The Global Floor Coatings Market size is expected to reach $5. billion by 2030, rising at a market growth of 5.9% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,086.32 kilo tonnes, experiencing a growth of 4.9% (2019-2022).
The seamless and high gloss finishes of epoxy coatings contribute to a professional and aesthetically pleasing appearance. Therefore, the Epoxy segment acquired 45.2% revenue share in 2022. The ability to customize epoxy coatings with different colors and patterns allows businesses to create a unique and branded environment. Epoxies are commonly used in residential applications, particularly for garage floors. The durability, stain resistance, and easy maintenance of epoxy coatings make them ideal for protecting garage surfaces from oil spills, chemicals, and abrasion.
The concurrent development of new residential, commercial, and industrial buildings generates a demand for it. Property developers and builders recognize the importance of providing durable and visually appealing flooring surfaces in newly constructed structures. Expanding industrial activities and constructing new manufacturing plants, warehouses, and logistics centers create a significant demand for industrial-grade products.
Additionally, Parking areas within automotive facilities, including manufacturing plants and showrooms, require it that protect against corrosion caused by vehicular traffic and exposure to the elements. Coatings with corrosion-resistant properties contribute to the longevity of parking area surfaces. Hence, rising adoption of the automotive sector has been a pivotal factor in driving the growth of the market.
However, the high initial costs associated with premium-quality can pose budgetary challenges for end-users, especially for small businesses, homeowners, or institutions with limited financial resources. Budget constraints may compromise the quality or scope of these projects. In residential applications, where cost considerations are significant, homeowners may hesitate to invest in high-cost floor coatings. Thus, high initial costs can slow down the growth of the market.
By End User Analysis
By end-user, the market is segmented into residential, industrial, and commercial. The residential segment recorded 33.3% revenue share in the market in 2022. Basements are commonly subject to moisture and humidity issues. Floor coatings, particularly those with moisture-resistant properties, protect against potential water damage.
By Application Analysis
On the basis of application, the market is divided into concrete, wood, terrazzo, and others. The wood segment garnered 25.9% revenue share in the market in 2022. Wood creates a resistant surface that repels liquids and stains. This is particularly important in areas prone to spills, such as kitchens and dining spaces.
By Product Analysis
By product, the market is categorized into epoxy, polyaspartic, polyurethane, acrylic, and methyl methacrylate. The polyaspartic segment procured 26.6% revenue share in the market in 2022. Polyaspartic coatings resist various chemicals, including oils, solvents, and cleaning agents. This chemical resistance makes them suitable for use in environments where exposure to various substances is common, such as manufacturing facilities and garages.
By Component Analysis
Based on component, the market is classified into single component, double component, triple component, and others. In 2022, the double component segment witnessed 65.3% revenue share in the market. Double components are versatile and can be applied to various substrates, including concrete, metal, and certain existing coatings.
By Regional Analysis
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region acquired 25.3% revenue share in the market. North America has been experiencing ongoing construction and infrastructure development, like residential, commercial, and industrial projects.
Recent Strategies Deployed in the Market
- 2024-Feb: BASF SE came into partnership with INEOS Automotive, a vehicle manufacturing company in England. Through this partnership, BASF SE would enhance provision of sustainable refinishing solutions, expert guidance, and state-of-the-art digital color-matching solutions and training.
- 2023-Dec: Arkema S.A. took over Arc Building Products, a wholesale building materials manufacturing company. Through this acquisition, Arkema S.A. would enhance its presence in Ireland's expanding construction adhesives market by offering a more extensive array of solutions and establishing a local manufacturing footprint.
- 2023-Oct: Arkema S.A. came into partnership with EOS, a personal care product company and Stratasys, an additive manufacturing company. Through this partnership, Arkema S.A. would develop the succeeding iteration of 3D printed materials and solutions.
- 2023-Aug: DuPont de Nemours, Inc. took over Spectrum Plastics Group Inc, medical equipment manufacturing company. Through this acquisition, DuPont de Nemours, Inc. would enhance its range of offerings for vital healthcare applications, driven by customer-centric innovation.
- 2022-Mar: BASF SE came into partnership with WorldSkills, an international charity that organizes world and national championships for vocational skills. Through this partnership, BASF SE would enhance the automotive refinishing industry and reinforce the company's backing for the upcoming WorldSkills Competition.
List of Key Companies Profiled
- Akzo Nobel N.V.
- Arkema S.A.
- DuPont de Nemours, Inc.
- 3M Company
- Tennant Company
- BASF SE
- PPG Industries, Inc.
- The Dow Chemical Company
- Koninklijke DSM N.V.
- RPM International, Inc.
