Concrete Floor Coating Market to be Worth $7.3 Billion by 2030: Grand View Research, Inc.

SAN FRANCISCO, Sept. 7, 2022 /PRNewswire/ -- The global concrete floor coating market size is expected to reach USD 7.3 billion by 2030, according to a new study by Grand View Research, Inc., expanding at a CAGR of 5.3% from 2022 to 2030. Increasing investments in green buildings across the U.S. is a key factor fueling the growth of the market.

Key Industry Insights & Findings from the report:

• Asia Pacific dominated the overall market in 2021 and is expected to expand at the fastest CAGR in terms of revenue over the forecast period.
• Epoxy was the largest product segment in 2021 and is anticipated to maintain its lead over the forecast period.
• The indoor segment was the largest application segment in 2021 with a revenue share of more than 65.0% and is anticipated to retain its lead over the forecast period.

Read full market research report for more Industry insights, "Concrete Floor Coating Market Size, Share & Trends Analysis Report By Product (Epoxy, Polyurethanes, Polyaspartic), By Application (Outdoor, Indoor), By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Concrete Floor Coating Market Growth & Trends

Green buildings incorporate the use of eco-friendly and lightweight materials to maintain and improve the indoor air quality and efficiency of energy, water, and other resources. The concrete floor coatings are designed to be VOC-free and eco-friendly. This factor is expected to drive the market during the forecast period.

Powder coatings are gaining popularity since they have an advantage over other coatings, in terms of environmental regulations, given their solvent-free and VOC-free nature. This is likely to propel industry growth over the coming years. Epoxy, polyurethane, and polyaspartic are the majorly used products as concrete floor coatings in North America. Product types analyzed in the report include acrylic, epoxy, polyurethane, polyaspartic, and others. Epoxy concrete floor coatings include solids, solvent-borne, and water-based epoxy coatings. Polyurethane concrete floor coatings cover moisture-cure, solvent-borne, solids, and water-based coatings. Other product types include polyuria-based coatings.

Asia Pacific occupied the largest revenue share in 2021. A positive economic outlook and growth in the residential and non-residential construction sectors are expected to create growth opportunities for manufacturers, contractors, and service providers across Canada. However, one of the biggest threats is the uncertainty around the trade relationships with the U.S. Another potential risk is the Canadian high household debt, making households more vulnerable to an economic or interest rate shock.

Concrete Floor Coating Market Segmentation

Grand View Research has segmented the global concrete floor coating market on the basis of product, application, and region:

Concrete Floor Coating Market - Product Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

• Epoxy
• Polyurethanes
• Polyaspartic
• Others

Concrete Floor Coating Market - Application Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

• Outdoor
• Indoor

Concrete Floor Coating Market - Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Asia Pacific
• China
• India
• Japan
• Central & South America
• Brazil
• Middle East & Africa
• Saudi Arabia

List of Key Players of Concrete Floor Coating Market

• Trucrete Surfacing Systems
• The Sherwin-Williams Company
• North American Coating Solution
• BASF SE
• Vanguard Concrete Coating
• Tennant Coatings
• Jotun
• Axalta Coating Systems
• Elite Crete Systems
• Stonhard
• PPG Pittsburgh Paints
• Key Resin Company
• BEHR Process Corp.
• Epmar Corp.
• Pratt & Lambert

Check out more related studies published by Grand View Research:

• Floor Coatings Market - The global floor coatings market size is expected to reach USD 3,901.5 million by 2025, exhibiting a CAGR of 6.6% over the forecast period, according to a new report by Grand View Research, Inc. The market is anticipated to be driven by rising demand for green buildings globally.
• Coating Equipment Market - The global coating equipment market size is expected to reach USD 25.9 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.1% from 2022 to 2030. The industry is expected to witness significant growth on account of high application scope coupled with growing consumption from the automotive application. COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact industry growth during the forecast period.
• U.S. Concrete Floor Coatings Market - The U.S. concrete floor coatings market size is anticipated to reach USD 474.02 million by 2030, according to a new report by Grand View Research, Inc. It is expected to grow at a CAGR of 4.9% from 2022 to 2030. The increasing demand for green buildings is expected to drive growth. Lightweight and eco-friendly materials are utilized in green buildings to maintain and improve the indoor air quality and efficiency of energy, water, and other resources. Since an ascending number of concrete floor coatings are being designed to be VOC-free and environment-friendly, their popularity is anticipated to increase and act as a driver for the overall market.

Browse through Grand View Research's Paints, Coatings & Printing Inks Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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SOURCE Grand View Research, Inc.