Industrial Floor Coating Market Report - Global Forecast till 2030

Industrial Floor Coating Market: Information by Binder (Epoxy, Polyaspartic, Polyurethane,  Acrylic, Methyl Methacrylate, and Others), by Flooring Material (Concrete, Mortar, and Terrazzo), by Application (Industrial, Commercial, and Residential), Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)—Forecast till 2030

ID: MRFR/CnM/1758-HCR | October 2022 | Region: Global | 135 Pages         

Industrial Floor Coating Market

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 forecast 2022-2030

Segmentation

By Binder Epoxy Polyaspartic Polyurethane Acrylic Methyl Methacrylate Others
By Flooring Material Concrete Mortar Terrazzo
By Application Industrial Commercial Residential

Key Players

  • 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)

Drivers

  • Rising per capita disposable income
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Industrial Floor Coating Market Overview


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.


Global Industrial Floor Coating Market Share, by Application, 2018 (%) industrial Floor   

Source: MRFR analysis Regional Analysis 



Key Players 

Some of the leading players in the global industrial floor coating market 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). Global players are expanding their production capacity to achieve competitive advantage. 

The global industrial floor coating market has been studied across five key regions, namely, Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa. North America industrial floor coating market is significantly growing owing to high US spending on construction & infrastructure. Revenue from the construction industry crossed USD 1 trillion in 2016–17 and is expected to reach USD 1.7 trillion by 2020. This market growth can be attributed to the increase in residential construction with the growing need for single-family dwellings coupled with the prevalence of low mortgages in the country. Such trends have significantly driven the regional industrial floor coating market during the forecast period. The Asia Pacific is the fastest growing market, an increase in the number of construction projects has positively influenced the paint & coatings industry, thus favoring industrial floor coating market growth. In addition, increasing government funding and investment in the pharmaceutical sector is supporting the market growth industrial floor coating solvents. Further, the rise in the application of industrial floor coating additive in adhesive and sealants for packaging is fueling market growth. Europe industrial floor coating market is projected to grow exponentially owing to an increase in the application of industrial floor coating commercial space such as manufacturing, food processing, parking plot, and office areas, among others The Middle East & Africa and Latin America region are likely to witness steady growth due to increasing investment in construction owing to growing tourism in the region. 


Market Segmentation

The global industrial floor coating market has been segmented based on binder, flooring material, application, and region. Based on binder, the global market has been divided into epoxy, polyaspartic, polyurethane, acrylic, methyl methacrylate, and others. Based on the flooring material, the global industrial floor coating market has been categorized as concrete, mortar, and terrazzo. The concrete segment is the fastest growing market, which is expected to grow at a significant rate. Application segment comprises of industrial, commercial, and residential. The residential segment held the largest market share of global industrial floor coating market. 

Recent Development



  • January 2022 – Milburn Flooring, Copiague, NY-based company, has announced the acquisition of Blendex Industrial Corp., adding up an epoxy group called Blendex by Milburn Flooring. Milburn Flooring has various warehouses expanding into Westchester County, they service the Hudson Valley, and Long Island has been influential in the flooring industry as commercial installers for over 60 years.

  • December 2021- a private equity firm specializing in investments in industrial growth companies, Arsenal Capital Partners, has announced Seal For Life Industries, its global industrial coatings platform, has acquired two privately owned specialty industrial coatings companies named Verdia, Inc., and Mascoat Ltd.

  • June 2021- Sherwin-Williams, an American Cleveland, Ohio–based company, has announced a newly organized product portfolio for High-Performance Flooring, including a new naming system and color palettes for its well-deemed family of resinous flooring products serving industrial and commercial markets.


Intended Audience

  • Industrial floor coating manufacturers

  • Traders and distributors of Industrial Floor Coating chemicals

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratories




Report Scope:

Report Attribute/Metric Details
  Market Size   USD 7.35 billion
  CAGR   6.30%
  Base Year   2021
  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

  • Increasing investment in construction
  • Increasing government funding and investment in the pharmaceutical
  • Application Area
  •   Key Market Drivers

  • Rising per capita disposable income
  • Improving living standards is another critical factor


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    Frequently Asked Questions (FAQ) :

    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 concrete segment has the upper hand in the industrial floor coating market.