"The comprehensive Floor Coatings Market report broadly encompasses absolute and distinct analysis of the market drivers and restraints, major market players involved in the Floor Coatings Market industry, exhaustive analysis of the market segmentation, and competitive analysis of the key players. All the data and information involved in the report is taken from incredibly trustworthy sources such as websites, annual reports of the companies, white papers, journals, newspapers, and mergers. A number of estimations and calculations have been executed in the world class Floor Coatings Market research report by assuming definite base year and the historic year.
By synchronizing with project managers, the team provide the clients on every strategic aspect including product development, key areas of development, application modelling, use of technologies, the acquisition strategies, exploring niche growth opportunities and new markets. It includes the detailed profiles for the Floor Coatings Market’s major manufacturers and importers who are influencing the market. To achieve success in the competition of global market place, going for the worldwide Floor Coatings Market research report is the key. The report takes into account all the opportunities, challenges, drivers, market structures, and competitive landscape for the clients.
Data Bridge Market Research analyses that the floor coatings market is expected to reach USD 5,483.90 million by 2030, which is USD 3,239.81 million in 2022, registering a CAGR of 6.80% during the forecast period of 2023 to 2030.
Explore Further Details about This Research Floor Coatings Market Report https://www.databridgemarketresearch.com/reports/global-floor-coatings-market
Floor Coatings Market Scope and Segmentation
| REPORT METRIC | DETAILS |
| Forecast Period | 2023 - 2030 |
| Base Year | 2022 |
| Historic Years | 2021 (Customizable to 2015 - 2020) |
| Quantitative Units | Revenue in USD Million, Volumes in Units, Pricing in USD |
| Segments Covered | Binder Type (Epoxy, Thermoplastic, Thermoset, Acrylic, Polyaspartic, Polyurethane, Polymethyl Methacrylate, Others), Coating Component (Single, Double, Triple), Floor Structure (Wood, Concrete, Terrazzo, Mortar, Others), Formulation (Solvent-based, Water-based, Others), End User (Residential, Commercial, Industrial) |
| Countries Covered | U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
| Market Players Covered | Akzo Nobel N.V. (Netherlands), PPG Industries, Inc., (U.S.), The Sherwin-Williams Company (U.S.), RPM International Inc., (U.S.), NIPSEA Group (Japan), Arkema (France), Cardolite Corporation (U.S.), BASF SE (Germany), Evonik Industries AG (Germany), Reichhold LLC 2, (U.S.), DSM (Netherlands), Qualipoly Chemical Corp. (Taiwan), Arakawa Chemical Industries,Ltd. (Japan), Alberdingk Boley (U.S.), Eternal Materials Co.,Ltd. (Taiwan), Wacker Chemie AG (Japan), DIC CORPORATION (Japan) |
| Market Opportunities |
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Market Definition
Floor coatings are durable and protective layers which are applied to surfaces that are subjected to corrosion or extreme wear. Floor coatings are applied to make the surface strong and reduce maintenance and repair costs. It also provides a more slip-resistant and smoother surface, which is easier to maintain. These coatings are responsible for extending the shelf life of the underlying floors.
Global Floor Coatings Market Dynamics
Drivers
- Rising demand for durable and safe floor coatings
The two main concerns for the flooring systems in plants, factories, and other industrial environments are durability and safety. Manufacturing facilities require flooring which is incredibly reliable, robust and abrasion resistant. The surface must be hygienic, functional and in accordance with all rules governing worker safety. When put on appropriately prepared concrete slabs, resinous floor coatings such as polyurethane, epoxy, and others can offer a secure, long-lasting, and hygienic flooring solution. The need for floor coating is being driven by increasing public infrastructure investment by the government and several forthcoming housing projects. Thus, the rising demand for durable and safe floor coatings is expected to drive the market growth.
- Increasing building, construction, and renovation projects
The rising building, construction, and renovation projects will propel market growth. A renovation project is the method of renovating or restoring a structure, while a new construction project is the construction of a building from the ground up. Floor coatings are often used in industrial, commercial, and residential renovation and construction activities to create durable, high-performance, smooth surfaces with long operational life. For instance, as per the recent report of United States Census Bureau, the value of construction spending has increased from $1,469.2 billion to $1,589 billion between 2020 and 2021. Thus, the rising building, construction, and renovation projects is likely to boost the growth of the floor coating market
Opportunities
- Increasing demand for concrete floor coatings
Increasing demand for concrete floor coatings among various sectors will create lucrative market growth opportunities. Concrete floor coatings are used to cover a bare concrete surface to improve its appearance. There is a set of defined colour codes for concrete floor coating applications in numerous industries. Moreover, concrete floor coatings require the least amount of work before applying as well as for the ease of cleaning which boosts the market growth.
What insights readers can gather from the Floor Coatings Market report?
- Learn the behavior pattern of every Floor Coatings Market -product launches, expansions, collaborations and acquisitions in the market currently.
- Examine and study the progress outlook of the global Floor Coatings Market landscape, which includes, revenue, production & consumption and historical & forecast.
- Understand important drivers, restraints, opportunities and trends (DROT Analysis).
- Important trends, such as carbon footprint, R&D developments, prototype technologies, and globalization
Why choose Data Bridge Market Research?
- Modern technologies, such as artificial intelligence, to provide updated industry growth.
- DBMR team provides clients with the top notch Floor Coatings Market research report.
- Interaction with research scientists and development heads to understand the nature of the Floor Coatings Market more precisely.
- 24/7 availability of services.
- Data collection from implementation vendors, service providers, and raw material suppliers to provide a clear perspective with Forecast period.
DBMR team uses very fair means to gather information that is scrutinized at every stage while structuring an influential Floor Coatings Market size
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