The North America floor coating market is accounted to US$ 493.7 Mn in 2018 and is predicted to grow at a CAGR of 7.8% during the forecast period 2019 – 2027, to account for US$ 965.6 Mn by 2027.
Type Insights
The North American floor coating market, with epoxy dominating in 2018, is diverse, encompassing epoxy, polyurethane, acrylics, PMMA, and other specialized coatings. Epoxy’s enduring popularity stems from its ability to create a high-gloss, exceptionally durable surface ideal for demanding industrial environments. This coating significantly enhances interior brightness and withstands heavy traffic, crucial for warehouses and manufacturing plants. Polyurethane coatings are gaining traction due to their flexibility and UV resistance, making them suitable for outdoor applications like parking decks and sports facilities. Acrylic coatings, known for their rapid drying times and aesthetic versatility, are favored in residential and commercial spaces, offering a cost-effective solution with diverse color options. PMMA coatings excel in projects requiring rapid turnaround times, such as retail and healthcare facilities, minimizing operational disruptions.
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Formulation Insights
Water-based floor coatings, characterized by their low VOC content, have emerged as the market leader, driven by stringent environmental regulations and growing sustainability concerns. This shift reflects a broader industry trend towards eco-friendly alternatives. While solvent-based coatings offer superior durability and chemical resistance, particularly in handling petroleum contaminants on concrete surfaces, their high VOC content poses environmental challenges. Consequently, the development of low-VOC solvent-based alternatives is a key research area, aiming to balance performance with environmental impact. Water-based epoxy systems are increasingly being formulated to match the performance of their solvent-based counterparts, expanding their application range. This innovation addresses environmental concerns while maintaining the desired durability and chemical resistance.
NORTH AMERICA FLOOR COATING MARKET SEGMENTATION
North America Floor Coating Market: By Type
- Epoxy
- Polyurethane
- Acrylics
- Polymethyl Methacrylate
- Others
North America Floor Coating Market: By Formulation
- Solvent-Based
- Water-Based
North America Floor Coating Market: By Coating Component
- 1k
- 2k
- 3k
North America Floor Coating Market: By Flooring Material
- Wood
- Concrete
- Mortar
- Terrazzo
- Others
North America Floor Coating Market: By Application
- Residential
- Commercial
- Industrial
North America Floor Coating Market: By Country
- US
- Canada
- Mexico
North America Floor Coating Market: Company Profiles
- Axalta Coating Systems Ltd
- Maris Polymers S.A.
- Michelman, Inc
- The Lubrizol Corporation
- The Sherwin-Williams Company
- PPG Industries, Inc
- 3M Company
- Sika AG
- Nippon Paint Holdings Co., Ltd.
- Rust Oleum
Historic Data: 2016-2017 | Base Year: 2018 | Forecast Period: 2019-2027
Analysis and Forecasts by Type (Epoxy, Polyurethane, Acrylics, Polymethyl Methacrylate, and Others); Formulation (Solvent-Based and Water-Based); Coating Component (1K, 2K, and 3K); Flooring Material (Wood, Concrete, Mortar, Terrazzo, and Others), Application (Residential, Commercial, and Industrial), and Countries
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