Floor Coatings Market Growth, Outlook, Demand, Keyplayer Analysis and Opportunity 2022-2027

Author: Elena Anderson, Marketing Manager |

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Global Floor Coatings Market Research Report:

The latest report by IMARC, titled “ Floor Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2 027

” the global floor coatings market reached a value of US$ 2.47 Billion in 2021. Floor coatings are protective, tough layers that are used in various applications requiring corrosion resistance and protection against heavy surface wear. They are used for marking traffic aisles, covering stained concrete, brightening areas of facilities, and routing traffic. Floor coatings are also ideal for patching exposed surfaces and resurfacing purposes. These coatings can be set in different style formats, which include dual-component, single-component, and thermosetting. Floor coatings can be manufactured with varying appearances, overall project costs, installation time, and life expectancies. These variants are applied according to the abrasion, thermal shock, chemical exposure, and impact on the floor. Floor coatings are extensively used in chemical plants, retail stores, warehouses, and manufacturing floors.

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Global Floor Coatings Market Trends :

A significant rise in the product demand in the food and beverage (F&B), construction, and manufacturing industries is primarily driving the global floor coatings market growth. The widespread installation of high-quality floorings in production plants and research laboratories is also contributing to the market growth. Other than this, rapid economic growth, particularly in developing countries, is further fueling the inflating sales of floor coatings. Moreover, increasing environmental concerns and technological advancements have led market players to invest in the research and development (R&D) of improved and sustainable product portfolios, which is fueling the growth of the market. Furthermore, governments of various nations have been implementing stringent regulations to mandate the installation of environment-friendly coatings, which is creating a positive outlook for the market. Looking forward, the market value is projected to reach US$ 3.64 Billion by 2027, expanding at a CAGR of 6.5% during 2022-2027.

Looking forward, the market value is projected to reach a strong growth during the forecast period (2022-2027).

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Market Summary:

Breakup by Binder Type:

• Epoxy

• Thermoplastic

• Thermoset

• Acrylic

• Polyaspartics

• Polyurethane

• Polymethyl Methacrylate

• Others

Breakup by Coating Component:

• One-Component (1K)

• Two-Component (2K)

• Three-Component (3K)

Breakup by Floor Structure:

• Wood

• Terrazzo

• Mortar

• Concrete

• Others

Breakup by Formulation:

• Solvent-Based

• Water-Based

• Others

Breakup by End User:

• Residential

• Commercial

• Industrial

Breakup by Region:

• North America

• United States

• Canada

• Asia-Pacific

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• China

• Japan

• India

• South Korea

• Australia

• Indonesia

• Others

• Europe

• Germany

• France

• United Kingdom

• Italy

• Spain

• Russia

• Others

• Latin America

• Brazil

• Mexico

• Others

• Middle East and Africa

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Note: We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report.

Competitive Landscape with Key Players:

Akzo Nobel N.V.

Arkema S.A.

Asian Paints Ltd.

Axalta Coating Systems Ltd.

BASF SE

Henkel AG & Co. KGaA

Kansai Paint Co. Ltd.

Koninklijke DSM N.V.

PPG Industries Inc.

RPM International Inc.

Sika AG

The Dow Chemical Company

• The Sherwin-Williams Company View

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