Industrial Floor Coatings Market Sherwin-Williams, PPG Industries, Axalta Coating Systems, Kansai Paints, Asian Paints, Tambour, Akzo Nobel, BASF, 3M and Roto Polymers

Industrial floor coatings market is expected to witness strong application potential in the food and beverage processing industry. While working in the food processing industry, it is quite important to keep all the areas clean- including the floor. Certain food constituents such as blood, sugar, acids, oils, fats, etc. often fall onto the floors, which are highly susceptible to infections and contaminations. In response to this fact, it is highly important to maintain the sanitary standards of the floors, which has provided a major thrust to the demand of industrial floor coatings market from this application. As per estimates, in 2016, food processing accounted for more than 30% of the overall market and is further expected to grow at an annual rate of 6% over 2017-2024.

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In the industrial sector, the coating of the floor is considered as a crucial facet, subject to which the global industrial floor coatings market has been witnessing a phenomenal demand over the recent years. The utilization of coatings is touted as an impressive solution for optimal protection and aesthetics of the industrial and commercial infrastructures. The noticeable shift in the consumer preference for high chemical resistance, mechanical strength, and improved finishing ability of the flooring has significantly influenced the product demand. As per a report by Global Market Insights, Inc., industrial floor coatings market was pegged at USD 3.5 billion in 2016 and is anticipated to generate revenue over USD 6 billion by 2024.

Many of the food processing industries rely on the epoxy type of coatings, which are highly durable and withstand strong chemical resistance & thermal shocks. Contributing to over 25% of the overall industrial floor coatings market, epoxy cementitious is estimated to be the fastest growing product with y-o-y growth of 6.5% over 2017-2024.

Many industries and manufacturing plants witness repeated spills or a high likelihood of oils, grease, or liquids on the floor. In addition to this, floors of warehouses and manufacturing units also need to withstand wear and tear, created by heavy machinery, high impacts, and excessive heat. Subject to this fact, industrial floor coatings market is gaining huge demand from this application, on account of thriving profoundly on the cusp of rapid industrialization and urbanization. The prominent economies of Asia Pacific including China, Malaysia, India, Vietnam, and Japan promise great potential for the growth of industrial floor coatings industry, owing to rapid infrastructural development. As per estimates, APAC industrial floor coatings market is expected to record a CAGR of 6.5% over 2017-2024.

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The concrete flooring material is witnessing noticeable demand from the manufacturing and warehouses applications. Owing to its superior properties of wear & tear, prevention from abrasion, scratch resistance, and ease of maintenance with excellent aesthetics, concrete materials coatings is likely to witness a high demand in manufacturing projects. In 2016, concrete floor coating materials contributed to more than 85% of the overall industrial floor coatings market share.

In light of this dynamic scenario, industrial floor coatings market is certainly liable tourish over the coming years with a projected global demand of 1,300 kilo tons by 2024. Some of the other renowned names in industrial floor coatings industry include Dow Chemical, Sherwin-Williams, Akzo Nobel, BASF, Asian Paints, PPG Industries, Tambour, 3M, Kansai Paint Co., Ltd, and Milliken & Company.

Partial Chapter of the Table of Content

Chapter 2. Executive Summary
2.1. Industrial floor coatings industry 3600 synopsis, 2013 –2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Component trends
2.1.4. Flooring materials trends
2.1.5. Application trends
2.1.6. Regional trends

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Chapter 3. Industrial Floor Coatings Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
3.3. Industry ecosystem analysis
3.3.1. Raw material suppliers
3.3.2. Manufacturers
3.3.3. Profit margin trends
3.3.4. Distribution channel analysis
3.3.4.1. Retail stores
3.3.4.2. Online stores
3.3.5. Vendor matrix
3.3.5.1. Role
3.3.5.2. Product portfolio
3.3.5.3. Global presence
3.4. Technology landscape
3.4.1. Current Industrial floor coatings production procedures overview
3.5. Raw material analysis
3.5.1. Epoxy
3.5.2. Polyaspartic
3.5.3. Polyurethane
3.5.4. Acrylic
3.5.5. Epoxy cementitious
3.5.6. Methyl Methacrylate (MMA)
3.6. Industry best practices & key buying criteria
3.7. Regulatory landscape
3.7.1. U.S.
3.7.2. Canada
3.7.3. Europe
3.7.4. Japan
3.7.5. China
3.8. Pricing analysis
3.8.1. Regional pricing
3.8.1.1. North America
3.8.1.2. Europe
3.8.1.3. Latin America
3.8.1.4. APAC
3.8.1.5. MEA
3.8.2. Cost structure analysis
3.9. Industry impact forces
3.9.1. Growth drivers by region
3.9.1.1. North America
3.9.1.2. Europe
3.9.1.3. Asia Pacific
3.9.1.4. Latin America
3.9.1.5. MEA
3.9.2. Industry pitfalls & challenges
3.10. Innovation & sustainability
3.11. Growth potential analysis
3.12. Competitive landscape, 2016
3.12.1. Market share analysis
3.12.2. Brand analysis
3.12.3. Key stake holders
3.12.4. Strategy dashboard
3.13. Porter's analysis
3.14. PESTEL analysis

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