Floor Coating Market is expected to reach US$ 4,256.5 million by 2028

Rise in Number of Commercial and Residential Construction Projects

According to our latest market study on "Floor Coating Market to 2028 – Global Analysis and Forecast – by Type, Formulation, Coating Component, Flooring Material, and Application," the market is expected to grow from US$ 2,796.3 million in 2022 to US$ 4,256.5 million by 2028; it is estimated to grow at a CAGR of 6.9% from 2022 to 2028. The report highlights key factors driving the market growth and prominent players along with their developments in the market.

Industrial floor coating exhibits desirable properties such as waterproof, anti-static, anti-vibration, and anti-skid. These desirable properties have made them the favored coating in many industrial and construction applications. Floor coating protects the concrete surfaces onto which they are applied and are responsible for extending the life of the underlying concrete floors. They are inert to oils, detergents and cleaners, transmission fluids, water, hail, snow, and corrosive chemicals. Floor coating are also used to improve the aesthetic appeal of the floor. They are available in a number of colors, shades, and textures. Metallic pigments, and vinyl color flakes are added to the floor coating systems to produce floor coating surfaces with iridescent colors. The aesthetic appeal of colorful floor coating is expected to drive the market for floor coating used in new housing projects and renovation of old houses. The aesthetic appeal of the seamless floor is expected to boost the floor coating market growth.

Global Floor Coating Market Breakdown – by Region

 

Floor coating systems used in indoor and outdoor sports arenas need the right combination of properties such as excellent point elasticity, skid resistance, surface elasticity, and rebound properties. They should also be extremely durable while displaying excellent optical characteristics and compatibility with commonly used coloring materials and additives. High-performance polyurethane floor coatings impart excellent elasticity and good grip to surfaces while allowing players to be agile and move skillfully on the court. Hence, it is a preferred material for coating floors in indoor sports halls; tennis, volleyball, and basketball courts; and wrestling and gymnastic halls. The rising expenditure to build sport complexes and arenas undertaken by government and private construction companies has led to the development of numerous sports facilities in urban and suburban areas. The development of a large number of sport facilities is likely to generate considerably high demand for specialized high-performance floor coating materials. These factors are expected to propel the floor coating market growth during the forecast period.

A few players operating in the global floor coating market include Axalta Coating Systems Ltd., Apurva India Pvt. Ltd., Asian Paints Limited, Grand Polycoats, Maris Polymers S.A., Michelman, Inc., The Lubrizol Corporation, The Sherwin-Williams Company, PPG Industries, Inc., and 3M. Players operating in the floor coating market are focusing on providing high-quality products to fulfill customer demand. They are also focusing on strategies such as investments in research and development activities and new product launches.

The report includes the segmentation of the global floor coating market as follows:

The global floor coating market is segmented into type, formulation, coating component, flooring material, application, and geography. The global floor coating market is segmented by type into epoxy, polyurethane, acrylics, polymethyl methacrylate, and others. From formulation point of reference, the market is categorized into solvent-based and water-based. By coating component, the floor coating market is segmented into 1K, 2K, and 3K. In terms of flooring material, the market is segmented into wood, concrete, mortar, terrazzo, and others. By application, the market is segmented into residential, commercial, and industrial. By geography, the global floor coating market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The floor coating market in North America is further segmented into the US, Canada, and Mexico. The floor coating market in Europe is subsegmented into Germany, France, the UK, Italy, Russia, and the rest of Europe. The market in Asia Pacific is further categorized into China, India, Japan, Australia, South Korea, and the rest of Asia Pacific. The market in the Middle East & Africa is further segmented into South Africa, Saudi Arabia, the UAE, and the rest of Middle East & Africa. The floor coating market in South & Central America is further categorized into Brazil, Argentina, and the rest of South & Central America.

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