Industrial Floor Coating Market Research Report
The GMI Research's latest analysis reveals that the
Industrial Floor Coating Market is slated to register a significant CAGR over
the forecast period. This is attributed to the strong demand for industrial
floor coating in a large range of industries and commercial infrastructures,
such as food & beverages, manufacturing, hospitality, healthcare, car
parking infrastructures, transportation, and public safety sectors.
Request
for a FREE Sample Report on Industrial Floor Coating Market
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 Dynamics (including
market size, share, trends, growth, forecast, and industry analysis)
Key
Drivers
The global industrial
floor coating market is predicted to witness an upsurge in demand during
the forecast period due to the strong demand for industrial floor coating in a
large range of industries and commercial infrastructures, such as food &
beverages, manufacturing, hospitality, aviation, healthcare, car parking infrastructures,
transportation, and public safety sectors. The growing demand for floor coating
in industries due to its beneficial factors that include low maintenance cost,
cost-effectiveness, long-term performance, corrosion-resistant, moisture
resistance, and surged aesthetic value is expected to open doors for the growth
of the industrial floor coating market size. In addition to this, increased
government investments in developing the manufacturing industry and the rapid
economic development worldwide are the factors contributing to the growth of
the industrial floor coatings market. The high demand for floor coatings in the
sectors where high chemical resistance and tensile strength flooring is needed
will further bolster the market growth. On the other edge, the factor hindering
the growth of the market include the fluctuation in the price of raw materials.
The manufacturing sector is being affected owing to the COVID-19 pandemic, thus
hampering the market growth.
Resin
Type Segment Drivers
On the basis of resin type, the market is segmented into
polyurethane, epoxy, hybrid, and others that include alkyd and acrylic. The
epoxy is anticipated to rise at a higher CAGR over the forecast period due to
the strong demand in industrial sites, commercial buildings, flooring, and
warehouses. Furthermore, it provides an anti-skid surface floor, a
high-performance, smooth, high-gloss, and hard-wearing durable surface when
used over concrete floors. Epoxy floor coatings are largely used in industries
like molding industries, power plants, nuclear power plants, automobile
industries, food industries, and pharmaceutical industries due to their high
resistance to temperature and degradation produced by acids, moisture, and
other impacts.
End-Use
Sector Segment Drivers
Based on the end-use sector, the market is segmented into
aviation & transportation, science & technology, manufacturing, food
processing, and others, such as car parks, healthcare, hospitality, and fire
& public safety sectors. Manufacturing is projected to lead the market due
to the increasing number of manufacturing facilities and factories in numerous
manufacturing sectors, which include energy industries, electronic industry,
metalworking industries, mechanical industry, chemical industries, telecommunications
industries, and plastic industry.
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 one of the leading market research and
consulting company that offers consulting services, syndicated research
reports, and customized market research reports. We help our client to make informed
business decisions and provide market intelligence studies related to the
various industries such as automotive, energy, healthcare, chemicals,
technology, and other sectors. Our research teams include seasoned analysts and
researchers have hands-on experience in every regions, including Asia-pacific,
Europe, North America, and the Rest of the World. Our market research report provides
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 Promising Market Research Consultants’ list of Silicon
India Magazine in 2018, we at GMI Research are always looking forward to help
our clients to stay ahead of the curve.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com
Comments