China Resinous Flooring Market Size & Outlook, 2023-2030
China resinous flooring market, 2018-2030 (US$M)
Related Markets
China resinous flooring market highlights
- The China resinous flooring market generated a revenue of USD 1,047.4 million in 2023 and is expected to reach USD 1,655.6 million by 2030.
- The China market is expected to grow at a CAGR of 6.8% from 2024 to 2030.
- In terms of segment, epoxy was the largest revenue generating resin type in 2023.
- Epoxy is the most lucrative resin type segment registering the fastest growth during the forecast period.
Resinous flooring market data book summary
| Market revenue in 2023 | USD 1,047.4 million |
| Market revenue in 2030 | USD 1,655.6 million |
| Growth rate | 6.8% (CAGR from 2023 to 2030) |
| Largest segment | Epoxy |
| Fastest growing segment | Epoxy |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Epoxy, Polymethyl Methacrylate, Polyurethane |
| Key market players worldwide | RPM International Inc, Tri Polarcon, ArmorPoxy, Sika AG, Resdev, RCR Industrial Flooring, Jemkon, Flowcrete Group |
Other key industry trends
- In terms of revenue, China accounted for 20.5% of the global resinous flooring market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China resinous flooring market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 201.6 million by 2030.
Epoxy was the largest segment with a revenue share of 43.65% in 2023. Horizon Databook has segmented the China resinous flooring market based on epoxy, polymethyl methacrylate, polyurethane covering the revenue growth of each sub-segment from 2018 to 2030.
In 2023, the construction market in China was the largest in Asia Pacific, owing to the developed industrial sector, coupled with rising demand for residential and commercial buildings in the country. Population expansion has been a major factor contributing to the growth of construction of living spaces and other commercial facilities in the country.
According to the International Monetary Fund (IMF), the demand for new housing in China is estimated to drop by around 50% over the next decade, due to a decline in new urban households and a large inventory of unfinished or vacant properties.
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Resinous Flooring Market Scope
Resinous Flooring Market Companies
| Name | Profile | # Employees | HQ | Website |
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China resinous flooring market size, by resin type, 2018-2030 (US$M)
China Resinous Flooring Market Share, 2023 & 2030 (US$M)
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