Concrete Floor Coatings Market Size By Products (Epoxy, Polyaspartic, Acrylic, Polyurethane), By Component (One Component, Two Component, Three Component, Four Component), By Application (Indoor, Outdoor), By End Use Sector (Residential, Commercial, Industrial), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Sep 2020  |  Report ID: GMI1431  |  Authors: Kiran Pulidindi, Hemant Pandey

Report Format: PDF   |   Pages: 310   |   Base Year: 2019

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Concrete floor coatings market size was USD 1.41 billion in 2019 and will grow at a CAGR of 6.2% from 2020 to 2026. The rising residential construction industry along with increasing demand for commercial spaces and increasing demand of protective coverings for concrete flooring shall remain main factor for business growth.

Concrete is most certainly a versatile material used in building & construction. Apart from its solid structural properties, concrete can be coated, textured, and colored to attain desirable atheistic values. However, concrete is not indestructible; hence, it needs protection to retain its appearance and properties.

Concrete Floor Coatings Market Statistics

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Concrete floor coating is mainly used as a protective medium and to increase the aesthetic value of concrete floors. Concrete floor coatings have witnessed strong penetration in industrial construction owing to their low cost and efficiency. The rapidly rising industrial sector in South East Asia due to strong economic growth will drive the market demand.

Continuous research and development efforts by concrete floor coatings market manufacturers are driving product innovations. Many manufacturers are coming up with innovative products that are in line with end user requirement. Concrete floors are heavily used in commercial and industrial construction sectors. Commercial spaces are witnessing a strong demand from emerging economies owing to the rising service sector. For instance, in Europe, owing to the growing service sector, 31 million square meter space will be required over the next five years.

The concrete floor coatings market will grow at a significant growth rate owing to reviving residential dwellings demand in North America and Europe. Moreover, rapidly growing warehouses due to the strong e-commerce industry have created tremendous market opportunities for industry participants. High industrialization along with the growing logistics & distribution industry is augmenting the product demand.

Growing end-use industries along with sustainable construction practices are expected to further drive market growth. The product demand is expected to rise owing to high requirement for tough flooring for usage of various chemicals at elevated temperatures. Stringent government regulations due to VOC emissions from some of the floor coatings may limit the concrete floor coatings market growth.

Concrete floor coatings also increase aesthetics and appearance while providing necessary properties to the floors. Chemical resistance and floor protection from extreme conditions are key properties fueling the concrete floor coatings market share. However, fluctuating raw material prices can hinder market growth.

Propylene and benzene are the two basic petrochemical products used as raw materials in the manufacturing of diverse types of floor coatings. Raw materials are obtained from petrochemicals, which are directly dependent on crude oil prices that constantly fluctuate every now and then according to the demand and supply dynamics of the concrete floor coatings market. This poses challenges to product manufacturers as raw material cost forms a major part of the overall product cost.

Ongoing Covid-19 pandemic has painted a grim picture of product demand in near future. The pandemic has severely affected the supply chain, limiting the flow of raw materials and finished products along the supply chain. Moreover, liquidity crunch and weakened economy have lowered the construction activities around the world, which will reduce the concrete floor coatings market value demand in the foreseeable future.

Concrete Floor Coatings Market Report Coverage
Report Coverage Details
Base Year:2019
Market Size in 2019:USD 1.41 Billion
Forecast Period:2020 to 2026
Forecast Period 2020 to 2026 CAGR:6.2%
2026 Value Projection:USD 1.77 Billion
Historical Data for:2016 to 2019
No. of Pages:310
Tables, Charts & Figures:315
Segments covered:Product, Component, Application, End use and Region
Growth Drivers:
  • Rapidly growing construction industry in Asia Pacific
  • Revival of construction industry in Europe
  • Growing manufacturing sector in emerging economies
  • Rising infrastructure spending around the world
  • Strongly growing construction industry in Middle East
Pitfalls & Challenges:
  • Raw material price fluctuations

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Epoxy flor coatings will continue to dominate the market

Concrete Floor Coatings Market by Product

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Epoxy product segment revenue will reach over USD 900 million in 2026. Epoxy floor coatings are used in various construction applications, primarily due to their environmentally friendly benefits. Epoxy floorings have much lower cost compared to other coatings and deliver promising result. High cost to benefit ratio along with their green nature will drive product demand. Increased consumption of epoxy coatings in various construction applications will subsequently boost the overall growth of concrete floor coatings market segment.

