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Concrete Floor Coatings Market Growth Analysis | 2023-2028
Concrete Floor Coatings Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2023-2028.
The concrete floor coatings market was valued at US$ 3.9 billion in 2022 and is likely to grow at a CAGR of 4.4% during 2023-2028 to reach US$ 5.1 billion in 2028.
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What are concrete floor coatings?
Concrete floor coatings are tough protective layers used to protect concrete floors from wear and tear, corrosion, and harsh chemicals. They are also used to decorate floors by brightening or defining certain areas and covering stained concrete.
These coatings protect the underlying concrete surface from abrasion, chemical spills, and foot traffic. These coatings, which are available in materials such as epoxy, polyurethane, acrylic, and polyaspartic, provide advantages such as increased durability, chemical resistance, and aesthetics. They are used in a number of situations, like industrial, commercial, domestic, etc.
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Concrete Floor Coatings Market Highlights |
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Market Size in 2022 |
USD 3.9 billion |
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Market Size in 2028 |
USD 5.1 billion |
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Market Growth (2023-2028) |
4.4% CAGR |
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Base Year of Study |
2022 |
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Trend Period |
2017-2021 |
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Forecast Period |
2023-2028 |
The global market for concrete floor coatings witnessed a decline of 5% in 2020 amid the pandemic in the wake of supply chain disruption, shortage of raw materials, and interrupted production schedules across industries. However, the market for concrete floor coatings grew significantly after 2021, owing to the increase in construction activities, the growing significance of safety and environmental regulations, higher demand for concrete repair and maintenance of floors, etc.
The concrete floor coating market is driven by several reasons. A few are mentioned below –
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The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc. The following are the key players in the concrete floor coatings market:
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Segmentations |
List of Sub-Segments |
Dominant and Fastest-Growing Segments |
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Material Type |
Epoxy, PU, MMA, and Others. |
Epoxy is likely to remain the most dominant material type. MMA, in the long run, is likely to exhibit the highest growth. |
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Application Type |
Food & Beverage, Healthcare, Industrial Manufacturing, Automotive Manufacturing, and Others. |
Industrial manufacturing is dominant, whereas food & beverage is gaining momentum. |
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End-User Type |
Industrial and Residential & Commercial |
Industrial is estimated to remain the dominant as well as the fastest-growing segment during the forecast period. |
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Region |
North America, Europe, Asia Pacific, Rest of the world. |
Europe remains the dominant region during the forecast period. Asia-Pacific, particularly in China and India, is gaining more traction. |
Based on the material type, the concrete floor coatings market is segmented into epoxy, PU resin, MMA, and others. Epoxy is expected to remain the dominant material type in the foreseen future. Epoxy coatings are preferred for all major applications because of their durability, ease of maintenance, chemical and impact resistance, and ability to prevent wear and tear. Polyurethane remains the second dominant material type during the same period due to its flexibility, shorter curing time than epoxy, abrasion resistance, resistance to solvents and alkalis, resistance to temperature extremes, and scratching chemical and heat resistance; making it ideal for bio-medical, food processing, freezing chambers, malls, airports, and hospitals.
Based on the end-user type, the market is segmented into industrial and residential & commercial. The industrial segment is expected to remain the dominant end-user type in the market during the forecast period. Epoxy and polyurethane coating systems are predominantly used for industrial applications.
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Based on the application type, the market is segmented into food & beverage, healthcare, industrial manufacturing, automotive manufacturing, and others. Industrial manufacturing is expected to remain the dominant application type during the forecast period, whereas food & beverage is the fastest-growing application type during the same period. Food & beverage includes wine industries, meat, cheese, and dairy processing, and other food-processing areas. PU resin is used in the food & beverage and healthcare industries as it exhibits high chemical resistance to corrosive substances, solvents, acids, hot oils, and sugar.
In terms of regions, Europe is estimated to be dominant in the near future. Countries, such as the UK, Germany, and France, are the main growth engines of the regional market because they are home to important companies, distributors, and contractors. There are several flooring material suppliers in the area to meet the rapidly shifting market demands. North America and Asia-Pacific are also likely to create sizeable opportunities in the coming five years, driven by an increase in construction activities.
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This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The concrete floor coatings market is segmented into the following categories.
By Material Type
By Application Type
By End-User Type
By Region
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This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s concrete floor coatings market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
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Key questions this report answers |
Relevant contents in the report |
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How big is the sales opportunity? |
In-depth Analysis of the Concrete Floor Coatings Market |
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How lucrative is the future? |
Market forecast and trend data and emerging trends |
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Which regions offer the best sales opportunities? |
Global, regional, and country-level historical data and forecasts |
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Which are the most attractive market segments? |
Market segment analysis and Forecast |
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Which are the top players and their market positioning? |
Competitive landscape analysis, Market share analysis |
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How complex is the business environment? |
Porter’s five forces analysis, PEST analysis, Life cycle analysis |
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What are the factors affecting the market? |
Drivers & challenges |
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Will I get the information on my specific requirement? |
10% free customization |
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Competitive Benchmarking
Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.
The concrete floor coatings market is estimated to grow at a CAGR of 4.4% by 2028. Increasing building construction activity, growing additional and alteration buildings and the benefits of concrete floor coatings are some of the market's major driving factors.
Sika AG, Covestro Group, The Sherwin-Williams Company, BASF SE, PPG Industries, Inc., Jotun, RPM International Inc., and Ardex Group are the leading players in the concrete floor coatings market.
Europe is estimated to remain dominant in the concrete floor coatings market in the foreseen future. There are several flooring coating material suppliers in the area to meet the rapidly shifting market demands.
Asia-Pacific is estimated to remain the fastest-growing market for concrete floor coatings in the foreseeable future. More than half of the market in the region is controlled by China alone, and it will keep expanding its market share both locally and globally.
Industrial manufacturing is estimated to be dominant in the market in the coming years. Both of the major materials: epoxy and polyurethane are majorly preferred for industrial applications.
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