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%.
Base Year
Historical Year
Forecast Year
| 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% |
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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.
The floor coatings market can be broadly categorised based on:
Breakup by Binder Type
Breakup by Component Type
Breakup by Floor Structure
Breakup by End Use
Market Breakup by Region
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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.
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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% |
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:
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.
*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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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.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| 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:
|
| Breakup by Binder Type |
|
| Breakup by Component Type |
|
| Breakup by Floor Structure |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| 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. |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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