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Concrete Floor Coatings Market Share
In 2023, key companies like BASF, Saint-Gobain, Sika, Asian Paints and Flowcrete Group held a combined market share of 20%-22%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.
Companies prioritize research and development to innovate formulations and application techniques. Their goal is to produce high-performance coatings that cure more quickly, boast superior durability, and resist chemicals and UV exposure. Such technological advancements serve as pivotal competitive differentiators. Established brands, including BASF, Sika, and Saint-Gobain, are recognized for their quality and reliability. In contrast, newer or smaller manufacturers face challenges in capturing market share without a robust brand reputation, underscoring the competition's reliance on trust and customer loyalty.
Concrete Floor Coatings Market Companies
Major players operating in the concrete floor coatings industry are:
- Ardex Group
- Asian Paints
- BASF
- Cipy Polyurethanes
- Flowcrete Group
- Hempel
- MC-Bauchemie
- Penntek Industrial Coatings
- PPG Industries
- RPM International
- Saint-Gobain
- Schomburg
- Sika
- Silikal
- Tremco Incorporated
What is the market share of the two-component epoxy resin segment?
The two-component epoxy resin segment held around 54% of the total market share in 2023 and is anticipated to grow at a 6.2% CAGR during the forecast period, owing to its strong penetration and adhesion properties.
How much is the U.S. concrete floor coatings industry worth?
The U.S. market accounted for 79% of the revenue share in 2023, led by a surge in residential and commercial construction projects and ongoing innovations in coating formulations.
How big is the global concrete floor coatings market?
The market size of concrete floor coatings reached USD 1.4 billion in 2023 and is estimated to grow at a 6.2% CAGR from 2024 to 2032, driven by industrial and commercial expansion and advancements in coating formulations.
Who are the major players in the concrete floor coatings market?
The key players in the industry include Ardex Group, Asian Paints, BASF, Cipy Polyurethanes, Flowcrete Group, Hempel, MC-Bauchemie, Penntek Industrial Coatings, PPG Industries, RPM International, Saint-Gobain, and Schomburg.