Floor Coatings Market Growth & Trends:
The global floor coatings market size is anticipated to reach USD 5.11 billion by 2030 and is projected to grow at a CAGR of 6.9% during the forecast period, according to a new report by Grand View Research, Inc. The growth is majorly attributed to its wide use in commercial and industrial applications such as warehouses, hospitals, manufacturing and industrial plants, showrooms, commercial and retail stores, garages, and airplane hangars. The coating protects floors from moisture, stains, and cracks and provides a high-performance, smooth, and durable surface that lasts several years and withstands heavy loads.
Moreover, the product manufacturers are designing VOC-free and environment-friendly coatings to cater to the increasing demand for such products in green buildings. With the rising demand for green buildings, the product market is also expected to grow substantially over the forecast period. Various properties of the product, such as excellent wear resistance and durability, extreme temperature resistance, high gloss, and excellent surface quality, are projected to further fuel their demand for green building activities.
There has been growing demand for tile flooring among residential & commercial applications owing to its benefits such as low maintenance, insulation, anti-corrosion, durability, and water, stain, odor, and bacteria resistance. Flooring tiles are usually made of raw materials such as glass, sand, and clay. Various residential applications, such as flats, apartments, single-family housing units, and others, widely adopt tiles over coatings for flooring. The aesthetic and visual appearance of flooring plays a vital role in driving flooring tiles over floor coatings.
The product market is highly regulated by governmental and environmental norms globally. The use of solvents in the formation of floor coatings contributes to environmental pollution as it is a key contributor to the formation of ozone levels. In addition, exposure to VOCs during the manufacturing and installation process adversely affects human health. Thus, with the rising environmental and human health concerns, the use of VOCs in floor coatings is strictly being monitored by several regional, local, and national regulations.
Floor Coatings Market Report Highlights:
- The epoxy coatings segment dominated the market with a revenue share of 40.7% in 2023, as epoxy coatings are widely used on concrete floors in several industrial and commercial applications
- The single-component segment dominated the market with a revenue share of 48.2% in 2023. The single-component product offers a convenient and effective solution for protecting and enhancing the durability and appearance of floors in various settings.
- The concrete application segment dominated the market with a revenue share of 48.2% in 2023. Concrete floor coatings are specialized products applied to concrete surfaces to enhance their durability, aesthetics, and performance in various residential, commercial, and industrial settings.
- The industrial segment dominated the market with a revenue share of 44.5% in 2023. The product is used in various industries. The demand for floor coatings from different industries is expected to grow during the forecast period owing to their wear and temperature resistance and anti-slip properties.
