Global Concrete Floor Coating Market Share Is Expected To Grow At A CAGR Of 5.5% By 2030

01-Mar-2023 | Facts and Factors

According to Facts and Factors, the global concrete floor coating market size was worth around USD 4.7 billion in 2022 and is predicted to grow to around USD 7.2 billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.5% between 2023 and 2030.

Concrete is a very adaptable building material that has a broad range of uses, including coating, texturing, and other processes. A versatile building and construction substance with strong structural qualities is concrete. Coatings for concrete floors are mostly used to raise their aesthetic worth. Despite being indestructible by nature, concrete requires protection to maintain its appearance and characteristics.

Browse the full “Concrete Floor Coating Market Size, Share, Growth Analysis Report By Product (Epoxy, Polyurethanes, Polyaspartic, and Others), By Application (Indoor and Outdoor), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2023 – 2030" report at https://www.fnfresearch.com/concrete-floor-coating-market

Concrete floor coatings market growth is primarily driven by rising urbanization, infrastructure development, or growth in building and construction activities, particularly in emerging countries. The rate of development of the concrete floor coatings market will be directly and favorably affected by rising industrialization as well as the growth and expansion of the manufacturing sector. The main manufacturers' increased emphasis on R&D capabilities for new product innovations combined with increased globalization will further fuel global concrete floor coating market value growth. Concrete's advantageous qualities are becoming more widely known, which is accelerating market development.

However, a significant obstacle to the market's expansion will be the decline of the building and construction sector brought on by the coronavirus outbreak. Government regulations that are too rigorous or stringent regarding safety and the use of concrete will also slow the market's development. The market growth rate will be further slowed down by fluctuations in raw material costs.

Segmental Analysis:

The global concrete floor coating industry is segmented based on product, application, and region.

Based on the product, the global market is bifurcated into epoxy, polyurethanes, polyaspartic, and others. Coronary arteries are expected to dominate the market during the forecast period. The polyurethanes segment is expected to hold a significant market share over the forecast period. Epoxy flooring can be substituted with polyurethane floors. When two components are mixed and allowed to heal, they can either be one-component (moisture curing) or two-component cures.

Moreover, Outdoor uses are also a good fit for polyurethane flooring. Aliphatic polyurethanes are UV-resistant whereas epoxy is not. The flexibility of aliphatic polyurethane floor coverings makes them the ideal choice when you want the coating to serve as a waterproofing surface in addition to providing basic concrete protection.

Based on the application, the concrete floor coating industry is bifurcated into indoor and outdoor. The indoor segment is expected to dominate the market during the forecast period. The product can be used indoors, including in basements, commercial building interiors, and residential building interiors. Over the coming years, the market demand for interior applications is anticipated to be driven by the increasing application breadth of floor coatings in areas, such as industrial applications, due to their capacity to provide heat and wear resistance.

Regional Overview:

Through 2030, the Asia Pacific region's expanding infrastructure is anticipated to create a lucrative environment for concrete floor coatings market development. Infrastructure demand has increased due to rapid urbanization and industrialization, and this pattern is anticipated to be a major growth factor for the concrete floor coatings market over the forecast period. India and China are anticipated to be the two developing nations with the highest level of demand for concrete floor coatings in the Asia-Pacific region. Residential buildings in this area will be fueled by the region's growing population, which will further support the market's growth trajectory over the forecast period for concrete floor coatings.

Report Scope

Competitive Analysis:

The global concrete floor coating market is dominated by players like BASF SE, Akzo Nobel N.V., The Sherwin-Williams Company, Sika AG, RPM International Inc., PPG Industries, Inc., DSM, DAW SE, BEHR Process Corporation, Valspar, Vanguard Concrete Coating, Nippon Paint Holdings Co., Ltd., Epmar Corporation, Henkel Adhesives Technologies India Private Limited, Rodda Paint Co., CPC Floor Coatings., Tennant Coatings., Citadel Contractors., Watco Industrial Flooring. and ARCAT, Inc. among others.

Recent Development:

• In May 2022, the merger of TSR Concrete Coatings with Ninja Coatings and PolyPro Concrete Coatings has been announced. TSR is a portfolio company of Bertram Capital and a supplier of residential concrete coating solutions ("PolyPro"). Bertram established ReVamp Companies ("ReVamp") concurrently with the closing of the Ninja and PolyPro transactions. ReVamp is a platform for the top home improvement companies in the country, specializing in residential concrete coatings and other services that improve the look and feel of consumers' homes.
• In January 2022, Mascoat Ltd. and Verdia, Inc., two industrial coating businesses, were acquired by Arsenal Capital Partners' Seal for Life Industries, a worldwide industrial coating platform. Arsenal's acquisition is intended to increase its operational and commercial capabilities in protective sealing and coating solutions for international infrastructure markets. Thermal insulation coatings are offered by Mascoat Ltd., a Texas-based company, and polyurethane concrete flooring systems are offered by Verdia, Inc., a Texas-based company that also provides epoxies, polyurethane, and polyaspartic formulations.

The global concrete floor coating market is segmented as follows:

By Product

• Epoxy
• Polyurethanes
• Polyaspartic
• Others

By Application

• Indoor
• Outdoor

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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