Floor Paint Market Scope
Floor paints are designed to be suitable for use in painting floors to meet the different types of exposure and performance requirements, of the different types of areas, within the different types of factory production and process areas, warehouses and storage areas, workshops, showrooms and retail areas etc. These paints are used to dustproof, seal, protect and enhance the wear resistance, durability and appearance of the floor. Recently, Sherwin-Williams Protective & Marine Coatings has launched new water-based floor coatings offering no hot-tire pickup and improved hot-tire staining resistance.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Asian Paints ltd. (India), Akzo Nobel N.V. (Netherlands), Kansai Nerolac Paints Limited (India), Nippon Paint Holdings Co., Ltd (Japan), Sherwin-Williams Company (United States), RPM International Inc. (United States), NIPSEA Group (Singapore), Axalta Coating Systems (United States), DAW SE (Germany) and BASF Corporation (Germany) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Floor Paint market throughout the predicted period.
Asian Paints ltd. (India), Akzo Nobel N.V. (Netherlands), Kansai Nerolac Paints Limited (India), Nippon Paint Holdings Co., Ltd (Japan), Sherwin-Williams Company (United States), RPM International Inc. (United States), NIPSEA Group (Singapore), Axalta Coating Systems (United States), DAW SE (Germany) and BASF Corporation (Germany) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Floor Paint market by Type (Epoxy, Polyurethane, Acrylic and Others), by Application (Residential, Commercial and Industrial) and Region with country level break-up.
On the basis of geography, the market of Floor Paint has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2021.
Market Leaders and their expansionary development strategies
On 4 April 2022, Asian Paints Ltd on announced that it will acquire a stake in two companies - White Teak and Weatherseal Fenestration to strengthen its presence in the fast-growing home improvement and decor segment.
Market Trend
- High Demand for Floor Paints with Improved Features
Opportunities
- Growing Paint Industry Worldwide
- Increasing Construction Activities in the Developing Countries
Restraints
- Fluctuations in the Raw Material Prices
Challenges
- Availability of Substitutes in the Market
Key Target Audience
Floor Pain Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user