United Arab Emirates Floor Coatings Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

United Arab Emirates Floor Coatings Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The United Arab Emirates Floor Coatings Market was valued at USD 1260 million at the end of the year and it is projected to register a CAGR of 4.1% during the forecast period. The COVID pandemic negatively affected the market due to a halt in construction activities around the country. However, post-COVID, the country resumed residential and commercial construction activities which will help to revive the floor coatings market.

• In the short term, rising residential and commercial construction activities in the United Arab Emirates will likely drive the market.
• On the flip side, the harmful environmental impact of conventional floor coatings hinders the market's growth.
• The demand for floor coatings from the industrial sector dominated the market studied, and it is expected to grow during the forecast period due to the increasing demand from the chemical industry.
• The promising performance of polyaspartic coatings is likely to act as an opportunity in the future.

• Epoxy floor coatings are used for industrial and commercial flooring applications. These coatings are applied over concrete floors to provide smooth, durable, high-performance surfaces that can last many years and withstand heavy loads. The epoxy coating is chemically distinct from regular floor paints.
• A two-part epoxy system generally consists of epoxy resins and hardeners. The epoxy resins and hardeners react with one another, resulting in a chemical bond with each compound and with the floor itself.
• There is a difference between epoxy flooring and epoxy floor coatings. The difference between the two lies in the depth of the epoxy applied. Epoxy floors are classified as epoxy flooring if they are at least two millimeters thick. Any epoxy floor less than two millimeters thick is commonly referred to as an epoxy floor coating. Both are considered and used as epoxy floor coatings for industrial, commercial, and residential applications.
• Thin layer epoxy coatings (4-6mm) are commonly used in low traffic areas such as hallways, storage areas, and break rooms.Similarly, in high traffic areas, thick layer epoxy coatings (10–20 mm) are used, as these coatings help create extremely durable flooring systems.
• Commercial warehouses, machine shops, and other industrial commercial spaces often use much thicker epoxy coatings (up to 125 mm) to handle heavy vehicle traffic, chemical spills, and heavy machinery.

In the United Arab Emirates, the low fuel costs, conducive tax regime, and high disposable incomes have helped strengthen the automobile sector and encouraged global giants to set up manufacturing sites in the country. As a result, the country's construction of automotive warehouses will increase, driving market demand for epoxy floor coatings.

• The industrial segment is dominating the overall floor coatings market. Chemical, automotive, and manufacturing industries, as well as other industries such as food and beverages and electrical and electronics, are major consumers of floor coatings.
• The chemical industry is one of the largest end-users of floor coatings in all of the core sectors.Research and development labs, production plants, and other industrial buildings need high-performance flooring to protect the look of the floors and walls from chemical stains.
• In the industry, chemical-resistant flooring, strict hygiene, and safety protocols play vital roles in avoiding the risks related to damage, accidents, and workers' health.
• In 2021, Reliance Industries announced a partnership with Abu Dhabi Chemicals Derivatives Company RSC Ltd (TAZIZ) to invest USD 2 billion in setting up a petrochemical production facility in the United Arab Emirates. The facility will start the production of chemicals like chlor-alkali, ethylene dichloride (EDC), and polyvinyl chloride (PVC), which can drive the market for floor coatings.
• In the food and beverage industry, the risk of microbial growth due to spillage is high. Consequently, these contaminants degrade processed food’s purity. To avoid such issues, the industry requires long-lasting and thick floor coatings that act as a protective barrier, preventing contaminants from entering the concrete substrate and ensuring a sanitary surface.

The United Arab Emirates floor coatings market is partially consolidated. Some major players in the market (not in any particular order) include Akzo Nobel N.V., Jotun, Kansai Paint Co., Ltd., National Paints Factories Co. Ltd., and The Sherwin-Williams Company.

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