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Floor Coatings Market 2019 by Size, Share, Trends, Statistics, Key Companies by Regions and Forecast Analysis till 2024

Floor Coatings

Floor Coatings market report provides a comprehensive analysis of Floor Coatings industry by types, applications, key players and regions. It shows Floor Coatings market 2019-2024 by production, consumption, supply, gross margin, the revenue of the industry. Additionally, Floor Coatings market report covers the details of market size, share, and growth rate of market with respect to regions.

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Competitor Analysis:

Floor Coatings market includes following leading manufacturers on the basis of sales, revenue, price and gross margin.

  • Akzo Nobel NV
  • ArmorPoxy
  • Asian Paints PPG Pvt Ltd
  • BASF SE
  • Epoxy
  • Coat
  • Henkel AG & Co. KGaA
  • Jotun
  • Kansai Nerolac Paints Limited
  • LATICRETE International Inc.
  • Mapei
  • Maris Polymers
  • NIPSEA Group (Nippon Paint)
  • PPG Industries Inc.
  • RPM International Inc. (Flocrete)
  • Sika AG
  • StoCretec GmbH
  • Tambour
  • Teknos Group
  • The Sherwin
  • Williams Company
  • Tikkurila Oyj

    Key Market Trends:

    Demand for Concrete Floor Coatings to Boost the Market

    Concrete has become one of the viable materials for flooring in modern houses. Presently, concrete flooring can be easily found in the polished, stained, or etched from, in houses.
    In houses, concrete flooring finds application almost everywhere, including in the kitchen, bathroom, basement, entry, foyer, mudroom, bathroom, garage, etc.
    Apart from residential applications, concrete is also widely used in commercial areas. For instance, in retail stores, offices, restaurants and bars, schools, churches, medical institutions, and industrial buildings.
    Concrete flooring has certain benefits, such as unlimited designs and patterns, extreme durability, very low maintenance demand, stain resistance, etc.
    Floor coatings serve as a sealer on the concrete. The application of coating helps avoid seepage, staining, and cracking of concrete.
    Additionally, it reduces allergens by avoiding the growth of microorganisms, which may develop on the floor due to seepage or spillage.

    Asia-Pacific to Dominate the Market

    Asia-Pacific dominated the market share in 2017. Increasing housing construction activities in the emerging economies of Asia-Pacific have also hugely contributed to the growth of the market studied. Despite volatile growth in the real estate sector, significant development of rail and road infrastructure by the Chinese government (in order to withstand demand from the growing industrial and service sectors) has resulted in the robust growth of the Chinese construction industry, in the recent years. As the construction industry is dominated by state-owned and private enterprises, increased government and private expenditure in this regard is pushing the industry toward primacy. In recent years, the entry of major construction players from the European Union, in China, has further boosted the growth of this industry. The construction sector in India has been growing rapidly, with increased investment by the government. The Indian government’s ‘Housing for All by 2022’ is also a major game changer for the industry. A cumulative total of USD 24.67 billion in foreign direct investment was made toward construction activities (including townships, built-up infrastructure, and construction-development projects) in the country, between April 2000 and December 2017. Such factors are, in turn, boosting the demand for floor coatings in the region.

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    Floor Coatings market report presents in-depth analysis regarding the development, current trends, industry policies and regulations implemented in each of the geographical region. It includes analysis of upstream raw materials, downstream demand, and current market dynamics. Furthermore, the Floor Coatings market report provides in-depth insight of Floor Coatings industry during 2019-2024.

    Market Overview:

  • The market for floor coatings is expected to grow at a CAGR of 6.15 % during the forecast period of 2019–2024. One of the major factors driving the market studied is the number of increasing housing construction activities in the emerging economies of Asia-Pacific. There are strict regulations on VOCs released for floor coatings.
  • The demand for floor coatings from industrial coatings dominated the market in 2017 and is expected to grow during the forecast period, owing to the increasing demand from the chemical industry.
  • The promising performance of polyaspartic coatings is likely to act as an opportunity in the future.
  • Asia-Pacific dominated the market across the globe, with the largest consumption from China and India.
  • Key Market Trends
  • Demand for Concrete Floor Coatings to Boost the Market
  • Concrete has become one of the viable materials for flooring in modern houses. Presently, concrete flooring can be easily found in the polished, stained, or etched from, in houses.
  • In houses, concrete flooring finds application almost everywhere, including in the kitchen, bathroom, basement, entry, foyer, mudroom, bathroom, garage, etc.
  • Apart from residential applications, concrete is also widely used in commercial areas. For instance, in retail stores, offices, restaurants and bars, schools, churches, medical institutions, and industrial buildings.
  • Concrete flooring has certain benefits, such as unlimited designs and patterns, extreme durability, very low maintenance demand, stain resistance, etc.
  • Floor coatings serve as a sealer on the concrete. The application of coating helps avoid seepage, staining, and cracking of concrete.
  • Additionally, it reduces allergens by avoiding the growth of microorganisms, which may develop on the floor due to seepage or spillage.
  • Asia-Pacific to Dominate the Market
  • Asia-Pacific dominated the market share in 2017. Increasing housing construction activities in the emerging economies of Asia-Pacific have also hugely contributed to the growth of the market studied. Despite volatile growth in the real estate sector, significant development of rail and road infrastructure by the Chinese government (in order to withstand demand from the growing industrial and service sectors) has resulted in the robust growth of the Chinese construction industry, in the recent years. As the construction industry is dominated by state-owned and private enterprises, increased government and private expenditure in this regard is pushing the industry toward primacy. In recent years, the entry of major construction players from the European Union, in China, has further boosted the growth of this industry. The construction sector in India has been growing rapidly, with increased investment by the government. The Indian government’s ‘Housing for All by 2022’ is also a major game changer for the industry. A cumulative total of USD 24.67 billion in foreign direct investment was made toward construction activities (including townships, built-up infrastructure, and construction-development projects) in the country, between April 2000 and December 2017. Such factors are, in turn, boosting the demand for floor coatings in the region.
  • Competitive Landscape
  • The floor coatings market is fragmented, with the top 10 players accounting for around one-third of the revenue share. The top companies in the market include Sika AG, The Sherwin-Williams Company, PPG Industries Inc., and AkzoNobel NV.
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    Reasons to Buy Floor Coatings Market Report:

    • Analysis of Floor Coatings market including revenues, future growth, market outlook
    • Historical data and forecast of Floor Coatings industry
    • Floor Coatings market report covers regional analysis including growth estimates
    • To analyze the end user markets including growth estimates
    • Profiles on laboratory balance including products, sales/revenues, and market position
    • Includes Floor Coatings market structure, market drivers, opportunities, and restraints.

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    Floor Coatings Market Report Covers the Following Questions:

    • What trends, challenges and barriers are influencing its growth?
    • What is the and regional outlook for Floor Coatings market?
    • Who are the key players, and what are their strategies?
    • What is the status of Floor Coatings status worldwide?
    • What are the Floor Coatings market challenges to market growth? 
    • What are the Floor Coatings market challenges to market growth? 
    • What are the types and applications of Floor Coatings?
    • What is the market share of each type and application? 

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