Floor Coatings Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Floor Coatings Market
The Floor Coatings market size was valued at USD 2.687 billion in 2019, and the market is now projected to grow from USD 2.687 billion in 2019 to USD 4.734 billion by 2027, exhibiting a CAGR of 7.8% during the forecast period of 2019-2027.
The COVID-19 pandemic has been the most disruptive force in the floor Coatings market growth. While manufacturing has resumed staggered at most of the coating manufacturing gadgets, the ever-growing wide variety of cases and falling demand have generated uncertainty among the main manufacturers of coatings. Lockdown measures across countries have precipitated massive disruptions within the coatings industry’s entire production and delivery chain. Also, businesses are going through an extreme shortage of professional and unskilled exertions as workers within the manufacturing sectors across international locations have again to their hometowns.
The growing patron demand for excessive-performance, green concrete coatings is attributed to many sustainability factors and the growing Floor Coatings market share. Stricter VOC and scent controls are a part of the sustainability measures. In maximum building tasks, as sustainability standards end up more than unusual, coating technologies are required to evolve or move extinct. Polyurethane coatings may evolve to have important sturdiness, recycled materials, and other specs, adhering to the standards currently described with the aid of several green building guidelines due to their extensively flexible characteristics. There are a few coating strategies for protecting concrete in the constructed surroundings regarding longevity and rapid return-to-provider durations that supply the long-term, proven performance of these based on the polyurethane era.
Additionally, innovation and sustainability are key focus areas within the coatings enterprise. This includes developing substances with low carbon emissions, minimal volatile organic compounds (VOCs), green components, and sturdy, inexperienced approaches. Using sustainable products to lessen carbon footprints, removing poisonous chemical compounds, incorporating bio-renewables, utilising recycled substances, and reducing strength intake and waste are vital techniques that are predicted to create market opportunities.
Comprehensive Analysis of Floor Coatings Market
The floor coatings market is segmented primarily based on resin, coating components, floor fabric, and cease-use. By resin, the epoxy segment dominates due to its sturdiness, impact resistance, and large use in industrial and industrial sectors for concrete floors. In phrases of coating additives, the one-component phase holds a sizeable percentage thanks to its clean application and fee effectiveness. Based on flooring fabric, concrete is the most commonly used due to its decreased value, high tensile energy, and superior safety in opposition to corrosion, microorganisms, and chemical substances. Regarding quit-use, the industrial section leads the market, pushed using increasing demand from production centres and the fast growth of commercial and industrial structures globally.
Asia Pacific dominated the floor coatings market with a market share of 42.28% in 2019. The growing residential, industrial, and industrial construction activities in developing economies, inclusive of China, India, Indonesia, and Malaysia, are anticipated to gasoline the call for coatings. Rapid industrialisation coupled with government tasks to help and promote the development and infrastructural activities in Asian nations is anticipated to boost the market.
The top players in the market play a crucial role in the industry, assuring industrial prospectus growth and setting market standards. These players RPM International Inc. (U.S.), BASF SE (Germany), Akzo Nobel N.V. (Netherlands), The Sherwin-Williams Company (U.S.), Jotun (Norway), Asian Paints Ltd. (India), Nippon Paint Holdings Co. (Singapore), ADCOS NV (Malle, Belgium) and Tennant Coatings (U.S.)
In August 2020 – Nippon Paint Holdings Co. Acquired the Australian paint maker DuluxGroup Ltd, which has the pinnacle percentage in the paint and coating industry in Australia and New Zealand. With this purchase, Nippon Paint Holdings Co. Objectives to enhance its business operations abroad.
