Concrete Floor Coatings Market
Concrete Floor Coatings Market Analysis by Epoxy-based, Polyaspartic, and Others Products from 2023 to 2033
Analysis of Concrete Floor Coatings Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Concrete Floor Coatings Market Growth Outlook (2023 to 2033)
Based on the analysis by Fact.MR, the global concrete floor coatings market is valued to be US$ 1.4 billion in 2023 and it is estimated to grow at a CAGR of 6.2% to reach US$ 2.5 billion by the end of 2033.
With the growing construction sector, the demand for damage-resistant flooring solutions increased especially across industrial and commercial settings due to heavy footfall or machinery, which ultimately created high demand for concrete floor coatings.
| Report Attributes | Details |
|---|---|
| Concrete Floor Coatings Market Size (2022A) | US$ 1.3 Billion |
| Estimated Market Value (2023E) | US$ 1.4 Billion |
| Forecasted Market Value (2033F) | US$ 2.5 Billion |
| Global Market Growth Rate (2023 to 2033) | 6.2% CAGR |
| Key Companies Profiled | BASF SE; Behr Process Corporation; Nippon Paint Co., Ltd.; PPG Industries, Inc.; The Valspar Corporation |
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Historic and Future Pathway Analysis for the Concrete Floor Coatings Market
According to Fact.MR, historically, from 2018 to 2022, utilization of concrete floor coatings increased at around 2.9% CAGR, wherein, countries such as the United States, China, Japan, Germany, and the UK held a significant share in the global market.
- Short Term (2023 to 2026): The growing significance of flooring solutions is anticipated to drive the product demand in outdoor applications.
- Medium Term (2026 to 2029): Rise in disposable income and increase in urbanization across emerging countries such as India and China to drive the market.
- Long Term (2029 to 2033): Continuous growth in the construction industry and the use of the coating in commercial and residential areas will create a lucrative opportunity for the market to grow in the coming year.
According to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 6.2% CAGR between 2023 and 2033.
Market Dynamics Overview
“Increasing Uses of Concrete Floor Coating in the Construction Industry”
Construction and infrastructure development activities are increasing due to the growing population thus contributing to the growth of the concrete floor coatings market. Concrete floor coatings effectively withstand mechanical and chemical stresses. It gives a protective layer to the concrete floors and improves their service life.
The global market for concrete floor coatings is mainly driven by the increasing construction activities in various parts of the world, rapid urbanization in developing countries, and adoption of the concrete floor coatings in the construction of commercial and residential buildings.
Concrete floors are mainly used in commercial and residential buildings. Concrete floor coatings protect floors against thermal shocks and chemical effects which further impact the growth of the concrete floor coatings market. The widespread use of floor coatings on concrete surfaces has boosted the growth of the floor coatings market.
“Factors Hindering the Growth of the Market”
Preparing an existing floor for the installation of an epoxy coating or subfloor is very labor-intensive. For instance, oils, grease, or certain solvents must be removed from concrete floors to ensure the proper installation of epoxy coatings.
Wet epoxy has strong fumes. These fumes are poisonous and can cause side effects to anyone who is near them. Some of the more common signs and symptoms include inflammation of the nose and eyes, throat, and lung irritation. People suffering from Asthma may have difficulty in breathing.
One of the main disadvantages of this coating is that it is a temporary coating, although it is durable and resistant to chemicals, eventually it has to be replaced effecting mounting growth of the concrete floor coatings market.
The availability of substitutes such as tiles, carpets, and bamboo flooring is further effecting the growth of the concrete flooring coatings market.
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Country-wise Insights
Why Germany is an Epicenter for Concrete Floor Coating Manufacturers?
Germany is the center of the largest concrete floor market in the world and is expected to dominate during the forecast period.
A highly developed construction industry and an increase in the number of renovation construction projects are promoting the sale of concrete floor coatings in Germany.
