Global Floor Coating Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Floor Coating Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global floor coating market report has been segmented on the basis of product type, floor material, end-use industries, and region.
In buildings, floor is the area that is exposed to huge amount of wear and thus requires more maintenance and care. Floor coatings offer various features such as high abrasion, protection, chemical protection, impact resistance, decorative aspects, simple application, and low cost. Floor coatings are primarily used as defensive layer which is applied to floor surface. In various situations different varieties of coatings are selected from and each type of the floor coatings possesses with different characteristics to suit particular environment. Floor coatings offers various advantages such as protecting measures including corrosion resistant, cost effectiveness, low maintenance cost, and prevent moisture damage, along with long shelf life of floor coatings. Floor coating products are segmented on the basis of requirement and environment. Floor coating is applied on tiles, wooden floors, concrete, etc. so that it can acts as defensive layer to protect moisture damage, thermal shocks, chemical attacks, and corrosion resistant.
Shifting trend towards the floor protection in the transportation, manufacturing, food-processing, and chemical industries is a major factor expected to increase the floor coating products demand, which in turn expected to drive growth of the global market. Moreover, various advantages offered by the floor coating products such as corrosion resistant, moisture resistant, low maintenance cost, and cost effectiveness is additional factor projected to drive the global floor coating market growth.
Rapid industrialization and increased globalization is another factor estimated to fuel growth of the target market in the next few years. In addition, increasing demand for floor coating products from reconstruction and renovation sectors is another factor projected to propel the target market growth. Moreover, rising demand for various innovative products such as architectural coating products that reflect sun radiant heat is additional factor expected offer lucrative revenue growth opportunities for the major players operating in the target market. However, stringent government regulation is a major factor estimated to hamper the target market growth.
Among the product type segments, the epoxy segment is expected to account for moderate revenue share in the global floor coating market. This can be attributed to various properties offered by epoxy resins such as resistance from corrosion, acid rain, UV radiation, etc. The epoxy segment is expected to register highest revenue growth over the forecast period.
Among the floor material segments, the concrete segment is estimated to account for moderate share in terms of revenue in the global floor coating market. The concrete segment is projected to register fastest revenue growth over the forecast period.
The Asia Pacific market is expected to register for major share in terms of revenue in the global market. This is attributed to high demand from residential and commercial sectors. The Asia Pacific market is projected to register highest GAGR, owing to increasing construction and reconstruction activities and high adoption rate of floor coating products in countries in region.
Global Market Segmentation:
Global market segmentation, by Product Type:
Global market segmentation, by Floor Material:
- Other (Stone, Granite, Tiles)
Global market segmentation, by End-user Industries:
Global market segmentation, by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Akzo Nobel N.V.
- PPG Asian Paints Private Ltd
- BASF SE
- Henkel AG & Co. KGaA
- RPM International Inc.
- PPG Industries, Inc.
- Sika AG
- Kansai Nerolac Paints Limited
- LATICRETE International, Inc.
- Nipsea Technologies Pte Ltd.
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