Global Floor Coatings Market Size, Share & Trends Analysis Report By End-User, By Application (Concrete, Wood, Terrazzo, and Others), By Product, By Component, By Regional Outlook and Forecast, 2023 - 2030
The Global Floor Coatings Market size is expected to reach $5. billion by 2030, rising at a market growth of 5.9% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,086.32 kilo tonnes, experiencing a growth of 4.9% (2019-2022).
The seamless and high gloss finishes of epoxy coatings contribute to a professional and aesthetically pleasing appearance. Therefore, the Epoxy segment acquired 45.2% revenue share in 2022. The ability to customize epoxy coatings with different colors and patterns allows businesses to create a unique and branded environment. Epoxies are commonly used in residential applications, particularly for garage floors. The durability, stain resistance, and easy maintenance of epoxy coatings make them ideal for protecting garage surfaces from oil spills, chemicals, and abrasion.
The concurrent development of new residential, commercial, and industrial buildings generates a demand for it. Property developers and builders recognize the importance of providing durable and visually appealing flooring surfaces in newly constructed structures. Expanding industrial activities and constructing new manufacturing plants, warehouses, and logistics centers create a significant demand for industrial-grade products.
Additionally, Parking areas within automotive facilities, including manufacturing plants and showrooms, require it that protect against corrosion caused by vehicular traffic and exposure to the elements. Coatings with corrosion-resistant properties contribute to the longevity of parking area surfaces. Hence, rising adoption of the automotive sector has been a pivotal factor in driving the growth of the market.
However, the high initial costs associated with premium-quality can pose budgetary challenges for end-users, especially for small businesses, homeowners, or institutions with limited financial resources. Budget constraints may compromise the quality or scope of these projects. In residential applications, where cost considerations are significant, homeowners may hesitate to invest in high-cost floor coatings. Thus, high initial costs can slow down the growth of the market.
By End User Analysis
By end-user, the market is segmented into residential, industrial, and commercial. The residential segment recorded 33.3% revenue share in the market in 2022. Basements are commonly subject to moisture and humidity issues. Floor coatings, particularly those with moisture-resistant properties, protect against potential water damage.
By Application Analysis
On the basis of application, the market is divided into concrete, wood, terrazzo, and others. The wood segment garnered 25.9% revenue share in the market in 2022. Wood creates a resistant surface that repels liquids and stains. This is particularly important in areas prone to spills, such as kitchens and dining spaces.
By Product Analysis
By product, the market is categorized into epoxy, polyaspartic, polyurethane, acrylic, and methyl methacrylate. The polyaspartic segment procured 26.6% revenue share in the market in 2022. Polyaspartic coatings resist various chemicals, including oils, solvents, and cleaning agents. This chemical resistance makes them suitable for use in environments where exposure to various substances is common, such as manufacturing facilities and garages.
By Component Analysis
Based on component, the market is classified into single component, double component, triple component, and others. In 2022, the double component segment witnessed 65.3% revenue share in the market. Double components are versatile and can be applied to various substrates, including concrete, metal, and certain existing coatings.
By Regional Analysis
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region acquired 25.3% revenue share in the market. North America has been experiencing ongoing construction and infrastructure development, like residential, commercial, and industrial projects.
Recent Strategies Deployed in the Market
- 2024-Feb: BASF SE came into partnership with INEOS Automotive, a vehicle manufacturing company in England. Through this partnership, BASF SE would enhance provision of sustainable refinishing solutions, expert guidance, and state-of-the-art digital color-matching solutions and training.
- 2023-Dec: Arkema S.A. took over Arc Building Products, a wholesale building materials manufacturing company. Through this acquisition, Arkema S.A. would enhance its presence in Ireland's expanding construction adhesives market by offering a more extensive array of solutions and establishing a local manufacturing footprint.
- 2023-Oct: Arkema S.A. came into partnership with EOS, a personal care product company and Stratasys, an additive manufacturing company. Through this partnership, Arkema S.A. would develop the succeeding iteration of 3D printed materials and solutions.