According to the "European Construction Sector Observatory" report published by the European Commission (EC), Germany is the most important producer of the advanced construction industry in Europe. Such factors are likely to drive the German concrete floor coatings market during the forecast period.
Will the U.S. be a Lucrative Market for Concrete Floor Coatings?
The United States, the world's second-largest market for concrete floor coatings is in North America, it is the spotlight for suppliers and manufacturers operating in the market. Further, exponential growth in the construction industry and several government directives and initiatives related to this sector are expected to stimulate growth in the United States during the forecast period.
According to the US department of energy (DOE), the Building America Program has been a source of innovation in the US housing construction industry.
The US Environmental Protection Agency (EPA) recently launched the operations and maintenance (O & M) program to effectively monitor and ensure the construction and maintenance of various commercial, industrial, or other buildings. Such initiatives support the continuous growth of the construction industry, which in turn promotes the growth of concrete floor coatings.
Category-wise Insights
Why Epoxy-based Concrete Floor Coatings is Gaining Traction?
Epoxy-based concrete floor coatings currently dominate the market and are expected to continuously crown the market for years to come. This is due to its environmental friendliness, wide availability, and economy compared to other concrete floor coatings. Epoxy-based concrete floor coatings are an excellent choice because they blend hardeners with polymer resins to form a chemical bond with the concrete.
The advantages of epoxy-based coatings, make them very popular in the end-use industry, as they provide concrete floors with anti-slip properties, and durability, and are easy to maintain. In addition, it gives a unique and impressive finish as per the requirements.
Epoxy floor coatings not only enhance durability but also makes a surface that is more flexible than floor paint and can withstand heavy traffic. Further, it also makes a floor easy to clean, dirt-repellent, and adaptable enough for home and commercial applications.
Epoxy floor coatings also produce colorful and distinctive graphics that can be modified in a variety of ways with quick installation and minimal downtime. Thus, it is estimated that the epoxy floor coatings segment to potentially drive the market in the coming years.
Why Does Rise in Indoor Application Boost the Market Growth?
The indoor segment is expected to account for a major share of the global market during the forecast period, driven by increasing demand for residential infrastructure in proportion to population, which is boosting the need for new residential construction projects.
The increase in demand for indoor concrete floors in residential, commercial, and other construction sectors is serving as the prominent driving factor for the growth of the concrete floor coatings market during the forecast period.
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Eminent Players Key Stratagems
Prominent concrete floor coatings manufacturers are BASF SE, Behr Process Corporation, Nippon Paint Co., Ltd., PPG Industries, Inc., and The Valspar Corporation
The global concrete floor coatings market player adopting various groundbreaking strategies to expand its business level. Global market players focus on mergers and acquisitions, agreements, & contracts and introducing more effective concrete floor coatings products.
For instance :
- Ninja Coatings, TSR Concrete Coatings, and PolyPro Concrete Coatings in May 2022 merged together to create ReVamp, a platform for top home-improvement brands that specializes in residential concrete coatings and other services.
- In August 2022, ReVamp Companies ("ReVamp"), a portfolio company of Bertram Capital ("Bertram") acquired Apollo Concrete Coatings ("Apollo"). ReVamp is a platform for the Country's top home improvement brands.
Fact.MR has provided detailed information about the price points of key manufacturers of concrete floor coatings positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Concrete Floor Coatings Industry Research
-
By Product :
- Epoxy-based
- Polyaspartic
- Others
-
By Application :
- Indoor
- Outdoor
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Demand (Tons) Analysis and Forecast
- 5. Global Market - Pricing Analysis
- 6. Global Market Value (US$ million) Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Product
- 7.1. Epoxy-based
- 7.2. Polyaspartic
- 7.3. Others
- 8. Global Market Analysis and Forecast, By Application
- 8.1. Indoor
- 8.2. Outdoor
- 9. Global Market Analysis and Forecast, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. East Asia
- 9.5. South Asia & Oceania
- 9.6. Middle East & Africa
- 10. North America Market Analysis and Forecast
- 11. Latin America Market Analysis and Forecast
- 12. Europe Market Analysis and Forecast
- 13. East Asia Market Analysis and Forecast
- 14. South Asia & Oceania Market Analysis and Forecast
- 15. Middle East & Africa Market Analysis and Forecast
- 16. Country-level Market Analysis and Forecast
- 17. Market Structure Analysis
- 18. Competition Analysis
- 18.1. BASF SE
- 18.2. Behr Process Corporation
- 18.3. Daw SE
- 18.4. Nippon Paint Co., Ltd.
