Market Size of India Floor Coatings Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 7.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Floor Coatings Market Analysis
The India Floor Coatings Market was worth USD 1090 million at the end of the year, and it is expected to register a CAGR of 7% during the forecast period. Because construction stopped all over the country because of the COVID-19 pandemic, it hurt the market. But after COVID-19, the country went back to building homes and businesses, which will help the market recover in the coming years.
- In the short term, rising residential and commercial construction activities in India will likely drive the market.
- On the other hand, traditional floor coatings are bad for the environment, which slows the growth of the market.
- In the market that was looked at, most of the demand for floor coatings came from the industrial sector, and this demand is expected to grow as the chemical industry grows.
- Polyaspartic coatings are likely to have a chance in the future because of how well they work.
