Industrial Floor Coating Market Trends

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	2023
Forecast Year	2024-2036
CAGR	7.5%
Base Year Market Size (2023)	USD 7.53 Billion
Forecast Year Market Size (2036)	USD 19.27 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)

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of industrial floor coating is assessed at USD 8.04 Billion.

The industrial floor coating market size was over USD 7.53 Billion in 2023 and is likely to reach USD 19.27 Billion by the end of 2036, witnessing around 7.5% CAGR during the forecast period i.e., between 2024-2036. Rapid industrialization in emerging countries is the major factor driving the market growth.

North America industry is set to register a share of about 28% by 2036, surging renovation, and remodeling in the residential, as well as commercial construction sector in the region.

BASF SE, 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

Industrial Floor Coating Market Trends