The Latin America, Middle East and Africa Floor Coatings Market would witness market growth of 7.4% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 118.75 kilo tonnes, showcasing a growth of 7.7% (2023-2030).
Floor coatings are renowned for their exceptional durability as a protective layer that increases the life of flooring surfaces. This durability is crucial in high-traffic areas, industrial facilities, and commercial spaces where traditional flooring materials may wear out quickly. The ability of it to resist abrasion, impact, and chemical exposure contributes to their widespread adoption across different sectors.
Additionally, application process of this is relatively straightforward, and technological advancements have further simplified the installation procedures. This ease of application reduces downtime during installation, making it an attractive option for businesses that cannot afford prolonged disruptions.
Automotive exhibitions, trade shows, and events are prevalent in Saudi Arabia. According to the International Trade Administration, in 2020, Saudi Arabia accounted for nearly 52% of all vehicles sold in the Gulf Cooperation Council (GCC) and 35% in the MENA region. In Saudi Arabia, 556,000 vehicles were sold in 2019 and 436,000 in 2020. Sales are anticipated to reach 543,000 units by 2025, with only 32,000 units being electric vehicles. Thus, due to these aspects, the market will expand across the LAMEA region in upcoming years.
The Brazil market dominated the LAMEA Floor Coatings Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $128.8 million by 2030. The Argentina market is experiencing a CAGR of 8.6% during (2023 - 2030). Additionally, The UAE market would exhibit a CAGR of 7% during (2023 - 2030).
Free Valuable Insights: The Worldwide Floor Coatings Market is Projected to reach 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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