India Floor Coatings Market: Global Applications Analysis and Forecast (2023-2029)

India Floor Coatings Market size was valued at USD 9.50 Bn. in 2022 and the total Floor Coatings revenue is expected to grow by 5.6% from 2023 to 2029, reaching nearly USD 13.91 Bn.

India Floor Coatings Market Overview:

Floor Coatings are used in various applications they offer anti-static, waterproof, and anti-vibration properties. They also provide a better finish to floors and concrete. Floor coatings can be applied in houses, hotels, offices, and warehouses. Floor coatings are known to promote the floor conditions and protect them from weather conditions, and wear and tear. Floor paints and coatings are an essential part of any house renovation or construction project. These are applied on surfaces with heavy wear and corrosion such as warehouses, chemical plants, and manufacturing floors. Floor coatings enhance safety and the Antiskid or non-slip epoxy floor paint helps minimize injury resulting from falls and slips. The rise in the usage of epoxy, polyurethane, and polyaspartic in concrete is a key factor that is expected to boost the global India floor coatings market during the forecast period. These coatings also offer different options related to styles and colors, thus increasing their adoption in houses, hotels, offices, and warehouses. The use of the India floor coatings market helps in the reduction of cracking of concrete and maintenance costs. The use of floor coatings helps clean the floors easily and makes manufacturing units, factories, and offices attractive delivering a lustrous appearance on the floor. They are used across educational institutes, restaurants, aviation & transportation, medical & healthcare facilities, and commercial retail stores. The India floor coatings market is expected to be driven by its increasing use in the construction industry d the surging demand for concrete floor coatings in the constriction sector, floor coatings are widely used for anus applications due to their durability, functionality, and aesthetic appeal. While Concrete floor coatings are widely used for a variety of purposes due to their ability to enhance the functionality, durability, and appearance of concrete floors the surging product launches by market players coupled with government support are expected to create an opportunity for the market to flourish during the forecast period.India Floor Coatings MarketTo know about the Research Methodology :- Request Free Sample Report

India Floor Coatings Market Dynamics:

India Floor Coatings Market Drivers: The Rise in Commercial and Residential Construction Projects has Led to the Growth of the Floor Coating Market Floor coatings are used in residential and commercial projects to increase the durability of concrete floors with epoxy coatings. Epoxy, polyurethane, and acrylic coating on concrete floors enable them to withstand a considerable amount of static and dynamic loads. Floor coatings also prevent wear and tear on the surface of these floors. As floor coatings are resistant to cleansers, oils, chlorides, water, snow, ice, hail, transmission fluids, and bleaches, they are increasingly being used to overlay the floors of parking spaces, garages, and car showrooms. Besides their applications in coating parking deck floors, they are also used in residential construction projects to produce decorative seamless floors. They are used to enhance the aesthetics of floors in houses. These factors are influencing the market for floor coatings. According to Asian Development Bank, Asia is estimated to invest $8-9 trillion in infrastructure development between 2010 and 2020 to maintain its economy. The heavy investment in the building & construction industry due to the global economic development and rise in population in both developed and developing countries is projected to fuel the floor coatings market. India Floor Coatings Market Restraints: Improper Surface Preparation May Hamper the Floor Coatings Market As the coating breaks from the concrete base, the subsequent coating loss leads to flaking, cracking, and bubbling. This will not only limit the coating's capability to shield the concrete, which contributes to corrosion, but this will also make the surface unattractive and can create health and safety concerns. The failure reasons for floor coatings include 80% improper surface preparation, 15% application issue, and 5% material used. One of the most common causes of coating failures is the moisture content of concrete substrates. A big issue is the moisture transfer mechanism in which water vapor rises to the surface of the concrete due to increases in atmospheric temperature and humidity. The surface must be polished and roughened by procedures such as diamond grinding or sand-blasting to eliminate any pollutants such as oils, debris, or loose materials that can impair adhesion. To ensure an effective floor coating implementation, multiple coatings need varying degrees of thickness and application techniques. The physical properties of the coatings are weakened when a coating is applied below the minimum necessary thickness, rendering the coating extremely vulnerable to cracking and degradation. Epoxy coatings come in structures of one or two sections that need to be combined in the required ratio or can result in a wide variety of defects. These may include impaired longevity and weight resistance as well as complete coating loss in extreme circumstances. India Floor Coatings Market Challenge: Raw Material Prices in the Market The high cost of raw materials and the implementation of stringent government regulations on the usage of these coatings in the food industry are hampering the global industrial floor coating market. The floor coatings industry has been affected because of the gradually increasing prices of raw materials. The commodities are very important for paint and coating manufacturers as more than fifty percent of operating costs are allotted to raw materials. The rise in commodity prices increases the cost of finished products, which severely affects market growth. Basic chemicals such as solvents, monomers, acrylic monomers, resins, and other raw materials have also been strongly affected.

