The Asia Pacific Floor Coatings Market would witness market growth of 6.3% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 369.12 thousand units, showcasing a growth of 5.2% (2019-2022).
In commercial settings like retail stores, offices, and shopping malls, it contributes to the overall aesthetics of the space while providing a durable and easy-to-maintain surface. Decorative epoxy coatings often create visually appealing floors with customizable patterns, logos, and colors.
Additionally, the seamless nature of these coatings eliminates joints, reducing the accumulation of dirt and facilitating easier cleaning. Healthcare environments demand flooring solutions that meet stringent hygiene standards and provide a safe surface for patients and staff.
According to the report titled Cities as Engines of Growth, published in 2022 by the Government of India, the population of urban areas in India is projected to have increased approximately fourfold, from 109 million in 1970 to 460 million in 2018. The country is projected to experience an additional 416 million inhabitants in its urban areas by 2050, resulting in a 50 percent urban population share. It is already the second-largest urban community.
The Double Component market dominated the Asia Pacific Floor Coatings Market by Component in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,240.2 million by 2030. The Single Component market is registering a CAGR of 6.7% during (2023 - 2030). Additionally, The Triple Component market would showcase a CAGR of 7.3% during (2023 - 2030).
Free Valuable Insights: The Global Floor Coatings Market is Predict to reach $ 5 Billion by 2030, at a CAGR of 5.9%
Based on End-User, the market is segmented into Industrial, Residential and Commercial. Based on Application, the market is segmented into Concrete, Wood, Terrazzo, and Others. Based on Product, the market is segmented into Epoxy, Polyurethane, Polyaspartic, Acrylic and Methyl Methacrylate. Based on Component, the market is segmented into Double Component, Single Component, Triple Component, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By End-User (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Product (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Component (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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