. The growth is majorly driven by rising construction activities in the U.S. and the ascending demand for parking spaces in commercial buildings. The increasing usage of energy-saving and environment-friendly products is also expected to positively impact the market.
The rising demand for parking space in office complexes, hospitals, educational institutes, and other public locations in the U.S. is anticipated to boost the consumption of effective parking deck solutions for providing wear & tear, corrosion, and thermal resistance. This, in turn, is predicted to fuel the demand for parking deck coatings in the coming years.
Pigments, such as fillers, extenders, titanium dioxide, and color pigments, are used in the product as raw materials. Titanium dioxide is a major non-crude oil derivative raw material that majorly affects product manufacturers. The manufacturing process of titanium oxide largely contributes to environmental pollution. The Chinese government in the past shut down and suspended several manufacturing plants in the country owing to rising environmental concerns.
The U.S. commercial construction industry has witnessed significant growth owing to increasing infrastructural developments. According to the Associated General Contractors of America (AGC), the construction industry has a major contribution to the economy of the U.S. and creates structures worth around USD 1.4 trillion annually. These factors have provided ample opportunities to investors in recent years, which are likely to trigger spending on parking structure construction in the country.
The rising demand for parking space in office complexes, hospitals, educational institutes, and other public locations in the U.S. is anticipated to boost the consumption of effective parking deck solutions for providing wear & tear, corrosion, and thermal resistance. This, in turn, is predicted to fuel the demand for parking deck coatings in the coming years.
Pigments, such as fillers, extenders, titanium dioxide, and color pigments, are used in the product as raw materials. Titanium dioxide is a major non-crude oil derivative raw material that majorly affects product manufacturers. The manufacturing process of titanium oxide largely contributes to environmental pollution. The Chinese government in the past shut down and suspended several manufacturing plants in the country owing to rising environmental concerns.
The U.S. commercial construction industry has witnessed significant growth owing to increasing infrastructural developments. According to the Associated General Contractors of America (AGC), the construction industry has a major contribution to the economy of the U.S. and creates structures worth around USD 1.4 trillion annually. These factors have provided ample opportunities to investors in recent years, which are likely to trigger spending on parking structure construction in the country.
U.S. Parking Deck Coatings Market Report Highlights
- In 2022, polyurethane emerged as the dominating product segment by contributing over 40% of the revenue share. This is attributed to its properties including superior substrate adhesion and high chemical & stain resistance
- Epoxy was the second largest product segment and is predicted to grow at a CAGR of 6.5% over the forecast period owing to the minimization of installation labor costs
- The single component was the dominating technology segment in 2022 accounting for a revenue share of around 44%. The segment is likely to grow as they are economical, easy to apply, and impervious.
Table of Contents
Chapter 1 Methodology and Scope1.1 Market Segmentation & Scope
1.2 Market Definition
1.3 Information Procurement
1.3.1 Information Analysis
1.3.2 Market Formulation & Data Visualization
1.3.3 Data Validation & Publishing
1.4 Research Scope and Assumptions
1.4.1 List of Data Sources
Chapter 2 Executive Summary
2.1 Market Snapshot
2.2 Segmental Outlook
2.3 Competitive Landscape
Chapter 3 U.S. Parking Deck Coatings Market Variables, Trends, & Scope
3.1 Market Lineage Outlook
3.1.1 Global Coating Market Outlook
3.2 Penetration & Growth Prospects Mapping
3.3 Industry Value Chain Analysis
3.3.1 Raw Material Trends
3.3.2 Manufacturing Trend
3.3.3 Sales Channel Analysis
3.4 Technology overview
3.5 Price Trend Analysis
3.5.1 Factors InfLuencing Prices
3.6 Regulatory Framework
3.6.1 Standard & Compliances
3.6.2 Safety
3.6.2.1 Epoxy
3.6.2.2 acrylic
3.6.2.3 Polyurethane
3.7 Impact of COVID-19
3.8 Market Dynamics
3.8.1 Market Driver Analysis
3.8.1.1 Ascending demand for the parking structure
3.8.1.2 Growing construction industry in the U.S.
3.8.2 Market Restraint Analysis
3.8.2.1 Stringent regulations regarding toxic solvents
3.9 Business Environment Analysis: U.S. Parking Deck Coatings Market
3.9.1 Porter’s Five Forces Analysis
3.9.2 PESTEL Analysis
Chapter 4 U.S. Parking Deck Coatings Market: Suppliers Portfolio Analysis
4.1 Raw Material Procurement Analysis
4.2 List of Key Raw Material Suppliers
4.3 Portfolio Analysis
4.4 Engagement Model
4.5 Negotiation Strategies
4.5.1 Risk Mitigation By Decreasing Dependency On One Supplier
4.5.2 Tracking Raw Material Prices continuously
4.6 Sourcing Best Practices
Chapter 5 U.S. Parking Deck Coatings Market: Product Estimates & Trend Analysis
5.1 Product Movement Analysis & Market Share, 2022 & 2030 (Tons) (USD Million)
5.2 U.S Parking Deck Coatings Market Size, Forecasts, and Trend Analysis, By Product, 2018 - 2030 (Tons) (USD Million)
5.2.1 Polyurethane
5.2.2 Epoxy
5.2.3 Polyaspartic
5.2.4 Methyl Methacrylate
5.2.5 Acrylic
5.2.6 Others
Chapter 6 U.S. Parking Deck Coatings Market: Technology Estimates & Trend Analysis
6.1 Technology Movement Analysis & Market Share, 2022 & 2030 (Tons) (USD Million)
6.2 U.S Parking Deck Coatings Market Size, Forecasts, and Trend Analysis, By Technology, 2018 - 2030 (Tons) (USD Million)
