糖心vlog传媒

logo

Floor Coatings Market Size (2024 - 2029)

The floor coatings market is projected to experience growth over the forecast period, driven by rising awareness of their benefits and increased housing construction in emerging economies. Despite challenges posed by strict VOC regulations, the market is poised for expansion due to the growing demand for eco-friendly bio-based options and the effective performance of polyaspartic coatings. The Asia-Pacific region leads in market consumption, with significant contributions from China and India.

Home Market Analysis Chemicals & Materials Research Paints and Coatings Research Floor Coatings Market Market Size

Market Size of Floor Coatings Industry

Floor Coatings Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 10.53 Billion
Market Size (2029) USD 12.53 Billion
CAGR (2024 - 2029) 4.50 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Floor Coatings Market Major Players

*Disclaimer: Major Players sorted in no particular order

Floor Coatings Market Analysis

The Floor Coatings Market size is estimated at USD 10.53 billion in 2024, and is expected to reach USD 12.53 billion by 2029, at a CAGR of 4.5% during the forecast period (2024-2029).

The floor coatings market faced setbacks due to COVID-19. Global lockdowns and stringent government regulations led to widespread shutdowns of production hubs. However, the market rebounded in 2021 and is projected to see significant growth in the upcoming years.

  • Over the short term, growing awareness about the advantages of floor coatings and increasing construction activities across the globe are the major factors driving the demand for the market studied.
  • However, strict regulations on VOCs released from floor coatings and the benefits of concrete polishing over floor coatings are expected to hinder the market's growth.
  • Nevertheless, the increasing popularity of eco-friendly bio-based floor coatings and the promising performance of polyaspartic coatings are expected to create new opportunities for the market studied.
  • Asia-Pacific region is expected to dominate the market across the world, with the majority of demand coming from China and India.

Floor Coatings Industry Segmentation

Floor coatings serve as protective layers applied to floor surfaces, shielding them from damage, wear, and tear. These coatings aim to deliver a durable, low-maintenance, and visually appealing surface, resilient against stresses like foot traffic, spills, stains, and chemical exposure. Common applications include warehouses, chemical plants, and production floors.

The floor coatings market is segmented by product type, floor material, end-user industry, and geography. By product type, the market is segmented into epoxy, polyaspartics, acrylic, polyurethane, and other product types. By floor material, the market is segmented into wood, concrete, and other floor materials. By end-user industry, the market is segmented into decorative (including residential and commercial), industrial, and car parks. The report also covers the market sizes and forecasts for the global floor coatings market in 27 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of value (USD).

Product Type
Epoxy
Polyaspartics
Acrylic
Polyurethane
Other Product Types
Floor Material
Wood
Concrete
Other Floor Materials
End-user Industry
Residential
Commercial
Industrial
Geography
Asia-Pacific
China
India
Japan
South Korea
Malaysia
Thailand
Indonesia
Vietnam
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Nordic Countries
Turkey
Russia
Rest of Europe
South America
Brazil
Argentina
Colombia
Rest of South America
Middle-East and Africa
Saudi Arabia
Qatar
United Arab Emirates
Nigeria
Egypt
South Africa
Rest of Middle-East and Africa
Need A Different Region Or Segment?
Customize Now

Floor Coatings Market Size Summary

The floor coatings market is poised for steady growth, driven by increasing awareness of their benefits and rising construction activities in emerging economies. The market experienced a temporary setback due to the COVID-19 pandemic, but demand has since rebounded to pre-pandemic levels. The Asia-Pacific region leads the market, with significant consumption in China and India, where the construction industry is expanding rapidly. The industrial sector, particularly in chemicals, automotive, and food and beverages, remains the dominant consumer of floor coatings, emphasizing the need for high-performance, chemical-resistant flooring to ensure safety and hygiene. The market is also witnessing a shift towards eco-friendly and bio-based coatings, presenting new growth opportunities.

Despite the promising growth prospects, the market faces challenges from stringent regulations on volatile organic compounds (VOCs) emissions. However, the increasing popularity of polyaspartic coatings and the expansion of the construction sector in Asia-Pacific are expected to drive market growth. The market is highly fragmented, with key players like Sika AG, Akzo Nobel N.V., and PPG Industries, Inc. actively expanding their portfolios through strategic acquisitions and innovations. These developments, coupled with significant investments in the construction and industrial sectors, particularly in the United States and China, are likely to sustain the market's growth trajectory over the forecast period.

Explore More

Floor Coatings Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Awareness about the Advantages of Floor Coatings

      2. 1.1.2 Increasing Construction Activities across the Globe

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Strict Regulations on VOCs Released for Floor Coatings

      2. 1.2.2 Benefits of Concrete Polishing over Floor Coatings

      3. 1.2.3 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Product Type

      1. 2.1.1 Epoxy

      2. 2.1.2 Polyaspartics

      3. 2.1.3 Acrylic

      4. 2.1.4 Polyurethane

      5. 2.1.5 Other Product Types

    2. 2.2 Floor Material

      1. 2.2.1 Wood

      2. 2.2.2 Concrete

      3. 2.2.3 Other Floor Materials

    3. 2.3 End-user Industry

      1. 2.3.1 Residential

      2. 2.3.2 Commercial

      3. 2.3.3 Industrial

    4. 2.4 Geography

      1. 2.4.1 Asia-Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 India

        3. 2.4.1.3 Japan

        4. 2.4.1.4 South Korea

        5. 2.4.1.5 Malaysia

        6. 2.4.1.6 Thailand

        7. 2.4.1.7 Indonesia

        8. 2.4.1.8 Vietnam

        9. 2.4.1.9 Rest of Asia-Pacific

      2. 2.4.2 North America

        1. 2.4.2.1 United States

        2. 2.4.2.2 Canada

        3. 2.4.2.3 Mexico

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 United Kingdom

        3. 2.4.3.3 France

        4. 2.4.3.4 Italy

        5. 2.4.3.5 Spain

        6. 2.4.3.6 Nordic Countries

        7. 2.4.3.7 Turkey

        8. 2.4.3.8 Russia

        9. 2.4.3.9 Rest of Europe

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Colombia

        4. 2.4.4.4 Rest of South America

      5. 2.4.5 Middle-East and Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 Qatar

        3. 2.4.5.3 United Arab Emirates

        4. 2.4.5.4 Nigeria

        5. 2.4.5.5 Egypt

        6. 2.4.5.6 South Africa

        7. 2.4.5.7 Rest of Middle-East and Africa

Floor Coatings Market Size FAQs

The Floor Coatings Market size is expected to reach USD 10.53 billion in 2024 and grow at a CAGR of 4.5% to reach USD 12.53 billion by 2029.

In 2024, the Floor Coatings Market size is expected to reach USD 10.53 billion.

Floor Coatings Market Report Snapshots

Floor Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)