Global Floor Coatings Market Report Segmentation
By End-User (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Industrial
- Residential
- Commercial
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Concrete
- Wood
- Terrazzo
- Others
By Product (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Epoxy
- Polyurethane
- Polyaspartic
- Acrylic
- Methyl Methacrylate
By Component (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Double Component
- Single Component
- Triple Component
- Others
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Global Floor Coatings Market, by End-User
- 1.4.2Global Floor Coatings Market, by Application
- 1.4.3Global Floor Coatings Market, by Product
- 1.4.4Global Floor Coatings Market, by Component
- 1.4.5Global Floor Coatings Market, by Geography
- 1.5Methodology for the research
Chapter 2.Market at a Glance
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
- 3.3Porter Five Forces Analysis
Chapter 4.Strategies Deployed in Floor Coatings Market.
Chapter 5.Global Floor Coatings Market by End-User
- 5.1Global Industrial Market by Region
- 5.2Global Residential Market by Region
- 5.3Global Commercial Market by Region
Chapter 6.Global Floor Coatings Market by Application
- 6.1Global Concrete Market by Region
- 6.2Global Wood Market by Region
- 6.3Global Terrazzo Market by Region
- 6.4Global Others Market by Region
Chapter 7.Global Floor Coatings Market by Product
- 7.1Global Epoxy Market by Region
- 7.2Global Polyurethane Market by Region
- 7.3Global Polyaspartic Market by Region
- 7.4Global Acrylic Market by Region
- 7.5Global Methyl Methacrylate Market by Region
Chapter 8.Global Floor Coatings Market by Component
- 8.1Global Double Component Market by Region
- 8.2Global Single Component Market by Region
- 8.3Global Triple Component Market by Region
- 8.4Global Others Market by Region
Chapter 9.Global Floor Coatings Market by Region
- 9.1North America Floor Coatings Market
- 9.1.1North America Floor Coatings Market by End-User
- 9.1.1.1North America Industrial Market by Country
- 9.1.1.2North America Residential Market by Country
- 9.1.1.3North America Commercial Market by Country
- 9.1.2North America Floor Coatings Market by Application
- 9.1.2.1North America Concrete Market by Country
- 9.1.2.2North America Wood Market by Country
- 9.1.2.3North America Terrazzo Market by Country
- 9.1.2.4North America Others Market by Country
- 9.1.3North America Floor Coatings Market by Product
- 9.1.3.1North America Epoxy Market by Country
- 9.1.3.2North America Polyurethane Market by Country
- 9.1.3.3North America Polyaspartic Market by Country
- 9.1.3.4North America Acrylic Market by Country
- 9.1.3.5North America Methyl Methacrylate Market by Country
- 9.1.4North America Floor Coatings Market by Component
- 9.1.4.1North America Double Component Market by Country
- 9.1.4.2North America Single Component Market by Country
- 9.1.4.3North America Triple Component Market by Country
- 9.1.4.4North America Others Market by Country
- 9.1.5North America Floor Coatings Market by Country
- 9.1.5.1US Floor Coatings Market
- 9.1.5.1.1US Floor Coatings Market by End-User
- 9.1.5.1.2US Floor Coatings Market by Application
- 9.1.5.1.3US Floor Coatings Market by Product
- 9.1.5.1.4US Floor Coatings Market by Component
- 9.1.5.2Canada Floor Coatings Market
- 9.1.5.2.1Canada Floor Coatings Market by End-User
- 9.1.5.2.2Canada Floor Coatings Market by Application
- 9.1.5.2.3Canada Floor Coatings Market by Product
- 9.1.5.2.4Canada Floor Coatings Market by Component
- 9.1.5.3Mexico Floor Coatings Market
- 9.1.5.3.1Mexico Floor Coatings Market by End-User
- 9.1.5.3.2Mexico Floor Coatings Market by Application
