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Floor Coating Market - Forecast (2020 - 2025)

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  • 117 Pages
  • March 2020
  • Region: Global
  • IndustryARC
  • ID: 4033579
Floor Coatings Market Overview

Floor coatings are beneficial for application where slip resistance and chemical resistance properties are required for floors. Furthermore, floor coatings exhibit anti-vibration, anti-static, and waterproof properties, which have been escalating its demand. Floor coatings come in diverse options of colors and styles, providing an attractive finish to the floor and bare concrete. These characteristics make it widely popular for application in hotels, houses, warehouses, and offices. The global Floor Coatings market is expected to register a growth at the rate of 5.68% CAGR through the forecast period 2020-2025.

Floor Coatings Market Outlook

Epoxy segment holds a share of more than 50 percent in the floor coatings market and is expected to witness more than 5.84% CAGR up to 2025. Increasing demand for floor coatings in the manufacturing sector owing to excellent adhesion, high mechanical strength, and improved chemical resistance benefits majorly supports the product growth during the forecast period. Government’s stringent regulatory norms for food and beverage manufacturing companies mandating improved hygienic standards in the facilities across the regions strongly support market growth.

Floor Coatings Market Growth Drivers

The flourishing construction industry with escalating renovation and new infrastructural projects are expected to drive the floor coatings business. The construction business in APAC region is one of the factors driving the regional floor coating industry. In the past few years, regional economies such as India and China have experienced massive growth in infrastructural development, which has maximized the floor coatings demand in the region.

Floor Coatings Market Challenges

The Floor Coatings industry has been affected because of the gradually increasing prices of raw materials. The commodities are very important for paint and coating manufacturers as more than fifty percent of operating costs are allotted to raw materials. The rise in commodity prices increases the cost of finished products, which severely affects the market growth. The basic chemicals such as solvents, monomers, acrylic monomers, resins, and other raw materials have also been strongly affected.

Floor Coating Market

Floor Coatings Market Research Scope

The base year of the study is 2020, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Floor Coatings market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of floor coatings, and their specific applications in different industries.

Floor Coatings Report: Industry Coverage

  • Floor Coatings Market by type: Epoxy, Acrylics, Polyurethane, PMMA.

  • Floor Coatings Market by formulation: Water-based and Solvent-based.

- Floor Coatings Market by flooring material: Wood, Concrete, Mortar, Terrazzo.

  • Floor Coatings Market by application: Commercial buildings, Institutional buildings, Infrastructure, Residential and Industrial.

The Floor Coatings report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions.

The regions and countries covered in the study include:

  • North America:  The U.S., Canada, Mexico

  • South America : Brazil, Argentina, Chile, Colombia, Rest of South America

  • Europe: The U.K., Germany, France, Russia, Italy, Spain, Rest of Europe

  • APAC: China, Japan, South Korea, India, Rest of APAC

  • Rest of the World: The Middle East and Africa

Floor Coatings Market Key Players Perspective

Sherwin-Williams, PPG, Akzo Nobel N.V., Sika AG, and BASF SE are the major players in this market.

Floor Coatings Market Trends

Floor coating industry manufacturers are focusing on improving the supply chain, starting from the raw material suppliers to third-party distributors. BASF launched heavy duty anti-static industrial flooring system, Ucrete MF40AS, in the European market in the year 2016. This strategy was to enhance the product portfolio of chemical solutions for the construction industry. Epoxy layers are primarily the preferred technology in ground surface solutions owing to its long durability and quick adhesive property, increasing the industrial floor coatings market demand.