- 18.5. PPG Industries, Inc.
- 18.6. The Sherwin-Williams Company
- 18.7. The Valspar Corporation
- 18.8. Other Prominent Players
- 19. Assumptions & Acronyms Used
- 20. Research Methodology
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List Of Table
Table 01. Global Market Value (US$ million) By Region, 2018 to 2022
Table 02. Global Market Value (US$ million) and Forecast By Region, 2023 to 2033
Table 03. Global Market Volume (Tons) By Region, 2018 to 2022
Table 04. Global Market Volume (Tons) and Forecast By Region, 2023 to 2033
Table 05. Global Market Value (US$ million), By Application, 2018 to 2022
Table 06. Global Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 07. Global Market Volume (Tons), By Application, 2018 to 2022
Table 08. Global Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 09. Global Market Value (US$ million), By Product, 2018 to 2022
Table 10. Global Market Value (US$ million) and Forecast By Product, 2023 to 2033
Table 11. Global Market Volume (Tons), By Product, 2018 to 2022
Table 12. Global Market Volume (Tons) and Forecast By Product, 2023 to 2033
Table 13. North America Market Value (US$ million), By Country, 2018 to 2022
Table 14. North America Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 15. North America Market Volume (Tons), By Country, 2018 to 2022
Table 16. North America Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 17. North America Market Value (US$ million), By Application, 2018 to 2022
Table 18. North America Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 19. North America Market Volume (Tons), By Application, 2018 to 2022
Table 20. North America Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 21. North America Market Value (US$ million), By Product, 2018 to 2022
Table 22. North America Market Value (US$ million) and Forecast By Product, 2023 to 2033
Table 23. North America Market Volume (Tons), By Product, 2018 to 2022
Table 24. North America Market Volume (Tons) and Forecast By Product, 2023 to 2033
Table 25. Latin America Market Value (US$ million), By Country, 2018 to 2022
Table 26. Latin America Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 27. Latin America Market Volume (Tons), By Country, 2018 to 2022
Table 28. Latin America Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 29. Latin America Market Value (US$ million), By Application, 2018 to 2022
Table 30. Latin America Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 31. Latin America Market Volume (Tons), By Application, 2018 to 2022
Table 32. Latin America Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 33. Latin America Market Value (US$ million), By Product, 2018 to 2022
Table 34. Latin America Market Value (US$ million) and Forecast By Product, 2023 to 2033
Table 35. Latin America Market Volume (Tons), By Product, 2018 to 2022
Table 36. Latin America Market Volume (Tons) and Forecast By Product, 2023 to 2033
Table 37. Europe Market Value (US$ million), By Country, 2018 to 2022
Table 38. Europe Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 39. Europe Market Volume (Tons), By Country, 2018 to 2022
Table 40. Europe Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 41. Europe Market Value (US$ million), By Application, 2018 to 2022
Table 42. Europe Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 43. Europe Market Volume (Tons), By Application, 2018 to 2022
Table 44. Europe Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 45. Europe Market Value (US$ million), By Product, 2018 to 2022
Table 46. Europe Market Value (US$ million) and Forecast By Product, 2023 to 2033
Table 47. Europe Market Volume (Tons), By Product, 2018 to 2022
Table 48. Europe Market Volume (Tons) and Forecast By Product, 2023 to 2033
Table 49. East Asia Market Value (US$ million), By Country, 2018 to 2022
Table 50. East Asia Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 51. East Asia Market Volume (Tons), By Country, 2018 to 2022
Table 52. East Asia Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 53. East Asia Market Value (US$ million), By Application, 2018 to 2022
Table 54. East Asia Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 55. East Asia Market Volume (Tons), By Application, 2018 to 2022
Table 56. East Asia Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 57. East Asia Market Value (US$ million), By Product, 2018 to 2022