- 9.1.5.3.3Mexico Floor Coatings Market by Product
- 9.1.5.3.4Mexico Floor Coatings Market by Component
- 9.1.5.4Rest of North America Floor Coatings Market
- 9.1.5.4.1Rest of North America Floor Coatings Market by End-User
- 9.1.5.4.2Rest of North America Floor Coatings Market by Application
- 9.1.5.4.3Rest of North America Floor Coatings Market by Product
- 9.1.5.4.4Rest of North America Floor Coatings Market by Component
- 9.2Europe Floor Coatings Market
- 9.2.1Europe Floor Coatings Market by End-User
- 9.2.1.1Europe Industrial Market by Country
- 9.2.1.2Europe Residential Market by Country
- 9.2.1.3Europe Commercial Market by Country
- 9.2.2Europe Floor Coatings Market by Application
- 9.2.2.1Europe Concrete Market by Country
- 9.2.2.2Europe Wood Market by Country
- 9.2.2.3Europe Terrazzo Market by Country
- 9.2.2.4Europe Others Market by Country
- 9.2.3Europe Floor Coatings Market by Product
- 9.2.3.1Europe Epoxy Market by Country
- 9.2.3.2Europe Polyurethane Market by Country
- 9.2.3.3Europe Polyaspartic Market by Country
- 9.2.3.4Europe Acrylic Market by Country
- 9.2.3.5Europe Methyl Methacrylate Market by Country
- 9.2.4Europe Floor Coatings Market by Component
- 9.2.4.1Europe Double Component Market by Country
- 9.2.4.2Europe Single Component Market by Country
- 9.2.4.3Europe Triple Component Market by Country
- 9.2.4.4Europe Others Market by Country
- 9.2.5Europe Floor Coatings Market by Country
- 9.2.5.1Germany Floor Coatings Market
- 9.2.5.1.1Germany Floor Coatings Market by End-User
- 9.2.5.1.2Germany Floor Coatings Market by Application
- 9.2.5.1.3Germany Floor Coatings Market by Product
- 9.2.5.1.4Germany Floor Coatings Market by Component
- 9.2.5.2UK Floor Coatings Market
- 9.2.5.2.1UK Floor Coatings Market by End-User
- 9.2.5.2.2UK Floor Coatings Market by Application
- 9.2.5.2.3UK Floor Coatings Market by Product
- 9.2.5.2.4UK Floor Coatings Market by Component
- 9.2.5.3France Floor Coatings Market
- 9.2.5.3.1France Floor Coatings Market by End-User
- 9.2.5.3.2France Floor Coatings Market by Application
- 9.2.5.3.3France Floor Coatings Market by Product
- 9.2.5.3.4France Floor Coatings Market by Component
- 9.2.5.4Russia Floor Coatings Market
- 9.2.5.4.1Russia Floor Coatings Market by End-User
- 9.2.5.4.2Russia Floor Coatings Market by Application
- 9.2.5.4.3Russia Floor Coatings Market by Product
- 9.2.5.4.4Russia Floor Coatings Market by Component
- 9.2.5.5Spain Floor Coatings Market
- 9.2.5.5.1Spain Floor Coatings Market by End-User
- 9.2.5.5.2Spain Floor Coatings Market by Application
- 9.2.5.5.3Spain Floor Coatings Market by Product
- 9.2.5.5.4Spain Floor Coatings Market by Component
- 9.2.5.6Italy Floor Coatings Market
- 9.2.5.6.1Italy Floor Coatings Market by End-User
- 9.2.5.6.2Italy Floor Coatings Market by Application
- 9.2.5.6.3Italy Floor Coatings Market by Product
- 9.2.5.6.4Italy Floor Coatings Market by Component
- 9.2.5.7Rest of Europe Floor Coatings Market
- 9.2.5.7.1Rest of Europe Floor Coatings Market by End-User
- 9.2.5.7.2Rest of Europe Floor Coatings Market by Application
- 9.2.5.7.3Rest of Europe Floor Coatings Market by Product
- 9.2.5.7.4Rest of Europe Floor Coatings Market by Component
- 9.3Asia Pacific Floor Coatings Market
- 9.3.1Asia Pacific Floor Coatings Market by End-User
- 9.3.1.1Asia Pacific Industrial Market by Country
- 9.3.1.2Asia Pacific Residential Market by Country
- 9.3.1.3Asia Pacific Commercial Market by Country
- 9.3.2Asia Pacific Floor Coatings Market by Application
- 9.3.2.1Asia Pacific Concrete Market by Country
- 9.3.2.2Asia Pacific Wood Market by Country
- 9.3.2.3Asia Pacific Terrazzo Market by Country
- 9.3.2.4Asia Pacific Others Market by Country
- 9.3.3Asia Pacific Floor Coatings Market by Product
