North America Floor Coatings Market Research Report Forecast till 2027

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The North America floor coatings market is expected to witness significant market expansion at a CAGR of 6.8% to surpass USD 883.16 million by the end of 2027.

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North America Floor Coatings Market Forecast till 2027

Market Overview
The North America floor coatings market is expected to witness significant market expansion at a CAGR of 6.8% to surpass USD 883.16 million by the end of 2027. Floor coatings are used in applications of heavy surface wear or corrosion as they are tough, protective layers.

The end-use areas include residential, commercial, and industrial applications. Some of the major application areas in industrial and commercial floor coatings include pharmaceutical manufacturing, research and laboratory facilities, hospitals and medical offices, food manufacturing and bottling facilities, restaurants and breweries, and warehousing and distribution facilities.

The North America Floor Coatings Market growth is attributed to the rising demand for floor coatings for residential, commercial, and industrial constructions is the primary factor that is expected to boost the growth of the North America floor coatings market. The market expansion is propelled by the growing construction industry in North America with an increasingly urban population.

Furthermore, the increasing demand for environmentally friendly coatings, such as water-borne coatings and UV cure technology coatings, is enhancing an opportunity for the manufacturers in the market. Additionally, an increase in mergers and acquisitions by prominent manufacturers is expected to provide many growth opportunities for the market players during the forecast period. However, the stringent government regulations towards floor coatings in the region may restrain the North America floor coatings market expansion during the forecast period.

Market Segmentation
In this report, the North America floor coatings market has been categorized by technology, product type, component, application, end-use, and country.

Based on technology, the market has been divided into water-borne, solvent-borne, and others. The water-borne segment accounted for the largest share of 55.3% in 2019 owing to an increase in demand for low-VOC coatings and environmentally friendly coatings.

By product type, the market has been classified into epoxy, polyurethane, acrylic, cement, polyaspartic, and others. In terms of the component segment, the market has been divided into one component, two-component, three-component, and others. Based on application, the market has been divided into concrete, wood, terrazzo, and others. By end-use, the North America floor coatings market has been classified into residential, commercial, and industrial. The industrial segment dominated the market with a share of 41.9% by value in 2019 owing to increased consumption of floor coatings in the processing industries.

Regional Analysis
Based on region North America Floor Coatings Market has been divided into the US and Canada.

The US is expected to lead the market owing to the largest share of 88.5% in 2019. The regional market growth is anticipated by the growing industrialization and commercialization in the country. The market is expected to register a CAGR of 6.8% to record USD 787.40 million by the end of 2027.

Major Players
The key market competitors of the North America Floor Coatings Market include 3M, PPG Industries, Akzo Nobel, The Sherwin Williams, and DSM.

