Market Size of Asia-Pacific Floor Coatings Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 6.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
APAC Floor Coatings Market Analysis
The Asia-Pacific Floor Coatings market is expected to reach around USD 5,240 million by the end of this year. It is projected to register a CAGR of more than 6% during the forecast period. COVID-19 negatively impacted the market in 2020. However, the market has now been estimated to have reached pre-pandemic levels and is forecasted to grow steadily.
- 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.
