- Polyaspartic
- Polyurethane
- Epoxy
- Others
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.
Study Period
2024-2030Base Year
2023CAGR
5.5%Largest Market
Asia-PacificFastest Growing Market
North America
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.
By Resin Type
By Coating Component
By Coating Component
By Geography
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