Table of Contents

1. Floor Coatings Market - Market Overview
1.1 Definitions and Scope
2. Floor Coatings Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by Type of Product
2.3 Key Trends by Type of Flooring Material
2.4 Key Trends by Type of Formulation
2.5 Key Trends by Type of Application
2.6 Key Trends Segmented by Geography
3. Floor Coatings Market - Market Landscape
3.1 Comparative Analysis
3.1.1 Product Benchmarking - Top 10 Companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value Split by Top 10 Companies
3.1.4 Patent Analysis - Top 10 Companies
5. Floor Coatings Market - Market Forces
5.1 Market Drivers
5.2 Market Constraints
5.3 Market Opportunities
5.4 Porter’s Five Force Model
5.4.1 Bargaining Power of Suppliers
5.4.2 Bargaining Power of Customers
5.4.3 Threat of New Entrants
5.4.4 Rivalry Among Existing Players
5.4.5 Threat of Substitutes
4. Floor Coatings Market - Strategic Analysis
4.1 Value Chain Analysis
4.2 Pricing Analysis
4.3 Product Life Cycle
4.4 Suppliers And Distributors
5. Floor Coatings Market - By Type (Market Size - $Million/$Billion)
5.1 Market Size and Market Share Analysis
5.2 Application Revenue and Trend Research
5.3 Product Segment Analysis
5.3.1 Epoxy
5.3.2 Polyurethane
5.3.3 Acrylics
5.3.4 Polymethyl Methacrylate (PMMA)
5.3.5 Others
6. Floor Coatings Market - By Formulation (Market Size - $Million/$Billion)
6.1 Solvent-based
6.2 Water-based
6.3 Others
7. Floor Coatings Market - By Flooring Material (Market Size - $Million/$Billion)
7.1 Wood
7.2 Concrete
7.3 Mortar
7.4 Terrazzo
7.5 Others
11. Floor Coatings Market - By Application (Market Size - $Million/$Billion)
11.1 Commercial Buildings
11.1.1 Shopping Malls
11.1.2 Restaurants and Hotels
11.1.3 Office Buildings
11.1.4 Others
11.2 Institutional Buildings
11.2.1 Educational Institutions
11.2.2 Museums
11.2.3 Hospitals
11.2.4 Others
11.3 Infrastructure
11.3.1 Transportation Facility
11.3.2 Pedestrian Walkways
11.4 Residential
11.5 Industrial
11.5.1 Manufacturing Facilities
11.5.2 Food Processing
11.5.3 Warehouses
11.5.4 Others
10. Floor Coatings Market - By Geography (Market Size - $Million/$Billion)
10.1 Floor Coatings Market - North America Segment Research
10.2 North America Market Research (Market Size - $Million/$Billion)
10.2.1 Segment Type Size and Market Size Analysis
10.2.2 Revenue and Trends
10.2.3 Application Revenue and Trends by Type of Application
10.2.4 Company Revenue and Product Analysis
10.2.5 North America Product Type and Application Market Size U.S. Canada Mexico
10.3 Floor Coatings Market - South America Segment Research
10.4 South America Market Research (Market Size - $Million/$Billion)
10.4.1 Segment Type Size and Market Size Analysis
10.4.2 Revenue and Trends
10.4.3 Application Revenue and Trends by Type of Application
10.4.4 Company Revenue and Product Analysis
10.4.5 South America Product Type and Application Market Size Brazil Argentina Chile Colombia Rest of South America
10.5 Floor Coatings Market - Europe Segment Research
10.6 Europe Market Research (Market Size - $Million/$Billion)
10.6.1 Segment Type Size and Market Size Analysis
10.6.2 Revenue and Trends
10.6.3 Application Revenue and Trends by Type of Application
10.6.4 Company Revenue and Product Analysis
10.6.5 Europe Product Type and Application Market Size U.K. Germany Italy France Spain Russia Rest of Europe
10.7 Floor Coatings Market - Asia-Pacific Segment Research
10.8 Asia-Pacific Market Research (Market Size - $Million/$Billion)
10.8.1 Segment Type Size and Market Size Analysis
10.8.2 Revenue and Trends
10.8.3 Application Revenue and Trends by Type of Application
10.8.4 Company Revenue and Product Analysis
10.8.5 Asia-Pacific Product Type and Application Market Size China Japan South Korea India Australia and New Zealand Rest of APAC
10.9 Floor Coatings Market - Middle East & Africa Segment Research
10.10 Middle East & Africa Market Research (Market Size - $Million/$Billion)
10.10.1 Segment Type Size and Market Size Analysis
10.10.2 Revenue and Trends
10.10.3 Application Revenue and Trends by Type of Application
10.10.4 Company Revenue and Product Analysis
10.10.5 Middle East & Africa Product Type and Application Market Size Saudi Arabia UAE South Africa Nigeria Rest of Middle East & Africa
11. Floor Coatings Market – Market Entropy
11.1 New product launches
11.2 M&As, collaborations, JVs and partnerships
12. Floor Coatings Market - Industry/Segment Competition Landscape
12.1 Market Share Analysis
12.1.1 Market Share by Country - Top Companies
12.1.2 Market Share by Region - Top 10 Companies
12.1.3 Market Share by Type of Application - Top 10 Companies
12.1.4 Market Share by Type of Product/Product Category - Top 10 Companies
12.1.5 Market Share at Global Level - Top 10 Companies
12.1.6 Best Practices for Companies
13. Floor Coatings Market Company Analysis
13.1 Market Share, Company Revenue, Products, M&A, Developments
13.2 Sherwin-Williams
13.3 PPG
13.4 Akzo Nobel N.V.
13.5 Sika AG
13.6 BASF SE
14. Floor Coatings Market - Appendix
14.1 Abbreviations
14.2 Sources
15. Floor Coatings Market - Methodology
15.1 Company Expert Interviews
15.2 Industry Databases
15.3 Associations
15.4 Company News
15.5 Company Annual Reports
15.6 Application Trends
15.7 New Products and Product Database
15.8 Company Transcripts
15.9 R&D Trends
15.9.1 Key Opinion Leaders Interviews
15.9.2 Supply and Demand Trends