Analyst Perspective
The global concrete floor coating market is estimated to register a CAGR of 6.3% from 2022 to 2030. Rapid urbanization in developing countries plays a significant role in impacting the growth of the concrete floor market. Shift towards environmentally friendly coatings, growing demand for the residential sector, and advancement of nanotechnology influence the positive growth of the concrete floor coating market. The market for concrete floor coating is anticipated to grow significantly during the forecast period.
Market Overview
The demand for concrete floor coating is increasing because it creates a desired ambiance and has vast choices, from transparent to colored ones. Epoxy and polyurethane used in concrete floor coating are durable, long-lasting, and suitable for various infrastructures. Floors coated with concrete floor coatings are easier to clean and can be customized to various degrees. The acrylic coating is cost-effective and provides decorative appeal to the flooring. Furthermore, there is an ongoing surge in the demand for concrete flooring due to the rise in the construction sector. Also, the growing awareness of the protective benefits of concrete floor coatings against thermal shocks and chemical attacks further boosts its demand in the global market. However, fluctuations in the price of raw materials may hamper the growth of the concrete floor market during the forecast period.
Market Drivers
- Development of the construction sector
The construction sector has seen rapid growth due to several factors, including infrastructure needs, population growth, urbanization, technological advancements, global connectivity, etc. The construction sector significantly contributes to any country's socio-economic development. The increasing demand in the construction sector is driving a corresponding rise in the need for flooring solutions, particularly leading to a high demand for concrete floor coating.
- Rise in demand for protective and decorative coating
High-quality concrete coating works well in protecting the surface from damage. Concrete coating gives protection against corrosion, wear and tear, and UV radiation. The increase in demand for aesthetically appealing flooring by residential and non-residential end-users has further influenced the growth of the concrete floor coating market.
Market Segmentation
The global concrete floor coating market is segmented based on material type, application, and end-use. On the basis of material type, the market is segmented into epoxy, polyaspartic, acrylic, polyurethane, and others. The concrete floor market is segmented based on application into Indoor and Outdoor. Based on end-use, the market is segmented into residential and non-residential.
Regional Analysis
The report provides a detailed industry overview, which includes qualitative and quantitative information. It also provides an overview and forecast of the global concrete floor coatings market based on several segments. It gives an overview of market size and forecast estimates from 2020 to 2030 concerning five major regions, i.e., North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA) and South & Central America. The concrete floor coatings market by region is also sub-segmented by respective countries and segments. The concrete floor coatings market report covers an analysis and forecast of eighteen countries globally and the prevailing trends and opportunities in the region.
The report analyses the demand and supply factors affecting the concrete floor coatings market. Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends. The report also provides an extensive Porter's Five Forces analysis highlighting factors affecting these regions' concrete floor coatings market.
Key Players
The reports cover vital organic and inorganic growth strategy developments in the concrete floor coating market. Various companies concentrate on organic growth strategies such as product launches, approvals, patents, and others. Inorganic growth strategies activities observed in the market were acquisitions, partnerships & collaborations. These activities have paved the way for the development of the business and customer base of market players. The market players in the concrete floor coatings market are anticipated to have lucrative growth opportunities with the increase in demand for sustainable coatings in the global market.
The report includes key companies' profiles, SWOT analysis, and concrete floor coatings market strategies. The report also focuses on leading market players with information including company profiles, components, and services offered, financial information for the last three years, and critical development in the past five years.
Below is a list of companies engaged in the Concrete floor coatings market.
