A comprehensive Floor Coatings Market Report is useful in assessing the effectiveness of advertising programs and determining the causes of consumer resistance. The market report also contains Floor Coatings Market drivers and restraints derived from the SWOT analysis, and also showcases all the recent developments, product launches, joint ventures, mergers and acquisitions by some of the key players and brands that are driving the market. based on a systemic company profile. For businesses, it is very important to know the demands, preferences, attitudes of consumers and their changing tastes towards a particular product which can be studied through world-class Floor Coatings Market reports.
The market drivers and market constraints explained in the winning Floor Coatings Market report provide an overview of the rise or fall in consumer demand for a particular product depending on several factors. The market segmentation aspects that are thoroughly explained provide a clear picture of product consumption based on several factors ranging from type, application, implementation model, end user to geographic region. A credible Floor Coatings Market report also provides analysis of key manufacturers, trends, opportunities, Market strategies, market influencing factors, and consumer needs by key regions, types, and applications globally while considering the past, present, and state of the Floor Coatings Market industry future.
Data Bridge Market Research analyses that the floor coatings market is expected to reach USD 5,483.90 million by 2030, which is USD 3,239.81 million in 2022, registering a CAGR of 6.80% during the forecast period of 2023 to 2030.
Explore Further Details about This Research Floor Coatings Market Report https://www.databridgemarketresearch.com/reports/global-floor-coatings-market
Floor Coatings Market Scope and Segmentation
REPORT METRIC | DETAILS |
Forecast Period | 2023 - 2030 |
Base Year | 2022 |
Historic Years | 2021 (Customizable to 2015 - 2020) |
Quantitative Units | Revenue in USD Million, Volumes in Units, Pricing in USD |
Segments Covered | Binder Type (Epoxy, Thermoplastic, Thermoset, Acrylic, Polyaspartic, Polyurethane, Polymethyl Methacrylate, Others), Coating Component (Single, Double, Triple), Floor Structure (Wood, Concrete, Terrazzo, Mortar, Others), Formulation (Solvent-based, Water-based, Others), End User (Residential, Commercial, Industrial) |
Countries Covered | U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
Market Players Covered | Akzo Nobel N.V. (Netherlands), PPG Industries, Inc., (U.S.), The Sherwin-Williams Company (U.S.), RPM International Inc., (U.S.), NIPSEA Group (Japan), Arkema (France), Cardolite Corporation (U.S.), BASF SE (Germany), Evonik Industries AG (Germany), Reichhold LLC 2, (U.S.), DSM (Netherlands), Qualipoly Chemical Corp. (Taiwan), Arakawa Chemical Industries,Ltd. (Japan), Alberdingk Boley (U.S.), Eternal Materials Co.,Ltd. (Taiwan), Wacker Chemie AG (Japan), DIC CORPORATION (Japan) |
Market Opportunities |
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Market Definition
Floor coatings are durable and protective layers which are applied to surfaces that are subjected to corrosion or extreme wear. Floor coatings are applied to make the surface strong and reduce maintenance and repair costs. It also provides a more slip-resistant and smoother surface, which is easier to maintain. These coatings are responsible for extending the shelf life of the underlying floors.
Global Floor Coatings Market Dynamics
Drivers
- Rising demand for durable and safe floor coatings
The two main concerns for the flooring systems in plants, factories, and other industrial environments are durability and safety. Manufacturing facilities require flooring which is incredibly reliable, robust and abrasion resistant. The surface must be hygienic, functional and in accordance with all rules governing worker safety. When put on appropriately prepared concrete slabs, resinous floor coatings such as polyurethane, epoxy, and others can offer a secure, long-lasting, and hygienic flooring solution. The need for floor coating is being driven by increasing public infrastructure investment by the government and several forthcoming housing projects. Thus, the rising demand for durable and safe floor coatings is expected to drive the market growth.
- Increasing building, construction, and renovation projects
The rising building, construction, and renovation projects will propel market growth. A renovation project is the method of renovating or restoring a structure, while a new construction project is the construction of a building from the ground up. Floor coatings are often used in industrial, commercial, and residential renovation and construction activities to create durable, high-performance, smooth surfaces with long operational life. For instance, as per the recent report of United States Census Bureau, the value of construction spending has increased from $1,469.2 billion to $1,589 billion between 2020 and 2021. Thus, the rising building, construction, and renovation projects is likely to boost the growth of the floor coating market
Opportunities
- Increasing demand for concrete floor coatings
Increasing demand for concrete floor coatings among various sectors will create lucrative market growth opportunities. Concrete floor coatings are used to cover a bare concrete surface to improve its appearance. There is a set of defined colour codes for concrete floor coating applications in numerous industries. Moreover, concrete floor coatings require the least amount of work before applying as well as for the ease of cleaning which boosts the market growth.
Key Insights Of Floor Coatings Market Report
- The report comprises a detailed analysis of different segments and offers market valuations between 2023 to 2030.
- This study presents the analytical depiction of the Floor Coatings Market with the current trends and future estimations to determine the imminent investment pockets
- The report also reveals information with respect to key drivers, restraints, and opportunities coupled with a comprehensive analysis of the global Floor Coatings Market
- The forecast period of the market is assessed from 2024 to 2030 to highlight the Floor Coatings Market growth scenario.
- Porter’s five forces analysis establishes the effectiveness of the buyers and suppliers in the business line.
- The key players in the industry are profiled to gain an understanding of the strategies adopted by them.
- This report provides the current trends and future estimations during the forecast period, which in turn aids in identify the prevailing market opportunities.
The company portfolio includes company synopsis, operating business sectors, business overview, product/service categories, and recent growth strategies adopted by them.
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