Industrial Floor Coating Market size is anticipated to surpass USD 17 billion by the end of 2035, witnessing around 7% CAGR during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of industrial floor coating was USD 7 billion. This growth is attributed to the growing warehouse industry, industrial flooring provides a durable surface for the warehouse to avoid accidents.
Additionally, factors that are believed to fuel the industry growth include the rising importance given to the strength of the flooring in buildings. There has been surging demand for different products, such as epoxy owing to its low cost, and its ease of maintenance. The industrial floor coating handles the heavy impact of constant traffic and provides resistance against corrosive liquid. There has also been growing awareness among the end users related to the benefits of floor coating that propels the growth of the industry.
Growth Drivers
Challenges
|
Base Year |
2022 |
|
Forecast Year |
2023-2035 |
|
CAGR |
~7% |
|
Base Year Market Size (2022) |
~ USD 7 Billion |
|
Forecast Year Market Size (2035) |
~ USD 17 Billion |
|
Regional Scope |
|
End Use Industry (Aviation & Transport, Manufacturing, Warehousing, Food Processing)
The manufacturing segment in the industrial floor coating market is estimated to gain the largest revenue share in the year 2035. The growth of industries such as manufacturing, automotive, food and beverage, pharmaceuticals, and aerospace drives the demand for industrial floor coatings. As these industries expand, they require robust and durable floor coatings to protect their floors from wear and tear, chemicals, and other potential damage. There has been a growing awareness among businesses about the importance of floor protection to ensure workplace safety, enhance aesthetics, and increase the lifespan of industrial floors. This has led to an increased adoption of industrial floor coatings.
Product (Epoxy, Polyurethane, Acrylic)
Industrial floor coating market from the epoxy segment is expected to garner a significant share in the year 2035. The versatility of epoxy coatings in terms of design and customization was noted as a key factor attracting commercial spaces, retail outlets, and public facilities to opt for epoxy floor coatings. This aspect was likely to contribute to the segment's growth. Epoxy coatings are known for their exceptional durability and resistance to chemicals, making them suitable for industrial environments where floors are exposed to heavy traffic, impact, and various chemicals. This property has been a major driver for the adoption of epoxy coatings in industries such as manufacturing, automotive, aerospace, and pharmaceuticals.
Our in-depth analysis of the global market includes the following segments:
|
End Use Industry |
|
|
Product |
|
|
Component |
|
|
Flooring Material |
|
APAC Market Forecast
The industrial floor coating market in the Asia Pacific region is projected to hold the largest market share of 36% by the end of 2035. The market is impelled by the increasing shift towards production outsourcing from Asian countries. Countries such as China, and India are hubs for manufacturing set-up owing to the availability of resources at a lower cost. This has led to a rise in the number of manufacturing units that are producing goods at lower costs, and surging the demand for industrial floor coating. The increasing growth in the aviation, construction, marine, and other industries in the Asia Pacific region, is further predicted to boost the growth of the market.
North American Market Statistics
The North America industrial floor coating market is set to register a share of about 28% by the end of 2035. The growth of the market is fueled by the surging renovation, and remodeling in the residential, as well as commercial construction sectors. The presence of key players in industrial floor coating in the region is further projected to surge the growth of the market in the region. Added to this, the increasing research and development investment for floor coating in countries such as the U.S. and Canada is also expected to expand the market’s growth in the region.
Author Credits: Smruti Ranjan, Rajrani Baghel
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?