U.S. Concrete Floor Coatings Market Size Worth $474.02 Million By 2030

U.S. Concrete Floor Coatings Market Growth & Trends

The U.S. concrete floor coatings market size is anticipated to reach USD 472.3 million by 2030, registering a CAGR of 4.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. Increasing demand for green building in the country is expected to drive the market growth during the forecast period. Green buildings incorporate the use of eco-friendly and lightweight materials to maintain and improve the indoor air quality and efficiency of energy, water, and other resources. Since an ascending number of concrete floor coatings are being designed to be VOC-free and environment-friendly, their popularity is expected to increase during the forecast period and act as a driver for the overall U.S. concrete floor coatings market.

In addition, increasing spending on the commercial sector in the U.S. is further expected to fuel market growth during the forecast period. For instance, in March 2020, the U.S. government announced an investment worth USD 2.0 trillion as a part of the COVID-19 response for the development of infrastructure including hospital buildings, roads, and other infrastructure. Epoxy concrete floor coatings are expected to expand at a CAGR of more than 3.9% from 2021 to 2028. The high adoption rate of these types of coating in the flooring industry on account of providing excellent properties including improved durability and superior toughness is likely to have a significant impact in the next six years. These coatings are either water-based or solvent-based.

Epoxy floor coatings are widely preferred for garage application owing to their reasonable price, increased resilience to stains & tire marks, ability to cover minor imperfections such as flaws and spider cracks on the concrete, and ability to improve the floor appearance. As normal traffic on bare concrete can boost up the dust that has a tendency to further collect on storage items, cars, tool benches, and other items, the demand for anti-dusting products such as concrete floor coatings is increasing in the country.

Moreover, government initiatives to provide affordable housing units are expected to fuel the growth of the construction industry in the residential sector. This in turn is further expected to create demand for concrete floor coatings during the forecast period. For instance, the Mayor of Atlanta pledged to invest USD 1.0 billion to increase housing in order to construct and preserve 20,000 units of affordable housing within the city of Atlanta by 2026.

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U.S. Concrete Floor Coatings Market Report Highlights

• South division dominated the market in 2022 both in terms of revenue and volume

• Epoxy coating is the largest product segment with a market share of 40.4% in 2022. Properties such as toughness improved dimensional stability, and superior resistance to abrasion and UV light are propelling the product demand in residential, commercial, and industrial application

• The commercial segment is potentially fueling the market growth owing to its rising product demand from restaurants & breweries, supermarkets & retail stores, and educational institutions in addition to other commercial structures

• In September 2020, PPG Industries announced to launch of PPG Flooring coatings, which is a comprehensive line of coating systems that comprise prime coats, base coats, and topcoats. This coating line is designed to provide optimum performance based on the specific work environment i.e., general purpose, wear-resistant, chemical resistant, and urethane cement with additional customization options

U.S. Concrete Floor Coatings Market Segmentation

Grand View Research has segmented the U.S. concrete floor coatings market based on the product, application, end-user, and division:

U.S. Concrete Floor Coatings Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Epoxy

• Polyurethanes

• Polyaspartics

• Others

U.S. Concrete Floor Coatings Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Residential

  • Garages

  • Patios

  • Walkways

  • Basements

• Commercial

  • Restaurants & Breweries

  • Supermarkets and Retail Stores

  • Educational Institutions

  • Other Commercial

• Industrial

U.S. Concrete Floor Coatings End-user Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Do-It-Yourself (DIY)

• Professional

U.S. Concrete Floor Coatings Division Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Northeast

• Midwest

• South    

• West

U.S. Concrete Floor Product Outlook (Volume, Million Square Feet; Revenue, USD Million; 2018 - 2030)

•   Coated

  • Epoxy

  • Polyurethanes

  • Polyaspartics

  • Others

• Polished

U.S. Concrete Floor Application Outlook (Volume, Million Square Feet; Revenue, USD Million; 2018 - 2030)

• Residential

• Commercial

List of Key Players of the U.S. Concrete Floor Coatings Market

• The Sherwin-Williams Company

• North American Coating Company

• Henkel AG & Co. KGaA

• Tennant Coatings

• Axalta Coating Systems

• PPG Pittsburgh Paints

• Behr Paint Company

• EPMAR Corporation

• Cornerstone Coatings International, Inc.

• Sika Corporation