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Table of Contents

TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
1.1.1 NORTH AMERICA FLOOR COATINGS MARKET, BY TECHNOLOGY
1.1.2 NORTH AMERICA FLOOR COATINGS MARKET, BY PRODUCT TYPE
1.1.3 NORTH AMERICA FLOOR COATINGS MARKET, BY COMPONENT
1.1.4 NORTH AMERICA FLOOR COATINGS MARKET, BY APPLICATION
1.1.5 NORTH AMERICA FLOOR COATINGS MARKET, BY END-USE
1.1.6 NORTH AMERICA FLOOR COATINGS MARKET, BY COUNTRY
2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 TOP-DOWN AND BOTTOM-UP APPROACH
3.6 FORECAST MODEL
3.7 LIST OF ASSUMPTIONS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVERS
4.2.1 GROWTH OF THE CONSTRUCTION INDUSTRY
4.2.2 GROWING DEMAND FOR CONCRETE FLOORING
4.2.3 DRIVERS IMPACT ANALYSIS
4.3 RESTRAINT
4.3.1 STRINGENT REGULATIONS
4.3.2 RESTRAINT IMPACT ANALYSIS
4.4 OPPORTUNITIES
4.4.1 INCREASING DEMAND FOR ENVIRONMENT-FRIENDLY FLOOR COATINGS
4.4.2 MERGERS AND ACQUISITIONS CREATE GROWTH OPPORTUNITIES
4.5 TRENDS
5 MARKET FACTOR ANALYSIS
5.1.1 RAW MATERIAL SUPPLIERS
5.1.2 PRODUCERS
5.1.3 DISTRIBUTION CHANNEL
5.1.4 END USE
5.2 PORTER’S FIVE FORCES MODEL
5.2.1 THREAT OF NEW ENTRANTS
5.2.2 RIVALRY
5.2.3 THREAT OF SUBSTITUTES
5.2.4 BARGAINING POWER OF SUPPLIERS
5.2.5 BARGAINING POWER OF BUYERS
5.3 PRICING ANALYSIS (USD/TON)
5.4 IMPACT OF COVID 19 OUTBREAK ON THE NORTH AMERICA FLOOR COATINGS MARKET
5.4.1 OVERVIEW OF SUPPLY AND DEMAND SCENARIO
5.4.2 IMPACT ON SUPPLY CHAIN
5.4.2.1 RAW MATERIAL SUPPLY
5.4.2.2 IMPACT ON MANUFACTURERS
5.4.2.3 IMPACT ON SALES & DISTRIBUTION
5.4.2.4 IMPACT ON END-USE INDUSTRY
5.4.3 MAJOR GOVERNMENT POLICIES TO COUNTER IMPACT OF COVID-19
6 NORTH AMERICA FLOOR COATINGS MARKET, BY TECHNOLOGY
6.1 INTRODUCTION
6.2 WATER-BORNE
6.3 SOLVENT-BORNE
6.4 OTHERS
7 NORTH AMERICA FLOOR COATINGS MARKET, BY PRODUCT TYPE
7.1 INTRODUCTION
7.2 EPOXY
7.3 POLYURETHANE
7.4 ACRYLIC
7.5 CEMENT
7.6 POLYASPARTIC
7.7 OTHERS
8 NORTH AMERICA FLOOR COATINGS MARKET, BY COMPONENT
8.1 INTRODUCTION
8.2 ONE-COMPONENT
8.3 TWO-COMPONENT
8.4 THREE-COMPONENT
8.5 OTHERS
9 NORTH AMERICA FLOOR COATINGS MARKET, BY APPLICATION
9.1 INTRODUCTION
9.2 CONCRETE
9.3 WOOD
9.4 TERRAZZO
9.5 OTHERS
10 NORTH AMERICA FLOOR COATINGS MARKET, BY END USE
10.1 INTRODUCTION
10.2 RESIDENTIAL
10.3 COMMERCIAL
10.4 INDUSTRIAL
11 NORTH AMERICA FLOOR COATINGS MARKET, BY COUNTRY
11.1 INTRODUCTION
11.2 US
11.3 CANADA
12 COMPETITIVE LANDSCAPE
12.1 INTRODUCTION
12.2 MARKET STRATEGY ANALYSIS
12.3 KEY DEVELOPMENTS & GROWTH STRATEGIES
12.4 COMPETITIVE BENCHMARKING
13 COMPANY PROFILES
13.1 3M
13.1.1 COMPANY OVERVIEW
13.1.2 FINANCIAL OVERVIEW
13.1.3 PRODUCTS OFFERED
13.1.4 KEY DEVELOPMENTS
13.1.5 SWOT ANALYSIS
13.1.6 KEY STRATEGIES
13.2 AKZO NOBEL N.V.
13.2.1 COMPANY OVERVIEW
13.2.2 FINANCIAL OVERVIEW
13.2.3 PRODUCTS OFFERED
13.2.4 KEY DEVELOPMENTS
13.2.5 SWOT ANALYSIS
13.2.6 KEY STRATEGIES
13.3 PPG INDUSTRIES, INC.
13.3.1 COMPANY OVERVIEW
13.3.2 FINANCIAL OVERVIEW
13.3.3 PRODUCTS OFFERED
13.3.4 KEY DEVELOPMENTS
13.3.5 SWOT ANALYSIS
13.3.6 KEY STRATEGIES
13.4 THE SHERWIN-WILLIAMS COMPANY
13.4.1 COMPANY OVERVIEW
13.4.2 FINANCIAL OVERVIEW
13.4.3 PRODUCTS OFFERED
13.4.4 KEY DEVELOPMENT
13.4.5 SWOT ANALYSIS
13.4.6 KEY STRATEGIES
13.5 MBCC GROUP
13.5.1 COMPANY OVERVIEW
13.5.2 FINANCIAL OVERVIEW
13.5.3 PRODUCTS OFFERED
13.5.4 KEY DEVELOPMENTS
13.5.5 SWOT ANALYSIS
13.5.6 KEY STRATEGIES
13.6 DOW
13.6.1 COMPANY OVERVIEW
13.6.2 FINANCIAL OVERVIEW
13.6.3 PRODUCTS OFFERED
13.6.4 KEY DEVELOPMENT
13.6.5 SWOT ANALYSIS
13.6.6 KEY STRATEGIES
13.7 FLOROCK
13.7.1 COMPANY OVERVIEW
13.7.2 FINANCIAL OVERVIEW
13.7.3 PRODUCTS OFFERED
13.7.4 KEY DEVELOPMENTS
13.7.5 SWOT ANALYSIS
13.7.6 KEY STRATEGIES
13.8 ASIAN PAINTS PPG PVT. LIMITED
13.8.1 COMPANY OVERVIEW
13.8.2 FINANCIAL OVERVIEW
13.8.3 PRODUCTS OFFERED
13.8.4 KEY DEVELOPMENTS
13.8.5 SWOT ANALYSIS
13.8.6 KEY STRATEGIES
13.9 AXALTA COATING SYSTEMS LTD
13.9.1 COMPANY OVERVIEW
13.9.2 FINANCIAL OVERVIEW
13.9.3 PRODUCTS OFFERED
13.9.4 KEY DEVELOPMENTS
13.9.5 SWOT ANALYSIS
13.9.6 KEY STRATEGIES
13.10 DSM
13.10.1 COMPANY OVERVIEW
13.10.2 FINANCIAL OVERVIEW
13.10.3 PRODUCTS OFFERED
13.10.4 KEY DEVELOPMENTS
13.10.5 SWOT ANALYSIS
13.10.6 KEY STRATEGIES
13.11 RPM INTERNATIONAL INC
13.11.1 COMPANY OVERVIEW
13.11.2 FINANCIAL OVERVIEW
13.11.3 PRODUCTS OFFERED
13.11.4 KEY DEVELOPMENTS
13.11.5 SWOT ANALYSIS
13.11.6 KEY STRATEGIES
13.12 THE LUBRIZOL CORPORATION
13.12.1 COMPANY OVERVIEW
13.12.2 FINANCIAL OVERVIEW
13.12.3 PRODUCTS OFFERED
13.12.4 KEY DEVELOPMENT
13.12.5 SWOT ANALYSIS
13.12.6 KEY STRATEGIES
14 APPENDIX
14.1 REFERENCES
14.2 RELATED REPORTS

Companies Mentioned

3M, PPG Industries, Akzo Nobel, The Sherwin Williams, and DSM

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