DUBLIN — According to a new study from Research and Markets, the market for floor coatings is expected to grow at a compound annual growth rate of 6.15% during the forecast period of 2019–2024. According to the report, one of the major factors driving the market is the number of increasing housing construction activities in the emerging economies of Asia-Pacific. There are strict regulations on VOCs released for floor coatings.
The demand for floor coatings from industrial coatings dominated the market in 2017 and is expected to grow during the forecast period, owing to the increasing demand from the chemical industry. The promising performance of polyaspartic coatings is likely to act as an opportunity in the future. Asia-Pacific dominated the market across the globe, with the largest consumption from China and India.