- 2023-Aug: DuPont de Nemours, Inc. took over Spectrum Plastics Group Inc, medical equipment manufacturing company. Through this acquisition, DuPont de Nemours, Inc. would enhance its range of offerings for vital healthcare applications, driven by customer-centric innovation.
- 2022-Mar: BASF SE came into partnership with WorldSkills, an international charity that organizes world and national championships for vocational skills. Through this partnership, BASF SE would enhance the automotive refinishing industry and reinforce the company's backing for the upcoming WorldSkills Competition.
- Akzo Nobel N.V.
- Arkema S.A.
- DuPont de Nemours, Inc.
- 3M Company
- Tennant Company
- BASF SE
- PPG Industries, Inc.
- The Dow Chemical Company
- Koninklijke DSM N.V.
- RPM International, Inc.
By End-User (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Industrial
- Residential
- Commercial
- Concrete
- Wood
- Terrazzo
- Others
- Epoxy
- Polyurethane
- Polyaspartic
- Acrylic
- Methyl Methacrylate
- Double Component
- Single Component
- Triple Component
- Others
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Global Floor Coatings Market, by End-User
- 1.4.2 Global Floor Coatings Market, by Application
- 1.4.3 Global Floor Coatings Market, by Product
- 1.4.4 Global Floor Coatings Market, by Component
- 1.4.5 Global Floor Coatings Market, by Geography
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
- Chapter 4. Strategies Deployed in Floor Coatings Market.
- Chapter 5. Global Floor Coatings Market by End-User
- 5.1 Global Industrial Market by Region
- 5.2 Global Residential Market by Region
- 5.3 Global Commercial Market by Region
- Chapter 6. Global Floor Coatings Market by Application
- 6.1 Global Concrete Market by Region
- 6.2 Global Wood Market by Region
- 6.3 Global Terrazzo Market by Region
- 6.4 Global Others Market by Region
- Chapter 7. Global Floor Coatings Market by Product
- 7.1 Global Epoxy Market by Region
- 7.2 Global Polyurethane Market by Region
- 7.3 Global Polyaspartic Market by Region
- 7.4 Global Acrylic Market by Region
- 7.5 Global Methyl Methacrylate Market by Region
- Chapter 8. Global Floor Coatings Market by Component
- 8.1 Global Double Component Market by Region
- 8.2 Global Single Component Market by Region
- 8.3 Global Triple Component Market by Region
- 8.4 Global Others Market by Region
- Chapter 9. Global Floor Coatings Market by Region
- 9.1 North America Floor Coatings Market
- 9.1.1 North America Floor Coatings Market by End-User
- 9.1.1.1 North America Industrial Market by Country
- 9.1.1.2 North America Residential Market by Country
- 9.1.1.3 North America Commercial Market by Country
- 9.1.2 North America Floor Coatings Market by Application
- 9.1.2.1 North America Concrete Market by Country
- 9.1.2.2 North America Wood Market by Country
- 9.1.2.3 North America Terrazzo Market by Country
- 9.1.2.4 North America Others Market by Country
- 9.1.3 North America Floor Coatings Market by Product
- 9.1.3.1 North America Epoxy Market by Country
- 9.1.3.2 North America Polyurethane Market by Country
- 9.1.3.3 North America Polyaspartic Market by Country
- 9.1.3.4 North America Acrylic Market by Country
- 9.1.3.5 North America Methyl Methacrylate Market by Country
- 9.1.4 North America Floor Coatings Market by Component
- 9.1.4.1 North America Double Component Market by Country
