Floor Coatings Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024

In any structure, the floor is subjected to tremendous stress due to constant movement and direct load applied by the occupant or interior components such as furniture. Thus, the floor undergoes high levels of friction that causes frequent wear and tear, in turn requires frequent maintenance and repair. Floor coatings are used to ensure proper protection and maintenance of floors. These offer high resistance to chemicals, abrasion, and impact, while adding to aesthetic appeal. Floor coatings cost-effective, widely available, and easy to apply, and provide ample protection to the applied surface. A wide variety of floor coatings are available in the market, depending on the environment, structure, and specific requirements of consumers.

Increasing government investments on corporate and commercial infrastructures is expected to potentially drive demand for floor coatings. For instance, the Indian government has decided to step up the investments in infrastructure sector. For example, in 2015, the Indian Ministry of Road Transport, Highways and Shipping announced a target of US$ 376.53 billion investment in infrastructure sector by 2018. This in turn creates a highly conducive environment for growth of the global floor coatings market, considering the highly populous region that offers highly lucrative growth opportunities for players. Furthermore, easy of FDI norms in emerging economies such as India and China has led to an increasing influx of multinational companies in the region. Major companies lay high emphasis on maintaining aesthetic appeal of their commercial buildings, especially those that directly engage with clients. This fuels demand for high quality floor coatings, among other things in order to ensure high aesthetic appeal without compromising on functionality. The food industry is emerging as a major end user of floor coatings, as floors of associated buildings are subjected to high levels of corrosion. Steady growth of the food industry is another factor that is expected to augment growth of the floor coatings market in the foreseeable future.

Rapid urbanization in emerging economies such as India, China, and Brazil has led to upsurge in civil construction activities, which is a key driving factor that promotes the usage of floor coatings in the residential, commercial, and industrial sectors.

Floor Coatings Market: Market Taxonomy

By Product Type

Global market can be segmented on the basis of product type as follows:

  • Epoxy floor coatings
  • Polyurethane floor coatings
  • Anti-slip floor coatings
  • Antimicrobial floor coatings
  • Decorative floor coatings
  • Thermal shock-resistant floor coatings

By Application

Global market can be segmented on the basis of application as follows:

  • Outdoor
    • Garage
    • Walkways
    • Driveways
    • Pathways
    • Others
  • Indoor
    • Commercials
    • Corporate buildings
    • Educational institution
    • Residential buildings
    • Retail stores
    • Showrooms
    • Others 

Anti-slip floor coatings are mainly used for specific zones such as ramps, pathways, and walkways. Anti-slip coatings are supplemented with the floors coatings to create an anti-slip texture. Fast drying floor coatings range from those for car parks to resin floor coatings drying tarmac, and cold room floor coatings that are best suited for such environments. Cold room floor coatings are specifically formulated to resist very low temperatures. These types of floor coatings are ideal for food industries, supermarkets, dairies laboratories, and cold storages. All the types of coatings have floor protection solutions can include anti-bacterial coatings that provide a sterile environment.

Floor Coatings Market Outlook- Asia-Pacific is expected to be the top investment pocket for key players operating in the market

Based on geographical segmentation, the global floor coatings market has been classified into North America, Europe, Latin America, Middle East, and Africa. Asia Pacific is expected to be a large market for floor coatings, owing to the booming infrastructural development especially in India and China.

According to Asian Development Bank, Asia is estimated to invest around US$ 8-9 trillion in infrastructural development by 2018. Major investments in building & construction industry is expected to be a resultant of rapid global economic development and increasing population in both developed and developing countries, which in turn is projected to boost demand for global floor coatings.

North America and Europe are also expected to register significant market growth for floor coatings attributed to rising demand among business firms, commercial buildings and educational institutions in an effort to enhance the aesthetic appeal of the interiors.

Key players in the global floor coatings market include Maris Polymers, Arden Endure, A & I Coatings, Megadeal flooring systems, Root Polymers and Chemicals, 3M, Key Resin Company, Lubrizol, Tambour, Asian Paints, Grand Polycot’s Company Pt. Ltd, Aura India Limited, Nora Systems Inc., Key Resin Company, and Lubrizol.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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