Market revenue in 2023 | USD 269.2 million |
Market revenue in 2030 | USD 386.7 million |
Growth rate | 5.3% (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 |
Epoxy was the largest segment with a revenue share of 43.39% in 2023. Horizon Databook has segmented the Germany resinous flooring market based on epoxy, polymethyl methacrylate, polyurethane covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for resinous flooring in Germany is expected to grow at a significant rate over the forecast period on account of the recovery of the construction sector. According to Eurostat, the statistical office of the European Union.
The construction sector of Germany witnessed growth by 0.5% in December 2023 as compared to December 2022. Additionally, in 2023, the government of Germany planned to introduce a 14-point plan to aid in the recovery of the construction industry.
The government plans to invest a total of USD 19.48 billion by 2027 to develop infrastructure and the home-building sector in the next five years. This is further expected to fuel the construction sector, which, in turn, is expected to propel the demand for resinous flooring in the country.
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