Floor Coatings Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The Floor Coatings Market is Segmented by Product Type (Epoxy, Polyaspartics, Acrylic, Polyurethane, and Other Product Types), Floor Material (Wood, Concrete, and Other Floor Materials), End-user Industry (Residential, Commercial, and Industrial), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers the market sizes and forecasts in revenue (USD million) for all the above segments.

Floor Coatings Market Size

Floor Coatings Market Summary
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: > 5 %

Major Players

Floor Coatings Market, Revenue Share (%), by End-user Industry, Global, 2021

*Disclaimer: Major Players sorted in no particular order


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Floor Coatings Market Analysis

The floor coatings market is growing rapidly, and it is projected to register a CAGR of more than 5% during the forecast period (2022-2027).

Building and construction across major regions are expected to witness a period of low growth over the next two years, driven by the economic downturn triggered due to the COVID-19 outbreak. The lower demand across end-user industries, such as the construction industry's intensified growth decline and a slowdown in core industries, had a cascading impact on other industries, resulting in an overall decline in the demand for floor coatings in 2021.

  • In the short term, the housing construction activities in the emerging economies of Asia-Pacific are likely to drive the market.
  • On the flip side, strict regulations on VOCs released for floor coatings are hindering the growth of the market.
  • The demand for floor coatings from the industrial sector dominated the market studied, and it is expected to grow during the forecast period due to the increasing demand from the chemical industry. The promising performance of polyaspartic coatings is likely to act as an opportunity in the future.
  • Asia-Pacific dominated the market across the world, with the largest consumption from China and India.

Floor Coatings Industry Segmentation

Floor coatings are durable, protective layers applied to surfaces that are subjected to extreme wear or corrosion. Warehouses, chemical plants, and production floors are examples of typical applications. The market is segmented by product type, floor material, coatings component, end-user industry, and geography. By product type, the market is segmented into epoxy, polyaspartics, acrylic, polyurethane, and other product types (polyester, vinyl ester). By floor material, the market is segmented into the wood, concrete, and other floor materials (carpet, tile, vinyl sheet). By end-user industry, the market is segmented into residential, commercial, and industrial. The report also covers the market sizes and forecasts for the floor coatings market in 18 countries across the major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

Product Type
Other Product Types (Polyester, Vinyl Ester)
Floor Material
Other Floor Materials (Carpet, Tile, Vinyl Sheet)
End-user Industry
Commercial (Parking Lots, Retail Outlets, Warehouses, Other Commercial Industries)
Industrial (Chemical Industry, Food and Beverage Industry, Other Industries)
South Korea
Australia & New Zealand
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Floor Coatings Market Trends

This section covers the major market trends shaping the Floor Coatings Market according to our research experts:

Growing Demand from Industrial Applications

  • The industrial segment is dominating the overall floor coatings market. The core sectors such as chemical, automotive, manufacturing, and other industries such as food and beverages and electrical and electronics, among others, are some of the major consumers of floor coatings.
  • The chemical sector is the most important industry of the era. Directly or indirectly, chemicals are used in almost every product manufactured today. This implies the importance of the chemical industry globally. Being one of the most important industries, the right high-performance flooring is essential for research and development labs, production plants, and other facilities of the industry.
  • In the industry, chemical resistance flooring, strict hygiene, and safety protocols play vital roles in avoiding the risks related to damage, accidents, and the health of workers. Thus, considering the risks and the requirements of the chemical industry, floor coatings have become an important element of concern.
  • In the food and beverage industry, the risk of microbial growth due to spillage is high. Consequently, these contaminants degrade the processed food’s purity. To avoid such problems, the industry requires durable and thick floor coatings to provide a protective barrier, which can help prevent contaminants from entering the concrete substrate and ensures a hygienic surface.
  • Thus, the industrial application segment is likely to dominate the market during the forecast period.
Floor Coatings Market - Growth Rate by Region, 2022-2027

