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Global Floor Coatings Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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  • 144 Pages
  • November 2023
  • Region: Global
  • IMARC Group
  • ID: 5911932
The global floor coatings market size reached US$ 2.7 Billion in 2022. Looking forward, the market is expected to reach US$ 3.9 Billion by 2028, exhibiting a growth rate (CAGR) of 6.32% during 2022-2028.

Floor coatings are tough, protective layers used wherein heavy surface wear or corrosion is expected. They protect the floor from moisture, cracks and provide a high-performance, smooth, and durable surface that withstands heavy loads for several years. They also assist in brightening or defining areas of facilities, marking traffic aisles, routing traffic, and covering stained concrete. As a result, they find a wide range of applications in warehouses, hospitals, manufacturing and industrial plants, showrooms, commercial and retail stores, garages, and airplane hangars across the globe.

Floor Coatings Market Trends

At present, there is a considerable rise in the utilization of floor coatings in the chemical industry to ensure high-performance flooring for research and development (R&D) labs, production plants, and other facilities. This represents one of the key factors strengthening the growth of the market. Moreover, floor coatings also provide chemical resistance, strict hygiene and adhere to safety protocols for avoiding the risks of damage, accidents and protecting the health of workers. They also have various beneficial properties, including high impact and extreme abrasion, to protect floors. Consequently, they are increasingly being utilized in the manufacturing industry around the world. Additionally, there is a significant increase in the risk of microbial growth due to spillage in the food and beverage (F&B) industry. As these contaminants degrade the purity of the processed food, there is a rise in the demand for durable and thick floor coatings to provide a protective barrier and ensure a hygienic surface. Other major factors, including the thriving construction industry on account of rising infrastructural developments and the escalating demand for tile flooring in residential and commercial applications, are anticipated to create a favorable market outlook.

Key Market Segmentation

This research provides an analysis of the key trends in each sub-segment of the global floor coatings market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on binder type, coating component, floor structure, formulation and end user.

Breakup by Binder Type:

  • Epoxy
  • Thermoplastic
  • Thermoset
  • Acrylic
  • Polyaspartics
  • Polyurethane
  • Polymethyl Methacrylate

Breakup by Coating Component:

  • One-Component (1K)
  • Two-Component (2K)
  • Three-Component (3K)

Breakup by Floor Structure:

  • Wood
  • Terrazzo
  • Mortar
  • Concrete

Breakup by Formulation:

  • Solvent-Based
  • Water-Based

Breakup by End User:

  • Residential
  • Commercial
  • Industrial

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Latin America
  • Brazil
  • Mexico
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, Akzo Nobel N.V., Arkema S.A., Asian Paints Ltd., Axalta Coating Systems Ltd., BASF SE, Henkel AG & Co. KGaA, Kansai Paint Co. Ltd., Koninklijke DSM N.V., PPG Industries Inc., RPM International Inc., Sika AG, The Dow Chemical Company and The Sherwin-Williams Company.

Key Questions Answered in This Report:

  • How has the global floor coatings market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global floor coatings market?
  • What are the key regional markets?
  • What is the breakup of the market based on the binder type?
  • What is the breakup of the market based on the coating component?
  • What is the breakup of the market based on the floor structure?
  • What is the breakup of the market based on the formulation?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global floor coatings market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Floor Coatings Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Binder Type
6.1 Epoxy
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Thermoplastic
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Thermoset
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Acrylic
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Polyaspartics
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Polyurethane
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Polymethyl Methacrylate
6.7.1 Market Trends
6.7.2 Market Forecast
6.8 Others
6.8.1 Market Trends
6.8.2 Market Forecast
7 Market Breakup by Coating Component
7.1 One-Component (1K)
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Two-Component (2K)
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Three-Component (3K)
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Floor Structure
8.1 Wood
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Terrazzo
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Mortar
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Concrete
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Formulation
9.1 Solvent-Based
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Water-Based
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Others
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by End User
10.1 Residential
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Commercial
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Industrial
10.3.1 Market Trends
10.3.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States Market Trends Market Forecast
11.1.2 Canada Market Trends Market Forecast
11.2 Asia-Pacific
11.2.1 China Market Trends Market Forecast
11.2.2 Japan Market Trends Market Forecast
11.2.3 India Market Trends Market Forecast
11.2.4 South Korea Market Trends Market Forecast
11.2.5 Australia Market Trends Market Forecast
11.2.6 Indonesia Market Trends Market Forecast
11.2.7 Others Market Trends Market Forecast
11.3 Europe
11.3.1 Germany Market Trends Market Forecast
11.3.2 France Market Trends Market Forecast
11.3.3 United Kingdom Market Trends Market Forecast
11.3.4 Italy Market Trends Market Forecast
11.3.5 Spain Market Trends Market Forecast
11.3.6 Russia Market Trends Market Forecast
11.3.7 Others Market Trends Market Forecast
11.4 Latin America
11.4.1 Brazil Market Trends Market Forecast
11.4.2 Mexico Market Trends Market Forecast
11.4.3 Others Market Trends Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 3M Company Company Overview Product Portfolio Financials SWOT Analysis
16.3.2 Akzo Nobel N.V. Company Overview Product Portfolio Financials SWOT Analysis
16.3.3 Arkema S.A. Company Overview Product Portfolio Financials SWOT Analysis
16.3.4 Asian Paints Ltd. Company Overview Product Portfolio Financials SWOT Analysis
16.3.5 Axalta Coating Systems Ltd. Company Overview Product Portfolio Financials SWOT Analysis
16.3.6 BASF SE Company Overview Product Portfolio Financials SWOT Analysis
16.3.7 Henkel AG & Co. KGaA Company Overview Product Portfolio Financials SWOT Analysis
16.3.8 Kansai Paint Co. Ltd. Company Overview Product Portfolio Financials SWOT Analysis
16.3.9 Koninklijke DSM N.V. Company Overview Product Portfolio Financials SWOT Analysis
16.3.10 PPG Industries Inc. Company Overview Product Portfolio Financials SWOT Analysis
16.3.11 RPM International Inc. Company Overview Product Portfolio Financials SWOT Analysis
16.3.12 Sika AG Company Overview Product Portfolio Financials
16.3.13 The Dow Chemical Company Company Overview Product Portfolio
16.3.14 The Sherwin-Williams Company Company Overview Product Portfolio Financials SWOT Analysis

Companies Mentioned

  • 3M Company
  • Akzo Nobel N.V.
  • Arkema S.A.
  • Asian Paints Ltd.
  • Axalta Coating Systems Ltd.
  • Henkel AG & Co. KGaA
  • Kansai Paint Co. Ltd.
  • Koninklijke DSM N.V.
  • PPG Industries Inc.
  • RPM International Inc.
  • Sika AG
  • The Dow Chemical Company
  • The Sherwin-Williams Company



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