India Floor Coatings Market Segment Analysis:

Based on Type, The Epoxy segment dominated the India floor coatings market in the year 2022 and is expected to continue its dominance during the forecast period. The epoxy segment held the largest revenue share of 51% in the floor coatings market in 2019. The epoxy surface coatings are widely used on concrete floors in several industrial and commercial applications such as warehouses, commercial & retail stores, showrooms, garages, hospitals, manufacturing plants, airplane hangars, and others. These coatings provide decorative and high-gloss finish and are available in a variety of colors. For decoration purposes, epoxy floor coatings are applied on terrazzo flooring, chip flooring, and colored aggregate flooring. The coatings offer an easy-to-clean and chemically-resistant flooring solution and can be directly applied over old and new concrete floors. India Floor Coatings Market Based on the Flooring Material, The Concrete segment dominated the India floor coatings market in the year 2022 and is expected to continue its dominance during the forecast period. The concrete segment accounted for the largest share of 69% in the floor coatings market in 2019. Concrete floor coatings find application in various systems that are used to cover a bare concrete surface to enhance its appearance. There is a set of defined color codes and regulations for concrete floor coating applications in several industries. There are different types of coatings for different applications like a concrete sealer, which requires the least amount of work before applying the sealer. Sealers are used to protect concrete surfaces from food stains and chemical spillage as well as for the ease of cleaning. India Floor Coatings Market Based on the Application, The Residential segment dominated the India floor coatings market in the year 2022 and is expected to continue its dominance during the forecast period. The residential segment held the largest share in the floor coatings market in 2019 growing at a CAGR of 5.8% during the forecast period. Epoxies create that glossy seamless finish that can make the living areas of a home such as the living room, bedrooms, and kitchen look very impressive. Epoxy floor coatings act as a microbial barrier that doesn’t hold bacteria. With proper cleaning and maintenance, these coatings provide an excellent surfacing option for a steam bath. Epoxy resin coatings can alleviate many of these problems. Epoxy seals the floor against moisture, preventing water from seeping into the flooring and causing damage. It also creates a barrier that is resistant to mildew. But epoxy floors in homes also come with various problems both during the installation and maintenance process.

India Floor Coatings Market Regional Insights:

Asia-Pacific region dominated the India floor coating market in the year 2022 and is expected to continue its dominance during the forecast period. The Asia Pacific coatings market was valued at USD 1,136.4 million in 2019, with demand expected to rise due to increasing construction activities in developing economies. Government initiatives to support infrastructure and construction activities are also expected to boost the market. India had the major market share in terms of value and volume in 2019. Lower labor costs in the Asia Pacific are attracting companies to set up manufacturing facilities in countries such as India. In Asia Pacific, consumer awareness of green building strategies is expected to drive the market. Manufacturers and government regulations are also supporting regional market growth. India’s floor coatings market share is growing due to increasing demand from the construction and industrial sectors. Rising disposable incomes of consumers in the region are leading to increased spending on home interiors. Demand for coatings is also driven by commercial and industrial development, the establishment of new manufacturing facilities, and the need for shiny, smooth, and high-gloss finish floors. These factors are enhancing the aesthetic value of rooms and favor the market.

