US Home Improvement Statistics 2020 | Market Size, Future Demand, Technology, Top Leading Player, Emerging Trends and Regional Forecast to 2025

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Sep 23, 2020 (Heraldkeepers) —
Global Home Improvement Market is valued at USD 849.31 Billion in 2019 and expected to reach USD 1155.79 Billion by 2026 with the CAGR of 4.5% over the forecast period.

Brandessece Market Research recently added the Home Improvement Market research report which offers a thorough study of the market scenario regarding the market size, share, demand, growth, trends, and forecast from 2020-2026. The report deals with the impact analysis of the COVID-19 pandemic. The COVID-19 pandemic has impacted exports, imports, demand and trends in the industry and is expected to have some economic impact on the market. The report offers a comprehensive analysis of the impact of the pandemic across the industry and provides insights into a post-COVID-19 market scenario.

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Scope of US Home Improvement Market Report-

The home improvement referred as the process of renovating or making additions to one’s home. It is also known as remodeling or renovation. It can consist of activities which upgrade existing home interior, exterior or other improvements to the property. This is because home improvement is also a great opportunity to improve the comfort, safety and energy performance of house or apartment by adding or raise insulation. While home improvement often refers to building projects that change the structure of an existing home, it can also include improvements to lawns, gardens and outdoor structures, such as gazebos and garages. It also includes maintenance, repair, and general servicing tasks. US home improvement industry is expected to show a significant growth in the coming few years. According to the Joint Center for Housing Studies of Harvard University; Boomers are expected to account for 56% of all residential remodeling spending by 2025,

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How Polyaspartic Coatings Created a Lucrative Growth Market in Home Remodeling

During the past 6 years garage restoration has emerged as the largest growth market in home remodeling. Franchises have been built selling garage cabinets, organizing systems and epoxy coated decorative flooring.

The one area that has stifled growth of this market is the concrete flooring. Most garage floor concrete slabs are built on grade. The problem is that earth has a lot of moisture. When the earth gets saturated with moisture it pushes upward from pressure. The pressure can be so strong that moisture vapor will push upwards through concrete. This is called hydrostatic pressure.

If you ever put a rubber mat on a concrete floor and found moisture underneath, hydrostatic pressure is the cause. Moisture pressure underneath a garage floor concrete slab will push upwards through air holes, capillaries and cracks. Moisture will push to the surface and pushes salts in the concrete upwards as well. When the moisture and salts reach an epoxy coating it starts breaking down the chemical cross linking of the coating. This causes chipping and delaminates coatings. In some cases a coating will peel off the floor in sheets.

The theory to solve the problem is to etch the floor providing more surface area for the coating to stick to. Some products promote etching the floor with an acid solution. The problem is two-fold. First, acid particles can get into small pinholes in the concrete. Even when washing the surface it does not remove all the small acid particles. Secondly washing the acid off saturates the concrete with water. It can take weeks for the floor to fully dry even though it looks and feels dry. Later when you add the coating, the coating will reactivate the acid eventually causing chipping. Dirt, sand and tires will abrade the surface and you have an unsightly …

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