6.2.1 Single-Component
6.2.2 Double-Component
6.2.3 Triple-Component
6.2.4 Others
Chapter 7 Competitive Landscape
7.1 Key Global Players, Recent Developments, & Their Impact on the Industry
7.2 Key Company/Competition Categorization
7.3 Vendor Landscape
7.3.1 List Of Key Distributors & Channel Partners
7.3.2 Key Contractor/Installation Service Provider
7.4 Public Companies
7.4.1 Competitive Dashboard Analysis
7.5 Private Companies
7.5.1 List of Key Emerging Companies/Technology Disruptors/Innovators and their geographical presence
7.6 Key Parking Deck Projects in U.S.
Chapter 8 Company Profiles
8.1 Tennant Coatings
8.1.1 Company Overview
8.1.2 Financial Performance
8.1.3 Product Benchmarking
8.1.4 Strategic Initiatives
8.2 LATICRETE International, Inc.
8.2.1 Company Overview
8.2.2 Product Benchmarking
8.2.3 Strategic Initiatives
8.3 Dur-A-Flex, Inc.
8.3.1 Company Profile
8.3.2 Product Benchmarking
8.3.3 Strategic Initiatives
8.4 Sika AG
8.4.1 Company Overview
8.4.2 Financial Performance
8.4.3 Product Benchmarking
8.4.4 Strategic Initiatives
8.5 Tremco Incorporated
8.5.1 Company Overview
8.5.2 Product Benchmarking
8.6 Prime Resins Inc.
8.6.1 Company Overview
8.6.2 Product Benchmarking
8.7 Westcoat Specialty Coating Systems
8.7.1 Company Overview
8.7.2 Product Benchmarking
8.7.3 Strategic Initiatives
8.8 EPMAR Corporation
8.8.1 Company Overview
8.8.2 Product Benchmarking
8.9 Stonhard, Inc.,
8.9.1 Company Overview
8.9.2 Product Benchmarking
8.9.3 Strategic Initiatives
8.10 Dex-O-Tex (A Division of Crossfield Products Corp.)
8.10.1 Company Overview
8.10.2 Product Benchmarking
8.11 PPG Industries, Inc.
8.11.1 Company Overview
8.11.2 Financial Performance
8.11.3 Product Benchmarking
List of Tables
Table 1 List of Key Raw Material Suppliers
Table 2 U.S. Parking Deck Coatings Market Volume Estimates and Forecast, By Product, 2018 - 2030 (Tons)
Table 3 U.S. Parking Deck Coatings Market Revenue Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
Table 4 U.S. Parking Deck Coatings Market Volume Estimates and Forecast, By Technology, 2018 - 2030 (Tons)
Table 5 U.S. Parking Deck Coatings Market Revenue Estimates and Forecast, By Technology, 2018 - 2030 (USD Million)
Table 6 List of Key Global Players, Recent Developments, & their Impact on the Industry
Table 7 List of Key Company/Competition Categorization
Table 8 List of Key Distributors & Channel Partners
Table 9 Key Contractor/Installation Service Provider
Table 10 List of Key Emerging Companies/Technology Disruptors/Innovators and Their Geographical Presence
Table 11 List of Key Parking Deck Projects in the U.S.
List of Figures
Fig. 1 U.S. Parking Deck Coatings Market Segmentation
Fig. 2 Information Procurement
Fig. 3 Data Analysis Models
Fig. 4 Market Formulation And Validation
Fig. 5 Data Validating & Publishing
Fig. 6 U.S. Parking Deck Coatings Market Snapshot
Fig. 7 U.S. Parking Deck Coatings Market Segmentation
Fig. 8 U.S. Parking Deck Coatings Market Segmentation
Fig. 9 Competitive Landscape Snapshot
Fig. 10 U.S. Parking Deck Coatings Market Volume & Revenue, 2018 - 2030, (Tons) (USD Million)
Fig. 11 U.S. Parking Deck Coating Market: Value Chain Analysis
Fig. 12 Price Trend Analysis, 2018 - 2030 (USD/Kg)
Fig. 13 U. S. Parking Deck Coatings - Market Dynamics
Fig. 14 U. S. Total Revenue for Parking Lots and Garages, 2016 - 2021 (USD Billion)
Fig. 15 Porter's Five Forces Analysis: U.S. Parking Deck Coatings Market
Fig. 16 PESTEL Analysis: U.S. Parking Deck Coatings Market
Fig. 17 U.S. Parking Deck Coatings Market Revenue Share, By Product, 2022 & 2030 (%)
Fig. 18 U.S. Parking Deck Coatings Market Revenue Share, By Technology, 2022 & 2030 (%)
Fig. 19 Competitive Dashboard Analysis
Companies Mentioned
- Tennant Coatings
- LATICRETE International, Inc.
- Dur-A-Flex, Inc.
- Sika AG
- Tremco Incorporated
- Prime Resins Inc.
- Westcoat Specialty Coating Systems
- EPMAR Corporation
- Stonhard, Inc.,
- Dex-O-Tex (A Division of Crossfield Products Corp.)
- PPG Industries, Inc.
Methodology
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