Floor Coatings Market Share, CAGR Status, Growth Opportunities and Forecast 2027
Ngày đăng: 08-03-2023 |
Ngày cập nhật: 08-03-2023
According to Fortune Business Insights™, the global floor coatings market size is projected to reach USD 4,734.9 million by 2027, exhibiting a CAGR of 7.8% during the forecast period. Rising preference for sustainable flooring solutions will be a central factor driving the growth of this market, as shares in its report.
Source: https://www.fortunebusinessinsights.com/floor-coatings-market-102341
As per the report, the global market value stood at USD 2,687.7 million in 2019. The report also provides the following:
Governmental Support to Construction Projects to Propel the Asia Pacific Market
At USD 1,136.4 million, Asia Pacific dominated the floor coatings market share in 2019 on account of the strong support from the governments in the region to construction activities and infrastructural development. The policies are particularly geared towards promoting and building sustainable urban infrastructures since urban populations in countries such as India and China are rapidly expanding.
The market in North America is slated to experience stable growth on account of the widespread presence of globally-recognized flooring manufacturers in the region. Moreover, advanced floor coatings are being speedily adopted by manufacturing plants across the US and Canada to ensure the safety of workers in these spaces. In Europe, on the other hand, the high purchasing power of consumers is encouraging the adoption of more sophisticated and premium flooring solutions, which is creating numerous opportunities for market players in the region.
Inquire Before Buying This Report:
https://www.fortunebusinessinsights.com/enquiry/queries/floor-coatings-market-102341
Competitive Landscape
Strategic Product Releases & Acquisitions to Energize Market Competition
Key players in this market are developing and strategically launching products to expand their footprint in the floor coatings domain. In addition, to further strengthen their market position and gain a tactical edge, companies are increasingly entering into agreements to acquire fellow competitors.
Source: https://www.fortunebusinessinsights.com/floor-coatings-market-102341
As per the report, the global market value stood at USD 2,687.7 million in 2019. The report also provides the following:
- A comprehensive evaluation of the various market drivers and trends;
- Granular analysis of the challenges facing the market;
- Careful segmentation of the market; and
- In-depth study of the competitive milieu and regional prospects of the market.
Governmental Support to Construction Projects to Propel the Asia Pacific Market
At USD 1,136.4 million, Asia Pacific dominated the floor coatings market share in 2019 on account of the strong support from the governments in the region to construction activities and infrastructural development. The policies are particularly geared towards promoting and building sustainable urban infrastructures since urban populations in countries such as India and China are rapidly expanding.
The market in North America is slated to experience stable growth on account of the widespread presence of globally-recognized flooring manufacturers in the region. Moreover, advanced floor coatings are being speedily adopted by manufacturing plants across the US and Canada to ensure the safety of workers in these spaces. In Europe, on the other hand, the high purchasing power of consumers is encouraging the adoption of more sophisticated and premium flooring solutions, which is creating numerous opportunities for market players in the region.
Inquire Before Buying This Report:
https://www.fortunebusinessinsights.com/enquiry/queries/floor-coatings-market-102341
Competitive Landscape
Strategic Product Releases & Acquisitions to Energize Market Competition
Key players in this market are developing and strategically launching products to expand their footprint in the floor coatings domain. In addition, to further strengthen their market position and gain a tactical edge, companies are increasingly entering into agreements to acquire fellow competitors.