India Floor Coatings Market Scope: Inquire Before Buying

India Floor Coatings Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 9.50 Bn.
Forecast Period 2023 to 2029 CAGR: 5.6% Market Size in 2029: US $ 13.91 Bn.
Segments Covered: by Type Epoxy Polyurethane Acrylics Polymethyl Methacrylate (PMMA) Others
by Flooring Material Wood Concrete Mortar Terrazzo Others
by Application Commercial Buildings Institutional Buildings Infrastructure Residential Industrial Others

India Floor Coatings Market Key Players


Frequently Asked Questions:

1] What segments are covered in the India Floor Coatings Market report? Ans. The segments covered in the India Floor Coatings Market report are based on Type, Flooring Material, and Application. 2] Which Region is expected to hold the highest share in the India Floor Coatings Market? Ans. The Asia-Pacific Region is expected to hold the highest share of the India Floor Coatings Market. 3] What is the market size of the India Floor Coatings Market by 2029? Ans. The market size of the India Floor Coatings Market by 2029 is expected to reach US$ 13.91 Bn. 4] What is the forecast period for the India Floor Coatings Market? Ans. The forecast period for the India Floor Coatings Market is 2023-2029. 5] What was the market size of the India Floor Coatings Market in 2022? Ans. The market size of the India Floor Coatings Market in 2022 was valued at US$ 9.50 Bn.
1. India Floor Coatings Market: Research Methodology 2. India Floor Coatings Market: Executive Summary 3. India Floor Coatings Market: Competitive Landscape 3.1. MMR Competition Matrix 3.2. Competitive Landscape 3.3. Key Players Benchmarking 3.4. Market Structure 3.4.1. Market Leaders 3.4.2. Market Followers 3.4.3. Emerging Players 3.5. Consolidation of the Market 4. India Floor Coatings Market: Dynamics 4.1. Market Trends by Country 4.1.1. India 4.2. Market Drivers by Country 4.2.1. India 4.3. Market Restraints 4.4. Market Opportunities 4.5. Market Challenges 4.6. PORTER’s Five Forces Analysis 4.7. PESTLE Analysis 4.8. Value Chain Analysis 4.9. Regulatory Landscape by Country 4.9.1. India 5. India Floor Coatings Market Size and Forecast by Segments (by Value USD and Volume Units) 5.1. India Floor Coatings Market Size and Forecast, by Type (2022-2029) 5.1.1. Epoxy 5.1.2. Polyurethane 5.1.3. Acrylics 5.1.4. Polymethyl Methacrylate (PMMA) 5.1.5. Others 5.2. India Floor Coatings Market Size and Forecast, by Flooring Material (2022-2029) 5.2.1. Wood 5.2.2. Concrete 5.2.3. Mortar 5.2.4. Terrazzo 5.2.5. Others 5.3. India Floor Coatings Market Size and Forecast, by Application (2022-2029) 5.3.1. Commercial Buildings, 5.3.2. Institutional Buildings, 5.3.3. Infrastructure, 5.3.4. Residential, 5.3.5. Industrial 5.3.6. Others 5.4. India Floor Coatings Market Size and Forecast, by States(2022-2029) 5.4.1. Uttar Pradesh 5.4.2. Maharashtra 5.4.3. Gujarat 5.4.4. Delhi 5.4.5. Karnataka 5.4.6. Bihar 5.4.7. Tamil Nadu 5.4.8. Rest of India 6. Company Profile: Key players 6.1. FLOWCRETE INDIA PVT. LTD 6.1.1. Company Overview 6.1.2. Financial Overview 6.1.3. Business Portfolio 6.1.4. SWOT Analysis 6.1.5. Business Strategy 6.1.6. Recent Developments 6.2. DOWDUPONT 6.3. 3M 6.4. AKZO NOBEL N.V 6.5. ASIAN PAINTS LTD 6.6. INDIGO PAINTS 6.7. SIKA INDUSTRIES LTD 6.8. KANSAI NEROLAC PAINTS LIMITED 6.9. BERGER PAINTS INDIA LIMITED 6.10. ARKEMA S.A 6.11. Steward Advanced Floors Inc 6.12. Akzo Nobel NV 6.13. ARKEMA S.A 6.14. DUPONT 6.15. FLOWCRETE INDIA PVT LTD 6.16. Jemkon Pvt. Ltd 7. Key Findings 8. Industry Recommendation