EMEAI Resin Floor Coatings Market

• RAPID INDUSTRIALIZATION AND URBANIZATION PROPELS RESIN COATING DEMAND IN INDIA

India's resin floor coatings market is witnessing substantial growth, primarily driven by rapid industrialization, urbanization, and expanding infrastructure investments. Several macroeconomic, demographic, and sector-specific factors are contributing to the burgeoning demand for resin floor coatings across various applications, including industrial, commercial, and residential spaces. This analysis consolidates the key drivers that are shaping the growth trajectory of the resin floor coatings market in India.

• Rapid Urbanization and Demographic Shifts

India is undergoing an unprecedented urban transformation. The urban population is projected to increase to 600 million by 2036, according to the World Bank. By 2036, 40% of India’s population is expected to reside in urban areas, up from 31% in 2011. This significant demographic shift is accelerating the demand for robust urban infrastructure, including durable flooring solutions. Resin floor coatings, known for their durability, low maintenance, and superior performance, are increasingly favored in high-traffic urban areas such as factories, warehouses, retail spaces, and public buildings.

The expansion of urban centers is accompanied by a shift in economic activities. Urban areas will contribute nearly 70% of India's GDP, underscoring the critical role cities play in driving economic growth. As India aspires to become a developed nation by 2047, the government is prioritizing investments in urban infrastructure to create climate-resilient, inclusive, and economically vibrant cities. Given that nearly 70% of the urban infrastructure needed by 2047 is yet to be built, there is a substantial opportunity for resin floor coatings in new construction and refurbishment projects.

• Growing Industrial Sector and Infrastructure Development

The manufacturing sector, a cornerstone of India's economic strategy, reported a 7.1% increase in output in 2023, according to the Ministry of Statistics and Programme Implementation (MoSPI). The sector's expansion is supported by government initiatives like the ‘Make in India’ program, which promotes domestic manufacturing and infrastructure development. These initiatives are driving the demand for high-performance flooring solutions, particularly in industrial settings where durability and low maintenance are paramount.

India's real estate market is poised for remarkable growth, with projections indicating that the sector will grow to Rs. 65,000 crore (US$ 9.30 billion) by 2040, up from Rs. 12,000 crore (US$ 1.72 billion) in 2019. The real estate sector, which includes retail, hospitality, and commercial spaces, is expected to reach US$ 1 trillion by 2030 and contribute 13% to GDP by 2025. This expansion presents a significant opportunity for resin floor coatings, especially in commercial and residential properties where aesthetics, performance, and longevity are critical factors.

EPOXY FLOOR COATINGS AS A DURABLE AND SAFE SOLUTION FOR INDUSTRIAL AND COMMERCIAL FLOORING

Industrial Floorings are a basic piece of workday profitability and safety. You might need to consider a different ground surface choice for your facility and its latent impact. One of these alternatives is an epoxy floor covering. Epoxy is a material that performs the jobs of a sealant for concrete floors. Epoxy floor coating can be utilized on floors for commercial structures, walkways, even on dividers or roofs, and most regularly in garage floors.

Epoxy coatings are typically applied over concrete floors to give an elite, smooth, and sturdy surface that can last for many years and withstand heavy loads. Numerous facilities that have just encountered the advantages of epoxy flooring are commercial or industrial structures, for example, manufacturing plants, distribution centers, pharmaceutical buildings, food or beverage plants, and even labs. If you are still undecided about Epoxy floor covering, we have compiled a handy guide for you.

Benefits of Epoxy Floor Coating:

Durability: At the point when epoxy cures, it turns out to be extremely strong and hard. Epoxy paint has such high toughness that it is frequently utilized as a concrete floor paint to be rolled over by forklifts and substantial machines, while as yet going on for a considerable length of time of such use.

There aren’t many coatings that could survive after taking so many beatings for even a couple of days. Epoxy paint for floor is a very impact-resistant surface, which means it won’t break, fracture, or split if things are dropped or rolled over the surface. Because of this quality, epoxy paint is normally utilized in distribution centers, garages, and auto repair shops.

Slip Resistant: Most epoxy paint is slip-resistant in any event, when wet or slick. Using a water-based, two-section acrylic epoxy system, epoxy paint can give a protected, slip-safe surface.

On the off chance that the zone is one of substantial traffic, you might need to consider utilizing a non-slip epoxy covering, which gives a textured surface for an additional degree of protection, that surpasses UL (Underwriters Laboratories) and ASTM (American Society for Testing and Materials) necessities. The extra textured surface is ordinarily utilized for stages, slopes, machine shops, and marinas.

