As per the research reports by MRFR, the industrial floor coatings market is estimated to acquire a size of over USD 7.35 billion at a CAGR of 6.30% during the forecasted era.
The industrial floor coating products improve the floor performance in commercial and industrial areas by enhancing the durability of concrete and other flooring materials. Its ability to protect concrete from stains, cracks, grease, and moisture and improve floor durability makes it an ideal application. The global market for industrial floor coatings has registered enormous growth in recent years. The market's growth is mainly attributed to the growing construction industry in emerging markets. Furthermore, the increase in residential and commercial construction is projected to boost the demand for these coatings over the coming years. Moreover, the factors such as rising per capita disposable income, improving living standards, public sector investment in commercial construction projects, and growing urbanization across several regions are also anticipated to catalyze the market's growth over the forecasted era.
|Market Size||USD 7.35 billion|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Binder, by Flooring Material, by Application, Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||BASF SE (Germany), PPG Industries Inc (US), Sika AG (Switzerland), 3M (US), A&I Coatings (Australia), CPC Floor Coatings (US), Watco Group (Singapore), Asian Paints PPG Pvt Ltd. (India), Henkel AG & Co. KGaA (Germany) and MAPEI (Italy)|
|Key Market Opportunities||
|Key Market Drivers||
The industrial floor coating market would surpass a valuation worth USD 7.35 billion by 2030.
The industrial floor coating market would record 6.30% CAGR during the forecast period covering 2022-2030.
The Asia Pacific market would the fastest industrial floor coating market.
The residential segment has the maximum market share.
The concrete segment has the upper hand in the industrial floor coating market.