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Global Floor Coatings Market: By Binder Type: Epoxy, Thermoplastic, Thermoset, Others; By Component Type: One-Component (1k), Two-Component (2k), Three-Component (3k); By Floor Structure; By End Use; Regional Analysis; Historical Market and Forecast (2017-2027); Competitive Landscape; Industry Events and Developments
Global Floor Coatings Market Outlook
The global floor coatings market attained a value of nearly USD 2686 million in 2020. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 7.1%.
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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.
Properties and Applications
The floor coatings market can be broadly categorised based on:
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- Binder Type
- Epoxy
- Thermoplastic
- Thermoset
- Others
- Coating Component
- One-Component (1k)
- Two-Component (2k)
- Three-Component (3k)
- Floor Structure
- Wood
- Terrazzo
- Mortar
- Others
- End Use
- Residential
- Commercial
- Industrial
The EMR report looks into the regional floor coatings markets like North America, the Middle East and Africa, Latin America, Europe, and the Asia Pacific.
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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 EMR 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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Binder Type, Component Type, Floor Structure, End Use, Region |
| 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 Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | BASF SE (ETR: BAS), Akzo Nobel N.V. (AMS: AKZA), Dow Chemical Company (NYSE: DD), Arkema Group, Maris Polymers, Nora Systems GmbH, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Floor Coatings Market Analysis
8.1 Key Industry Highlights
8.2 Global Floor Coatings Historical Market (2017-2021)
8.3 Global Floor Coatings Market Forecast (2022-2027)
8.4 Global Floor Coatings Market by Binder Type
8.4.1 Epoxy
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Thermoplastic
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Thermoset
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Others
8.5 Global Floor Coatings Market by Component Type
8.5.1 One-Component (1k)
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Two-Component (2k)
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Three-Component (3k)
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.6 Global Floor Coatings Market by Floor Structure
8.6.1 Wood
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Terrazzo
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Mortar
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
8.6.4 Others
8.7 Global Floor Coatings Market by End Use
8.7.1 Residential
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2017-2021)
8.7.1.3 Forecast Trend (2022-2027)
8.7.2 Commercial
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2017-2021)
8.7.2.3 Forecast Trend (2022-2027)
8.7.3 Industrial
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2017-2021)
8.7.3.3 Forecast Trend (2022-2027)
8.8 Global Floor Coatings Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 BASF SE
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Akzo Nobel N.V.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Dow Chemical Company
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Nora systems GmbH
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Arkema Group
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Maris Polymers S.M.S.A.
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Others
14 Industry Events and Developments
List of Key Figures and Tables
1. Global Floor Coatings Market: Key Industry Highlights, 2017 and 2027
2. Global Floor Coatings Historical Market: Breakup by Binder Type (USD Million), 2017-2021
3. Global Floor Coatings Market Forecast: Breakup by Binder Type (USD Million), 2022-2027
4. Global Floor Coatings Historical Market: Breakup by Component Type (USD Million), 2017-2021
5. Global Floor Coatings Market Forecast: Breakup by Component Type (USD Million), 2022-2027
6. Global Floor Coatings Historical Market: Breakup by Floor Structure (USD Million), 2017-2021
7. Global Floor Coatings Market Forecast: Breakup by Floor Structure (USD Million), 2022-2027
8. Global Floor Coatings Historical Market: Breakup by End Use (USD Million), 2017-2021
9. Global Floor Coatings Market Forecast: Breakup by End Use (USD Million), 2022-2027
10. Global Floor Coatings Historical Market: Breakup by Region (USD Million), 2017-2021
11. Global Floor Coatings Market Forecast: Breakup by Region (USD Million), 2022-2027
12. North America Floor Coatings Historical Market: Breakup by Country (USD Million), 2017-2021
13. North America Floor Coatings Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Europe Floor Coatings Historical Market: Breakup by Country (USD Million), 2017-2021
15. Europe Floor Coatings Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Asia Pacific Floor Coatings Historical Market: Breakup by Country (USD Million), 2017-2021
17. Asia Pacific Floor Coatings Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Latin America Floor Coatings Historical Market: Breakup by Country (USD Million), 2017-2021
19. Latin America Floor Coatings Market Forecast: Breakup by Country (USD Million), 2022-2027
20. Middle East and Africa Floor Coatings Historical Market: Breakup by Country (USD Million), 2017-2021
21. Middle East and Africa Floor Coatings Market Forecast: Breakup by Country (USD Million), 2022-2027
22. Global Floor Coatings Market Structure
Key Questions Answered in the Report
In 2020, the global floor coatings market attained a value of nearly USD 2686 million.
The market is projected to grow at a CAGR of 7.1% between 2022 and 2027.
The major drivers of the market include the rising expenditure on construction activities, increasing growth in the food industry and chemical processing, rapid industrialisation, rising manufacturing industries, and growing demand for green buildings.
Rising construction activities and increasing applications of coatings in the industrial, commercial, and residential sectors are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Epoxy, thermoplastic, and thermoset, among others are the binder types in the market.
Based on component type, the market is divided into one-component (1k), two-component (2k), and three-component (3k).
On the basis of floor structure, the market is divided into wood, terrazzo, and mortar, among others.
The end-use of the market includes residential, commercial, and industrial.
The major players in the industry are BASF SE, Akzo Nobel N.V., Dow Chemical Company, Arkema Group, Maris Polymers S.M.S.A., and Nora Systems GmbH, among others.
Analyst Review
The global floor coatings market attained a value of nearly USD 2686 million in 2020, driven by the increasing applications of coatings in the industrial, commercial, and residential sectors. Aided by rising expenditure on construction activities and rapid industrialisation, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 7.1%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Epoxy, thermoplastic, and thermoset, among others are the binder types in the market. Based on component type, the market is divided into one-component (1k), two-component (2k), and three-component (3k). On the basis of the floor structure, the market is divided into wood, terrazzo, and mortar, among others. The end-use of the market includes residential, commercial, and industrial. The major regional markets for floor coatings market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The major players in the industry are BASF SE, Akzo Nobel N.V., Dow Chemical Company, Arkema Group, Maris Polymers S.M.S.A., and Nora Systems GmbH, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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