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:

• 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.  

Regional Insights

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.