- 9.1.4.2 North America Single Component Market by Country
- 9.1.4.3 North America Triple Component Market by Country
- 9.1.4.4 North America Others Market by Country
- 9.1.5 North America Floor Coatings Market by Country
- 9.1.5.1 US Floor Coatings Market
- 9.1.5.1.1 US Floor Coatings Market by End-User
- 9.1.5.1.2 US Floor Coatings Market by Application
- 9.1.5.1.3 US Floor Coatings Market by Product
- 9.1.5.1.4 US Floor Coatings Market by Component
- 9.1.5.2 Canada Floor Coatings Market
- 9.1.5.2.1 Canada Floor Coatings Market by End-User
- 9.1.5.2.2 Canada Floor Coatings Market by Application
- 9.1.5.2.3 Canada Floor Coatings Market by Product
- 9.1.5.2.4 Canada Floor Coatings Market by Component
- 9.1.5.3 Mexico Floor Coatings Market
- 9.1.5.3.1 Mexico Floor Coatings Market by End-User
- 9.1.5.3.2 Mexico Floor Coatings Market by Application
- 9.1.5.3.3 Mexico Floor Coatings Market by Product
- 9.1.5.3.4 Mexico Floor Coatings Market by Component
- 9.1.5.4 Rest of North America Floor Coatings Market
- 9.1.5.4.1 Rest of North America Floor Coatings Market by End-User
- 9.1.5.4.2 Rest of North America Floor Coatings Market by Application
- 9.1.5.4.3 Rest of North America Floor Coatings Market by Product
- 9.1.5.4.4 Rest of North America Floor Coatings Market by Component
- 9.2 Europe Floor Coatings Market
- 9.2.1 Europe Floor Coatings Market by End-User
- 9.2.1.1 Europe Industrial Market by Country
- 9.2.1.2 Europe Residential Market by Country
- 9.2.1.3 Europe Commercial Market by Country
- 9.2.2 Europe Floor Coatings Market by Application
- 9.2.2.1 Europe Concrete Market by Country
- 9.2.2.2 Europe Wood Market by Country
- 9.2.2.3 Europe Terrazzo Market by Country
- 9.2.2.4 Europe Others Market by Country
- 9.2.3 Europe Floor Coatings Market by Product
- 9.2.3.1 Europe Epoxy Market by Country
- 9.2.3.2 Europe Polyurethane Market by Country
- 9.2.3.3 Europe Polyaspartic Market by Country
- 9.2.3.4 Europe Acrylic Market by Country
- 9.2.3.5 Europe Methyl Methacrylate Market by Country
- 9.2.4 Europe Floor Coatings Market by Component
- 9.2.4.1 Europe Double Component Market by Country
- 9.2.4.2 Europe Single Component Market by Country
- 9.2.4.3 Europe Triple Component Market by Country
- 9.2.4.4 Europe Others Market by Country
- 9.2.5 Europe Floor Coatings Market by Country
- 9.2.5.1 Germany Floor Coatings Market
- 9.2.5.1.1 Germany Floor Coatings Market by End-User
- 9.2.5.1.2 Germany Floor Coatings Market by Application
- 9.2.5.1.3 Germany Floor Coatings Market by Product
- 9.2.5.1.4 Germany Floor Coatings Market by Component
- 9.2.5.2 UK Floor Coatings Market
- 9.2.5.2.1 UK Floor Coatings Market by End-User
- 9.2.5.2.2 UK Floor Coatings Market by Application
- 9.2.5.2.3 UK Floor Coatings Market by Product
- 9.2.5.2.4 UK Floor Coatings Market by Component
- 9.2.5.3 France Floor Coatings Market
- 9.2.5.3.1 France Floor Coatings Market by End-User
- 9.2.5.3.2 France Floor Coatings Market by Application
- 9.2.5.3.3 France Floor Coatings Market by Product
- 9.2.5.3.4 France Floor Coatings Market by Component
- 9.2.5.4 Russia Floor Coatings Market
- 9.2.5.4.1 Russia Floor Coatings Market by End-User
- 9.2.5.4.2 Russia Floor Coatings Market by Application
- 9.2.5.4.3 Russia Floor Coatings Market by Product
- 9.2.5.4.4 Russia Floor Coatings Market by Component
- 9.2.5.5 Spain Floor Coatings Market