Segmentation Table
Global Floor Coatings Market Scope
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Growth Rate CAGR of 7.8% from 2024-2032
Historical Period 2016-2018
Unit Value (USD Billion)
Segmentation By Resin; Component; Flooring Material; End-use; and Region
By Resin
Epoxy
Polyaspartic
Polyurethane
Others
By Components
One-Component
Two-Component
Three-Component
Others
By Flooring Material
Concrete
Wood
Terrazzo
Others
By End-use
Industrial
Commercial
Residential
By Region
North America (By Resin, Component, Flooring Material, and End-use)
U.S. (By End-use )
Canada (By End-use )
Europe ( By Resin, Component, Flooring Material, and End-use)
U.K. (By End-use)
Germany (by End-User)
France (By End-User)
Italy (By End-User)
Spain (By End-User)
Russia & CIS (By End-use)
Rest of Europe (By End-User)
Asia Pacific ( By Resin, Component, Flooring Material, and End-use)
China (By End-User)
Japan (By End-User)
India (By End-User)
South Korea (By End-use)
ASEAN (By End-use)
of Asia Pacific (By End-User)
Latin America ( By Resin, Component, Flooring Material, and End-use)
Brazil (By End-User)
Mexico (By End-User)
Rest of Latin America (By End-User)
Middle East & Africa ( By Resin, Component, Flooring Material, and End-use)
GCC (By End-User)
South Africa (By End-User)
Rest of Middle East & Africa (By End-User)
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Emerging Trends
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Industry SWOT Analysis
- 4.3. Regulatory Analysis
- 4.4. Recent Industry Developments - Policies, Partnerships, New Resin Launches, and Mergers & Acquisitions
- 5. Qualitative Insights – Impact of COVID-19 on Global Floor Coatings Market
- 5.1. Supply Chain Challenges
- 5.2. Steps taken by Government/Companies to overcome this impact
- 5.3. Potential opportunities due to COVID-19 outbreak
- 6. Global Floor Coatings Market Analysis, Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Resin (Volume/Value)
- 6.2.1.1. Epoxy
- 6.2.1.2. Polyaspartic
- 6.2.1.3. Polyurethane
- 6.2.1.4. Others
- 6.2.2. By Component (Volume/Value)
- 6.2.2.1. One-Component
- 6.2.2.2. Two-Component
- 6.2.2.3. Three-Component
- 6.2.2.4. Others
- 6.2.3. By Flooring Material (Volume/Value)
- 6.2.3.1. Concrete
- 6.2.3.2. Wood
- 6.2.3.3. Terrazzo
- 6.2.3.4. Others
- 6.2.4. By End-use (Volume/Value)
- 6.2.4.1. Industrial
- 6.2.4.2. Commercial
- 6.2.4.3. Residential
- 6.2.5. By Region (Volume/Value)
- 6.2.5.1. North America
- 6.2.5.2. Europe
- 6.2.5.3. Asia Pacific
- 6.2.5.4. Latin America
- 6.2.5.5. Middle East & Africa
- 7. North America Floor Coatings Market Analysis, Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Resin (Volume/Value)
- 7.2.1.1. Epoxy
- 7.2.1.2. Polyaspartic
- 7.2.1.3. Polyurethane
- 7.2.1.4. Others
- 7.2.2. By Component (Volume/Value)
- 7.2.2.1. One-Component
- 7.2.2.2. Two-Component
- 7.2.2.3. Three-Component
- 7.2.2.4. Others
- 7.2.3. By Flooring Material (Volume/Value)
- 7.2.3.1. Concrete
- 7.2.3.2. Wood
- 7.2.3.3. Terrazzo
- 7.2.3.4. Others
- 7.2.4. By End-use (Volume/Value)
- 7.2.4.1. Industrial
- 7.2.4.2. Commercial
- 7.2.4.3. Residential
- 7.2.5. By Country (Volume/Value)
- 7.2.5.1. U.S.