- Asia Pacific region dominated the global market with a revenue share of 41.9% in 2023, which is attributed to rising construction activities and growing demand from the construction sector in emerging countries, such as India, Japan, and South Korea.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Floor Coatings Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Global Coatings Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Trends
- 3.2.2. Major Raw Material Analysis
- 3.2.3. Procurement Best Practices
- 3.2.4. Sales Channel Analysis
- 3.2.5. Vendor Selection Criteria
- 3.3. Technology Overview
- 3.3.1. Technology Timeline
- 3.3.2. Manufacturing & Technology Trends
- 3.4. Regulatory Framework, By Regions
- 3.5. Price Trend Analysis
- 3.5.1. Factors Influencing Prices
- 3.6. Market Dynamics
- 3.6.1. Market Driver Analysis
- 3.6.2. Market Restraint Analysis
- 3.6.3. Industry Challenges
- 3.6.4. Industry Opportunities
- 3.7. Industry Analysis Tools
- 3.7.1. Porter's Five Forces Analysis
- 3.7.2. Macro-environmental Analysis
Chapter 4. Floor Coatings Market: Product Estimates & Trend Analysis
- 4.1. Product Movement Analysis & Market Share, 2023 & 2030
- 4.2. Epoxy
- 4.2.1. Epoxy Floor Coatings Market Estimates & Forecast, 2018 to 2030 (USD Million) (Kilotons)
- 4.3. Polyaspartic
- 4.3.1. Polyaspartic Floor Coatings Market Estimates & Forecast, 2018 to 2030 (USD Million) (Kilotons)
- 4.4. Acrylic
- 4.4.1. Acrylic Floor Coatings Market Estimates & Forecast, 2018 to 2030 (USD Million) (Kilotons)
- 4.5. Methyl Methacrylate
- 4.5.1. Methyl Methacrylate Floor Coatings Market Estimates & Forecast, 2018 to 2030 (USD Million) (Kilotons)
Chapter 5. Floor Coatings Market: Component Estimates & Trend Analysis
- 5.1. Component Movement Analysis & Market Share, 2023 & 2030
- 5.2. Single Component
- 5.2.1. Single Component Floor Coatings Market Estimates & Forecast, 2018 to 2030 (USD Million) (Kilotons)
- 5.3. Double Component
- 5.3.1. Double Component Floor Coatings Market Estimates & Forecast, 2018 to 2030 (USD Million) (Kilotons)
- 5.4. Triple Component
- 5.4.1. Triple Component Floor Coatings Market Estimates & Forecast, 2018 to 2030 (USD Million) (Kilotons)
- 5.5. Others
- 5.5.1. Others Floor Coatings Market Estimates & Forecast, 2018 to 2030 (USD Million) (Kilotons)
Chapter 6. Floor Coatings Market: Application Estimates & Trend Analysis
- 6.1. Application Movement Analysis & Market Share, 2023 & 2030
- 6.2. Concrete
- 6.2.1. Floor Coatings Market Estimates & Forecast, in Concrete, 2018 to 2030 (USD Million) (Kilotons)
- 6.3. Wood
- 6.3.1. Floor Coatings Market Estimates & Forecast, in Wood, 2018 to 2030 (USD Million) (Kilotons)
- 6.4. Terrazzo
- 6.4.1. Floor Coatings Market Estimates & Forecast, in Terrazzo, 2018 to 2030 (USD Million) (Kilotons)
- 6.5. Others
- 6.5.1. Floor Coatings Market Estimates & Forecast, in Other Application, 2018 to 2030 (USD Million) (Kilotons)
Chapter 7. Floor Coatings Market: End Use Estimates & Trend Analysis
- 7.1. End Use Movement Analysis & Market Share, 2023 & 2030
- 7.2. Residential
- 7.2.1. Floor Coatings Market Estimates & Forecast, in Residential, 2018 to 2030 (USD Million) (Kilotons)
- 7.3. Industrial
- 7.3.1. Floor Coatings Market Estimates & Forecast, in Industrial, 2018 to 2030 (USD Million) (Kilotons)
- 7.4. Commercial
- 7.4.1. Floor Coatings Market Estimates & Forecast, in Commercial, 2018 to 2030 (USD Million) (Kilotons)
Chapter 8. Floor Coatings Market: Regional Estimates & Trend Analysis
- 8.1. Regional Movement Analysis & Market Share, 2023 & 2030
- 8.2. North America
- 8.2.1. North America Floor Coatings Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.2.2. U.S.