- BASF Se
- PPG Industries
- Trucrete Surfacing Systems
- The Sherwin-Williams Company
- RPM International
- Elite Crete Systems
- Stonhord
- Nippon Paints
- Vanguard Concrete Coating
- West Pacific Coatings
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Concrete Floor Coating Market - By Resin Type
1.3.2 Concrete Floor Coating Market - By End-Use
1.3.3 Concrete Floor Coating Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CONCRETE FLOOR COATING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. CONCRETE FLOOR COATING MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. CONCRETE FLOOR COATING MARKET - GLOBAL MARKET ANALYSIS
6.1. CONCRETE FLOOR COATING - GLOBAL MARKET OVERVIEW
6.2. CONCRETE FLOOR COATING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. CONCRETE FLOOR COATING MARKET - REVENUE AND FORECASTS TO 2028 - RESIN TYPE
7.1. OVERVIEW
7.2. RESIN TYPE MARKET FORECASTS AND ANALYSIS
7.3. EPOXY
7.3.1. Overview
7.3.2. Epoxy Market Forecast and Analysis
7.4. POLYURETHANE
7.4.1. Overview
7.4.2. Polyurethane Market Forecast and Analysis
7.5. POLYESTER
7.5.1. Overview
7.5.2. Polyester Market Forecast and Analysis
7.6. VINYL ESTER
7.6.1. Overview
7.6.2. Vinyl Ester Market Forecast and Analysis
7.7. ACRYLIC
7.7.1. Overview
7.7.2. Acrylic Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. CONCRETE FLOOR COATING MARKET - REVENUE AND FORECASTS TO 2028 - END-USE
8.1. OVERVIEW
8.2. END-USE MARKET FORECASTS AND ANALYSIS
8.3. RESIDENTIAL
8.3.1. Overview
8.3.2. Residential Market Forecast and Analysis
8.4. COMMERCIAL
8.4.1. Overview
8.4.2. Commercial Market Forecast and Analysis
8.5. INDUSTRIAL
8.5.1. Overview
8.5.2. Industrial Market Forecast and Analysis
9. CONCRETE FLOOR COATING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Concrete Floor Coating Market Overview
9.1.2 North America Concrete Floor Coating Market Forecasts and Analysis
9.1.3 North America Concrete Floor Coating Market Forecasts and Analysis - By Resin Type
9.1.4 North America Concrete Floor Coating Market Forecasts and Analysis - By End-Use
9.1.5 North America Concrete Floor Coating Market Forecasts and Analysis - By Countries
9.1.5.1 United States Concrete Floor Coating Market
9.1.5.1.1 United States Concrete Floor Coating Market by Resin Type
9.1.5.1.2 United States Concrete Floor Coating Market by End-Use
9.1.5.2 Canada Concrete Floor Coating Market
9.1.5.2.1 Canada Concrete Floor Coating Market by Resin Type
9.1.5.2.2 Canada Concrete Floor Coating Market by End-Use
9.1.5.3 Mexico Concrete Floor Coating Market
9.1.5.3.1 Mexico Concrete Floor Coating Market by Resin Type
9.1.5.3.2 Mexico Concrete Floor Coating Market by End-Use
9.2. EUROPE
9.2.1 Europe Concrete Floor Coating Market Overview
9.2.2 Europe Concrete Floor Coating Market Forecasts and Analysis
9.2.3 Europe Concrete Floor Coating Market Forecasts and Analysis - By Resin Type
9.2.4 Europe Concrete Floor Coating Market Forecasts and Analysis - By End-Use
9.2.5 Europe Concrete Floor Coating Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Concrete Floor Coating Market
9.2.5.1.1 Germany Concrete Floor Coating Market by Resin Type
9.2.5.1.2 Germany Concrete Floor Coating Market by End-Use
9.2.5.2 France Concrete Floor Coating Market
9.2.5.2.1 France Concrete Floor Coating Market by Resin Type
9.2.5.2.2 France Concrete Floor Coating Market by End-Use
9.2.5.3 Italy Concrete Floor Coating Market
9.2.5.3.1 Italy Concrete Floor Coating Market by Resin Type
9.2.5.3.2 Italy Concrete Floor Coating Market by End-Use
9.2.5.4 United Kingdom Concrete Floor Coating Market
9.2.5.4.1 United Kingdom Concrete Floor Coating Market by Resin Type
9.2.5.4.2 United Kingdom Concrete Floor Coating Market by End-Use
9.2.5.5 Russia Concrete Floor Coating Market
9.2.5.5.1 Russia Concrete Floor Coating Market by Resin Type
9.2.5.5.2 Russia Concrete Floor Coating Market by End-Use
9.2.5.6 Rest of Europe Concrete Floor Coating Market
9.2.5.6.1 Rest of Europe Concrete Floor Coating Market by Resin Type
9.2.5.6.2 Rest of Europe Concrete Floor Coating Market by End-Use
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Concrete Floor Coating Market Overview
9.3.2 Asia-Pacific Concrete Floor Coating Market Forecasts and Analysis
9.3.3 Asia-Pacific Concrete Floor Coating Market Forecasts and Analysis - By Resin Type
9.3.4 Asia-Pacific Concrete Floor Coating Market Forecasts and Analysis - By End-Use
