UAE Floor Coatings Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.10 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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UAE Floor Coatings Market Analysis
The United Arab Emirates Floor Coatings Market was valued at USD 1260 million at the end of the year and it is projected to register a CAGR of 4.1% during the forecast period. The COVID pandemic negatively affected the market due to a halt in construction activities around the country. However, post-COVID, the country resumed residential and commercial construction activities which will help to revive the floor coatings market.
- In the short term, rising residential and commercial construction activities in the United Arab Emirates will likely drive the market.
- On the flip side, the harmful environmental impact of conventional floor coatings hinders the market's growth.
- The demand for floor coatings from the industrial sector dominated the market studied, and it is expected to grow during the forecast period due to the increasing demand from the chemical industry.
- The promising performance of polyaspartic coatings is likely to act as an opportunity in the future.
UAE Floor Coatings Market Trends
Epoxy Floor Coatings are Expected to Dominate the Market
- Epoxy floor coatings are used for industrial and commercial flooring applications. These coatings are applied over concrete floors to provide smooth, durable, high-performance surfaces that can last many years and withstand heavy loads. The epoxy coating is chemically distinct from regular floor paints.
- A two-part epoxy system generally consists of epoxy resins and hardeners. The epoxy resins and hardeners react with one another, resulting in a chemical bond with each compound and with the floor itself.
- There is a difference between epoxy flooring and epoxy floor coatings. The difference between the two lies in the depth of the epoxy applied. Epoxy floors are classified as epoxy flooring if they are at least two millimeters thick. Any epoxy floor less than two millimeters thick is commonly referred to as an epoxy floor coating. Both are considered and used as epoxy floor coatings for industrial, commercial, and residential applications.
- Thin layer epoxy coatings (4-6mm) are commonly used in low traffic areas such as hallways, storage areas, and break rooms.Similarly, in high traffic areas, thick layer epoxy coatings (10-20 mm) are used, as these coatings help create extremely durable flooring systems.
- Commercial warehouses, machine shops, and other industrial commercial spaces often use much thicker epoxy coatings (up to 125 mm) to handle heavy vehicle traffic, chemical spills, and heavy machinery.
In the United Arab Emirates, the low fuel costs, conducive tax regime, and high disposable incomes have helped strengthen the automobile sector and encouraged global giants to set up manufacturing sites in the country. As a result, the country's construction of automotive warehouses will increase, driving market demand for epoxy floor coatings.
The Industrial Segment to Dominate the Market
- The industrial segment is dominating the overall floor coatings market. Chemical, automotive, and manufacturing industries, as well as other industries such as food and beverages and electrical and electronics, are major consumers of floor coatings.
- The chemical industry is one of the largest end-users of floor coatings in all of the core sectors.Research and development labs, production plants, and other industrial buildings need high-performance flooring to protect the look of the floors and walls from chemical stains.
- In the industry, chemical-resistant flooring, strict hygiene, and safety protocols play vital roles in avoiding the risks related to damage, accidents, and workers' health.
- In 2021, Reliance Industries announced a partnership with Abu Dhabi Chemicals Derivatives Company RSC Ltd (TAZIZ) to invest USD 2 billion in setting up a petrochemical production facility in the United Arab Emirates. The facility will start the production of chemicals like chlor-alkali, ethylene dichloride (EDC), and polyvinyl chloride (PVC), which can drive the market for floor coatings.
- In the food and beverage industry, the risk of microbial growth due to spillage is high. Consequently, these contaminants degrade processed food's purity. To avoid such issues, the industry requires long-lasting and thick floor coatings that act as a protective barrier, preventing contaminants from entering the concrete substrate and ensuring a sanitary surface.
UAE Floor Coatings Industry Overview
The United Arab Emirates floor coatings market is partially consolidated. Some major players in the market (not in any particular order) include Akzo Nobel N.V., Jotun, Kansai Paint Co., Ltd., National Paints Factories Co. Ltd., and The Sherwin-Williams Company.
UAE Floor Coatings Market Leaders
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Akzo Nobel N.V.
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Jotun
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National Paints Factories Co. Ltd
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The Sherwin-Williams Company
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Kansai Paint Co.,Ltd.
*Disclaimer: Major Players sorted in no particular order
UAE Floor Coatings Market News
The recent developments pertaining to the major players in the market are being covered in the complete study.
UAE Floor Coatings Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Growing Awareness of the Advantages of Floor Coatings
- 4.1.2 Increasing Construction Activities in United Arab Emirates
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4.2 Restraints
- 4.2.1 Harmful environmental impact of conventional Floor coatings
- 4.3 Industry Value-Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Value in USD Million)
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5.1 Product Type
- 5.1.1 Epoxy
- 5.1.2 Polyaspartics
- 5.1.3 Acrylic
- 5.1.4 Polyurethane
- 5.1.5 Other Product Types
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5.2 Floor Material
- 5.2.1 Wood
- 5.2.2 Concrete
- 5.2.3 Other Floor Materials
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5.3 End-user Industry
- 5.3.1 Residential
- 5.3.2 Commercial
- 5.3.3 Industrial
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%)**/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Akzo Nobel N.V.
- 6.4.2 Berger Paints Emirates Limited
- 6.4.3 Caparol Paints
- 6.4.4 Hempel A/S
- 6.4.5 Jazeera Paints
- 6.4.6 Jotun
- 6.4.7 Kansai Nerolac Paints Limited
- 6.4.8 National Paints Factories Co. Ltd.
- 6.4.9 Nippon Paint Holdings Co., Ltd.
- 6.4.10 Ritver Paints & Coatings
- 6.4.11 Sigma Paints
- 6.4.12 The Sherwin-Williams Company
- 6.4.13 Thermilate Middle East.
- 6.4.14 Terraco Holdings Ltd.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 The promising performance of polyaspartic coatings
UAE Floor Coatings Industry Segmentation
Floor coatings are durable, protective layers applied to surfaces subjected to extreme wear or corrosion. Warehouses, chemical plants, and production floors are examples of typical applications. The market is segmented by product type, floor material, and end-user industry. By product type, the market is segmented into epoxy, polyaspartics, acrylic, polyurethane, and other product types. By floor material, the market is segmented into wood, concrete, and other floor materials. By end-user industry, the market is segmented into residential, commercial, and industrial. The report offers market size and forecasts in terms of revenue (USD million) for all the above segments.
| Product Type | Epoxy |
| Polyaspartics | |
| Acrylic | |
| Polyurethane | |
| Other Product Types | |
| Floor Material | Wood |
| Concrete | |
| Other Floor Materials | |
| End-user Industry | Residential |
| Commercial | |
| Industrial |
UAE Floor Coatings Market Research FAQs
What is the current United Arab Emirates Floor Coatings Market size?
The United Arab Emirates Floor Coatings Market is projected to register a CAGR of greater than 4.10% during the forecast period (2024-2029)
Who are the key players in United Arab Emirates Floor Coatings Market?
Akzo Nobel N.V., Jotun, National Paints Factories Co. Ltd, The Sherwin-Williams Company and Kansai Paint Co.,Ltd. are the major companies operating in the United Arab Emirates Floor Coatings Market.
What years does this United Arab Emirates Floor Coatings Market cover?
The report covers the United Arab Emirates Floor Coatings Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the United Arab Emirates Floor Coatings Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
United Arab Emirates Floor Coatings Industry Report
Statistics for the 2024 United Arab Emirates Floor Coatings market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. United Arab Emirates Floor Coatings analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