The Asia-Pacific Region is Expected to Dominate the Market

  • Asia-Pacific dominated the global market share. Increasing housing construction activities in the emerging economies of Asia-Pacific have also hugely contributed to the market growth.
  • The construction industry in Asia-Pacific is expected to become the largest and fastest-growing industry across the world, both in the residential and commercial sectors, with approximately a 45% share of the global construction spending coming from the region. ​
  • The Chinese government has rolled out massive construction plans, including making provisions for the movement of 250 million people to its new megacities over the next ten years, creating a major scope for floor coatings used during construction activities to enhance the building properties.
  • In the residential segment, the Indian government is pushing for huge projects in the next few years. The government’s ‘Housing for All’ initiative aims to build more than 20 million affordable homes for the urban poor by 2022. This will provide a significant boost to residential construction (the market’s largest category), which will account for more than a third of the industry’s total value by 2023.
  • Such factors are boosting the demand for floor coatings in the region.
Floor Coatings Market - Growth Rate by Region, 2022-2027

Floor Coatings Industry Overview

The floor coatings market, in general, is a highly fragmented market, with no significant share to any particular company, and the same applies to all the subtypes of floor coatings. SIKA AG is the largest player in the market in almost all types of floor coatings. The other top companies in the market include The Sherwin-Williams Company, PPG Industries Inc., RPM International Inc., and Akzo Nobel NV.

Floor Coatings Market Leaders

  1. PPG Industries, Inc.

  2. The Sherwin-Williams Company

  3. Akzo Nobel N.V.

  4. RPM International Inc.

  5. Sika AG

*Disclaimer: Major Players sorted in no particular order

Floor Coatings Market Concentration

Floor Coatings Market News

  • The recent developments pertaining to the major players in the market are being covered in the complete study.

Floor Coatings Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Growing Awareness about the Advantages of Floor Coatings

      2. 4.1.2 Increasing Construction Activities across the Globe

    2. 4.2 Restraints

      1. 4.2.1 Strict Regulations on VOCs Released for Floor Coatings

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Regulatory Policy Analysis


    1. 5.1 Product Type

      1. 5.1.1 Epoxy

      2. 5.1.2 Polyaspartics

      3. 5.1.3 Acrylic

      4. 5.1.4 Polyurethane

      5. 5.1.5 Other Product Types (Polyester, Vinyl Ester)

    2. 5.2 Floor Material

      1. 5.2.1 Wood

      2. 5.2.2 Concrete

      3. 5.2.3 Other Floor Materials (Carpet, Tile, Vinyl Sheet)

    3. 5.3 End-user Industry

      1. 5.3.1 Residential

      2. 5.3.2 Commercial (Parking Lots, Retail Outlets, Warehouses, Other Commercial Industries)

      3. 5.3.3 Industrial (Chemical Industry, Food and Beverage Industry, Other Industries)

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Australia & New Zealand

        6. Indonesia

        7. Rest of Asia-Pacific

      2. 5.4.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.4.3 Europe

        1. Germany

        2. United Kingdom

        3. Italy

        4. France

        5. Russia

        6. Rest of Europe

      4. 5.4.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle-East and Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%) **/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Akzo Nobel NV

      2. 6.4.2 ArmorPoxy

      3. 6.4.3 Asian Paints

      4. 6.4.4 BASF SE

      5. 6.4.5 Epoxy-Coat

      6. 6.4.6 Henkel AG & Co. KGaA

      7. 6.4.7 Jotun

      8. 6.4.8 Kansai Nerolac Paints Limited

      9. 6.4.9 LATICRETE International Inc.

      10. 6.4.10 Mapei

      11. 6.4.11 Maris Polymers

      12. 6.4.12 NIPSEA Group (Nippon Paint)

      13. 6.4.13 PPG Industries Inc.

      14. 6.4.14 Sika AG

      15. 6.4.15 StoCretec GmbH

      16. 6.4.16 Tambour

      17. 6.4.17 Teknos Group

      18. 6.4.18 The Sherwin-Williams Company

      19. 6.4.19 Tikkurila Oyj

    5. *List Not Exhaustive

**Subject to Availability
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Floor Coatings Market Research FAQs

The Floor Coatings Market is studied from 2018 - 2028.

The Floor Coatings Market is growing at a CAGR of >5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

Asia Pacific holds highest share in 2021.

PPG Industries, Inc., The Sherwin-Williams Company, Akzo Nobel N.V., RPM International Inc., Sika AG are the major companies operating in Floor Coatings Market.

Floor Coatings Industry Report

Statistics for the 2023 Floor Coatings market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Floor Coatings analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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