Market Size of United States Floor Coatings Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | > 4.00 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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US Floor Coatings Market Analysis
The United States Floor Coatings market is expected to reach around USD 1270 million by the end of this year. It is projected to register a CAGR of over 4% 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
- Strict regulations on VOCs released for floor coatings are hindering market growth.
- The increasing demand for bio-based floor coatings will likely act as an opportunity.
- In End-user Industry, the Industrial Segment to dominated the market.