Table 58. East Asia Market Value (US$ million) and Forecast By Product, 2023 to 2033
Table 59. East Asia Market Volume (Tons), By Product, 2018 to 2022
Table 60. East Asia Market Volume (Tons) and Forecast By Product, 2023 to 2033
Table 61. South Asia & Oceania Market Value (US$ million), By Country, 2018 to 2022
Table 62. South Asia & Oceania Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 63. South Asia & Oceania Market Volume (Tons), By Country, 2018 to 2022
Table 64. South Asia & Oceania Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 65. South Asia & Oceania Market Value (US$ million), By Application, 2018 to 2022
Table 66. South Asia & Oceania Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 67. South Asia & Oceania Market Volume (Tons), By Application, 2018 to 2022
Table 68. South Asia & Oceania Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 69. South Asia & Oceania Market Value (US$ million), By Product, 2018 to 2022
Table 70. South Asia & Oceania Market Value (US$ million) and Forecast By Product, 2023 to 2033
Table 71. South Asia & Oceania Market Volume (Tons), By Product, 2018 to 2022
Table 72. South Asia & Oceania Market Volume (Tons) and Forecast By Product, 2023 to 2033
Table 73. MEA Market Value (US$ million), By Country, 2018 to 2022
Table 74. MEA Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 75. MEA Market Volume (Tons), By Country, 2018 to 2022
Table 76. MEA Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 77. MEA Market Value (US$ million), By Application, 2018 to 2022
Table 78. MEA Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 79. MEA Market Volume (Tons), By Application, 2018 to 2022
Table 80. MEA Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 81. MEA Market Value (US$ million), By Product, 2018 to 2022
Table 82. MEA Market Value (US$ million) and Forecast By Product, 2023 to 2033
Table 83. MEA Market Volume (Tons), By Product, 2018 to 2022
Table 84. MEA Market Volume (Tons) and Forecast By Product, 2023 to 2033
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List Of Figures
Figure 01. Global Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 02. Global Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 03. Global Market Value (US$ million) and Volume (Tons) By Region, 2023 & 2033
Figure 04. Global Market Y-o-Y Growth Rate By Region, 2023 to 2033
Figure 05. Global Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 06. Global Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 07. Global Market Value (US$ million) and Volume (Tons) By Product, 2023 & 2033
Figure 08. Global Market Y-o-Y Growth Rate By Product, 2023 to 2033
Figure 09. North America Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 10. North America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 11. North America Market Value (US$ million) and Volume (Tons), By Country, 2023 & 2033
Figure 12. North America Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 13. North America Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 14. North America Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 15. North America Market Value (US$ million) and Volume (Tons) By Product, 2023 & 2033
Figure 16. North America Market Y-o-Y Growth Rate By Product, 2023 to 2033
Figure 17. North America Market Attractiveness Analysis By Country, 2023 to 2033
Figure 18. North America Market Attractiveness Analysis By Application, 2023 to 2033
Figure 19. North America Market Attractiveness Analysis By Product, 2023 to 2033
Figure 20. Latin America Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 21. Latin America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 22. Latin America Market Value (US$ million) and Volume (Tons), By Country, 2023 & 2033
Figure 23. Latin America Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 24. Latin America Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 25. Latin America Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 26. Latin America Market Value (US$ million) and Volume (Tons) By Product, 2023 & 2033
Figure 27. Latin America Market Y-o-Y Growth Rate By Product, 2023 to 2033
Figure 28. Latin America Market Attractiveness Analysis By Country, 2023 to 2033
Figure 29. Latin America Market Attractiveness Analysis By Application, 2023 to 2033
Figure 30. Latin America Market Attractiveness Analysis By Product, 2023 to 2033
