What is Global Concrete Floor Coatings Market?
The Global Concrete Floor Coatings Market is a vast and dynamic sector that encompasses a wide range of products and applications. These coatings are specially designed to protect concrete floors from wear and tear, enhancing their durability and aesthetic appeal. The market is driven by the increasing demand for these coatings in various sectors such as residential, commercial, and industrial. In 2023, the market was valued at a whopping US$ 2495 million and is projected to reach US$ 3034.1 million by 2030, growing at a steady CAGR of 2.8%. This growth is primarily attributed to the rising construction activities worldwide and the growing awareness about the benefits of concrete floor coatings.
Epoxy-Based Concrete Floor, Polyaspartic Concrete Floor in the Global Concrete Floor Coatings Market:
The Global Concrete Floor Coatings Market is segmented into various types, including Epoxy-Based Concrete Floor and Polyaspartic Concrete Floor. Epoxy-Based Concrete Floor is the most popular type, accounting for nearly 65% of the global market. These coatings are known for their superior adhesion, durability, and resistance to chemicals, making them ideal for industrial and commercial applications. On the other hand, Polyaspartic Concrete Floor coatings are gaining popularity due to their quick curing time and UV resistance. These coatings are commonly used in areas that require fast turnaround times, such as commercial spaces and garages.
Residential, Non-Residential in the Global Concrete Floor Coatings Market:
The Global Concrete Floor Coatings Market finds extensive usage in both residential and non-residential sectors. In the residential sector, these coatings are used to enhance the durability and aesthetic appeal of concrete floors in homes, garages, and basements. They provide a protective layer that prevents damage from moisture, stains, and wear and tear. In the non-residential sector, concrete floor coatings are used in commercial and industrial buildings, warehouses, retail stores, and other public spaces. They not only protect the floors from heavy foot traffic and machinery but also contribute to the overall aesthetics of the space.
Global Concrete Floor Coatings Market Outlook:
In terms of market outlook, the Global Concrete Floor Coatings Market has shown promising growth in recent years. In 2023, the market was valued at US$ 2495 million and is expected to reach US$ 3034.1 million by 2030, growing at a CAGR of 2.8%. The largest production region for these coatings is Asia-Pacific, contributing to about 50% of the global production. The most widely used type of concrete floor coating is the Epoxy-Based Concrete Floor, which accounts for nearly 65% of the global market.
| Report Metric | Details |
| Report Name | Concrete Floor Coatings Market |
| Accounted market size in 2023 | US$ 2495 million |
| Forecasted market size in 2030 | US$ 3034.1 million |
| CAGR | 2.8% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | PPG Industries, DSM, RPM International, BASF, The Sherwin-Williams, Tennant, Nippon Paint, Ardex, United Gilsonite Laboratories (UGL), Elite Crete Systems, Behr Process |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