- 9.2.5.5.1 Spain Floor Coatings Market by End-User
- 9.2.5.5.2 Spain Floor Coatings Market by Application
- 9.2.5.5.3 Spain Floor Coatings Market by Product
- 9.2.5.5.4 Spain Floor Coatings Market by Component
- 9.2.5.6 Italy Floor Coatings Market
- 9.2.5.6.1 Italy Floor Coatings Market by End-User
- 9.2.5.6.2 Italy Floor Coatings Market by Application
- 9.2.5.6.3 Italy Floor Coatings Market by Product
- 9.2.5.6.4 Italy Floor Coatings Market by Component
- 9.2.5.7 Rest of Europe Floor Coatings Market
- 9.2.5.7.1 Rest of Europe Floor Coatings Market by End-User
- 9.2.5.7.2 Rest of Europe Floor Coatings Market by Application
- 9.2.5.7.3 Rest of Europe Floor Coatings Market by Product
- 9.2.5.7.4 Rest of Europe Floor Coatings Market by Component
- 9.3 Asia Pacific Floor Coatings Market
- 9.3.1 Asia Pacific Floor Coatings Market by End-User
- 9.3.1.1 Asia Pacific Industrial Market by Country
- 9.3.1.2 Asia Pacific Residential Market by Country
- 9.3.1.3 Asia Pacific Commercial Market by Country
- 9.3.2 Asia Pacific Floor Coatings Market by Application
- 9.3.2.1 Asia Pacific Concrete Market by Country
- 9.3.2.2 Asia Pacific Wood Market by Country
- 9.3.2.3 Asia Pacific Terrazzo Market by Country
- 9.3.2.4 Asia Pacific Others Market by Country
- 9.3.3 Asia Pacific Floor Coatings Market by Product
- 9.3.3.1 Asia Pacific Epoxy Market by Country
- 9.3.3.2 Asia Pacific Polyurethane Market by Country
- 9.3.3.3 Asia Pacific Polyaspartic Market by Country
- 9.3.3.4 Asia Pacific Acrylic Market by Country
- 9.3.3.5 Asia Pacific Methyl Methacrylate Market by Country
- 9.3.4 Asia Pacific Floor Coatings Market by Component
- 9.3.4.1 Asia Pacific Double Component Market by Country
- 9.3.4.2 Asia Pacific Single Component Market by Country
- 9.3.4.3 Asia Pacific Triple Component Market by Country
- 9.3.4.4 Asia Pacific Others Market by Country
- 9.3.5 Asia Pacific Floor Coatings Market by Country
- 9.3.5.1 China Floor Coatings Market
- 9.3.5.1.1 China Floor Coatings Market by End-User
- 9.3.5.1.2 China Floor Coatings Market by Application
- 9.3.5.1.3 China Floor Coatings Market by Product
- 9.3.5.1.4 China Floor Coatings Market by Component
- 9.3.5.2 Japan Floor Coatings Market
- 9.3.5.2.1 Japan Floor Coatings Market By End User
- 9.3.5.2.2 Japan Floor Coatings Market by Application
- 9.3.5.2.3 Japan Floor Coatings Market by Product
- 9.3.5.2.4 Japan Floor Coatings Market by Component
- 9.3.5.3 India Floor Coatings Market
- 9.3.5.3.1 India Floor Coatings Market by End-User
- 9.3.5.3.2 India Floor Coatings Market by Application
- 9.3.5.3.3 India Floor Coatings Market by Product
- 9.3.5.3.4 India Floor Coatings Market by Component
- 9.3.5.4 South Korea Floor Coatings Market
- 9.3.5.4.1 South Korea Floor Coatings Market by End-User
- 9.3.5.4.2 South Korea Floor Coatings Market by Application
- 9.3.5.4.3 South Korea Floor Coatings Market by Product
- 9.3.5.4.4 South Korea Floor Coatings Market by Component
- 9.3.5.5 Singapore Floor Coatings Market
- 9.3.5.5.1 Singapore Floor Coatings Market by End-User
- 9.3.5.5.2 Singapore Floor Coatings Market by Application
- 9.3.5.5.3 Singapore Floor Coatings Market by Product
- 9.3.5.5.4 Singapore Floor Coatings Market by Component
- 9.3.5.6 Malaysia Floor Coatings Market
- 9.3.5.6.1 Malaysia Floor Coatings Market by End-User
- 9.3.5.6.2 Malaysia Floor Coatings Market by Application
