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Industrial Floor Coatings Market Analysis By key Players – Sherwin-Williams, PPG Industries, Axalta Coating Systems, Kansai Paints, Asian Paints, Tambour, Akzo Nobel, BASF, 3M, Roto Polymers
Industrial Floor Coatings Market
Industrial Floor Coatings Market size is estimated to surpass USD 6 billion by 2024; according to a new research report. Strong application potential in food processing industry to maintain hygiene, quality and purity will fuel industry growth. Global food processing industry will register 6% growth through to 2024. The industry contributes significantly in industrial floor coatings revenue generation owing to rising quality standards.
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Double component accounts for over 50% of market share in 2016. Offering high toughness to withstand maximum possible friction on the floor is among the key feature driving product demand. Chemical resistance towards various organic and inorganic acids, wastes, alkalis, water and petroleum products will enhance growth.
Growing demand for strong and high mechanical resistant floors in storehouses will drive demand in warehousing segment. Industrial floor coating demand from aviation and transportation stood at over 115 kilo tons in 2016.
Germany will observe over 6% growth up to 2024. Presence of major automotive manufacturing facilities in the country will drive regional industry growth. Germany generated over USD 30 million from aviation and transportation application.
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Presence of numerous multinational and domestic manufacturers makes the global industrial floor coatings market share highly competitive and fragmented in nature. Mergers & acquisitions, product portfolio expansion and supply agreements are some of the business development strategies adopted major industry players.
Asian Paints, Sherwin-Williams, RPM International, Akzo Nobel, PPG Industries, BASF, Axalta Coating Systems, Roto Polymers, Tambour, Maris Polymers, Nora System, Milliken & Company, ArmorPoxy and Florock Polymer are among the key industry players. Other notable companies includes DSM, Dow Chemical, Apurva India, Koninklijke Grand Polycoats, The Lubrizol, Plexi-Chemie, Michelman, Pro Maintenance and Ardex Endure.
Industrial Floor Coatings market research report includes in-depth coverage of the industry with estimates & forecast in terms revenue in USD million from 2013 to 2024, for the following segments:
Industrial Floor Coatings Market by Product
- Epoxy
- Polyaspartic
- Polyurethane
- Acrylic
- Epoxy cementitious
- Methyl methacrylate (MMA)
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Industrial Floor Coatings Market by Component
- Single component
- Double component
- Three component
- Four component
Industrial Floor Coatings Market by Application
- Manufacturing
- Food processing
- Aviation & transportation
- Warehousing
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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