Concrete Floor Coatings Market is Forecasted to Reach US$ 5.1 Billion in 2028, Says Stratview Research

The global concrete floor coatings market is projected to witness a growth rate of 4.4% annually from 2023 to 2028, with an anticipated size of US$ 5.1 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global concrete floor coatings market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights

Segment Insights on the Concrete Floor Coatings Market:

The global concrete floor coatings market is segmented based on material type, end-user type, application type, and region.

Based on 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 end-user type – The market is segmented into industrial, 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.

Based on 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.

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Europe is estimated to be dominant in the near future. This growth outlook is majorly attributed to the following–

• 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.

Concrete Floor Coatings Market Drivers:

Some of the key drivers listed in the report are given below.

• Increasing demand for durable and aesthetic flooring solutions in residential, commercial, and industrial sectors.
• The growth of the construction industry and rising urbanization.
• Rising use of concrete floor coatings in the F&B industries due to its easy-to-clean flooring properties.
• Increasing focus on sustainable and eco-friendly building practices also pushes the demand for concrete floor coatings, as they are designed to be VOC-free and eco-friendly.

Top 8 Companies in the Concrete Floor Coatings Market:

Stratview Research has identified the following companies as the top market players (arranged alphabetically).

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

What Deliverables Will You Get in this Report?

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Related Reports:

• Industrial Floor Coating Market
• South African Concrete Floor Coatings Market

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