- 9.3.5.6.3 Malaysia Floor Coatings Market by Product
- 9.3.5.6.4 Malaysia Floor Coatings Market by Component
- 9.3.5.7 Rest of Asia Pacific Floor Coatings Market
- 9.3.5.7.1 Rest of Asia Pacific Floor Coatings Market by End-User
- 9.3.5.7.2 Rest of Asia Pacific Floor Coatings Market by Application
- 9.3.5.7.3 Rest of Asia Pacific Floor Coatings Market by Product
- 9.3.5.7.4 Rest of Asia Pacific Floor Coatings Market by Component
- 9.4 LAMEA Floor Coatings Market
- 9.4.1 LAMEA Floor Coatings Market by End-User
- 9.4.1.1 LAMEA Industrial Market by Country
- 9.4.1.2 LAMEA Residential Market by Country
- 9.4.1.3 LAMEA Commercial Market by Country
- 9.4.2 LAMEA Floor Coatings Market by Application
- 9.4.2.1 LAMEA Concrete Market by Country
- 9.4.2.2 LAMEA Wood Market by Country
- 9.4.2.3 LAMEA Terrazzo Market by Country
- 9.4.2.4 LAMEA Others Market by Country
- 9.4.3 LAMEA Floor Coatings Market by Product
- 9.4.3.1 LAMEA Epoxy Market by Country
- 9.4.3.2 LAMEA Polyurethane Market by Country
- 9.4.3.3 LAMEA Polyaspartic Market by Country
- 9.4.3.4 LAMEA Acrylic Market by Country
- 9.4.3.5 LAMEA Methyl Methacrylate Market by Country
- 9.4.4 LAMEA Floor Coatings Market by Component
- 9.4.4.1 LAMEA Double Component Market by Country
- 9.4.4.2 LAMEA Single Component Market by Country
- 9.4.4.3 LAMEA Triple Component Market by Country
- 9.4.4.4 LAMEA Others Market by Country
- 9.4.5 LAMEA Floor Coatings Market by Country
- 9.4.5.1 Brazil Floor Coatings Market
- 9.4.5.1.1 Brazil Floor Coatings Market by End-User
- 9.4.5.1.2 Brazil Floor Coatings Market by Application
- 9.4.5.1.3 Brazil Floor Coatings Market by Product
- 9.4.5.1.4 Brazil Floor Coatings Market by Component
- 9.4.5.2 Argentina Floor Coatings Market
- 9.4.5.2.1 Argentina Floor Coatings Market by End-User
- 9.4.5.2.2 Argentina Floor Coatings Market by Application
- 9.4.5.2.3 Argentina Floor Coatings Market by Product
- 9.4.5.2.4 Argentina Floor Coatings Market by Component
- 9.4.5.3 UAE Floor Coatings Market
- 9.4.5.3.1 UAE Floor Coatings Market by End-User
- 9.4.5.3.2 UAE Floor Coatings Market by Application
- 9.4.5.3.3 UAE Floor Coatings Market by Product
- 9.4.5.3.4 UAE Floor Coatings Market by Component
- 9.4.5.4 Saudi Arabia Floor Coatings Market
- 9.4.5.4.1 Saudi Arabia Floor Coatings Market by End-User
- 9.4.5.4.2 Saudi Arabia Floor Coatings Market by Application
- 9.4.5.4.3 Saudi Arabia Floor Coatings Market by Product
- 9.4.5.4.4 Saudi Arabia Floor Coatings Market by Component
- 9.4.5.5 South Africa Floor Coatings Market
- 9.4.5.5.1 South Africa Floor Coatings Market by End-User
- 9.4.5.5.2 South Africa Floor Coatings Market by Application
- 9.4.5.5.3 South Africa Floor Coatings Market by Product
- 9.4.5.5.4 South Africa Floor Coatings Market by Component
- 9.4.5.6 Nigeria Floor Coatings Market
- 9.4.5.6.1 Nigeria Floor Coatings Market by End-User
- 9.4.5.6.2 Nigeria Floor Coatings Market by Application
- 9.4.5.6.3 Nigeria Floor Coatings Market by Product
- 9.4.5.6.4 Nigeria Floor Coatings Market by Component
- 9.4.5.7 Rest of LAMEA Floor Coatings Market
- 9.4.5.7.1 Rest of LAMEA Floor Coatings Market by End-User
- 9.4.5.7.2 Rest of LAMEA Floor Coatings Market by Application
- 9.4.5.7.3 Rest of LAMEA Floor Coatings Market by Product
- 9.4.5.7.4 Rest of LAMEA Floor Coatings Market by Component
- Chapter 10. Company Profiles
- 10.1 Akzo Nobel N.V.