- 8.2.2.1. Key country dynamics
- 8.2.2.2. U.S. Floor Coatings Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.2.3. Canada
- 8.2.3.1. Key country dynamics
- 8.2.3.2. Canada Floor Coatings Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.2.4. Mexico
- 8.2.4.1. Key country dynamics
- 8.2.4.2. Mexico Floor Coatings Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.3. Europe
- 8.3.1. Europe Floor Coatings Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.3.2. Germany
- 8.3.2.1. Key country dynamics
- 8.3.2.2. Germany Floor Coatings Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.3.3. UK
- 8.3.3.1. Key country dynamics
- 8.3.3.2. UK Floor Coatings Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.3.4. France
- 8.3.4.1. Key country dynamics
- 8.3.4.2. France Floor Coatings Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.3.5. Italy
- 8.3.5.1. Key country dynamics
- 8.3.5.2. Italy Floor Coatings Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.3.6. Spain
- 8.3.6.1. Key country dynamics
- 8.3.6.2. Spain Floor Coatings Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Floor Coatings Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.4.2. China
- 8.4.2.1. Key country dynamics
- 8.4.2.2. China Floor Coatings Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.4.3. India
- 8.4.3.1. Key country dynamics
- 8.4.3.2. India Floor Coatings Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.4.4. Japan
- 8.4.4.1. Key country dynamics
- 8.4.4.2. Japan Floor Coatings Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.4.5. Australia
- 8.4.5.1. Key country dynamics
- 8.4.5.2. Australia Floor Coatings Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.5. Central & South America
- 8.5.1. Central & South America Floor Coatings Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.5.2. Brazil
- 8.5.2.1. Key country dynamics
- 8.5.2.2. Brazil Floor Coatings Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.5.3. Argentina
- 8.5.3.1. Key country dynamics
- 8.5.3.2. Argentina Floor Coatings Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.6. Middle East & Africa
- 8.6.1. Middles East & Africa Floor Coatings Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.6.2. Saudi Arabia
- 8.6.2.1. Key country dynamics
- 8.6.2.2. Saudi Arabia Floor Coatings Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.6.3. UAE
- 8.6.3.1. Key country dynamics
- 8.6.3.2. UAE Floor Coatings Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
Chapter 9. Floor Coatings Market - Competitive Landscape
- 9.1. Recent Developments & Impact Analysis, By Key Market Participants
- 9.2. Company Categorization
- 9.3. Vendor Landscape
- 9.4. Competitive Dashboard Analysis
- 9.5. Company Market Positioning Analysis 2023
- 9.6. Strategy Mapping
- 9.7. Company Profiles
- 9.7.1. Flowcrete Group Ltd.
- 9.7.1.1. Participant's overview
- 9.7.1.2. Financial performance
- 9.7.1.3. Product benchmarking
- 9.7.1.4. Recent developments
- 9.7.2. BASF SE
- 9.7.2.1. Participant's overview
- 9.7.2.2. Financial performance
- 9.7.2.3. Product benchmarking
- 9.7.2.4. Recent developments
- 9.7.3. Stonhard
- 9.7.3.1. Participant's overview
- 9.7.3.2. Financial performance
- 9.7.3.3. Product benchmarking
- 9.7.3.4. Recent developments
- 9.7.4. AKZO NOBEL N.V.
- 9.7.4.1. Participant's overview
- 9.7.4.2. Financial performance
- 9.7.4.3. Product benchmarking
- 9.7.4.4. Recent developments
- 9.7.5. Asian Paints Limited
- 9.7.5.1. Participant's overview
- 9.7.5.2. Financial performance
- 9.7.5.3. Product benchmarking
- 9.7.5.4. Recent developments
- 9.7.6. Terrazzo & Marble Supply
- 9.7.6.1. Participant's overview
- 9.7.6.2. Financial performance
- 9.7.6.3. Product benchmarking
- 9.7.6.4. Recent developments
- 9.7.7. Maris Polymers
- 9.7.7.1. Participant's overview
- 9.7.7.2. Financial performance
- 9.7.7.3. Product benchmarking
- 9.7.7.4. Recent developments
- 9.7.8. 3M
- 9.7.8.1. Participant's overview
- 9.7.8.2. Financial performance
- 9.7.8.3. Product benchmarking
- 9.7.8.4. Recent developments
- 9.7.9. Koninklijke DSM N.V.
- 9.7.9.1. Participant's overview
- 9.7.9.2. Financial performance
- 9.7.9.3. Product benchmarking
- 9.7.9.4. Recent developments
- 9.7.10. Michelman, Inc.
- 9.7.10.1. Participant's overview
- 9.7.10.2. Financial performance
- 9.7.10.3. Product benchmarking
- 9.7.10.4. Recent developments
- 9.7.11. AXALTA COATING SYSTEMS LTD.
- 9.7.11.1. Participant's overview
- 9.7.11.2. Financial performance
- 9.7.11.3. Product benchmarking
- 9.7.11.4. Recent developments
- 9.7.12. Chugoku Marine Paints, Ltd.
- 9.7.12.1. Participant's overview
- 9.7.12.2. Financial performance
- 9.7.12.3. Product benchmarking
- 9.7.12.4. Recent developments
- 9.7.13. Hempel A/S
- 9.7.13.1. Participant's overview
- 9.7.13.2. Financial performance
- 9.7.13.3. Product benchmarking
- 9.7.13.4. Recent developments
- 9.7.14. Kansai Paint Co., Ltd.
