Industrial Floor Coatings Market 2018-2024 | key players Sherwin-Williams, PPG Industries, Axalta Coating Systems, Kansai Paints, Asian Paints, Tambour, Akzo Nobel, BASF, 3M and Roto Polymers

Increasing number of manufacturing units coupled with rising industrialization is anticipated to drive industrial floor coatings market growth. Customer preference for better quality finishing and chemical resistant flooring will support product demand.

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Industrial Floor Coatings Market size is estimated to surpass USD 6 billion by 2024; according to a new research report by Global Market Insights, Inc. 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.

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. Epoxy cementitious is the fastest growing segment increasing over 6.5% rate up to 2024. Effective layering with single coats, high resilience and excellent resistance to chemicals and mechanical impacts will propel demand.

Oscillating crude oil prices will impact industrial floor coatings market price trend. R&D on bio based coating materials owing government regulations on material residues will open new avenues in the industry. Concrete contributed over 85% overall industry share in 2016, superior features including better wear & tear and scratch resistance has positively influenced material demand. Ease of customization, low maintenance and appealing finishing drives the product consumption in several industries.

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APAC industrial floor coatings market is anticipated to be valued over USD 2.5 billion by 2024. China and India are projected to be among the key revenue generating countries. Favorable FDI norms along with increase in government spending to expand manufacturing sector will drive regional growth. 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.

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.

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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