Concrete Floor Coating Market Size, Share, Growth, Forecast 2030

Concrete Floor Coating Industry Prospective:

The global concrete floor coating market size was evaluated at $11.3 billion in 2022 and is slated to hit $13.3 billion by the end of 2030 with a CAGR of nearly 9.2% between 2023 and 2030.

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Concrete Floor Coating Market: Overview

Concrete floor coating is the protective layer that is applied to the floors. Moreover, it is available in various forms such as semi-liquid & liquid and demonstrates high grip with the concrete surface, thereby helping in retaining texture, appearance, and quality of flooring. Furthermore, it is available in various kinds such as acrylic, epoxy, polyurethane, and polyaspartics. In addition to this, these products offer beneficial features such as abrasive resistance, wear & tear resistance, and heat resistance.

Key Insights

• As per the analysis shared by our research analyst, the global concrete floor coating market is projected to expand annually at the annual growth rate of around 9.2% over the forecast timespan (2023-2030)
• In terms of revenue, the global concrete floor coating market size was evaluated at nearly $11.3 billion in 2022 and is expected to reach $13.3 billion by 2030.
• The global concrete floor coating market is anticipated to grow rapidly over the forecast timeline owing to escalating demand for products in residential and non-residential sectors.
• In terms of product, the epoxy segment is slated to register the highest CAGR over the analysis period.
• Based on application, the indoor segment is expected to dominate the segmental growth over the assessment timeline.
• Region-wise, the North American concrete floor coating industry is projected to register the fastest CAGR during the assessment timeline.

Concrete Floor Coating Market: Growth Factors

Humungous product penetration in residential & industrial sectors will steer the global market trends

Escalating demand for products in residential and non-residential sectors will steer the expansion of the concrete floor coating market across the globe. Thriving construction sector and massive demand for epoxy resins will fuel the expansion of the market across the globe. Furthermore, the need for improvised appearance, safety, and environment-friendly products will boost the global market elevation. A prominent rise in the demand for the product in commercial and industrial sectors will embellish the growth of the market globally. Infrastructural growth and an increase in educational institutes across the globe will proliferate the size of the growth of the market across the globe. In addition to this, concrete floor coatings offer huge protection against chemicals and thermal shocks, thereby expanding the scope of growth of the global market.

Concrete Floor Coating Market: Restraints

Hazardous nature of the product can put brakes on the global industry expansion over the upcoming years

Epoxy-coatings used in concrete floor coatings are poisonous and can cause health hazards. This, in turn, can restrict the demand for concrete floor coatings. In addition to this, these coatings are temporary in nature and this can further diminish the global concrete floor coating industry demand.

Concrete Floor Coating Market: Opportunities

Escalating sale of eco-friendly products can open new growth opportunities for the global market by 2030

Production of green products for maintaining energy efficiency will open new growth avenues for the global concrete floor coating market in the upcoming years. Furthermore, mergers & acquisitions are likely to play a bigger role in the expansion of the global market. For instance, in the first half of 2021, Sherwin-Williams Company acquired the coating business of Tennant Company.

Concrete Floor Coating Market: Challenges

Stringent regulations pertaining to product application can pose a big challenge for the global industry over 2023-2030

Strict government laws related to the use of the product can put a big challenge for the global concrete floor coating industry.

Concrete Floor Coating Market: Segmentation

The global concrete floor coating market is sectored into product, application, and region.                

In type terms, the global concrete floor coating market is segregated into polyurethanes, epoxy, and polyaspartic segments. Furthermore, the epoxy segment, which amassed nearly half of the global market share in 2022, is set to record the fastest CAGR in the upcoming years. The expansion of the segment in the forecasting timeline can be due to its favorable features such as excellent adhesion, heat & chemical resistance, and excellent electric insulation.

Based on the application, the global concrete floor coating industry is sectored into indoor and outdoor segments. Moreover, the indoor segment, which gathered a key chunk of the global industry share in 2022, is predicted to lead the global industry over the analysis timeframe. The segmental expansion over the assessment timespan can be a result of the rise in the construction of sports stadiums in countries such as Canada and the U.S. owing to the surging popularity of sports activities such as rugby, tennis, and football in these countries.  

Concrete Floor Coating Market: Report Scope

Concrete Floor Coating Market: Regional Insights

Asia-Pacific is prognosis to maintain leadership position in the global concrete floor coating market in the forecasting timeframe

Asia-Pacific, which contributed 40% of the global concrete floor coating market share in 2022, will be a dominating region over the assessment timespan. Furthermore, the regional market growth can be due to the large-scale presence of key players in countries such as India, Indonesia, and China. Furthermore, rise in the construction activities due to the increase in the population in these countries will pave the way for humungous regional market growth in the upcoming years.   

North American concrete floor coating industry is set to register the fastest CAGR in the years ahead due to thriving residential and non-residential construction sectors in countries such as the U.S. and Canada. In addition to this, a rise in improving the aesthetic sense of the buildings will steer the regional industry trends.

Concrete Floor Coating Market: Competitive Space

The global concrete floor coating market profiles key players such:

• Jotun
• Trucrete Surfacing Systems
• Epmar Corp.
• North American Coating Solutions
• Stonhard
• BASF SE
• The Sherwin-Williams Company
• Tennant Coatings
• Pratt & Lambert
• Axalta Coating Systems
• Vanguard Concrete Coating
• Elite Crete Systems
• BEHR Process Corp.
• PPG Pittsburgh Paints

The global concrete floor coating market is segmented as follows:

By Product

• Polyurethanes
• Epoxy
• Polyaspartic

By Application

• Indoor
• Outdoor

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa