Industrial Floor Coating Market Size & Share, by End-user (Aviation & Transport, Manufacturing, Warehousing, Food Processing); Product (Epoxy, Polyurethane, Acrylic); Component (One, Two, Three); Flooring Material (Mortar, Terrazzo, Concrete) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4877
  • Published Date: May 01, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2035

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.


Industrial Floor Coating Market
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Industrial Floor Coating Sector: Growth Drivers and Challenges

Growth Drivers

  • Rapid Industrialization in Emerging Countries – There has been an increasing industrialization rate in emerging countries, which is improving the industrial infrastructure. This boosts industrial floor coating market growth.
  • Surging Investment in Green Buildings - There has been a surge in the use of eco-friendly and lightweight materials in green buildings. Moreover, the concrete floor coating is designed to be eco-friendly, thus increasing demand for green building projects.
  • Increasing Growth of Construction Industries – The growth of the construction industry in terms of residential, commercial, and industrial, is surging the demand for industrial floor coating. The growth of urban land consumption outpaces population growth by up to 50%, adding 1.2 million km2 of new urban built-up area to the world by 2030.

Challenges

  • Disruption in the Supply Chain - Owing to the international barriers, there has been a disruption in the supply chain. The supply of the raw material required for the production of the industrial floor coating gets disturbed, making it difficult for the manufacturers to deal with the scarcity of raw materials. Therefore, it is anticipated to restrain the growth of the market.
  • Fluctuations in the Prices of the Raw Material
  • High Sensitivity to Moisture

Industrial Floor Coating: Key Insights

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

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)
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Industrial Floor Coating Segmentation

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

  • Aviation & Transport
  • Manufacturing
  • Warehousing
  • Food Processing

            Product

  • Epoxy
  • Polyurethane
  • Acrylic

           Component

  • One
  • Two
  • Three

            Flooring Material

  • Mortar
  • Terrazzo
  • Concrete

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Industrial Floor Coating Industry – Regional Synopsis

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.

Research Nester
Industrial Floor Coating Market Size
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Companies Dominating the Industrial Floor Coating Landscape

top-features-companies
    • BASF SE
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • The Dow Chemical Company
    • 3M Company
    • Astellas Pharma Inc.
    • PPG Industries, Inc.
    • Akzo Nobel N.V.
    • A & I Coating Ltd
    • Axalta Coating Systems, LLC
    • RPM International Inc.
    • The Lubrizol Corporation

In-the-news

In The News

  • BASF has launched the manufacturing of its first bio-based polyol, Sovermol, in Mangalore, India. This product meets Asia Pacific's rapidly expanding need for environmentally friendly goods for use in New Energy Vehicles (NEV), windmills, flooring, and protective industrial coating.
  • Axalta Coating Systems introduced a new Paint Shop Management (PSM) system built on the Axalta New Generation Software (NGS) color control center system throughout Asia Pacific and the Middle East and North Africa (MENA). The PSM module is intended to help automotive refinish suppliers and body shops with performance and business improvement as an effective management tool.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 4877
  • Published Date: May 01, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rapid industrialization in emerging countries is the major factor driving the market growth.

The market size of industrial floor coating is anticipated to attain a CAGR of 7% over the forecast period, i.e., 2023-2035.

The major players in the market are The Dow Chemical Company, 3M Company, Astellas Pharma Inc., PPG Industries, Inc., Akzo Nobel N.V., RPM International Inc., Axalta Coating Systems, LLC, A & I Coating Ltd, The Lubrizol Corporation, and others.

The manufacturing segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Industrial Floor Coating Market Report Scope
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