Market Overview:
The global floor coatings market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for floor coatings from industrial and residential applications. In terms of type, the polyester coatings segment is expected to lead the global floor coatings market during the forecast period, followed by polyurethane coatings and other types of floor coatings. In terms of application, industrial applications are expected to account for a major share of the global floor coatings market during the forecast period, followed by residential and other applications.
Product Definition:
A floor coating is a type of sealant or finish that is applied to a floor to protect it from wear and tear, as well as to enhance its appearance. Floor coatings are typically made from either acrylics or polyurethanes, and they can be applied in either a liquid or solid form. Floor coatings are important because they protect floors from damage while also making them look nicer.
Polyester Coatings:
Polyester coatings are widely used in floor coatings market owing to its properties such as excellent resistance to chemicals, abrasion and heat.
It has high tensile strength & durability along with low surface energy which makes it suitable for use in waterborne wood floor finishes.
Polyurethane Coatings:
Polyurethane coatings are widely used in floor coatings market owing to its properties such as excellent resistance to abrasion, impact and chemicals along with high durability. It is a thermoplastic elastomer that can be either thermoset or fully synthetic depending on the end-use application.
Application Insights:
The industrial application segment accounted for the largest share of over 60.0% in 2017 and is projected to witness significant growth over the forecast period. The rising demand for floor coatings from various industries including chemical, petrochemical, metal & mining, and cement is expected to drive the market growth during the forecast period.
Residential applications are estimated to expand at a CAGR of XX% from 2018 to 2030 owing to increasing construction activities in developing countries such as India and China on account of rapid urbanization along with rising disposable income among consumers there. In addition, favorable government policies promoting home ownership along with low interest rates have contributed towards increased penetration in residential applications across emerging economies such as Brazil and Mexico which is expected fuel industry expansion during the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Vietnam. Rapid industrialization coupled with increasing foreign investments in these countries has resulted in an increased demand for floor coatings from both domestic as well as international markets.
The growing construction industry due to rising population across Asia Pacific has led to a rise in residential buildings along with commercial buildings such as offices and factories. This trend is anticipated to drive product demand over the forecast period.
Europe accounted for a significant share of revenue on account of high adoption rate of advanced flooring solutions coupled with stringent regulatory scenario pertaining towards environment protection throughout Europe especially Germany, U.K.
Growth Factors:
- Increasing demand from the construction sector: The global floor coatings market is expected to grow at a CAGR of 5.5% during the forecast period, owing to the increasing demand from the construction sector. Floor coatings are used in various applications such as residential, commercial, and industrial buildings. They provide protection against wear and tear, moisture ingress, staining etc., which is driving their demand in the construction industry.
- Rising awareness about floor coatings: There has been a rise in awareness about floor coatings among consumers due to various marketing campaigns by manufacturers and distributors of these products. This is resulting in an increase in their adoption across different end-use industries such as automotive, furniture & furnishings, food & beverage etc., thereby propelling the growth of this market globally.
- Technological advancements: The development of new technologies for manufacturing advanced floor coatings is aiding the growth of this market globally. These technologies are helping manufacturers offer products that are more durable and resistant to wear & tear as well as other environmental factors such as heat and humidity levels etc., thus boosting their sales significantly worldwide .
Scope Of The Report
Report Attributes
Report Details
Report Title
Floor Coatings Market Research Report
By Type
Polyester Coatings, Polyurethane Coatings, Other
By Application
Industrial, Residential, Other
By Companies
Akzonobel, PPG Industrial Coatings, Sherwin-Williams, Dupont, BASF, RPM Inc, Diamond Paints, Valspar, Sacal, Nippon Paint, Michelman, Huarun (Valspar), Zhanchen Coating, Sankeshu, Carpoly Chemical, Maydos, Pre-Tex, Northwest Yongxinpaint&Coatings, Sanxia Painting, Super Quality Chemical, Bunyn Panit, Yip's Chemical, Taiho Chemical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Floor Coatings Market Report Segments:
The global Floor Coatings market is segmented on the basis of:
Types
Polyester Coatings, Polyurethane Coatings, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Residential, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Akzonobel
- PPG Industrial Coatings
- Sherwin-Williams
- Dupont
- BASF
- RPM Inc
- Diamond Paints
- Valspar
- Sacal
- Nippon Paint
- Michelman
- Huarun (Valspar)
- Zhanchen Coating
- Sankeshu
- Carpoly Chemical
- Maydos
- Pre-Tex
- Northwest Yongxinpaint&Coatings
- Sanxia Painting
- Super Quality Chemical
- Bunyn Panit
- Yip's Chemical
- Taiho Chemical
Highlights of The Floor Coatings Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Polyester Coatings
- Polyurethane Coatings
- Other
- By Application:
- Industrial
- Residential
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Floor Coatings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Floor coatings are a type of coating that is applied to the floor of a building. They are used to protect the floor from moisture, dust, and other debris.