Figure 31. Europe Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 32. Europe Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 33. Europe Market Value (US$ million) and Volume (Tons), By Country, 2023 & 2033
Figure 34. Europe Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 35. Europe Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 36. Europe Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 37. Europe Market Value (US$ million) and Volume (Tons) By Product, 2023 & 2033
Figure 38. Europe Market Y-o-Y Growth Rate By Product, 2023 to 2033
Figure 39. Europe Market Attractiveness Analysis By Country, 2023 to 2033
Figure 40. Europe Market Attractiveness Analysis By Application, 2023 to 2033
Figure 41. Europe Market Attractiveness Analysis By Product, 2023 to 2033
Figure 42. East Asia Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 43. East Asia Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 44. East Asia Market Value (US$ million) and Volume (Tons), By Country, 2023 & 2033
Figure 45. East Asia Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 46. East Asia Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 47. East Asia Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 48. East Asia Market Value (US$ million) and Volume (Tons) By Product, 2023 & 2033
Figure 49. East Asia Market Y-o-Y Growth Rate By Product, 2023 to 2033
Figure 50. East Asia Market Attractiveness Analysis By Country, 2023 to 2033
Figure 51. East Asia Market Attractiveness Analysis By Application, 2023 to 2033
Figure 52. East Asia Market Attractiveness Analysis By Product, 2023 to 2033
Figure 53. South Asia & Oceania Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 54. South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 55. South Asia & Oceania Market Value (US$ million) and Volume (Tons), By Country, 2023 & 2033
Figure 56. South Asia & Oceania Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 57. South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 58. South Asia & Oceania Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 59. South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Product, 2023 & 2033
Figure 60. South Asia & Oceania Market Y-o-Y Growth Rate By Product, 2023 to 2033
Figure 61. South Asia & Oceania Market Attractiveness Analysis By Country, 2023 to 2033
Figure 62. South Asia & Oceania Market Attractiveness Analysis By Application, 2023 to 2033
Figure 63. South Asia & Oceania Market Attractiveness Analysis By Product, 2023 to 2033
Figure 64. MEA Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 65. MEA Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 66. MEA Market Value (US$ million) and Volume (Tons), By Country, 2023 & 2033
Figure 67. MEA Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 68. MEA Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 69. MEA Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 70. MEA Market Value (US$ million) and Volume (Tons) By Product, 2023 & 2033
Figure 71. MEA Market Y-o-Y Growth Rate By Product, 2023 to 2033
Figure 72. MEA Market Attractiveness Analysis By Country, 2023 to 2033
Figure 73. MEA Market Attractiveness Analysis By Application, 2023 to 2033
Figure 74. MEA Market Attractiveness Analysis By Product, 2023 to 2033
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Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What was the Global Concrete Floor Coatings Market Size Reported by Fact.MR for 2022?
The global concrete floor coatings market size reported by Fact.MR for 2022 was US$ 1.3 billion.
What is the Global Concrete Floor Coatings Market Estimated to Reach in 2033?
The concrete floor coatings market size is estimated to reach US$ 2.5 billion in 2033.
What is the Projected CAGR for the Global Concrete Floor Coatings Market from 2023 to 2033?
The projected CAGR for the global concrete floor coatings market from 2023 to 2033 will be 6.2%.
Who are the Major Players in the Concrete Floor Coatings Market?
Market players include BASF SE, Behr Process Corporation, and Nippon Paint Co., Ltd., Which are majorly operating and dominating in the market.
What are the Factors Driving the Concrete Floor Coatings Sales Growth During the Forecast Period?
Factors such as growing demand for concrete floor coatings from the expanding construction activities and the rise in commercial and residential buildings are anticipated to support the growth of the concrete floor coatings market.
Concrete Floor Coatings Market