Market Size of epoxy flooring resins Industry
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Study Period | 2018 - 2030 |
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Market Size (2024) | USD 5.12 Billion |
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Market Size (2030) | USD 6.83 Billion |
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Largest Share by End Use Sector | Industrial and Institutional |
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CAGR (2024 - 2030) | 4.92 % |
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Largest Share by Region | Asia-Pacific |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Epoxy Flooring Resins Market Analysis
The Epoxy Flooring Resins Market size is estimated at 5.12 billion USD in 2024, and is expected to reach 6.83 billion USD by 2030, growing at a CAGR of 4.92% during the forecast period (2024-2030).
5.12 Billion
Market Size in 2024 (USD)
6.83 Billion
Market Size in 2030 (USD)
4.21 %
CAGR (2018-2023)
4.92 %
CAGR (2024-2030)
Largest Market by End Use Sector
92.04 %
value share, Industrial and Institutional, 2023
The sector occupied the largest market share due to the increasing consumption of flooring resins due to their high resistance properties to oil, water, and lubricants from the chemical, pharmaceutical, food industries, etc.
Fastest Market by End Use Sector
7.21 %
Projected CAGR, Commercial, 2024-2030
Growing demand for durable flooring in malls and multi-story warehouses and the rising commercial spaces globally are expected to drive the demand in the sector during the forecast period.
Largest Market by Region
36.15 %
value share, Asia-Pacific, 2023
Asia-Pacific dominated the market due to the growing industrial construction activities in the region and the increasing demand for cementitious grout in countries like China, India, Japan, and South Korea.
Fastest Market by Region
5.60 %
Projected CAGR, Asia-Pacific, 2024-2030
Owing to growing investments in infrastructure projects, government initiatives, fast-paced urbanization, and industrialization, Asia-Pacific is expected to witness the fastest growth.
Leading Company
11.20 %
market share, Sika AG, 2022
The company's broad range of high-quality products, well-established network, robust supply chain, and strategic expansions and acquisitions in the construction industry make it a major player in the market.
The rising demand for shopping malls & centers and offices is likely to drive the demand for epoxy flooring resins
- The global consumption value of epoxy flooring resins witnessed a 2.67% growth in 2022, driven by rising demand from the industrial & institutional and commercial construction sectors. In 2023, epoxy flooring resins are projected to capture 52% of the global flooring resins market.
- The industrial & institutional sector dominated the consumption of epoxy flooring resins, accounting for a significant 92.04% share in 2022. Globally, the new industrial floor area was expected to grow by 3.09% in 2023, primarily fueled by expanding warehousing spaces. Notably, the Indian industrial and warehousing sector saw a 7% rise in absorption, totaling 22.4 million sq. ft in H1 2023 compared to H1 2022. Heightened investments in industrial construction, like the projected USD 47.59 billion spending on new industrial buildings in the United States by 2026, are expected to bolster the demand for epoxy flooring resins. Consequently, the sector's consumption of epoxy flooring resins globally is projected to surge by USD 1.75 billion by 2030 compared to 2023.
- The commercial sector is projected to be the fastest-growing consumer of epoxy flooring resins, with a notable CAGR of 7.22% during the forecast period. The global new floor construction in the commercial sector is projected to reach 9.34 billion sq. ft by 2030, primarily driven by the surging demand for shopping malls, office spaces, and other commercial establishments. For instance, India's Grade A office market in the top seven cities is anticipated to expand to approximately 1 billion sq. ft by 2026, further scaling up to 1.2 billion sq. ft by 2030. Consequently, the global consumption of epoxy flooring resins in the commercial sector is estimated to increase from USD 243 million in 2023 to USD 397 million in 2030.
The rise in retail spaces is expected to drive the demand for epoxy flooring resins
- The global epoxy flooring resins market witnessed a growth of approximately 2.67% in 2022, surpassing the figures of 2021. Notably, Asia-Pacific and Europe emerged as the leading regions, capturing shares of 36.24% and 32.12%, respectively. The global epoxy flooring resins market was projected to expand by 4.34% in 2023, building on the growth of the previous year.
- In 2023, Asia-Pacific solidified its position as the dominant consumer of epoxy flooring resins, accounting for an estimated 36.15% of the global market. This surge in demand can be attributed to the region's escalating construction activities, driven by investments in sectors like industrial, healthcare, and retail. For instance, Indonesia is set to witness the completion of six shopping mall projects, collectively spanning 292 thousand sq. m, by 2025. Given this momentum, the epoxy flooring resins market in Asia-Pacific is poised to grow by a significant 40.21% by 2030 compared to its 2023 levels.
- Asia-Pacific is leading in consumption and is also projected to exhibit the highest CAGR of 5.62% during the forecast period. This growth is likely to be fueled by the region's surging demand for epoxy flooring resins, particularly in the industrial, institutional, and commercial sectors. Notably, the industrial and institutional floor area in the region is set to expand by 149 million sq. ft from 2023 to 2024. In India, major cities like Delhi NCR, Bangalore, and Hyderabad are expected to witness the opening of nearly 60 shopping malls, boasting a combined retail space of 23.25 million sq. ft, between 2023 and 2025. These trends indicate a robust trajectory for the region's epoxy flooring resins market, with projections pointing toward a value of USD 2.58 billion by 2030, up from USD 1.76 billion in 2023.