Some of the major players in the floor coatings market are Akzonobel, PPG Industrial Coatings, Sherwin-Williams, Dupont, BASF, RPM Inc, Diamond Paints, Valspar, Sacal, Nippon Paint, Michelman, Huarun (Valspar), Zhanchen Coating, Sankeshu, Carpoly Chemical, Maydos, Pre-Tex, Northwest Yongxinpaint&Coatings, Sanxia Painting, Super Quality Chemical, Bunyn Panit, Yip's Chemical, Taiho Chemical.
The floor coatings market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Floor Coatings Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Floor Coatings Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Floor Coatings Market - Supply Chain
4.5. Global Floor Coatings Market Forecast
4.5.1. Floor Coatings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Floor Coatings Market Size (000 Units) and Y-o-Y Growth
4.5.3. Floor Coatings Market Absolute $ Opportunity
5. Global Floor Coatings Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Floor Coatings Market Size and Volume Forecast by Type
5.3.1. Polyester Coatings
5.3.2. Polyurethane Coatings
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Floor Coatings Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Floor Coatings Market Size and Volume Forecast by Application
6.3.1. Industrial
6.3.2. Residential
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Floor Coatings Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Floor Coatings Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Floor Coatings Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Floor Coatings Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Floor Coatings Demand Share Forecast, 2019-2026
9. North America Floor Coatings Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Floor Coatings Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Floor Coatings Market Size and Volume Forecast by Application
9.4.1. Industrial
9.4.2. Residential
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Floor Coatings Market Size and Volume Forecast by Type
9.7.1. Polyester Coatings
9.7.2. Polyurethane Coatings
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Floor Coatings Demand Share Forecast, 2019-2026
10. Latin America Floor Coatings Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Floor Coatings Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Floor Coatings Market Size and Volume Forecast by Application
10.4.1. Industrial
10.4.2. Residential
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Floor Coatings Market Size and Volume Forecast by Type
10.7.1. Polyester Coatings
10.7.2. Polyurethane Coatings
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Floor Coatings Demand Share Forecast, 2019-2026
11. Europe Floor Coatings Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Floor Coatings Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Floor Coatings Market Size and Volume Forecast by Application
11.4.1. Industrial
11.4.2. Residential
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Floor Coatings Market Size and Volume Forecast by Type
11.7.1. Polyester Coatings
11.7.2. Polyurethane Coatings
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Anaysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Floor Coatings Demand Share, 2019-2026
12. Asia Pacific Floor Coatings Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Floor Coatings Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Floor Coatings Market Size and Volume Forecast by Application
12.4.1. Industrial
12.4.2. Residential
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Floor Coatings Market Size and Volume Forecast by Type
12.7.1. Polyester Coatings
12.7.2. Polyurethane Coatings
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Floor Coatings Demand Share, 2019-2026
13. Middle East & Africa Floor Coatings Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Floor Coatings Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Floor Coatings Market Size and Volume Forecast by Application
13.4.1. Industrial
13.4.2. Residential
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Floor Coatings Market Size and Volume Forecast by Type
13.7.1. Polyester Coatings
13.7.2. Polyurethane Coatings
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Floor Coatings Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Floor Coatings Market: Market Share Analysis
14.2. Floor Coatings Distributors and Customers
14.3. Floor Coatings Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Akzonobel
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. PPG Industrial Coatings
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sherwin-Williams
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Dupont
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. BASF
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. RPM Inc
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Diamond Paints
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Valspar
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sacal
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Nippon Paint
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Michelman
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Huarun (Valspar)
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Zhanchen Coating
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Sankeshu
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Carpoly Chemical
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Maydos
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Pre-Tex
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Northwest Yongxinpaint&Coatings
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Sanxia Painting
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Super Quality Chemical
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
