Industrial Floor Coating Market Research Report
The GMI Research expects the industrial floor coating market
to expand at a significant rate. From a regional perspective, the Asia-Pacific
is projected to increase at a faster rate owing to the continuously rising infrastructural
& construction, manufacturing, automotive sectors, and electronics. The
growth in per capita disposable incomes, growing middle-class population, are
driving the market's demand.
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Industrial Floor Coating Market Dynamics (including
market size, share, trends, forecast, growth, forecast, and industry analysis)
Key
Drivers
The global industrial floor coating market is expected to
grow at a significant rate during the forecast period due to the strong demand
for industrial floor coatings in a large range of commercial and industries
infrastructures, such as aviation, food & beverages, transportation,
manufacturing, hospitality, car parking infrastructures, healthcare, and public
safety. The strong demand for floor coating in sectors due to its beneficial
properties that include moisture-resistant, long-term performance,
cost-effectiveness, corrosion-resistant, low maintenance cost, and surged
aesthetic value is bringing numerous new growth opportunities to the market.
Additionally, the increasing government investments in developing the
manufacturing sector globally, coupled with the rapid economic development, are
the prominent factors bolstering the growth of the industrial
floor coating market size. The rising demand for floor coating in the
sectors where high chemical resistance and tensile strength flooring is needed
is further contributing to the market growth. On the other hand, the factor
hindering the growth of the industrial floor coating market include the
variations in the price of raw materials. The emergence of the COVID-19
pandemic has adversely impacted the manufacturing industry, thus hindering the
growth of the market.
Resin
Type Segment Drivers
Based on resin type, the market is segmented into epoxy,
polyurethane, hybrid, and others that include alkyd and acrylic. The epoxy
segment is projected to increase at a higher CAGR over the forecast period due
to the high demand in warehouses, industrial sites, and commercial buildings
flooring. It also provides a high-performance, smooth, anti-skid surface floor,
high-gloss, and hard-wearing durable surface when used on concrete floors.
Epoxy floor coatings are largely used in industries like power plants, automobile
industries, nuclear power plants, pharmaceutical industries, food industries,
and molding industries due to their increased resistance to temperature and
degradation produced by acids, moisture, and other impacts.
Industrial Floor Coating Market’s leading
Manufacturers:
·
BASF SE
·
Daw SE Group
·
PPG Industries, Inc.
·
Akzo Nobel N.V.
·
3M Company
·
RPM International Inc.
·
The Sherwin-Williams Company
·
Axalta Coating Systems, LLC
·
The Lubrizol Corporation
·
Asian Paints Ltd.
·
Sto SE & Co. KGaA
·
Bona AB
Industrial Floor Coating Market Segmentation:
Segmentation
by Resin
Type:
·
Epoxy
·
Polyurethane
·
Hybrid
·
Others
Segmentation
by Flooring Material:
·
Concrete
·
Mortar
·
Terrazzo
·
Others
Segmentation
by Coating Component:
·
One-component
·
Two-component
·
Three-component
·
Four-component
·
Five-component
Segmentation
by Technology:
·
Water-borne
·
Solvent-borne
Segmentation
by End-Use Sector:
·
Manufacturing
·
Aviation & Transportation
·
Food Processing
·
Science & Technology
·
Others
Segmentation
by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
About GMI Research
GMI Research is a market research and consulting company
that provides syndicated research reports, consulting services, and customized
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teams consisting of seasoned analysts and researchers have hands-on experience
in various regions, including Asia-pacific, Europe, North America, and the Rest
of the World. The market research report offers in-depth analysis, which
contains refined forecasts, a bird's eye view of the competitive landscape,
factors impacting the market growth, and several other market insights to aid
companies in making strategic decisions. Featured in the ‘Top 20 Most
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2018, we at GMI Research are always looking forward to help our clients to stay
ahead of the curve.
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