Report Description Report Description and Highlights

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).