Concrete Floor Coatings Market Size, Share & Industry Analysis, By Type (Epoxy, Polyaspartics, Acrylic, Polyurethane, Others), By Application (Residential, Non-residential)and Regional Forecast, 2024-2032

Concrete floor coating is the protective layer applied to the floors, which is available in the form of liquid and semi-liquid. It exhibits a commendable grip with the concrete surface which further helps in retaining the appearance, texture, and quality of floorings. It is available in different types including epoxy, polyaspartics, acrylic, and polyurethane. These coatings increase the shelf life of concrete floors. Furthermore, concrete floor coatings offer beneficial properties such as wear resistance, tear resistance, abrasion resistance, and heat resistance. These properties fueled the demand for concrete floor coatings in residential and non-residential sectors.

The rising need for concrete floor coatings in the construction sector will propel the lucrative market growth. The concrete floor coatings are efficient in resisting the impact of mechanical and chemical stresses. It offers a protective layer to floors, which is made of concrete. Whereas, the construction industry has started paying essential attention to the strength and aesthetics of floorings, which further increases the demand for concrete floor coatings. Additionally, the rising demand for epoxy resin will also surge the need for concrete floor coatings. The demand for epoxy resin is rising due to its ease of maintenance and low cost. It also possesses benefits such as impressive durability, enhanced appearance, eco-friendliness, improved safety, and increased productivity. Hence, the development in the construction sector and rising demand for epoxy resting will fuel the growth of concrete floor coatings.  

However, the lack of availability of raw material leads to fluctuations in the prices of concrete floor coatings, andis anticipated to restrain the market growth during the forecast period.

Market Segmentation:

Based on type, the concrete floor coatings market is segmented into epoxy, polyaspartics, acrylic, polyurethane and others. Based on application, the market is segmented into residential and non-residential. From geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Key Players Covered:

The key players in the concrete floor coatings market includes Florock, Rust-Oleum, Tennant Coatings, BASF SE, Vanguard Concrete Coating, North American Coating Solutions, Trucrete Surfacing System, PPG Industries, Cornerstone Coatings and The Sherwin-Williams Company.

Key Insights

• Key Emerging Trends – For Major Countries


• Key Developments: Mergers, Acquisition, Partnership, etc.


• Latest Technological Advancement


• Insights on Regulatory Scenarios


• Porters Five Forces Analysis

Regional Analysis:

Asia Pacific accounted for the highest revenue share during the forecast period, in which India and China are the leading contributors. The rapid infrastructure development will provide growth to the concrete floor coatings market in this region. North America is the second-largest region in the market. Increasing remodeling practices and renovation, majorly in the residential construction sector, has fueled the regional product demand. Europe is the third-largest contributor for concrete floor coatings, owing to rising commercial buildings in this region. The Middle East & Africa witnessed sustainable growth, owing to the rising construction sector. The growth in Latin America is attributed to the increasing epoxy and acrylic resin in the residential buildings. 

Segmentation

Concrete Floor Coatings Industry Developments

• In May 2019, Rust-Oleum introduced Metallic Concrete Floor Paint that is used in the garage floors, driveways, carports, basements, and patios. This product launch has helped the company to expand its product portfolio.


• In October 2019, Tennant coatings launched Eco-MVR 100, a moisture mitigation systemthat offers advanced protection against the costly and deleterious effects of Moisture Vapor Transmission (MVT).


• In April 2015, Florock introduced Floropoxy 4900V and Floropoxy 4900. These products are mainly made for concrete floors and walls, and will help the company to expand its product line and to meet the customer requirements.