Concrete Floor Coatings Market to Reach Valuation of USD 7.12 Billion by 2030 – Growth in the Usage of Concrete Floor Coatings in Automotive Application Drives the Market

In terms of revenue, the Global Concrete Floor Coatings Market is expected to reach USD 7.1 Billion by 2030, growing at a CAGR (Compound Annual Growth Rate) of 5.5% from 2023 to 2030.

The market for Concrete Floor Coatings is a developing sector that includes a broad spectrum of goods, uses, and end-users. The market is fueled by a number of factors, including as the rising need for long-lasting, low-maintenance flooring options in commercial and industrial settings and the rising acceptance of decorative and personalised flooring options.

Due to their durability and chemical resistance, epoxy coatings are becoming increasingly popular, according to several important industry trends. A variety of low-VOC and zero-VOC coatings that are suitable for use indoors have been developed as a result of recent consumer movement and need for environmentally friendly products.

Key Highlights from the Report

· The market demand is increasing due to increasing demand from the end users, urbanization and industrialisation and increasing awareness of sustainable and environmentally friendly material.

· The Asia Pacific Region dominates the Concrete Floor Coatings market.

· Key players in the market are RPM International Inc., Vanguard Concrete coating Inc., Axalta Coating Systems Ltd., Sherwin-Williams Company and many others.

Market Dynamics

The market is being driven by the expansion of the building sector and the increased demand for concrete floor coverings in commercial, industrial, and residential settings. The market for Concrete Floor Coatings is also expanding as a result of increased infrastructure building activities brought on by the world population's fast growth. Rapid urbanisation in developing nations, an increase in building and construction activities worldwide, and the use of Concrete Floor Coatings for various applications in the construction of residential and commercial buildings are the main factors driving the global market for Concrete Floor Coatings. Concrete Floor Coatings are primarily used to protect concrete floors from scratches and general wear and tear. Floors are shielded from abrasive climatic conditions by concrete coverings.

Sustainable and environmentally friendly products are becoming more popular. This has given producers the chance to make and market Concrete Floor Coatings that are green building compliant and environmentally benign.

However, a significant factor limiting the growth of the global market for Concrete Floor Coatings is fluctuation in raw material prices. The gradual rise in raw material prices has had an impact on the coatings business. Since more than half of operational expenses are allocated to raw materials, commodities are particularly significant for paint and coating producers. The cost of finished goods increases as a result of rising commodity prices, which has a significant negative impact on market expansion.

The Global Concrete Floor Coatings Market is Segmented as follows

• Product
  • Epoxy
  • Polyurethanes
  • Polyaspartic
  • Other Products
• Application
  • Outdoor
  • Indoor
• Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

List of the Key Players of the Global Concrete Floor Coatings Market is

Trucrete Surfacing Systems (U.S.), The Sherwin-Williams Company (U.S.), North American Coating Solution (U.S.), BASF SE (U.S.), Vanguard Concrete Coating (U.S.), Tennant Coatings (U.S.), Jotun (Norway), Axalta Coating Systems (U.S.), Elite Crete Systems (U.S.), Stonhard (U.S.), BEHR Process Corp. (U.S.), EPMAR Corp. (U.S.), Pratt & Lambert (U.S.), PPG Pittsburgh Paints (U.S.), Key Resin Company (U.S.)

The Global Concrete Floor Coatings Market Scope can be Tabulated as below