9.3.5 Asia-Pacific Concrete Floor Coating Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Concrete Floor Coating Market
9.3.5.1.1 Australia Concrete Floor Coating Market by Resin Type
9.3.5.1.2 Australia Concrete Floor Coating Market by End-Use
9.3.5.2 China Concrete Floor Coating Market
9.3.5.2.1 China Concrete Floor Coating Market by Resin Type
9.3.5.2.2 China Concrete Floor Coating Market by End-Use
9.3.5.3 India Concrete Floor Coating Market
9.3.5.3.1 India Concrete Floor Coating Market by Resin Type
9.3.5.3.2 India Concrete Floor Coating Market by End-Use
9.3.5.4 Japan Concrete Floor Coating Market
9.3.5.4.1 Japan Concrete Floor Coating Market by Resin Type
9.3.5.4.2 Japan Concrete Floor Coating Market by End-Use
9.3.5.5 South Korea Concrete Floor Coating Market
9.3.5.5.1 South Korea Concrete Floor Coating Market by Resin Type
9.3.5.5.2 South Korea Concrete Floor Coating Market by End-Use
9.3.5.6 Rest of Asia-Pacific Concrete Floor Coating Market
9.3.5.6.1 Rest of Asia-Pacific Concrete Floor Coating Market by Resin Type
9.3.5.6.2 Rest of Asia-Pacific Concrete Floor Coating Market by End-Use
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Concrete Floor Coating Market Overview
9.4.2 Middle East and Africa Concrete Floor Coating Market Forecasts and Analysis
9.4.3 Middle East and Africa Concrete Floor Coating Market Forecasts and Analysis - By Resin Type
9.4.4 Middle East and Africa Concrete Floor Coating Market Forecasts and Analysis - By End-Use
9.4.5 Middle East and Africa Concrete Floor Coating Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Concrete Floor Coating Market
9.4.5.1.1 South Africa Concrete Floor Coating Market by Resin Type
9.4.5.1.2 South Africa Concrete Floor Coating Market by End-Use
9.4.5.2 Saudi Arabia Concrete Floor Coating Market
9.4.5.2.1 Saudi Arabia Concrete Floor Coating Market by Resin Type
9.4.5.2.2 Saudi Arabia Concrete Floor Coating Market by End-Use
9.4.5.3 U.A.E Concrete Floor Coating Market
9.4.5.3.1 U.A.E Concrete Floor Coating Market by Resin Type
9.4.5.3.2 U.A.E Concrete Floor Coating Market by End-Use
9.4.5.4 Rest of Middle East and Africa Concrete Floor Coating Market
9.4.5.4.1 Rest of Middle East and Africa Concrete Floor Coating Market by Resin Type
9.4.5.4.2 Rest of Middle East and Africa Concrete Floor Coating Market by End-Use
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Concrete Floor Coating Market Overview
9.5.2 South and Central America Concrete Floor Coating Market Forecasts and Analysis
9.5.3 South and Central America Concrete Floor Coating Market Forecasts and Analysis - By Resin Type
9.5.4 South and Central America Concrete Floor Coating Market Forecasts and Analysis - By End-Use
9.5.5 South and Central America Concrete Floor Coating Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Concrete Floor Coating Market
9.5.5.1.1 Brazil Concrete Floor Coating Market by Resin Type
9.5.5.1.2 Brazil Concrete Floor Coating Market by End-Use
9.5.5.2 Argentina Concrete Floor Coating Market
9.5.5.2.1 Argentina Concrete Floor Coating Market by Resin Type
9.5.5.2.2 Argentina Concrete Floor Coating Market by End-Use
9.5.5.3 Rest of South and Central America Concrete Floor Coating Market
9.5.5.3.1 Rest of South and Central America Concrete Floor Coating Market by Resin Type
9.5.5.3.2 Rest of South and Central America Concrete Floor Coating Market by End-Use
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. CONCRETE FLOOR COATING MARKET, KEY COMPANY PROFILES
11.1. AANDI COATINGS
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ROYAL DSM N.V.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. NIPPON PAINT CO. LTD
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. THE LUBRIZOL CORPORATION
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. 3M COMPANY
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. AKZONOBEL N.V.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. BASF SE
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. DAW SE
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. AXALTA COATING SYSTEMS LTD
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ASIAN PAINTS PPG PVT. LTD.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. AandI Coatings
2. Royal DSM N.V.
3. Nippon Paint Co. Ltd
4. The Lubrizol Corporation
5. 3M Company
6. AkzoNobel N.V.
7. BASF SE
8. DAW SE
9. Axalta Coating Systems Ltd
10. Asian Paints PPG Pvt. Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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