Epoxy Flooring Resins Industry Segmentation
Commercial, Industrial and Institutional, Infrastructure, Residential are covered as segments by End Use Sector. Asia-Pacific, Europe, Middle East and Africa, North America, South America are covered as segments by Region.
- The global consumption value of epoxy flooring resins witnessed a 2.67% growth in 2022, driven by rising demand from the industrial & institutional and commercial construction sectors. In 2023, epoxy flooring resins are projected to capture 52% of the global flooring resins market.
- The industrial & institutional sector dominated the consumption of epoxy flooring resins, accounting for a significant 92.04% share in 2022. Globally, the new industrial floor area was expected to grow by 3.09% in 2023, primarily fueled by expanding warehousing spaces. Notably, the Indian industrial and warehousing sector saw a 7% rise in absorption, totaling 22.4 million sq. ft in H1 2023 compared to H1 2022. Heightened investments in industrial construction, like the projected USD 47.59 billion spending on new industrial buildings in the United States by 2026, are expected to bolster the demand for epoxy flooring resins. Consequently, the sector's consumption of epoxy flooring resins globally is projected to surge by USD 1.75 billion by 2030 compared to 2023.
- The commercial sector is projected to be the fastest-growing consumer of epoxy flooring resins, with a notable CAGR of 7.22% during the forecast period. The global new floor construction in the commercial sector is projected to reach 9.34 billion sq. ft by 2030, primarily driven by the surging demand for shopping malls, office spaces, and other commercial establishments. For instance, India's Grade A office market in the top seven cities is anticipated to expand to approximately 1 billion sq. ft by 2026, further scaling up to 1.2 billion sq. ft by 2030. Consequently, the global consumption of epoxy flooring resins in the commercial sector is estimated to increase from USD 243 million in 2023 to USD 397 million in 2030.
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Epoxy Flooring Resins Market Size Summary
The epoxy flooring resins market is poised for significant growth, driven by increasing demand from industrial, institutional, and commercial construction sectors. The market is characterized by a robust expansion trajectory, with Asia-Pacific and Europe leading in consumption. The industrial and institutional sectors have been the dominant consumers, largely due to the expansion of warehousing spaces and heightened investments in industrial construction. The commercial sector is expected to be the fastest-growing consumer, fueled by the rising demand for shopping malls, office spaces, and other commercial establishments. This growth is supported by substantial investments in new floor construction, particularly in regions like Asia-Pacific, where construction activities are on the rise.
The market landscape is fragmented, with major players such as Henkel AG & Co. KGaA, PPG Industries, Inc., RPM International Inc., Sika AG, and The Sherwin-Williams Company holding significant shares. Recent strategic moves, such as Sika's acquisition of the MBCC Group and Akzo Nobel's investment in R&D, highlight the dynamic nature of the market. These developments are expected to enhance the capabilities and offerings of key players, further driving market growth. The epoxy flooring resins market is set to benefit from ongoing construction activities and investments across various sectors, positioning it for continued expansion in the coming years.
Epoxy Flooring Resins Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size, forecasts up to 2030 and analysis of growth prospects.)
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1.1 End Use Sector
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1.1.1 Commercial
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1.1.2 Industrial and Institutional
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1.1.3 Infrastructure
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1.1.4 Residential
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1.2 Region
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1.2.1 Asia-Pacific
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1.2.1.1 By Country
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1.2.1.1.1 Australia
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1.2.1.1.2 China
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1.2.1.1.3 India
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1.2.1.1.4 Indonesia
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1.2.1.1.5 Japan
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1.2.1.1.6 Malaysia
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1.2.1.1.7 South Korea
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1.2.1.1.8 Thailand
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1.2.1.1.9 Vietnam
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1.2.1.1.10 Rest of Asia-Pacific
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1.2.2 Europe
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1.2.2.1 By Country
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1.2.2.1.1 France
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1.2.2.1.2 Germany
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1.2.2.1.3 Italy
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1.2.2.1.4 Russia
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1.2.2.1.5 Spain
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1.2.2.1.6 United Kingdom
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1.2.2.1.7 Rest of Europe
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1.2.3 Middle East and Africa
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1.2.3.1 By Country
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1.2.3.1.1 Saudi Arabia
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1.2.3.1.2 United Arab Emirates
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1.2.3.1.3 Rest of Middle East and Africa
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1.2.4 North America
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1.2.4.1 By Country
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1.2.4.1.1 Canada
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1.2.4.1.2 Mexico
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1.2.4.1.3 United States
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1.2.5 South America
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1.2.5.1 By Country
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1.2.5.1.1 Argentina
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1.2.5.1.2 Brazil
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1.2.5.1.3 Rest of South America
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Epoxy Flooring Resins Market Size FAQs
How big is the Global Epoxy Flooring Resins Market?
The Global Epoxy Flooring Resins Market size is expected to reach USD 5.12 billion in 2024 and grow at a CAGR of 4.92% to reach USD 6.83 billion by 2030.
What is the current Global Epoxy Flooring Resins Market size?
In 2024, the Global Epoxy Flooring Resins Market size is expected to reach USD 5.12 billion.
