Floor Coatings Market Report and Forecast 2025-2034

The global floor coatings market attained a value of nearly USD 3.29 billion in 2024. The market is further expected to grow in the forecast period of 2025-2034 at a CAGR of 7.10%, reaching a value of USD 6.55 billion by 2034.

The market is being propelled forward due to the rising construction activities and increasing applications of coatings in the industrial, commercial, and residential sectors. The Asia-Pacific is currently dominating the market due to the rising demand for floor coatings in the region.

Market Segmentation

The floor coatings market can be broadly categorised based on:

Breakup by Binder Type

• Epoxy
• Thermoplastic
• Thermoset
• Others

Breakup by Component Type

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

Breakup by Floor Structure

• Wood
• Terrazzo
• Mortar
• Others

Breakup by End Use

• Residential
• Commercial
• Industrial

Breakup by Region

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

Market Analysis

The global floor coatings market is being driven by the rising expenditure on construction activities, globally. The one-component (1k) segment, among other coating components, is growing at a faster rate due to the growth in the residential sector and development in infrastructure, including indoor playing grounds and walkways. The growth in the food industry and chemical processing, along with rapid industrialisation and rising manufacturing industries are factors driving the growth in demand for floor coatings in the industrial segment. Epoxy is the binder type that is anticipated to dominate the industry over the forecast period due to its high adoption in industrial and commercial applications. The Asia-Pacific leads the industry, followed by Europe, as a result of increasing demand for floor coatings in the residential, commercial, and industrial sectors in the region. Moreover, growing demand for green buildings in emerging economies such as India, China, and New Zealand is providing further impetus to the industry. However, the availability of substitutes, such as tiles, carpet, and bamboo flooring, may hinder the growth of the industry in the coming years.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global floor coatings market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• BASF SE (ETR: BAS)
• Akzo Nobel N.V. (AMS: AKZA)
• Dow Chemical Company (NYSE: DD)
• Arkema Group
• Maris Polymers
• Nora Systems GmbH

The report gives an in-depth insight into the global floor coatings market by providing a SWOT analysis as well as an analysis of Porter’s five forces.