Fire Resistant: Most epoxy paint for the floor is fire-resistant or impervious to fire. They can resist heat up to 200 degrees Celsius or around 390 degrees Fahrenheit. To be certain the epoxy paint you are utilizing is heatproof, check the item label. Because of the imperviousness to fire of epoxy paint, it is normally utilized in fire escapes, commercial aircraft items, and explosives creation and storage zones.

Water Resistant: At the point when dry, epoxy paint gives a seal that shields the solid from hidden groundwater and from any water or fluid that gets spilt on the ground. Epoxy paint is likewise impervious to chemical spills. The synthetic compounds won’t get drenched into the paint, making for simple cleanup.

Cleanliness: Since it is hard, epoxy is additionally simple to clean. Much like glass, it is smooth enough that most materials will fall off effectively, and it is stain-safe since nothing can truly be absorbed in.

In almost any setting it is essential to have the option to clean surfaces effectively and completely, and epoxy paint is about as cleanable as floor coatings can get, it doesn’t matter if the mess is from oil in a Texas petroleum treatment facility or eggs on a supermarket floor.

The Global EMEAI Resin Floor Coatings Market Industry is poised for substantial growth, with projections indicating a market size of 2.07 USD Billion in 2024 and an anticipated increase to 3.85 USD Billion by 2035. The compound annual growth rate (CAGR) is expected to be 5.79% from 2025 to 2035, reflecting the ongoing demand for advanced flooring solutions across various sectors. This growth is driven by factors such as technological advancements, increasing construction activities, and heightened awareness of health and safety standards, which collectively shape the future landscape of the resin floor coatings market.

The expansion of the retail and hospitality sectors significantly impacts the Global EMEAI Resin Floor Coatings Market Industry. As these sectors evolve, there is a growing emphasis on creating visually appealing environments that enhance customer experiences. Resin floor coatings provide a versatile solution that combines aesthetics with functionality, making them ideal for high-traffic areas. The increasing number of shopping malls, restaurants, and hotels across the EMEAI region is likely to drive demand for innovative flooring solutions, further contributing to the market's growth trajectory.

Rising awareness of health and safety standards is a crucial driver for the Global EMEAI Resin Floor Coatings Market Industry. Industries are increasingly prioritizing the implementation of flooring solutions that meet stringent safety regulations, particularly in sectors such as food and beverage, pharmaceuticals, and manufacturing. Resin floor coatings, which offer seamless surfaces that are easy to clean and maintain, align well with these safety requirements. Consequently, businesses are more inclined to invest in these coatings to ensure compliance and enhance workplace safety, thereby propelling market growth in the coming years.

The Global EMEAI Resin Floor Coatings Market Industry is significantly influenced by the growth in construction and renovation activities across the EMEAI region. As urbanization accelerates and infrastructure projects expand, the demand for high-quality flooring solutions rises correspondingly. In particular, the commercial sector, including retail and hospitality, is increasingly investing in aesthetically pleasing and durable flooring options. This trend is expected to contribute to the market's expansion, with projections indicating a market size of 3.85 USD Billion by 2035, underscoring the importance of resin floor coatings in contemporary construction practices.

The Global EMEAI Resin Floor Coatings Market Industry experiences a robust demand for durable flooring solutions across various sectors, including industrial, commercial, and residential applications. As businesses seek to enhance operational efficiency and reduce maintenance costs, resin floor coatings, known for their longevity and resilience, become increasingly attractive. In 2024, the market is projected to reach 2.07 USD Billion, reflecting a growing preference for high-performance flooring systems. This trend is particularly evident in manufacturing facilities and warehouses, where the need for durable surfaces that withstand heavy traffic and chemical exposure is paramount.

Technological advancements play a pivotal role in shaping the Global EMEAI Resin Floor Coatings Market Industry. Innovations in resin formulations, such as the development of eco-friendly and low-VOC options, cater to the rising environmental consciousness among consumers and regulatory bodies. These advancements not only enhance the performance characteristics of resin coatings but also expand their applicability in sensitive environments like healthcare and food processing. As a result, the market is likely to witness a compound annual growth rate of 5.79% from 2025 to 2035, driven by the increasing adoption of advanced coating technologies.

Based on Region, the EMEAI resin floor coatings market is segmented into Europe, Middle East & Africa, and India. In 2023, the Europe region held the largest market revenue share of 69.86%, which is expected to grow at a CAGR of 5.4% in the forecast period 2024-2032. The demand for resin floor coatings in Europe is rising due to several factors, including stringent environmental regulations, increasing industrial activities, and the region's focus on sustainability. European countries are adopting eco-friendly products, driving the market towards water-borne and low-VOC resin coatings that align with the European Union's strict environmental standards.

