| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2019 - 2023 |
| CAGR | 6.00% |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Floor Coatings Market Analysis by Mordor Intelligence
The Asia-Pacific Floor Coatings Market is expected to register a CAGR of greater than 6% during the forecast period.
- Increasing building and construction activities in China are likely to drive market growth.
- The demand for floor coatings from the industrial sector is expected to dominate the market studied, and it is expected to grow during the forecast period due to the increasing demand from the chemical industry.
- Conversely, strict regulations on VOCs released for floor coatings hinder the market growth.
- The Rising demand for environment-friendly floor coatings is expected to act as an opportunity to drive the market in the coming years.
- In Asia-Pacific, China dominates the market with the most significant consumption of Floor Coating.
Asia-Pacific Floor Coatings Market Trends and Insights
Growing Demand for Floor Coatings in the Industrial Applications
- The Industrial Application is dominating the overall floor coatings market. The core sector is construction, chemical, manufacturing, and other such food and beverages industries, providing demand for Floor coatings in the region.
- In Asia-Pacific, Rapid industrialization and the development of manufacturing and processing plants in the countries like China, Japan, and South Korea are expected to fuel demand for floor coatings in the Pharmaceutical, Food and Beverage, and Industrial Plants.
- In Asia-Pacific, China serves as one of the significant Chemical markets in terms of production and consumption. Many major companies in the market studied have their chemical plants in China, accounting for more than 35% of global chemical sales-resulting in the demand for floor coatings.
- In the food and beverage industry, The risk of microbial growth from spills is high. As a result, these contaminants reduce the purity of processed foods. To avoid such issues, the industry requires durable and thick floor coverings that act as a protective barrier, preventing pollutants from entering the concrete substrate and ensuring a clean surface.
- For Instance, In April 2020, BMW began constructing a 3.2-square-kilometer plant in InTiexi, China. The expanded facility is expected to help BMW manufacture 150,000 EVs a year. The new plant is scheduled to start manufacturing vehicles by the end of 2022.
- Thus, the industrial application segment will likely dominate the market during the forecast period.
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China to Dominate the Market
- In the Asia-Pacific region, China dominated the market share, with rising consumption from the construction, chemical, manufacturing, and other industries such as food and beverages, providing demand for Floor coatings in the region.
- The construction industry in China is expanding significantly. According to the National Bureau of Statistics of China, in 2021, the construction output in China was valued at approximately CNY 29.31 trillion. Creating a major scope for floor coatings used during construction activities to enhance the building properties.
- China's growth has been driven mostly by rapid development in the residential and commercial construction sectors supported by the growing economy. In China, the housing authorities of Hong Kong launched several measures to push start the construction of low-cost housing. The officials aim to provide 301,000 public housing units in 10 years till 2030.
- In Mar 2021, Allnex Announced a Design to Accelerate the Construction of a Manufacturing Base for Environmental Protection Resins in Zhejiang Province, China. The 100,000 square-meter new plants will produce environmentally friendly resins, with the aim to promote green innovation and meet the growing demands of China
- In July 2022, Covestro announced that it had broke ground for the construction of two new production facilities in Shanghai, China. The new plant for polyurethane dispersions (PUDs), as well as a further line for polyester resins, from which PUDs are produced and are used in more environmentally compatible coatings and adhesives for a wide range of applications, including construction, furniture among others.
- All the aforementioned factors are expected to act as driving factors for the Floor coatings market during the forecast period.
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Competitive Landscape
The Asia-Pacific Floor Coatings Market, in general, is a fragmented market, with no significant share to any particular company. The same applies to all the subtypes of floor coatings. The top companies in the market include (not in any specific order) SIKA AG, The Sherwin-Williams Company, PPG Industries Inc., RPM International Inc., and Akzo Nobel NV.
Asia-Pacific Floor Coatings Industry Leaders
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Sika AG
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The Sherwin-Williams Company
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PPG Industries Inc.,
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RPM International Inc
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Akzo Nobel N.V.
- *Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments
- In 2020, Paint manufacturer PPG announced the launch of a floor coating system. The new range includes prime coats, base coats, and topcoats.
- In March 2021. Sika has acquired US-based floor-covering adhesives company DriTac.
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Asia-Pacific Floor Coatings Market Report Scope
Floor coatings are durable, protective layers applied to surfaces subjected to extreme wear or corrosion. Warehouses, chemical plants, and production floors are examples of typical applications-resin Type, Floor Material, End-User Industry, and Geography segment of the market. By Resin Type, the market is segmented into epoxy, polyaspartics, acrylic, polyurethane, and other resin types (polyester, vinyl ester). By Floor Material, the market is segmented into wood, concrete, and other floor materials. End-User Industry segments the market into Industrial, Decorative, and Car Parks. By Geography, the market is segmented into China, India, Japan, South Korea, ASEAN, and the Rest of Asia-Pacific. The report also covers the market sizes and forecasts for the floor coatings market in 4 countries. The report offers market size and forecasts for revenue (USD million) for all the above segments.
Resin Type
| Epoxy |
| Acrylic |
| Alkyd |
| Polyurethane |
| Polyaspartics |
| Other Resin Type |
Floor Material
| Wood |
| Concrete |
| Other Floor Materials |
End-User Industry
| Industrial |
| Decorative |
| Car Parks |
Geography
| China |
| India |
| Japan |
| South Korea |
| ASEAN |
| Rest of Asia-Pacific |
| Resin Type | Epoxy |
| Acrylic | |
| Alkyd | |
| Polyurethane | |
| Polyaspartics | |
| Other Resin Type | |
| Floor Material | Wood |
| Concrete | |
| Other Floor Materials | |
| End-User Industry | Industrial |
| Decorative | |
| Car Parks | |
| Geography | China |
| India | |
| Japan | |
| South Korea | |
| ASEAN | |
| Rest of Asia-Pacific |
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Key Questions Answered in the Report
What is the current Asia-Pacific Floor Coatings Market size?
The Asia-Pacific Floor Coatings Market is projected to register a CAGR of greater than 6% during the forecast period (2025-2030)
Who are the key players in Asia-Pacific Floor Coatings Market?
Sika AG, The Sherwin-Williams Company, PPG Industries Inc.,, RPM International Inc and Akzo Nobel N.V. are the major companies operating in the Asia-Pacific Floor Coatings Market.
What years does this Asia-Pacific Floor Coatings Market cover?
The report covers the Asia-Pacific Floor Coatings Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Asia-Pacific Floor Coatings Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Asia-Pacific Floor Coatings Market Report
Statistics for the 2025 Asia-Pacific Floor Coatings market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Floor Coatings analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
