Floor Coatings Market: By Resin Type (Polyaspartic, Polyurethane, Epoxy and Others), By Coating Component (One-component (1K), Two-component (2K), Three-component (3K) and Other Components (4K, 5K, etc), By End User (Commercial, Residential and Industrial) and Geography  

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Floor Coatings Market was valued at USD 8,935.43 million in 2022, and is poised to grow at a CAGR of 5.5% from 2023-2029. Some of the key factors propelling the market growth are rising globalization and rapid development in industrialization, increasing construction business in countries such as India and China and new technological advancements in material handling equipment’s. However, factors such as rise in raw material prices and strict regulations imposed on floor coatings are hindering the market growth. Because of the building industry's recession, increasing demand for floor coatings will be more difficult in 2020. The economic downturn produced by the COVID-19 outbreak is likely to cause a period of low growth in building and construction throughout significant regions over the following two years. The commercial building industry, in particular, has seen a significant drop as a result of the current situation. Lower demand in end-user sectors, such as the construction industry's accelerated growth decrease and a slowdown in core industries, had a cascade effect on other industries, resulting in a drop in overall demand for floor coatings. Housing development activity in Asia-Pacific economies are projected to pick up in the short future. VOCs generated by floor coatings, on the other hand, are subject to stringent controls. The industrial sector's need for floor coatings dominated the market studied, and it is predicted to rise over the projection period due to rising demand from the chemical industry. Polyaspartic coatings' promising performance is likely to present an opportunity in the future.

Global Floor Coatings Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

5.5%

Largest Market

Asia-Pacific

Fastest Growing Market

North America

Floor Coatings Market Dynamics

Floor coatings are an important facet of the construction industry. These are used in a broad range of floor coating applications. The demand for concrete floor coatings is primarily led by growth in the construction industry and increasing awareness about floor coatings globally. These coatings also offer different options related to styles and colors, thus increasing their adoption in houses, hotels, offices and warehouses. Use of floor coatings helps in the reduction of cracking of concrete and maintenance cost. Use of floor coatings help clean the floors easily and make manufacturing units, factories, and offices attractive delivering lustrous appearance on the floor. They are used across educational institutes, restaurants, aviation & transportation, medical & healthcare facilities, and commercial retail stores.

Global Floor Coatings Market Segmentation

By Resin Type

  • Polyaspartic
  • Polyurethane
  • Epoxy
  • Others

By Coating Component

  • One-component (1K)
  • Two-component (2K)
  • Three-component (3K)
  • Other Components (4K, 5K, etc.)

By Coating Component

  • Commercial
  • Residential
  • Industrial

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa (MEA)

Frequently Asked Questions

The key segments covered in the floor coatings market are: by resin type, coating component, end-user and geography

The floor coatings market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

The floor coatings market key players are: BASF SE, Tambour, DoW Chemical Company, Akzonobel N.V, Arkena Group

Key Features of the Report

  • Global floor coatings market expanding at significant CAGR over 2023 to 2029 owing to rising construction business in developing countries
  • Based on end user, industrial segment accounted for larger market revenue share in 2020 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global floor coatings market
  1. Executive Summary
  2. Global Floor Coating Market Introduction
    • Global Floor Coating Market Taxonomy
    • Global Floor Coating Market Definitions
      • Resin Type
      • Coating Component
      • End User
  3. Global Floor Coating Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Floor Coating Market Dynamic Factors - Impact Analysis
    • Global Floor Coating Market Competition Landscape
  4. Global Floor Coating Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
    • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  5. Global Floor Coating Market, By Resin Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Polyaspartic
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Polyurethane
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Epoxy
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Floor Coating Market, By Coating Component, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • One-component (1K)
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Two-component (2K)
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Three-component (3K)
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Other Components
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Floor Coating Market, By End User, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Commercial
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Residential
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Industrial
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Floor Coating Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Floor Coating Market - Opportunity Analysis Index, By Resin Type, Coating Component and Region, 2023 - 2029
  2. North America Floor Coating Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Resin Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Polyaspartic
      • Polyurethane
      • Epoxy
      • Others
    • Coating Component Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • One-component (1K)
      • Two-component (2K)
      • Three-component (3K)
      • Other Components
    • End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Commercial
      • Residential
      • Industrial
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • US.
      • Canada
    • North America Floor Coating Market - Opportunity Analysis Index, By Resin Type, Coating Component and Country, 2023 - 2029
    • North America Floor Coating Market Dynamics Trends
  3. Europe Floor Coating Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Resin Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Polyaspartic
      • Polyurethane
      • Epoxy
      • Others
    • Coating Component Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • One-component (1K)
      • Two-component (2K)
      • Three-component (3K)
      • Other Components
    • End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Commercial
      • Residential
      • Industrial
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Floor Coating Market - Opportunity Analysis Index, By Resin Type, Coating Component and Country, 2023 - 2029
    • Europe Floor Coating Market Dynamics Trends
  4. Asia-Pacific Floor Coating Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Resin Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Polyaspartic
      • Polyurethane
      • Epoxy
      • Others
    • Coating Component Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • One-component (1K)
      • Two-component (2K)
      • Three-component (3K)
      • Other Components
    • End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Commercial
      • Residential
      • Industrial
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Floor Coating Market - Opportunity Analysis Index, By Resin Type, Coating Component and Country, 2023 - 2029
    • Asia-Pacific Floor Coating Market Dynamics Trends
  5. Latin America Floor Coating Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Resin Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Polyaspartic
      • Polyurethane
      • Epoxy
      • Others
    • Coating Component Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • One-component (1K)
      • Two-component (2K)
      • Three-component (3K)
      • Other Components
    • End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Commercial
      • Residential
      • Industrial
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • Latin America Floor Coating Market - Opportunity Analysis Index, By Resin Type, Coating Component and Country, 2023 - 2029
    • Latin America Floor Coating Market Dynamics Trends
  6. Middle East and Africa Floor Coating Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Resin Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Polyaspartic
      • Polyurethane
      • Epoxy
      • Others
    • Coating Component Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • One-component (1K)
      • Two-component (2K)
      • Three-component (3K)
      • Other Components
    • End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Commercial
      • Residential
      • Industrial
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Floor Coating Market - Opportunity Analysis Index, By Resin Type, Coating Component and Country, 2023 - 2029
    • MEA Floor Coating Market Dynamics Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Resin Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • BASF SE
      • Tambour
      • DoW Chemical Company
      • Akzonobel N.V
      • Arkena Group
      • Sherwin-Williams Company, Inc.
      • Maris Polymers
      • Nora Systems Inc
      • Asian Paints PPG PVT. LTD
      • RPM International Inc
  1. Research Methodology
  2. Key Assumptions and Acronyms
  • BASF SE
  • Tambour
  • DoW Chemical Company
  • Akzonobel N.V
  • Arkena Group
  • Sherwin-Williams Company, Inc.
  • Maris Polymers
  • Nora Systems Inc
  • Asian Paints PPG PVT. LTD
  • RPM International Inc

Adjacent Markets