Market Size of Floor Coatings Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.36 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Floor Coatings Market Analysis
The Global Floor Coatings Market size is estimated at USD 6.71 billion in 2023, and is expected to reach USD 8.30 billion by 2028, growing at a CAGR of 4.36% during the forecast period (2023-2028).
Due to the COVID-19 outbreak construction activities were halted worldwide which resulted in lower demand in the year 2020. However, in the years 2021 and 2022, these activities resumed and have helped the demand for floor coatings reach pre-pandemic levels.
- Growing awareness about the advantages of floor coatings and increasing housing construction activities in emerging economies are expected to drive the market over the forecast period.
- However, strict regulations on VOCs released from floor coatings and concrete polishing is expected to hinder market growth.
- The increasing popularity of eco-friendly bio-based floor coatings and the promising performance of polyaspartic coatings will act as an opportunity for the growth of the market during the forecast period.
- Asia-Pacific dominated the market across the world, with the largest consumption from China and India.
