Global Floor Coatings Market, By Binder Type (Epoxy, Thermoplastic, Thermoset, Acrylic, Polyaspartic, Polyurethane, Polymethyl Methacrylate, Others), Coating Component (One-component, Two-Component, Three-Component), Floor Structure (Wood, Terrazzo, Mortar, Others), Formulation (Solvent-based, Water-based, Others), End User (Residential, Commercial, Industrial), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa)Industry Trends and Forecast to 2028.
Floor coatings market is expected to register its growth at a rate of 6.33% for the forecast period of 2021 to 2028. Data Bridge Market Research report on floor coatings market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Floor coating have various desirable properties such as anti-static, waterproof, anti-vibration, and anti-skid. They help to protect the concrete surfaces onto which they are applied and are responsible for extending the life of the underlying concrete floors.
The long shelf life of the floor coatings along with providing decorative aspects is expected to augment market growth in the forecast period of 2021 to 2028. The rise in the construction industry and increasing use of coatings in commercial, industrial, and residential applications as well as the high investment in building and construction are also expected to be as the major factors leading to the growth of the floor coatings market. The major factor accountable for the growth of the market is the rise in construction activities.
In addition, the high demand for floor coating from food industry, rapid urbanization and industrialization along with the high product demand from residential, commercial and industrial sectors are projected to create lucrative opportunities in the above mentioned forecast period.
However, the volatile raw material prices and strict regulation associated with the VOCs released for floor coating are expected to act as major restraining factors towards the growth of the floor coatings market, whereas the limitation of the epoxy resin can challenge to the market growth over the forecast period.
This floor coatings market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on floor coatings market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Floor Coatings Market Scope and Market Size
Floor coatings market is segmented on the basis of binder type, coating component, floor structure, formulation and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of binder type, the floor coatings market is segmented into epoxy, thermoplastic, thermoset, acrylic, polyaspartic, polyurethane, polymethyl methacrylate and others.
- Based on coating component, the floor coatings market is segmented into one-component, two-component and three-component.
- Based on floor structure, the floor coatings market is segmented into wood, terrazzo, mortar, and others.
- On the basis of formulation, the floor coatings market is segmented into solvent-based, water-based and others.
- On the basis of end user, the floor coatings market is segmented into residential, commercial and industrial. Residential has further been segmented into indoor and outdoor. Commercial has further been segmented into garage, warehouses, retail, outlets and others. Industrial has further been segmented into chemical industry, food and beverage industry and other industries.
Floor Coatings Market Country Level Analysis
Floor coatings market is analyzed and market size, volume information is provided by country, binder type, coating component, floor structure, formulation and end user as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific leads the floor coatings market due to the high investment in building and construction along with rapid infrastructure development. China is major revenue generating country owing to rapid rise in the construction activities leading to decorative floor coating in various industries.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Floor Coatings Market Share Analysis
Floor coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to floor coatings market.
The major players covered in the floor coatings market report are Akzo Nobel N.V., ArmorPoxy, Asian Paints PPG Pvt. Ltd., Epoxy-Coat, Henkel AG & Co. KGaA, Jotun, Kansai Nerolac Paints Limited, LATICRETE International, Inc., MAPEI S.p.A., Maris Polymers, NIPSEA GROUP, PPG Industries, Inc., Sika AG, RPM International Inc., Axalta Coating System, StoCretec GmbH, Tambour, Teknos Group Oy, The Sherwin-Williams Company and Tikkurila among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Floor Coatings Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.