- 9.3.3.1Asia Pacific Epoxy Market by Country
- 9.3.3.2Asia Pacific Polyurethane Market by Country
- 9.3.3.3Asia Pacific Polyaspartic Market by Country
- 9.3.3.4Asia Pacific Acrylic Market by Country
- 9.3.3.5Asia Pacific Methyl Methacrylate Market by Country
- 9.3.4Asia Pacific Floor Coatings Market by Component
- 9.3.4.1Asia Pacific Double Component Market by Country
- 9.3.4.2Asia Pacific Single Component Market by Country
- 9.3.4.3Asia Pacific Triple Component Market by Country
- 9.3.4.4Asia Pacific Others Market by Country
- 9.3.5Asia Pacific Floor Coatings Market by Country
- 9.3.5.1China Floor Coatings Market
- 9.3.5.1.1China Floor Coatings Market by End-User
- 9.3.5.1.2China Floor Coatings Market by Application
- 9.3.5.1.3China Floor Coatings Market by Product
- 9.3.5.1.4China Floor Coatings Market by Component
- 9.3.5.2Japan Floor Coatings Market
- 9.3.5.2.1Japan Floor Coatings Market By End User
- 9.3.5.2.2Japan Floor Coatings Market by Application
- 9.3.5.2.3Japan Floor Coatings Market by Product
- 9.3.5.2.4Japan Floor Coatings Market by Component
- 9.3.5.3India Floor Coatings Market
- 9.3.5.3.1India Floor Coatings Market by End-User
- 9.3.5.3.2India Floor Coatings Market by Application
- 9.3.5.3.3India Floor Coatings Market by Product
- 9.3.5.3.4India Floor Coatings Market by Component
- 9.3.5.4South Korea Floor Coatings Market
- 9.3.5.4.1South Korea Floor Coatings Market by End-User
- 9.3.5.4.2South Korea Floor Coatings Market by Application
- 9.3.5.4.3South Korea Floor Coatings Market by Product
- 9.3.5.4.4South Korea Floor Coatings Market by Component
- 9.3.5.5Singapore Floor Coatings Market
- 9.3.5.5.1Singapore Floor Coatings Market by End-User
- 9.3.5.5.2Singapore Floor Coatings Market by Application
- 9.3.5.5.3Singapore Floor Coatings Market by Product
- 9.3.5.5.4Singapore Floor Coatings Market by Component
- 9.3.5.6Malaysia Floor Coatings Market
- 9.3.5.6.1Malaysia Floor Coatings Market by End-User
- 9.3.5.6.2Malaysia Floor Coatings Market by Application
- 9.3.5.6.3Malaysia Floor Coatings Market by Product
- 9.3.5.6.4Malaysia Floor Coatings Market by Component
- 9.3.5.7Rest of Asia Pacific Floor Coatings Market
- 9.3.5.7.1Rest of Asia Pacific Floor Coatings Market by End-User
- 9.3.5.7.2Rest of Asia Pacific Floor Coatings Market by Application
- 9.3.5.7.3Rest of Asia Pacific Floor Coatings Market by Product
- 9.3.5.7.4Rest of Asia Pacific Floor Coatings Market by Component
- 9.4LAMEA Floor Coatings Market
- 9.4.1LAMEA Floor Coatings Market by End-User
- 9.4.1.1LAMEA Industrial Market by Country
- 9.4.1.2LAMEA Residential Market by Country
- 9.4.1.3LAMEA Commercial Market by Country
- 9.4.2LAMEA Floor Coatings Market by Application
- 9.4.2.1LAMEA Concrete Market by Country
- 9.4.2.2LAMEA Wood Market by Country
- 9.4.2.3LAMEA Terrazzo Market by Country
- 9.4.2.4LAMEA Others Market by Country
- 9.4.3LAMEA Floor Coatings Market by Product
- 9.4.3.1LAMEA Epoxy Market by Country
- 9.4.3.2LAMEA Polyurethane Market by Country
- 9.4.3.3LAMEA Polyaspartic Market by Country
- 9.4.3.4LAMEA Acrylic Market by Country
- 9.4.3.5LAMEA Methyl Methacrylate Market by Country
- 9.4.4LAMEA Floor Coatings Market by Component
- 9.4.4.1LAMEA Double Component Market by Country
- 9.4.4.2LAMEA Single Component Market by Country
- 9.4.4.3LAMEA Triple Component Market by Country
- 9.4.4.4LAMEA Others Market by Country
- 9.4.5LAMEA Floor Coatings Market by Country
- 9.4.5.1Brazil Floor Coatings Market
- 9.4.5.1.1Brazil Floor Coatings Market by End-User
- 9.4.5.1.2Brazil Floor Coatings Market by Application
- 9.4.5.1.3Brazil Floor Coatings Market by Product
- 9.4.5.1.4Brazil Floor Coatings Market by Component
- 9.4.5.2Argentina Floor Coatings Market
