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United States Floor Coatings Market Size (2024 - 2029)

The United States Floor Coatings market is experiencing a steady recovery and growth trajectory, having rebounded to pre-pandemic levels. The market's expansion is driven by increasing building and construction activities, although it faces challenges due to strict regulations on VOC emissions. The demand for bio-based floor coatings presents a potential opportunity for further growth. Within the end-user industry, the industrial segment holds a dominant position in the market.

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Market Size of United States Floor Coatings Industry

United States Floor Coatings Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 4.00 %
Market Concentration Medium

Major Players

United States Floor Coatings Market Major Players

*Disclaimer: Major Players sorted in no particular order

US Floor Coatings Market Analysis

The United States Floor Coatings market is expected to reach around USD 1270 million by the end of this year. It is projected to register a CAGR of over 4% during the forecast period. COVID-19 negatively impacted the market in 2020. However, the market has now been estimated to have reached pre-pandemic levels and is forecasted to grow steadily.

  • Increasing Building and Construction Activities
  • Strict regulations on VOCs released for floor coatings are hindering market growth.
  • The increasing demand for bio-based floor coatings will likely act as an opportunity.
  • In End-user Industry, the Industrial Segment to dominated the market.

US Floor Coatings Industry Segmentation

Floor coatings are durable, protective layers applied to surfaces subjected to extreme wear or corrosion. Warehouses, chemical plants, and production floors are typical applications-resin Type, Floor Material, End-User Industry, and Geography segment of the market. By Resin Type, the market is segmented into epoxy, polyaspartics, acrylic, polyurethane, and other resin types (polyester, vinyl ester). By Floor Material, the market is segmented into wood, concrete, and other floor materials. By End-User Industry segments the market into Industrial, Decorative, and Car Parks. The report offers market size and forecasts for revenue (USD million) for all the above details.

Resin Type
Epoxy
Acrylic
Alkyd
Polyurethane
Polyaspartics
Other Resin Type
Floor Material
Wood
Concrete
Other Floor Materials
End-User Industry
Industrial
Decorative
Car Parks
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United States Floor Coatings Market Size Summary

The United States Floor Coatings market is poised for steady growth, driven by the robust construction industry and increasing demand for protective coatings in industrial, commercial, and residential sectors. The market has rebounded to pre-pandemic levels and is expected to continue expanding, despite challenges such as strict VOC regulations. The industrial segment remains a dominant end-user, with significant contributions from the chemical manufacturing sector, which is supported by major companies like Dow, DuPont, and PPG Industries. Investments in chemical plants by firms such as BASF SE are anticipated to further boost demand for floor coatings. Additionally, the food and beverage industry's growth, particularly in areas like bakery production and e-commerce, is expected to drive market expansion.

Water-borne technology is emerging as the fastest-growing segment within the floor coatings market, favored for its eco-friendly properties and superior performance characteristics, such as low VOC content, durability, and ease of application. This technology is particularly gaining traction in the industrial segment, supported by substantial investments in construction and renovation projects across the United States. The market is characterized by a partial consolidation, with key players including SIKA AG, The Sherwin-Williams Company, and PPG Industries Inc. Recent mergers and product launches, such as TSR's merger with Ninja Coatings and the introduction of WearCoat 2055 by Coatings for Industry, Inc., highlight the dynamic nature of the market.

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United States Floor Coatings Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

      1. 1.1.1 Increasing Construction Activities

      2. 1.1.2 Other Drivers

    2. 1.2 Market Restraints

      1. 1.2.1 Strict Regulations on VOCs Released for Floor Coatings

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porters Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Resin Type

      1. 2.1.1 Epoxy

      2. 2.1.2 Acrylic

      3. 2.1.3 Alkyd

      4. 2.1.4 Polyurethane

      5. 2.1.5 Polyaspartics

      6. 2.1.6 Other Resin Type

    2. 2.2 Floor Material

      1. 2.2.1 Wood

      2. 2.2.2 Concrete

      3. 2.2.3 Other Floor Materials

    3. 2.3 End-User Industry

      1. 2.3.1 Industrial

      2. 2.3.2 Decorative

      3. 2.3.3 Car Parks

United States Floor Coatings Market Size FAQs

The United States Floor Coatings Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

The Sherwin-Williams Company, PPG Industries Inc, RPM International Inc, Akzo Nobel N.V. and Sika AG are the major companies operating in the United States Floor Coatings Market.

United States Floor Coatings Report Snapshots

United States Floor Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)