Two component coatings demand will increase significantly

Concrete Floor Coatings Market by Component Process

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Two component segment revenue will grow at a CAGR of 6.2% during 2020 to 2026. Double component floor coatings are primarily used in the environment that requires corrosion protection. The two-part coatings provide additional protection to the flooring from foreign partials and external forces. These coatings are heavily used in manufacturing plants such as food & beverage, plastic manufacturing, fabrication, assembly lines, etc. The growing manufacturing industry in Asia Pacific and Latin America will propel the concrete floor coatings market growth.

Rising infrastructure construction will increase product’s outdoor applications

Concrete Floor Coatings Market by Application

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The outdoor applications segment will reach over USD 690 million in 2026. Outdoor application scope is increasing due to rising government funding for the infrastructure development in emerging economies. The concrete floor coatings market revenue is further fueled by the rise in construction activities of commercial complex and parking spaces. Changing urban lifestyle, growing preference for concrete floors, and increasing awareness regarding safety in commercial parking areas are creating additional demand for concrete floor coatings.

Rising population is increasing residential construction

Concrete Floor Coatings Market by End User Sector

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The residential construction sector is expected to reach over USD 70 million in 2026. The residential construction industry is witnessing a huge growth since the last decade. This growth is mainly attributed to rapid urbanization and the ever-increasing population around the world.

The demand for concrete floor coatings is highly witnessed from residential construction activities in developed countries such as Germany and the UK. In Germany, the public-sector spending toward the development of residential construction activities is increasing, which is determined to accelerate the concrete floor coatings market sales in this region.

Strongly growing manufacturing sector in Asia Pacific will drive product demand

Concrete Floor Coatings Market by Region

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Asia pacific accounted for more than 30% revenue share in 2019. The APAC concrete floor coatings market will witness strong growth due to rapid urbanization and industrialization in the region. This demand is further boosted by the availability of low cost raw materials and labor in the region. The growing urban population in this region is triggering new commercial construction projects such as commercial complexes and shopping malls. The product demand will increase in the region owing to strongly growing commercial and industrial construction activities.

Increasing production capacity is a key strategy

Sika AG, a prominent player in the concrete floor coatings industry, expanded its production capacity in Austria in September 2016. Sika invested around USD 2.41 million in this expansion. Other major players in product manufacturing are Royal DSM N.V., Nippon Paint Co. Ltd, BASF SE, PPG Industries Inc., DAW SE, among others.

The concrete floor coatings market report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2026, for the following segments:

By Products

  • Epoxy
  • Polyaspartic
  • Acrylic
  • Polyurethane
  • Others

By Component

  • One component
  • Two component
  • Three component
  • Four component

By Application

  • Indoor
  • Outdoor

By End Use Sector

  • Residential
  • Commercial
  • Industrial

The above information is provided on a regional and country basis for the following:

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
    • Poland
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
    • South Korea
  • Latin America
    • Mexico
    • Brazil
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • South Africa

Frequently Asked Questions (FAQ) :

The overall concrete floor coatings industry is anticipated to acquire a revenue share of 1.5 Billion (USD) by the end of 2024.
Concrete floor coatings market is forecast to exhibit a crcr of 7% through 2024.
In 2019, global concrete floor coatings industry size was worth USD 1.41 billion. The market will depict 6.2% CAGR through 2026 driven by expanding residential construction sector.
Epoxy product segment may cross USD 900 million in 2026, epoxy coatings are deployed across a slew of construction applications on account of their environmentally friendly benefits.
Global concrete floor coatings market share from two component segment may depict 6.2% CAGR through 2026, as these coatings are massively used in environments needing corrosion protection.
The global concrete floor coatings market size from outdoor applications segment may cross USD 690 million in 2026 driven by government funding programs for infrastructure development.
The residential construction sector is expected to reach over USD 70 million in 2026. The residential construction industry is witnessing a huge growth since the last decade. This growth is mainly attributed to rapid urbanization and the ever-increasing population around the world.
Asia Pacific held over 30% of global concrete floor coatings market share in 2019 owing to robust industrialization and urbanization in the region.

Premium Report Details

  • Published Date: Sep 2020
  • Pages: 310
  • Tables: 293
  • Charts / Figures: 22
  • Companies covered: 15
  • Countries covered: 19

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