The region's robust industrial sector, particularly in automotive, pharmaceuticals, and food processing, requires durable, chemical-resistant flooring solutions that can withstand heavy use and meet hygiene standards.

The EMEAI resin floor coatings market is characterized by a moderate to strong level of competition in the market. The players in the market are constantly innovating and expanding their offerings and presence. Despite the challenges, there are several factors that are driving growth in the EMEAI resin floor coatings market such as growing demand for epoxy coatings as a Durable and Safe Solution for Industrial and Commercial Flooring coupled with Rapid Industrialization and Urbanization in India.

The market is benefiting from the development of new products. The key players in the EMEAI resin floor coatings market include PPG Industries, 3M, Silikal GmbH, Lanexis Enterprises (P) Ltd.,Flowcrete Group Ltd., Nataaj Engineering, Altro Limited, Stonhard, Cipy Polyurethanes Pvt. Ltd., Jemkon Private Limited, and Sakshi Coating Pvt. Ltd. among others. These companies compete based on product quality, innovation, price, customer service, and market share. Companies also engage in various strategic initiatives, such as mergers and acquisitions, contracts, partnerships, joint ventures, expansions, and product launches to enhance their market position and expand their reach.

For instance, in June 2024, PPG announced a significant expansion of its PPG FLOORING concrete coatings line. This enhanced offering features integrated systems that include primers, base coats, and topcoats specifically designed for environments that require electrostatic protection. The new range is particularly suitable for equipment mechanical rooms and applications where a combination of high performance and rapid return to service is crucial. This expansion underscores PPG's commitment to providing advanced solutions tailored to meet the diverse needs of various industrial settings.

3M: 3M Company, originally known as the Minnesota Mining and Manufacturing Company, is a multinational conglomerate operating in various fields, including industry, worker safety, healthcare, and consumer goods. The company produces over 60,000 products under several brands, such as adhesives, abrasives, laminates, passive fire protection, personal protective equipment, window films, paint protection films, dental, orthodontic products, electrical, electronic connecting, insulating materials, medical products, car-care products, electronic circuits, healthcare software, and optical films. 3M is based in Maplewood, a suburb of Saint Paul, Minnesota, and had approximately 92,000 employees and operations in more than 70 countries as of 2021.

In June 2023, 3M reached a settlement to pay more than $10 billion to US public water systems to resolve claims over the company's contamination of water with PFASs (per- and polyfluoroalkyl substances), commonly known as "forever chemicals." The company operates in more than 200 countries with strong presence in North America, Europe, and Asia Pacific region. In the United States, 3M operates 80 manufacturing facilities in 29 states, demonstrating the company's significant presence and commitment to local production. Additionally, 3M has 125 manufacturing and converting facilities in 37 countries outside the U.S, further expanding its global reach and operations.

This international footprint allows 3M to serve a diverse range of customers and markets around the world.

PPG Industries: PPG Industries, Inc. is a leading American multinational corporation specializing in the manufacture and distribution of paints, coatings, and specialty materials. The company majorly deals in two business segments namely Industrial coatings and Performance coatings. It provides its wide range of products for architectural coatings, aerospace, automotive OEM, industrial coatings, automotive refinish, packaging coatings, protective and marine coatings, and specialty coatings and materials among others. It provides its range of resin floor coatings under industrial coating segment. The company operates through its 201 manufacturing facilities worldwide with 63 sites in EMEA and 40 sites in Asia Pacific regions.

EMEAI Resin Floor Coatings Market Industry Developments

June 2024: PPG has announced a significant expansion of its PPG FLOORING concrete coatings line. This enhanced offering features integrated systems that include primers, base coats, and topcoats specifically designed for environments that require electrostatic protection. The new range is particularly suitable for equipment mechanical rooms and applications where a combination of high performance and rapid return to service is crucial. This expansion underscores PPG's commitment to providing advanced solutions tailored to meet the diverse needs of various industrial settings.

March 2022: 3M has officially finalized the sale of its floor products division in Western Europe, previously known as Dinac, to Gerflor Group. This division was part of 3M's Construction and Home Improvement Markets Division. In line with its ongoing strategic portfolio management, 3M opted to divest this business to focus on other priorities within the Construction and Home Improvement Markets Division. The sold business included products such as floor transition profiles, stair nosing, and flexible baseboards aimed at both DIY consumers and professional segments in the retail market.

September 2020: PPG has introduced its new line of flooring coatings, featuring a complete range of coating systems that comprise prime coats, base coats, and topcoats, all designed to deliver optimal performance tailored to specific work environments. Customers can select from four distinct flooring coating systems: general purpose, wear resistant, chemical resistant, and urethane cement, with further customization options available to meet individual needs.