Canada Concrete Floor Coatings Market: High Resilience and low Environmental Impact Seen as Key Factors of Appeal, TMR
The Canada concrete floor coatings market features a highly consolidated competitive landscape, with the top five contributors to the market holding a substantial 70% of the overall market in 2016, says Transparency Market Research in a recent report. Strong growth of these leading companies, namely The Sherwin Williams Company, PPG Industries Inc., BASF SE, RPM International Inc., and Sika AG, is largely attributed to their continual efforts towards attaining technological expertise and introducing innovative products to the market. Expanding their geographical reach with the help of strategic acquisitions and mergers is one of the key growth strategies adopted by companies in the market to strengthen their hold. An instance is BASF SE’s recent acquisition. In December 2016, the company acquired Chemtell Group’s surface treatment business from Albemarle Corp. in Charlotte, North Carolina to improve its coatings portfolio as well as its position as a complete solutions provi...