Global Industrial Floor Coating market growth 2024, Forecast To 2033
2 Feb, 2024
The industrial floor coating market has witnessed strong growth, escalating from $5.53 billion in 2023 to $5.92 billion in 2024, with a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period is attributed to the rise in industrial expansion, an increase in safety and durability, heightened chemical resistance, the demand for easy maintenance, and compliance with regulations. The market is expected to experience substantial growth, reaching $7.63 billion in 2028, with a CAGR of 6.6%. Contributing factors include the growing emphasis on sustainability, an increasing demand for hygienic surfaces, expanding use in industrial applications, and a growing pharmaceutical and healthcare industry. Major trends in the forecast period encompass sustainable coating solutions, high-performance epoxy coatings, decorative floor coatings, and fast-curing technologies.
Global Industrial Floor Coating Market Key Driver
The industrial floor coating market is growing significantly with the industrialization of floor coatings globally. Asian countries' investment of $9 trillion in infrastructure development for industrialization and urbanization is a major contributor. The industrial floor coating market is thriving as industrialization drives the demand for high-standard chemical and corrosion-resistant coatings.
Get A Free Sample Of The Global Industrial Floor Coating Market ReportGlobal Industrial Floor Coating Market Segments
The global industrial floor coating market covered in this report is segmented –
1) By Resin Type: Epoxy, Polyurethane, Hybrid, Other Resin Types
2) By Flooring Material: Concrete, Mortar, Terrazzo, Other Flooring Material
3) By Technology: Water-Borne, Solvent-Borne
4) By Component: One-Component, Two-Component, Three-Component, Four-Component
5) By End-Use Sector: Manufacturing, Aviation & transportation, Food processing, Science & technology, Other End-User Sector
Major Industrial Floor Coating Industry Players
PPG Industries Inc., AkzoNobel N.V., The Sherwin-Williams Company, A&I Coatings, Dow Chemical Company, Asian Paints PPG Pvt Ltd., Nora Systems Inc., RPM International Inc., Daw SE Group, CPC Floor Coatings, Cipy Polyurethanes Pvt. Ltd., Apurva Private Limited, ArmorPoxy Inc., Axalta Coating Systems Ltd., Conren Ltd., Florock Polymer Flooring, Grand Polycoats, Michelman Inc., BASF SE, Cornerstone Flooring LLC, Don Construction Products Ltd., Fosroc Inc., North American Coating Laboratories, Henkel AG & Co. KGaA, Jotun A/S, The Tennant Company, Stonhard Inc., Behr Process Corporation, 3M Company, The Lubrizol Corporation, Royal DSM N.V., Nippon Paint Co. Ltd., Elite Crete Systems Inc., Dur-A-Flex Inc., Key Resin Company, Tnemec Company Inc.
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Industrial Floor Coating Market Overview
Floor coatings are tough, protective layers used in applications where heavy surface wear or corrosion is expected. Typical applications include chemical plants, warehouses, and manufacturing floors. Floor coatings are also used to brighten or define areas of facilities.
Industrial Floor Coating Global Market Report 2023 provides data on the global industrial floor coating market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The industrial floor coating market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.