Industrial Floor Coatings Market Size By Product (Epoxy, Polyaspartic, Polyurethane, Acrylic, Epoxy Cementitious, Methyl Methacrylate), By Component (Single Component, Double Component, Three Component, Four Component), By Flooring Material (Concrete, Mortar, Terrazzo), By Application (Manufacturing, Food Processing, Aviation & Transportation, Warehousing), Industry Analysis Report, Regional Outlook (U.S, Canada, Germany, UK, France, Italy, Spain, Poland, Russia, China, India, Japan, South Korea, Malaysia, Indonesia, Thailand, Brazil, Mexico, Argentina, Saudi Arabia, UAE, Qatar, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

Published Date: July 2017 | 210 Pages | Report ID: GMI1193 Report Format: PDF

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Industry Trends

Global Industrial Floor Coatings Market size was over USD 3.5 billion in 2016 and will surpass 1,300 kilo tons by 2024.

U.S. Industrial Floor Coatings Market Size, by Application, 2016-2024 (USD Million)
U.S. Industrial Floor Coatings Market Size, by Application, 2016-2024 (USD Million)

Rapid industrialization, rising government expenditure on infrastructure and manufacturing facilities will positively influence industrial floor coatings market growth. Shift in consumer preference for improved finishing ability with high mechanical strength and chemical resistance flooring will encourage product penetration.

Potential application scope in food & beverages processing industry will boost product demand. Global food & beverages industry is expected to rise at a rate of 6% up to 2024. This development is credited to increasing levels of quality, hygiene, contamination and purity of products.

Chemical protection, high abrasion along with low costing is among the key factors fuelling industry demand. The product is generally used as defensive layers that are applied to the ground surfaces. Growth in number of production units safeguarding interior from any damage will propel industrial floor coatings market growth.

Epoxy cementitious is among the key revenue generating segment. Superior properties including high reinforcement with urethane and little hardness will support industry growth. Delivering efficient protection along with cost effectiveness which leads to better product acceptance among customers. 

R&D for bio based finishing materials to obtain better environment stability will drive industrial floor coatings market development. Fluctuating petrochemical prices will impact the product cost, thus affecting industrial floor coatings market price trend. Stringent government regulations pertaining to the product usage in food processing and manufacturing industry may hamper industry growth in near future.


Industrial Floor Coatings Market, By Product

Epoxy cementitious contributes over 25% revenue share in industrial floor coatings market in 2016. Durability in harsh environments with thermal shocks and efficient withstanding ability towards chemicals and impacts are some of its quality features. The product is extensively used due its high adhesion, flexibility and solvent resistance. Improved manufacturing plant flooring will provide a positive outlook to epoxy demand.

Polyaspartic will witness a growth over 5.5% up to 2024. Rising need for protection from harmful UV rays makes polyaspartic an excellent option for outdoor applications. It offers long term heavy duty use in warehouses, garages and food processing units.


Industrial Floor Coatings Market, By Component

Four component leads industrial floor coatings market with more than 40% revenue share in 2016. It is a self-levelling epoxy coating laid at a thickness ranging from 0.5mm to 2 mm. Requirement for smooth, monolithic, hygienic, non-porous and easy to clean flooring drives the component demand. Sufficient availability in varied colours and adequate strength to withstand factory wheels traffic are certain factors luring customers to use four component coatings.

Double component generated over USD 700 million in 2016. It is a glossy pigmented component providing high durability with improved strength against friction. Its chemical resistance towards several organic and inorganic alkalis, acids, wastes, petroleum products and water will drive industry growth.

Three component size will surpass USD 1 billion by 2024. It is a water based acrylic floor and deck coating particularly formulated for pedestrian traffic. Easy applicability, fast drying, and optimum adhesion to concrete, wood, metal and asphalt surfaces will drive the product demand.

Industrial Floor Coatings Market, By Flooring Material

Concrete has dominated the overall material segment and accounted for over 80% of the demand in 2016. Superior properties including prevention from abrasion, wear & tear as well as providing ease of maintenance, ability to customize and excellent aesthetic look. Increase in number of manufacturing projects and rise in demand for green technology are anticipated to propel industrial floor coatings market over the forecast period.


Mortar is expected to register 5.6% CAGR up to 2024. Increasing demand for decorative and durable flooring will provide advancement for product penetration. It offers highly impact resistant surfaces, skid resistant, point load capacity and exhibit impressive compressive strength. Further, eye appealing finishing will boost mortar demand.   

Terrazzo accounted for over 5% of the industry share in 2016. It is a non-resilient flooring material formulated by remains of stone clippings, making it well recognised as a green product. Increasing replacement of concrete by terrazzo to provide environment friendly flooring solutions will drive industry demand.


Industrial Floor Coatings Market, By Application

Food processing accounted for over 30% of the overall demand in 2016. The growth is attributed to need for quality and purity of food products by maintaining a hygienic environment inside the production facility.

Manufacturing application generated over USD 1.1 billion in 2016 and is anticipated to register over 6% growth till 2024. Increase in number of manufacturing facilities along with regulatory compliance for improved infrastructure will support growth.  Increasing passenger terminal aircraft hangers will facilitate product penetration in aviation & transportation sector.


Warehouse industry will witness notable growth owing to increase in demand for chemical resistant and durable flooring. Warehouse surface prevention from pallet jacks, rolling carts, and forklift will support product demand.

Industrial Floor Coatings Market, By Region

Asia Pacific is expected to witness over 6.5% CAGR during the forecast period. Food processing and manufacturing sector expansion will drive the regional demand. China, India, Vietnam, Malaysia and Japan are significant contributors owing to rapid infrastructure development. 

North America industrial floor coatings market was valued over USD 800 million in 2016. Automotive, pharmaceuticals, chemicals and steel are among the major revenue generating sectors. Mexico is expected to grow at a fast pace in owing to factors including increasing disposable income, urbanization and population growth.


Competitive Market Share

Global industry share is highly fragmented owing to presence of large number of key industry players. Sherwin-Williams, PPG Industries, Axalta Coating Systems, Kansai Paints, Asian Paints, Tambour, Akzo Nobel, BASF, 3M, Roto Polymers, Nora System, Maris Polymers, RPM International, ArmorPoxy, Milliken & Company and Florock Polymer are among the key industry players.

These companies are indulged in supply chain of the product starting from raw material to suppliers, R&D activities and manufacturing procedures. Marketing and sales take place through third party distribution agencies, or from company owned retail outlets. Other significant companies are Dow Chemical, Grand Polycoats, Michelman, The Lubrizol Corporation, Plexi-Chemie, Pro Maintenance, Apurva India, Ardex Endure and Koninklijke DSM.

Industry Background

Industrial Floor Coatings Market Segmentation

The industry is one of the fastest growing sector in the coatings industry. It consists of several key companies competing to occupy maximum customer foothold. Advancement in the finishing technologies through various research initiatives has particularly led China’s growth. Several global companies tend to enter the country to increase their share in terms of both, value and volume.


What Information does this report contain?

Historical data coverage: 2013 to 2016; Growth Projections: 2017 to 2024.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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