Frequently Asked Questions
The global industrial floor coating market was valued at USD 5.9 Billion in 2022.
Between 2023 and 2030, the industrial floor coating market is projected to grow steadily at a CAGR of 4.90%, reaching USD 8.24 billion in 2030.
Epoxy is the leading segment by resin type, holding over 49.7% share in terms of value in 2022.
The concrete segment governs the demand for industrial floor coatings in the world, holding a massive share of over 45.7% in 2022.
With a huge share of more than 41.5% in 2022, the one-component coating category will dominate the global demand for industrial floor coatings.
In 2022, the solvent-borne technology category will dominate the global demand for industrial floor coatings, accounting for a significant share of over 70.2%.
The manufacturing segment is expected to post the highest CAGR during the forecast period.
Asia Pacific is fueling the growth of the industrial floor coating industry, with an over one-third share in 2022.
The top players include Rpm International Inc, Fosroc, Inc, Cornerstone Flooring, and BASF SE. Other major players include Sika AG, Mapei S.P.A., Don Construction Products Ltd., and Cipy Polyurethanes Pvt. Ltd.
The growing need for long-lasting, secure floor coatings and strong flooring in industrial setups are the major market drivers.
Major market restraints include health concerns, supply chain interruptions, excessively rigorous government regulations, and rising raw material prices.
The increasing use of sustainable raw materials and rising demand for concrete floor coatings are the major opportunities in the industrial floor coating industry.