- 7.2.5.1.1. By End-use (Volume/Value)
- 7.2.5.1.1.1. Industrial
- 7.2.5.1.1.2. Commercial
- 7.2.5.1.1.3. Residential
- 7.2.5.2. Canada
- 7.2.5.2.1. By End-use (Volume/Value)
- 7.2.5.2.1.1. Industrial
- 7.2.5.2.1.2. Commercial
- 7.2.5.2.1.3. Residential
- 8. Europe Floor Coatings Market Analysis, Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Resin (Volume/Value)
- 8.2.1.1. Epoxy
- 8.2.1.2. Polyaspartic
- 8.2.1.3. Polyurethane
- 8.2.1.4. Others
- 8.2.2. By Component (Volume/Value)
- 8.2.2.1. One-Component
- 8.2.2.2. Two-Component
- 8.2.2.3. Three-Component
- 8.2.2.4. Others
- 8.2.3. By Flooring Material (Volume/Value)
- 8.2.3.1. Concrete
- 8.2.3.2. Wood
- 8.2.3.3. Terrazzo
- 8.2.3.4. Others
- 8.2.4. By End-use (Volume/Value)
- 8.2.4.1. Industrial
- 8.2.4.2. Commercial
- 8.2.4.3. Residential
- 8.2.5. By Country (Volume/Value)
- 8.2.5.1. Germany
- 8.2.5.1.1. By End-use (Volume/Value)
- 8.2.5.1.1.1. Industrial
- 8.2.5.1.1.2. Commercial
- 8.2.5.1.1.3. Residential
- 8.2.5.2. UK
- 8.2.5.2.1. By End-use (Volume/Value)
- 8.2.5.2.1.1. Industrial
- 8.2.5.2.1.2. Commercial
- 8.2.5.2.1.3. Residential
- 8.2.5.3. France
- 8.2.5.3.1. By End-use (Volume/Value)
- 8.2.5.3.1.1. Industrial
- 8.2.5.3.1.2. Commercial
- 8.2.5.3.1.3. Residential
- 8.2.5.4. Italy
- 8.2.5.4.1. By End-use (Volume/Value)
- 8.2.5.4.1.1. Industrial
- 8.2.5.4.1.2. Commercial
- 8.2.5.4.1.3. Residential
- 8.2.5.5. Spain
- 8.2.5.5.1. By End-use (Volume/Value)
- 8.2.5.5.1.1. Industrial
- 8.2.5.5.1.2. Commercial
- 8.2.5.5.1.3. Residential
- 8.2.5.6. Russia & CIS
- 8.2.5.6.1. By End-use (Volume/Value)
- 8.2.5.6.1.1. Industrial
- 8.2.5.6.1.2. Commercial
- 8.2.5.6.1.3. Residential
- 8.2.5.7. Rest of Europe
- 8.2.5.7.1. By End-use (Volume/Value)
- 8.2.5.7.1.1. Industrial
- 8.2.5.7.1.2. Commercial
- 8.2.5.7.1.3. Residential
- 9. Asia-Pacific Floor Coatings Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Resin (Volume/Value)
- 9.2.1.1. Epoxy
- 9.2.1.2. Polyaspartic
- 9.2.1.3. Polyurethane
- 9.2.1.4. Others
- 9.2.2. By Component (Volume/Value)
- 9.2.2.1. One-Component
- 9.2.2.2. Two-Component
- 9.2.2.3. Three-Component
- 9.2.2.4. Others
- 9.2.3. By Flooring Material (Volume/Value)
- 9.2.3.1. Concrete
- 9.2.3.2. Wood
- 9.2.3.3. Terrazzo
- 9.2.3.4. Others
- 9.2.4. By End-use (Volume/Value)
- 9.2.4.1. Industrial
- 9.2.4.2. Commercial
- 9.2.4.3. Residential
- 9.2.5. By Country (Volume/Value)
- 9.2.5.1. China
- 9.2.5.1.1. By End-use (Volume/Value)
- 9.2.5.1.1.1. Industrial
- 9.2.5.1.1.2. Commercial
- 9.2.5.1.1.3. Residential
- 9.2.5.2. Japan
- 9.2.5.2.1. By End-use (Volume/Value)
- 9.2.5.2.1.1. Industrial
- 9.2.5.2.1.2. Commercial
- 9.2.5.2.1.3. Residential
- 9.2.5.3. India
- 9.2.5.3.1. By End-use (Volume/Value)
- 9.2.5.3.1.1. Industrial
- 9.2.5.3.1.2. Commercial
- 9.2.5.3.1.3. Residential
- 9.2.5.4. South Korea