- 10.1.1 Company Overview
- 10.1.2 Financial Analysis
- 10.1.3 Segmental and Regional Analysis
- 10.1.4 Recent strategies and developments:
- 10.1.4.1 Partnerships, Collaborations, and Agreements:
- 10.1.5 SWOT Analysis
- 10.2 Arkema S.A.
- 10.2.1 Company Overview
- 10.2.2 Financial Analysis
- 10.2.3 Segmental and Regional Analysis
- 10.2.4 Recent strategies and developments:
- 10.2.4.1 Product Launches and Product Expansions:
- 10.2.4.2 Acquisition and Mergers:
- 10.2.5 SWOT Analysis
- 10.3 DuPont de Nemours, Inc.
- 10.3.1 Company Overview
- 10.3.2 Financial Analysis
- 10.3.3 Segmental and Regional Analysis
- 10.3.4 Research & Development Expense
- 10.3.5 Recent strategies and developments:
- 10.3.5.1 Acquisition and Mergers:
- 10.3.6 SWOT Analysis
- 10.4 3M Company
- 10.4.1 Company Overview
- 10.4.2 Financial Analysis
- 10.4.3 Segmental and Regional Analysis
- 10.4.4 Research & Development Expense
- 10.4.5 SWOT Analysis
- 10.5 Tennant Company
- 10.5.1 Company Overview
- 10.5.2 Financial Analysis
- 10.5.3 Regional Analysis
- 10.5.4 Research & Development Expenses
- 10.5.5 SWOT Analysis
- 10.6 BASF SE
- 10.6.1 Company Overview
- 10.6.2 Financial Analysis
- 10.6.3 Segmental and Regional Analysis
- 10.6.4 Research & Development Expense
- 10.6.5 Recent strategies and developments:
- 10.6.5.1 Partnerships, Collaborations, and Agreements:
- 10.6.6 SWOT Analysis
- 10.7 PPG Industries, Inc.
- 10.7.1 Company Overview
- 10.7.2 Financial Analysis
- 10.7.3 Segmental and Regional Analysis
- 10.7.4 SWOT Analysis
- 10.8 The Dow Chemical Company
- 10.8.1 Company Overview
- 10.8.2 Financial Analysis
- 10.8.3 Segmental and Regional Analysis
- 10.8.4 Research & Development Expenses
- 10.8.5 SWOT Analysis
- 10.9 Koninklijke DSM N.V.
- 10.9.1 Company Overview
- 10.9.2 Financial Analysis
- 10.9.3 Segmental and Regional Analysis
- 10.9.4 Research & Development Expense
- 10.9.5 SWOT Analysis
- 10.10. RPM International, Inc.
- 10.10.1 Company Overview
- 10.10.2 Financial Analysis
- 10.10.3 Segmental and Regional Analysis
- 10.10.4 Research & Development Expenses
- 10.10.5 SWOT Analysis
- Chapter 11. Winning Imperatives for Floor Coatings Market
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