Concrete Floor Coatings Market | Strategic Assessment and Competitive Analysis

Q: Who are the key players in the market

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

Q: Which region is estimated to grow at the fastest pace in the market in the coming years

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

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Report Summary

Table of contents

Market Insights

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. The concrete floor coatings market witnessed a decline of 5% in 2020 amid the pandemic in the wake of supply chain disruption, shortage of raw materials, dearth of labor, and interrupted production schedules across industries. However, the long-term outlook still seems propitious with a rebound from 2021 onwards, driven by increasing construction activities, the growing significance of safety and environmental regulations, higher demand for concrete repair and maintenance of floor, and abrupt increase in raw material prices. Overall, the concrete floor coatings market is likely to rebound at a promising CAGR of 4.4%, in the long run, to reach US$ 5.1 billion in 2028.

Segments' Analysis

Segmentations	List of Sub-Segments	Dominant and Fastest-Growing Segments
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.
Application Type	Food & Beverage, Healthcare, Industrial Manufacturing, Automotive Manufacturing, and Others.	Industrial manufacturing is dominant, whereas food & beverage is gaining momentum.
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.
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. Industrial manufacturing 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.

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 to remain 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 majorly 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.

Key Players

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:

Sika AG
Covestro Group
The Sherwin-Williams Company
BASF SE
PPG Industries, Inc.
Jotun
RPM International Inc.
Ardex Group

Research Methodology

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.

Report Features

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. The following are the key features of the report:

Market structure: Overview, industry life cycle analysis, supply chain analysis.
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
Market trend and forecast analysis.
Market segment trend and forecast.
Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
Attractive market segments and associated growth opportunities.
Emerging trends.
Strategic growth opportunities for the existing and new players.
Key success factors.

The concrete floor coatings market is segmented into the following categories.

Concrete Floor Coatings Market, by Material Type

Epoxy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
PU Resin (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
MMA (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Concrete Floor Coatings Market, by Application Type

Food & Beverage (Regional Analysis: North America, Europe, Asia-Pacific, Rest of the World)
Healthcare (Regional Analysis: North America, Europe, Asia-Pacific, Rest of the World)
Industrial Manufacturing (Regional Analysis: North America, Europe, Asia-Pacific, Rest of the World)
Automotive Manufacturing (Regional Analysis: North America, Europe, Asia-Pacific, Rest of the World)
Others (Regional Analysis: North America, Europe, Asia-Pacific, Rest of the World)

Concrete Floor Coatings Market, by End-User Type

Industrial (Regional Analysis: North America, Europe, Asia-Pacific, Rest of the World)
Residential & Commercial (Regional Analysis: North America, Europe, Asia-Pacific, Rest of the World)

Concrete Floor Coatings Market, by Region

North America (Country Analysis: The USA, Canada, and Mexico)
Europe (Country Analysis: Germany, France, The UK, Austria, Italy, Spain, and Rest of Europe)
Asia-Pacific (Country Analysis: China, India, Japan, and Rest of Asia-Pacific)
Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

Detailed profiling of additional market players (up to three players)
SWOT analysis of key players (up to three players)

Competitive Benchmarking

Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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

Frequently Asked Questions (FAQs)

What would be the growth of the market in the coming five years?

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.

Who are the key players in the market?

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.

Which region is estimated to be dominant in the market in the coming years?

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.

Which region is estimated to grow at the fastest pace in the market in the coming years?

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.

Which application is estimated to be dominant in the market in the coming years?

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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Concrete Floor Coatings Market Analysis & Forecast