Floor Coating Market, Product Type (Epoxy, Polyaspartics, Acrylic, Polyurethane, and Other Product Types), By Floor Material (Wood, Concrete, and Other Floor Materials (Stone, Granite, Tiles)), By Coatings Component (One-component (1K), Two-component (2K), Three-component (3K), and Other Components (4K, 5K, etc.)), By End-user (Residential, commercial, and industrial), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI404520 | Publish Date: March 2024 | No. of Pages: 172

Global Floor Coating Market Product Overview

Floor Coating Market was valued at US$ 3675.4 Million in 2024 and is projected to grow at a CAGR of 8.10% to reach US$ 7448.7 Million by 2034.

Floor coatings are hard, protective layers used in applications where heavy surface wear or corrosion is expected. Typical applications include warehouses, chemical plants, and manufacturing floors. This help to protect concrete from harmful tumbles and heavy mishandling also increase an operation’s overall workplace environment. As well as Coating protects floors from moisture, stains, cracks, and provides a high-performance, smooth, and durable surface. The coating is available in various colors and structure therefore they are used in various commercial and household building to make it more attractive.

Floor Coating Market Report

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Global Floor Coating Market Product Drivers & Restraints

Growing construction activities globally, and the rising adoption of new technology, and advanced construction procedures are some of the factors driving the growth of the market. For instance according to policy.ciob.org. The global construction market is expected to grow US$8 trillion by 2030, up by 85% and increasing by an average annual rate of 3.9% to 2030. Additionally Growing population and economic stability in several countries influenced people for commercial, public, and residential building such factor anticipated to boost the Floor Coating market.  Also, the rising urban population is anticipated to foster the demand for residential building such factor boost global market in future. For instance, according to UN Org Nowadays, 55% of the world's population lives in urban areas, and it is expected to increase to 68% by 2050. Furthermore, the factor such as rising disposable income boosting people to invest more for well residential structures may drive the global construction chemical market growth. Increasing pollution concern due to construction restrains the market growth.

Global Floor Coating Market Product Segmentations & Regional Insights

The floor coating market is segmented based on product type, by end-user, and region.

By Product type, the Floor Coating market is classified into epoxy, polyaspartics, acrylic, polyurethane, and other product types. By floor material, the Floor Coating market is classified into the wood, concrete, and other floor materials (stone, granite, tiles). Concrete is accounted to dominate the segment. Owing to diverse application such as polished, stained, or etched form, in houses. Concrete flooring has application almost everywhere, together with within the kitchen, bathroom, basement, entry, foyer, mudroom, bathroom, garage, etc. By coatings component, the Floor Coating market is classified into one-component (1k), two-component (2k), three-component (3k), and other components (4k, 5k, etc.). By End-user Industry the Floor Coating market is classified into residential, commercial, and industrial.

The Asia-Pacific region is accepted to dominate the target market.  Owing to the rising population, an increase in middle-class incomes, and urbanization. For instance, according to db.org Asian cities are growing rapidly and it estimated that around 1.1 billion people will live in cities in the next 20 years. Also by 2030, around 55% of the population of Asia will be urban. China dominates the regional market for Floor Coating globally due to higher production for construction chemical.

Floor Coating Market, By Product Type:

  • Epoxy
  • Polyaspartics
  • Acrylic
  • Polyurethane
  • Other Product Types

Floor Coating Market, By Floor Material:

  • Wood
  • Concrete
  • Other Floor Materials (Stone, Granite, Tiles))

Floor Coating Market, By Coatings Component:

  • One-component (1K)
  • Two-component (2K)
  • Three-component (3K)
  • Other Components (4K, 5K, etc.)

Floor Coating Market, By End-user

  • Residential
  • Commercial
  • Industrial

Floor Coating Market, By Region:

      • North America
        • North America Floor Coating Market, By Product Type
        • North America Floor Coating Market, By Floor Material
        • North America Floor Coating Market, By Coatings Component
        • North America Floor Coating Market, By End-User 
        • North America Floor Coating Market, By Country
          • U.S.
          • Canada
      • Europe
        • Europe Floor Coating Market, By Product Type
        • Europe Floor Coating Market, By Floor Material
        • Europe Floor Coating Market, By Coatings Component
        • Europe Floor Coating Market, By End-User 
        • Europe Floor Coating Market, By Country
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
        • Asia Pacific Floor Coating Market, By Product Type
        • Asia Pacific Floor Coating Market, By Floor Material
        • Asia Pacific Floor Coating Market, By Coatings Component
        • Asia Pacific Floor Coating Market, By End-User 
        • Asia Pacific Floor Coating Market, By Country
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
        • Latin America Floor Coating Market, By Product Type
        • Latin America Floor Coating Market, By Floor Material
        • Latin America Floor Coating Market, By Coatings Component
        • Latin America Floor Coating Market, By End-User 
        • Latin America Floor Coating Market, By Country
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
        • Middle East & Africa Floor Coating Market, By Product Type
        • Middle East & Africa Floor Coating Market, By Floor Material
        • Middle East & Africa Floor Coating Market, By Coatings Component
        • Middle East & Africa Floor Coating Market, By End-User 
        • Middle East & Africa Floor Coating Market, By Country
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Floor Coating Market Product Competitive Landscape & Key Players

The key players operating the Floor Coating market involves Akzo Nobel NV, ArmorPoxy, Asian Paints, BASF SE, Epoxy-Coat, Henkel AG & Co. KGaA, Jotun, Kansai Nerolac Paints Limited, LATICRETE International Inc., and Mapei. The major player in the market are focusing on merger and acquisition strategy, for example in November 2019 Akzo Nobel N.V. completed the acquisition of French aerospace coatings manufacturer Mapaero. This deal will strengthen AkzoNobel's global position in aerospace coatings, also aim to provide customers with a much wider portfolio of innovative and sustainable solutions.

Global Floor Coating Market Product Company Profile

Akzo Nobel NV

      • Company Overview
      • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Business Strategies
  • ArmorPoxy
  • Asian Paints
  • BASF SE
  • Epoxy-Coat
  • Henkel AG & Co.KGaA
  • Jotun
  • Kansai Nerolac Paints Limited
  • LATICRETE International Inc.
  • Mapei

“*” marked represents similar segmentation in other categories in the respective section