The Europe Floor Coatings Market would witness market growth of 5.2% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 162.36 kilo tonnes, showcasing a growth of 4.4% (2019-2022).
The ability to customize it to meet specific design requirements is a significant factor contributing to their adoption. Whether in residential, commercial, or industrial settings, it offers various colors, patterns, and finishes. This customization allows architects, designers, and property owners to tailor the aesthetics of their spaces according to their preferences, creating visually appealing and unique environments.
Additionally, it is crucial in industrial settings where the floors are subjected to heavy machinery, chemical exposure, and high-impact activities. Epoxy and polyurethane coatings, known for their durability and chemical resistance, are commonly used to protect industrial floors in manufacturing plants, warehouses, and distribution centers.
The availability of a wide product selection contributes to the growth of this by addressing diverse customer demands in Spain. According to the International Trade Administration, in Spain, e-commerce consumers reached 30 million in 2021. Internet penetration is 83%, while eCommerce penetration is 63%. The number of eCommerce users is predicted to increase by 25% to 37 million by 2025. Thus, all these factors will uplift the regional market’s expansion in the coming years.
The Germany market dominated the Europe Floor Coatings Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $296.4 million by 2030. The UK market is exhibiting a CAGR of 4.3% during (2023 - 2030). Additionally, The France market would experience a CAGR of 6% during (2023 - 2030).
Free Valuable Insights: The Global Floor Coatings Market will Hit USD 5 Billion by 2030, at a CAGR of 5.9%
Based on End-User, the market is segmented into Industrial, Residential and Commercial. Based on Application, the market is segmented into Concrete, Wood, Terrazzo, and Others. Based on Product, the market is segmented into Epoxy, Polyurethane, Polyaspartic, Acrylic and Methyl Methacrylate. Based on Component, the market is segmented into Double Component, Single Component, Triple Component, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By End-User (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Product (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Component (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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