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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Floor Coatings Market Outlook

The global floor coatings market attained a value of nearly USD 3299.70 million in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 7.1%.

Global Floor Coatings Market Report Summary Description Value
Base Year USD Million 2023
Historical Period USD Million 2018-2023
Forecast Period USD Million 2024-2032
Market Size 2023 USD Million 3,299.70
Market Size 2032 USD Million 6,117.58
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 7.1%
CAGR 2024-2032 - Market by Region Asia Pacific 8.2%
CAGR 2024-2032 - Market by Country India 9.4%
CAGR 2024-2032 - Market by Country China 7.8%
CAGR 2024-2032 - Market by Binder Type Epoxy 7.9%
CAGR 2024-2032 - Market by End Use Industrial 8.0%
Market Share by Country 2023 UK 3.5%

Global Floor Coatings Market

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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:

Global Floor Coatings Market

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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.

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.

Global Floor Coatings Market

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CAGR 2024-2032 - Market by Country
India 9.4%
China 7.8%
UK 6.5%
USA 6.3%
France 5.6%
Canada XX%
Germany XX%
Italy XX%
Japan 4.9%
Australia XX%
Saudi Arabia XX%
Brazil XX%
Mexico XX%

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.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • BASF SE
  • Akzo Nobel N.V.
  • Dow Chemical Company
  • Nora systems GmbH
  • Arkema Group
  • Maris Polymers S.M.S.A.
  • Others
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the global floor coatings market attained a value of nearly USD 3299.70 million.

The market is projected to grow at a CAGR of 7.1% between 2024 and 2032.

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.

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C130 Sector 2 Noida, Uttar Pradesh 201301

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40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

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6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124