- 9.2.5.4.1. By End-use (Volume/Value)
- 9.2.5.4.1.1. Industrial
- 9.2.5.4.1.2. Commercial
- 9.2.5.4.1.3. Residential
- 9.2.5.5. ASEAN
- 9.2.5.5.1. By End-use (Volume/Value)
- 9.2.5.5.1.1. Industrial
- 9.2.5.5.1.2. Commercial
- 9.2.5.5.1.3. Residential
- 9.2.5.6. Rest of Asia Pacific
- 9.2.5.6.1. By End-use (Volume/Value)
- 9.2.5.6.1.1. Industrial
- 9.2.5.6.1.2. Commercial
- 9.2.5.6.1.3. Residential
- 10. Latin America Floor Coatings Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Resin (Volume/Value)
- 10.2.1.1. Epoxy
- 10.2.1.2. Polyaspartic
- 10.2.1.3. Polyurethane
- 10.2.1.4. Others
- 10.2.2. By Component (Volume/Value)
- 10.2.2.1. One-Component
- 10.2.2.2. Two-Component
- 10.2.2.3. Three-Component
- 10.2.2.4. Others
- 10.2.3. By Flooring Material (Volume/Value)
- 10.2.3.1. Concrete
- 10.2.3.2. Wood
- 10.2.3.3. Terrazzo
- 10.2.3.4. Others
- 10.2.4. By End-use (Volume/Value)
- 10.2.4.1. Industrial
- 10.2.4.2. Commercial
- 10.2.4.3. Residential
- 10.2.5. By Country (Volume/Value)
- 10.2.5.1. Brazil
- 10.2.5.1.1. By End-use (Volume/Value)
- 10.2.5.1.1.1. Industrial
- 10.2.5.1.1.2. Commercial
- 10.2.5.1.1.3. Residential
- 10.2.5.2. Mexico
- 10.2.5.2.1. By End-use (Volume/Value)
- 10.2.5.2.1.1. Industrial
- 10.2.5.2.1.2. Commercial
- 10.2.5.2.1.3. Residential
- 10.2.5.3. Rest of Latin America
- 10.2.5.3.1. By End-use (Volume/Value)
- 10.2.5.3.1.1. Industrial
- 10.2.5.3.1.2. Commercial
- 10.2.5.3.1.3. Residential
- 11. Middle East & Africa Floor Coatings Market Analysis, Insights and Forecast, 2016-2027
- 11.1. Key Findings / Summary
- 11.2. Market Size Estimates and Forecast
- 11.2.1. By Resin (Volume/Value)
- 11.2.1.1. Epoxy
- 11.2.1.2. Polyaspartic
- 11.2.1.3. Polyurethane
- 11.2.1.4. Others
- 11.2.2. By Component (Volume/Value)
- 11.2.2.1. One-Component
- 11.2.2.2. Two-Component
- 11.2.2.3. Three-Component
- 11.2.2.4. Others
- 11.2.3. By Flooring Material (Volume/Value)
- 11.2.3.1. Concrete
- 11.2.3.2. Wood
- 11.2.3.3. Terrazzo
- 11.2.3.4. Others
- 11.2.4. By End-use (Volume/Value)
- 11.2.4.1. Industrial
- 11.2.4.2. Commercial
- 11.2.4.3. Residential
- 11.2.5. By Country (Volume/Value)
- 11.2.5.1. GCC
- 11.2.5.1.1. By End-use (Volume/Value)
- 11.2.5.1.1.1. Industrial
- 11.2.5.1.1.2. Commercial
- 11.2.5.1.1.3. Residential
- 11.2.5.2. South Africa
- 11.2.5.2.1. By End-use (Volume/Value)
- 11.2.5.2.1.1. Industrial
- 11.2.5.2.1.2. Commercial
- 11.2.5.2.1.3. Residential
- 11.2.5.3. Rest of Middle East & Africa
- 11.2.5.3.1. By End-use (Volume/Value)
- 11.2.5.3.1.1. Industrial
- 11.2.5.3.1.2. Commercial
- 11.2.5.3.1.3. Residential
- 12. Competitive Analysis
- 12.1. Business Strategies Adopted by Leading Players
- 12.2. Global Floor Coatings Market Revenue Share/Ranking Analysis, By Key Manufacturer
- 13. Company Profiles
- 13.1. RPM International Inc. (Ohio, U.S.)
