Global Concrete Floor Coatings (Epoxy, Polyaspartics, and Others) Market Size By Product (Epoxy, Polyaspartics), By Application (Outdoor, Indoor), By Geography Scope And Forecast

Concrete Floor Coatings (Epoxy, Polyaspartics, and Others) Market Size And Forecast

Concrete Floor Coatings (Epoxy, Polyaspartics, and Others) Market size was valued at USD 4.77 Billion in 2022 and is projected to reach USD 11.23 Billion by 2030, growing at a CAGR of 11.63% from 2023 to 2030.

The industry’s growth is mainly attributed to the increasing investments in green buildings across the U.S. Green buildings incorporate the use of eco-friendly and lightweight materials to maintain and improve the indoor air quality and efficiency of energy, water, and other resources. The concrete floor coatings are designed to be VOC-free and eco-friendly. This factor is expected to drive the market during the forecast period. The world is anticipated to witness inclined growth over the coming years. The growth is attributed to the rising infrastructure developments, business firms, and educational institutions majorly in the Asia Pacific region. The Global Concrete Floor Coatings (Epoxy, Polyaspartics, and Others) Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Concrete Floor Coatings (Epoxy, Polyaspartics, and Others) Market Definition

Concrete flooring coating is meant to provide a protective layer to the concrete floor. Concrete floor coating exhibits adhesion to the surface of the concrete floor thus, the coating provides efficient resistance to chemical and mechanical stresses. There are several types of concrete flooring coatings available in the market. Epoxy resin coating possesses excellent mechanical properties and heat resistance.

Global Concrete Floor Coatings (Epoxy, Polyaspartics, and Others) Market Overview

Increasing demand from emerging economies by the construction and building industry, and developing infrastructure is fueling the growth of concrete floor coatings. Moreover, a rise in government funding and investments in public infrastructure and growing consumer awareness towards flooring solutions and indoor, and outdoor applications such as walkways, garages, pathways, driveways, and residential, commercial, and office space construction is driving market growth of concrete floor coatings market. Moreover, powder coatings are gaining popularity since they have an advantage over other coatings, in terms of environmental regulations, given their solvent-free and VOC-free nature. This is likely to propel market growth over the coming years.

Epoxy, polyurethane, and polyaspartic are the majorly used products as concrete floor coatings across the globe. The industry is facing challenge of fluctuation in raw material prices. Also, major raw materials are derived from petrochemicals thus, crude oil prices are restricting the market growth as well as the prevalence of government regulations regarding safety in pharmaceutical and food industries are limiting the use of the concrete floor coating industry. Nevertheless, advancement and development in R&D contribute to bio-based concrete floor coatings which are expected to provide lucrative opportunities in the years to come.

Global Concrete Floor Coatings (Epoxy, Polyaspartics, and Others) Market Segmentation Analysis

The Global Concrete Floor Coatings (Epoxy, Polyaspartics, and Others) Market is Segmented on the basis of Product, Application, And Geography.

Concrete Floor Coatings (Epoxy, Polyaspartics, and Others) Market, By Product

• Epoxy
• Polyaspartics
• Acrylic
• Polyurethane

Based on Product, the market is bifurcated into Epoxy, Polyaspartics, Acrylic, and Polyurethane. Epoxy segment accounted for the largest market share in 2022. It is attributed to the product’s great heat and chemical resistance, good adhesion, and good electrical insulation. Furthermore, the cheap cost of epoxy concrete floor coatings in comparison to their counterparts is likely to benefit the segment growth. The polyaspartic segment is anticipated to expand at the fastest CAGR during the forecast period as these products can perform at a wide range of temperatures. Based on product, the industry has been further segmented into epoxy, polyurethane, acrylic, polyaspartic, and others.

Concrete Floor Coatings (Epoxy, Polyaspartics, and Others) Market, By Application

• Outdoor
• Indoor

Based on Application, the market is segmented into Outdoor and Indoor. Outdoor segment accounted for the largest market share in 2022. The increasing penetration of sports stadiums in the U.S. and Canada due to the popularity of sports like football, rugby, ice hockey, and tennis is expected to boost the role of flooring solutions. Based on application, the overall industry has been further bifurcated into indoor and outdoor applications.

Concrete Floor Coatings (Epoxy, Polyaspartics, and Others) Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

On the basis of Geography, the Global Concrete Floor Coatings (Epoxy, Polyaspartics, and Others) Market is classified into North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific dominated the Concrete Floor Coatings (Epoxy, Polyaspartics, and Others) market in terms of revenue share in 2022. Asia-Pacific region is projected to undergo substantial gains and dominate the concrete floor coatings market during the forecast period. This is because of the growth and expansion of buildings and construction activities, especially in the emerging economies such as India and China. Rising industrialization is another important market growth determinant for this region.

Key Players

The “Global Concrete Floor Coatings (Epoxy, Polyaspartics, and Others) Market” study report will provide valuable insight emphasizing the global market. The major players in the market are Akzo Nobel N.V., The Sherwin-Williams Company, RPM International Inc., Sika AG, PPG Industries, Inc., DSM, BASF SE, DAW SE, BEHR Process Corporation, Vanguard Concrete Coating, Valspar, Nippon Paint Holdings Co., Ltd., Epmar Corporation, Henkel Adhesives Technologies India Private Limited, Rodda Paint Co., CPC Floor Coatings., Tennant Coatings., Citadel Contractors., Watco Industrial Flooring. and ARCAT, Inc., among others.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.

Key Developments

• In 2022, Seal for Life Industries, a subsidiary of Arsenal Capital Partners, acquired Verdia, Inc. and Mascoat Ltd. for an undisclosed amount. This move is expected to enhance Arsenal’s operational capabilities in the global infrastructure sector through increased offerings in sealing solutions and protective coatings. Mascoat Ltd. specializes in thermal insulation coatings, while Verdia, Inc. offers polyurethane concrete flooring systems, as well as formulations for polyaspartics, epoxies, and polyurethane.
• In August 2022, Japan housing starts increased by more than 4.5% with respect to July 2022. After witnessing a decrease in new dwelling construction (815.3 thousand) in the year 2020, the sector bounced back registering approximately 855.5 thousand new dwelling construction in the year 2021.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into Active, Cutting Edge, Emerging, and Innovators categories.

Market Attractiveness

The image of market attractiveness provided further helps to get information about the region leading in the Global Concrete Floor Coatings (Epoxy, Polyaspartics, and Others) Market. We cover the major impacting factors driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the global Concrete Floor Coatings (Epoxy, Polyaspartics, and Others) Market, gauge the attractiveness of a particular sector, and assess investment possibilities.

Report Scope

Top Trending Reports

Research Methodology of Market Research