- 9.7.14.1. Participant's overview
- 9.7.14.2. Financial performance
- 9.7.14.3. Product benchmarking
- 9.7.14.4. Recent developments
- 9.7.15. Nippon Paint Holdings Co., Ltd.
- 9.7.15.1. Participant's overview
- 9.7.15.2. Financial performance
- 9.7.15.3. Product benchmarking
- 9.7.15.4. Recent developments
- 9.7.16. Kansai Paint Co., Ltd.
- 9.7.16.1. Participant's overview
- 9.7.16.2. Financial performance
- 9.7.16.3. Product benchmarking
- 9.7.16.4. Recent developments
- 9.7.17. Grand Polycoats
- 9.7.17.1. Participant's overview
- 9.7.17.2. Financial performance
- 9.7.17.3. Product benchmarking
- 9.7.17.4. Recent developments
- 9.7.18. Florock Polymer Flooring
- 9.7.18.1. Participant's overview
- 9.7.18.2. Financial performance
- 9.7.18.3. Product benchmarking
- 9.7.18.4. Recent developments
- 9.7.19. CPC Floor Coatings
- 9.7.19.1. Participant's overview
- 9.7.19.2. Financial performance
- 9.7.19.3. Product benchmarking
- 9.7.19.4. Recent developments
- 9.7.20. Tikkurila Oyj
- 9.7.20.1. Participant's overview
- 9.7.20.2. Financial performance
- 9.7.20.3. Product benchmarking
- 9.7.20.4. Recent developments
- 9.7.21. Teknos Group
- 9.7.21.1. Participant's overview
- 9.7.21.2. Financial performance
- 9.7.21.3. Product benchmarking
- 9.7.21.4. Recent developments
- 9.7.22. Mapei S.p.A.
- 9.7.22.1. Participant's overview
- 9.7.22.2. Financial performance
- 9.7.22.3. Product benchmarking
- 9.7.22.4. Recent developments
- 9.7.23. LATICRETE International, Inc.
- 9.7.23.1. Participant's overview
- 9.7.23.2. Financial performance
- 9.7.23.3. Product benchmarking
- 9.7.23.4. Recent developments
- 9.7.24. The Jotun Group
- 9.7.24.1. Participant's overview
- 9.7.24.2. Financial performance
- 9.7.24.3. Product benchmarking
- 9.7.24.4. Recent developments
- 9.7.25. ArmorPoxy
- 9.7.25.1. Participant's overview
- 9.7.25.2. Financial performance
- 9.7.25.3. Product benchmarking
- 9.7.25.4. Recent developments
- 9.7.26. Arkema
- 9.7.26.1. Participant's overview
- 9.7.26.2. Financial performance
- 9.7.26.3. Product benchmarking
- 9.7.26.4. Recent developments
- 9.7.27. PPG Industries, Inc.
- 9.7.27.1. Participant's overview
- 9.7.27.2. Financial performance
- 9.7.27.3. Product benchmarking
- 9.7.27.4. Recent developments
- 9.7.28. The Sherwin-Willams Company
- 9.7.28.1. Participant's overview
- 9.7.28.2. Financial performance
- 9.7.28.3. Product benchmarking
- 9.7.28.4. Recent developments
- 9.7.29. Tambour
- 9.7.29.1. Participant's overview
- 9.7.29.2. Financial performance
- 9.7.29.3. Product benchmarking
- 9.7.29.4. Recent developments
- 9.7.30. The Dow Chemical Company
- 9.7.30.1. Participant's overview
- 9.7.30.2. Financial performance
- 9.7.30.3. Product benchmarking
- 9.7.30.4. Recent developments
- 9.7.31. The Lubrizol Corporation
- 9.7.31.1. Participant's overview
- 9.7.31.2. Financial performance
- 9.7.31.3. Product benchmarking
- 9.7.31.4. Recent developments
- 9.7.32. Sika Group
- 9.7.32.1. Participant's overview
- 9.7.32.2. Financial performance
- 9.7.32.3. Product benchmarking
- 9.7.32.4. Recent developments