Concrete Floor Coating Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Analyst Perspective 

The global concrete floor coating market is estimated to register a CAGR of 6.3% from 2022 to 2031. Rapid urbanization in developing countries plays a significant role in impacting the growth of the concrete floor market. Shift towards environmentally friendly coatings, growing demand for the residential sector, and advancement of nanotechnology influence the positive growth of the concrete floor coating market. The market for concrete floor coating is anticipated to grow significantly during the forecast period.

Market Overview

The demand for concrete floor coating is increasing because it creates a desired ambiance and has vast choices, from transparent to colored ones. Epoxy and polyurethane used in concrete floor coating are durable, long-lasting, and suitable for various infrastructures. Floors coated with concrete floor coatings are easier to clean and can be customized to various degrees. The acrylic coating is cost-effective and provides decorative appeal to the flooring. Furthermore, there is an ongoing surge in the demand for concrete flooring due to the rise in the construction sector. Also, the growing awareness of the protective benefits of concrete floor coatings against thermal shocks and chemical attacks further boosts its demand in the global market. However, fluctuations in the price of raw materials may hamper the growth of the concrete floor market during the forecast period.

Market Drivers

• Development of the construction sector

The construction sector has seen rapid growth due to several factors, including infrastructure needs, population growth, urbanization, technological advancements, global connectivity, etc. The construction sector significantly contributes to any country's socio-economic development. The increasing demand in the construction sector is driving a corresponding rise in the need for flooring solutions, particularly leading to a high demand for concrete floor coating.

• Rise in demand for protective and decorative coating

High-quality concrete coating works well in protecting the surface from damage. Concrete coating gives protection against corrosion, wear and tear, and UV radiation. The increase in demand for aesthetically appealing flooring by residential and non-residential end-users has further influenced the growth of the concrete floor coating market.

Market Segmentation

The global concrete floor coating market is segmented based on material type, application, and end-use. On the basis of material type, the market is segmented into epoxy, polyaspartic, acrylic, polyurethane, and others. The concrete floor market is segmented based on application into Indoor and Outdoor. Based on end-use, the market is segmented into residential and non-residential.

Regional Analysis

The report provides a detailed industry overview, which includes qualitative and quantitative information. It also provides an overview and forecast of the global concrete floor coatings market based on several segments. It gives an overview of market size and forecast estimates from 2021 to 2031 concerning five major regions, i.e., North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA) and South & Central America. The concrete floor coatings market by region is also sub-segmented by respective countries and segments. The concrete floor coatings market report covers an analysis and forecast of eighteen countries globally and the prevailing trends and opportunities in the region.

The report analyses the demand and supply factors affecting the concrete floor coatings market. Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends. The report also provides an extensive Porter's Five Forces analysis highlighting factors affecting these regions' concrete floor coatings market.

Key Players

The reports cover vital organic and inorganic growth strategy developments in the concrete floor coating market. Various companies concentrate on organic growth strategies such as product launches, approvals, patents, and others. Inorganic growth strategies activities observed in the market were acquisitions, partnerships & collaborations. These activities have paved the way for the development of the business and customer base of market players. The market players in the concrete floor coatings market are anticipated to have lucrative growth opportunities with the increase in demand for sustainable coatings  in the global market.

The report includes key companies' profiles, SWOT analysis, and concrete floor coatings market strategies. The report also focuses on leading market players with information including company profiles, components, and services offered, financial information for the last three years, and critical development in the past five years.

Below is a list of companies engaged in the Concrete floor coatings market.

• BASF Se
• PPG Industries
• Trucrete Surfacing Systems
• The Sherwin-Williams Company
• RPM International
• Elite Crete Systems
• Stonhord
• Nippon Paints
• Vanguard Concrete Coating
• West Pacific Coatings

Concrete Floor Coating Report Scope