Home > Construction > Construction Materials > Flooring Materials > Concrete Floor Coatings Market

Concrete Floor Coatings Market Trends

Report ID: GMI1431
Published Date: Nov 2024
Report Format: PDF

Download Free Sample

Concrete Floor Coatings Market Trends

The floor coating industry is evolving due to new technologies and changing consumer preference. There's a significant shift towards eco-friendly options, with low-VOC and solvent-free coatings gaining popularity. Water-based and bio-based coatings are preferred for their reduced environmental impact. Manufacturers are using more recyclable and renewable materials to meet the growing demand for sustainable products.

In addition, decorative coatings are also on the rise, offering both style and function. Customizable colours, patterns, and textures like metallic epoxies and terrazzo finishes are trending in both residential and commercial spaces. Moreover, there's increasing demand for tough, long-lasting coatings that resist chemicals and cure quickly. Polyaspartic and polyurethane coatings are particularly valued in commercial and industrial application where minimizing downtime is crucial.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

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.

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.

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.

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.