Industrial Floor Coatings Market Size

Industrial Floor Coatings Market Size

Industrial Floor Coatings Market size was valued at around USD 3.77 billion in 2023 and will exhibit 3.4% CAGR from 2024 to 2032, owing to the rising awareness about product benefits including high mechanical strength and superior chemical resistance. The industry size is anticipated to cross 1,293 Kilo Tons in terms of volume by 2028 with an anticipated CAGR of 5.6% through the forecast period.

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Floor coating systems for industrial facilities have the toughest job in the building. They must survive regular traffic and mechanical wear, followed by material abuse such as corrosive liquid, extreme heat, and hard impact. The shifting trend toward floor protection in the manufacturing, transportation, chemical, and food-processing industries has stimulated the industrial floor coating demand. An increasing need to certify manufacturing plants due to rising awareness among end-users has propelled the market growth.

The increasing use of heavy, high-performance machinery & equipment, particularly in the automotive and aviation industries, has increased the need for efficient industrial flooring. The increased demand for smooth flooring surfaces is attributed to technological advancements in material handling equipment with enhanced movement through wheels. The industrial floor coatings market will develop as the number of manufacturing units increases, protecting the interiors from damage and chemical leakage.

Industrial construction expansion is being influenced by rapid industrialization, particularly in emerging nations. Owing to the increased environmental consciousness among end-users, the industry has witnessed an increase in the penetration of bio-based floor coating. The industrial floor coatings market trend will be influenced by the increasing use of bio-renewable resources in floor coatings. The market for bio-renewable coatings is driven by the ease of coating application and fast curing, thus allowing floor usage in a short period after coating.

The food processing & manufacturing sectors together accounted for a significant share of the global industrial floor coatings market revenue with the food processing sector projected to have the fastest growth rate from 2022 to 2028. According to a report by Gulfood, the Middle East & Africa food & beverage industry is anticipated to grow at the highest rate, followed by Latin America and Asia Pacific. Furthermore, the number of manufacturers in the regions is expected to rise at a significant rate.