- 9.4.5.2.1Argentina Floor Coatings Market by End-User
- 9.4.5.2.2Argentina Floor Coatings Market by Application
- 9.4.5.2.3Argentina Floor Coatings Market by Product
- 9.4.5.2.4Argentina Floor Coatings Market by Component
- 9.4.5.3UAE Floor Coatings Market
- 9.4.5.3.1UAE Floor Coatings Market by End-User
- 9.4.5.3.2UAE Floor Coatings Market by Application
- 9.4.5.3.3UAE Floor Coatings Market by Product
- 9.4.5.3.4UAE Floor Coatings Market by Component
- 9.4.5.4Saudi Arabia Floor Coatings Market
- 9.4.5.4.1Saudi Arabia Floor Coatings Market by End-User
- 9.4.5.4.2Saudi Arabia Floor Coatings Market by Application
- 9.4.5.4.3Saudi Arabia Floor Coatings Market by Product
- 9.4.5.4.4Saudi Arabia Floor Coatings Market by Component
- 9.4.5.5South Africa Floor Coatings Market
- 9.4.5.5.1South Africa Floor Coatings Market by End-User
- 9.4.5.5.2South Africa Floor Coatings Market by Application
- 9.4.5.5.3South Africa Floor Coatings Market by Product
- 9.4.5.5.4South Africa Floor Coatings Market by Component
- 9.4.5.6Nigeria Floor Coatings Market
- 9.4.5.6.1Nigeria Floor Coatings Market by End-User
- 9.4.5.6.2Nigeria Floor Coatings Market by Application
- 9.4.5.6.3Nigeria Floor Coatings Market by Product
- 9.4.5.6.4Nigeria Floor Coatings Market by Component
- 9.4.5.7Rest of LAMEA Floor Coatings Market
- 9.4.5.7.1Rest of LAMEA Floor Coatings Market by End-User
- 9.4.5.7.2Rest of LAMEA Floor Coatings Market by Application
- 9.4.5.7.3Rest of LAMEA Floor Coatings Market by Product
- 9.4.5.7.4Rest of LAMEA Floor Coatings Market by Component
Chapter 10.Company Profiles
- 10.1Akzo Nobel N.V.
- 10.1.1Company Overview
- 10.1.2Financial Analysis
- 10.1.3Segmental and Regional Analysis
- 10.1.4Recent strategies and developments:
- 10.1.4.1Partnerships, Collaborations, and Agreements:
- 10.1.5SWOT Analysis
- 10.2Arkema S.A.
- 10.2.1Company Overview
- 10.2.2Financial Analysis
- 10.2.3Segmental and Regional Analysis
- 10.2.4Recent strategies and developments:
- 10.2.4.1Product Launches and Product Expansions:
- 10.2.4.2Acquisition and Mergers:
- 10.2.5SWOT Analysis
- 10.3DuPont de Nemours, Inc.
- 10.3.1Company Overview
- 10.3.2Financial Analysis
- 10.3.3Segmental and Regional Analysis
- 10.3.4Research & Development Expense
- 10.3.5Recent strategies and developments:
- 10.3.5.1Acquisition and Mergers:
- 10.3.6SWOT Analysis
- 10.43M Company
- 10.4.1Company Overview
- 10.4.2Financial Analysis
- 10.4.3Segmental and Regional Analysis
- 10.4.4Research & Development Expense
- 10.4.5SWOT Analysis
- 10.5Tennant Company
- 10.5.1Company Overview
- 10.5.2Financial Analysis
- 10.5.3Regional Analysis
- 10.5.4Research & Development Expenses
- 10.5.5SWOT Analysis
- 10.6BASF SE
- 10.6.1Company Overview
- 10.6.2Financial Analysis
- 10.6.3Segmental and Regional Analysis
- 10.6.4Research & Development Expense
- 10.6.5Recent strategies and developments:
- 10.6.5.1Partnerships, Collaborations, and Agreements:
- 10.6.6SWOT Analysis
- 10.7PPG Industries, Inc.
- 10.7.1Company Overview
- 10.7.2Financial Analysis
- 10.7.3Segmental and Regional Analysis
- 10.7.4SWOT Analysis
- 10.8The Dow Chemical Company
- 10.8.1Company Overview
- 10.8.2Financial Analysis
- 10.8.3Segmental and Regional Analysis
- 10.8.4Research & Development Expenses
- 10.8.5SWOT Analysis
- 10.9Koninklijke DSM N.V.
- 10.9.1Company Overview
- 10.9.2Financial Analysis
- 10.9.3Segmental and Regional Analysis
- 10.9.4Research & Development Expense
- 10.9.5SWOT Analysis
- 10.10.RPM International, Inc.
- 10.10.1Company Overview
- 10.10.2Financial Analysis
- 10.10.3Segmental and Regional Analysis
- 10.10.4Research & Development Expenses
- 10.10.5SWOT Analysis
Chapter 11.Winning Imperatives for Floor Coatings Market