- 13.1.1. Overview
- 13.1.2. Description
- 13.1.3. Resin Portfolio
- 13.1.4. Financials (As per Availability)
- 13.1.5. Recent Developments
- 13.2. BASF SE (Ludwigshafen, Germany)
- 13.2.1. Overview
- 13.2.2. Description
- 13.2.3. Resin Portfolio
- 13.2.4. Financials (As per Availability)
- 13.2.5. Recent Developments
- 13.3. Akzo Nobel N.V. (Amsterdam, Netherlands)
- 13.3.1. Overview
- 13.3.2. Description
- 13.3.3. Resin Portfolio
- 13.3.4. Financials (As per Availability)
- 13.3.5. Recent Developments
- 13.4. The Sherwin-Williams Company (Ohio, U.S.)
- 13.4.1. Overview
- 13.4.2. Description
- 13.4.3. Resin Portfolio
- 13.4.4. Financials (As per Availability)
- 13.4.5. Recent Developments
- 13.5. Jotun (Sandefjord, Norway)
- 13.5.1. Overview
- 13.5.2. Description
- 13.5.3. Resin Portfolio
- 13.5.4. Financials (As per Availability)
- 13.5.5. Recent Developments
- 13.6. Asian Paints Ltd. (Mumbai, India)
- 13.6.1. Overview
- 13.6.2. Description
- 13.6.3. Resin Portfolio
- 13.6.4. Financials (As per Availability)
- 13.6.5. Recent Developments
- 13.7. Nippon Paint Holdings Co. (Singapore)
- 13.7.1. Overview
- 13.7.2. Description
- 13.7.3. Resin Portfolio
- 13.7.4. Financials (As per Availability)
- 13.7.5. Recent Developments
- 13.8. ADCOS NV (Malle, Belgium)
- 13.8.1. Overview
- 13.8.2. Description
- 13.8.3. Resin Portfolio
- 13.8.4. Financials (As per Availability)
- 13.8.5. Recent Developments
- 13.9. Tennant Coatings (Minneapolis, U.S.)
- 13.9.1. Overview
- 13.9.2. Description
- 13.9.3. Resin Portfolio
- 13.9.4. Financials (As per Availability)
- 13.9.5. Recent Developments
- 13.10. DSM (Heerlen, Netherlands)
- 13.10.1. Overview
- 13.10.2. Description
- 13.10.3. Resin Portfolio
- 13.10.4. Financials (As per Availability)
- 13.10.5. Recent Developments
- 13.11. PPG Industries, Inc. (Pennsylvania, U.S.)
- 13.11.1. Overview
- 13.11.2. Description
- 13.11.3. Resin Portfolio
- 13.11.4. Financials (As per Availability)
- 13.11.5. Recent Developments
- 13.12. Kansai Paint Co., Ltd (Osaka, Japan)
- 13.12.1. Overview
- 13.12.2. Description
- 13.12.3. Resin Portfolio
- 13.12.4. Financials (As per Availability)
- 13.12.5. Recent Developments
- 13.13. Other Key Players
- 13.13.1. Overview
- 13.13.2. Description
- 13.13.3. Resin Portfolio
- 13.13.4. Financials (As per Availability)
- 13.13.5. Recent Developments
- 14. Appendix
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