Cementitious Flooring Market Research, 2031
The global cementitious flooring market size was valued at $1.1 billion in 2021, and is projected to reach $2 billion by 2031, growing at a CAGR of 5.9% from 2022 to 2031.
Cementitious flooring is the most common type of flooring used in both residential and commercial, owing to its non-absorbent nature, durability, waterproofness and resistance to fire. In addition, flooring is one of the most important components of any functionality, whether residential or commercial. Various types of cementitious floor coatings such as epoxy, polyurethane, acrylic are widely utilized in resurfacing applications.
Cementitious is popular as a flooring material due its high thermal mass, which can be used to improve the indoor climate within a dwelling and reduce the energy demand for thermal comfort. Rise in construction activities across various regions such as Europe & Asia-Pacific and increase in demand for high appealing flooring solutions for buildings are expected to fuel the global cementitious flooring market growth. Cementitious flooring products are presently being used in the residential and commercial projects. Increase in urbanization and rise in industrialization result in rapid development of the economies, which boost the demand for global cementitious flooring market. In addition, rise in construction of commercial buildings & residential buildings is expected to boost the growth of the market. Moreover, rise in renovation and remodeling of old structures in developed countries is expected to boost the cementitious flooring market opportunity. In addition, according to a Harvard Joint Centre for housing studies article published in January 2021, the growth of house remodeling and repair expenditures has increased from 3.5% in 2020 to 3.8% in 2021, based on the most recent Leading Indicator of Remodeling Activity (LIRA).
Major players have adopted various strategies such as product launch and acquisition to sustain the competition and improve the product portfolio. For instance, in April 2022, Jotun launched steel master 1200HPE- a high performance epoxy intumescent coating proving up to 120 minutes protection against cellulosic fires for infrastructure buildings. It can protect structural steel of public spaces, including airports, hotels, stadium & malls.
The cementitious flooring market is segmented into Type, Application and End User and Region.On the basis of type, the market is divided into epoxy, polyurethane, acrylic and others. On the basis of application, the market is divided into indoor and outdoor. On the basis of end-user industry, the market is divided into residential, commercial and industrial. Region-wise, the global market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, Netherlands and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Hong Kong, Malaysia and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
On the basis of type, the epoxy segment generated the highest revenue in 2021, due to it is applied over concrete floors to provide a smooth and durable surface, which can withstand heavy loads.
On the basis of region, Asia-Pacific registered largest share in the global cementitious flooring market share in 2021, owing to rise in the number of residential and commercial building is anticipated to positively influence the demand for cementitious flooring market. Furthermore, the majority of countries in the region are spending on construction sector for the growth of their economies.
On the basis of end-user, the commercial segment accounted for the highest revenue in the global market in 2021, owing to urbanization and industrialization in developing nations of Asia-Pacific and LAMEA, new commercial and industrial infrastructures are being built, thereby augmenting the growth of the commercial cementitious flooring market.
COMPETITION ANALYSIS
The key players that operate in the cementitious flooring market are Behr Process Corporation, Black Bear Coatings & Concrete, Concare Inc., CRH PLC, EPMS Supplies Ltd., Hempel, Jotun, Laticrete International, Mapei S.p.A, MBCC Group, Michelman Inc., PPG Industries Inc., RPM International Inc., Sherlin-Williams, Sika AG, Teknos, TMI Coatings Inc.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging global cementitious flooring market trends and dynamics.
- In-depth global cementitious flooring market analysis is conducted by constructing market estimations for key market segments between 2022 and 2031.
- Extensive analysis of cementitious flooring market report is conducted by following key product positioning and monitoring of top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- Cementitious flooring market forecast analysis from 2022 to 2031 is included in the report.
- The key players with in cementitious flooring market are profiled in this report and their strategies are analysed thoroughly, which help understand the competitive outlook of cementitious flooring industry.
Cementitious Flooring Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 2 billion |
 Growth Rate | CAGR of 5.9% |
 Forecast period | 2021 - 2031 |
 Report Pages | 233 |
 By Type |
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 By Application |
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 By End User |
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 By Region |
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 Key Market Players | CRH PLC, RPM International Inc., Concare Inc., Laticrete International, Sherlin-Williams, TMI Coatings Inc., Mapei S.p.A, Jotun, Black Bear Coatings & Concrete, Teknos, MBCC Group, Hempel, PPG Industries Inc., Behr Process Corporation, Sika AG, Michelman Inc., EPMS Supplies Ltd. |
Analyst Review
The cementitious flooring market has observed huge demand in North America, Asia-Pacific, and Europe. Asia-Pacific registered largest share in the global cementitious flooring market share in 2021, owing to rise in number of residential and commercial building. Furthermore, the majority of countries in the region are spending on construction sector for the growth of their economies. The epoxy segment accounted for the majority of the market share in 2021, as it finds its application over concrete floors to provide a smooth and durable surface, which can withstand heavy loads.
Various market players have adopted strategies, such as product launch, business expansion, acquisition, and agreement to expand its business and strengthen its market position. For instance, in June 2021, RPM International Inc. acquired Dudick Inc. which is renowned company in the field of high-performance coatings, flooring systems and tank linings. The acquisition aims to drive the sustainability transformation of flooring & coating industry. As a result, such strategic moves are expected to provide lucrative growth opportunities in the global cementitious flooring market.
Rise in construction of commercial buildings & residential buildings are the upcoming trends of Cementitious Flooring Market in the world.
Outdoor is the leading application of Cementitious Flooring Market.
Asia-Pacific is the largest regional market for Cementitious Flooring.
The global cementitious flooring market size was valued at $1,126.1 million in 2021.
Behr Process Corporation, Black Bear Coatings & Concrete, Concare Inc., CRH PLC, EPMS Supplies Ltd., Hempel, Jotun, Laticrete International, Mapei S.p.A, MBCC Group, Michelman Inc., PPG Industries Inc., RPM International Inc., Sherlin-Williams, Sika AG, Teknos, TMI Coatings Inc. are the top companies to hold the market share in Cementitious Flooring.
The base year considered in the global cementitious flooring market report is 2021.
The top 17 market players are selected based on two key attributes- competitive strength and market positioning.
The report contains an exclusive company profile section, where leading 17 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
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