Press release
Industrial Floor Coatings Market Brief Analysis By Top Key Players Sherwin-Williams, RPM International, Akzo Nobel, PPG Industries, BASF
Industrial Floor Coatings Market size is estimated to surpass USD 6 billion by 2024; according to a new research report.
Top Manufacturers in global market are given bellow:
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
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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.
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.
Industrial Floor Coatings Market, by Product
• Epoxy
• Polyaspartic
• Polyurethane
• Acrylic
• Epoxy cementitious
• Methyl methacrylate (MMA)
Industrial Floor Coatings Market, by Component
• Single component
• Double component
• Three component
• Four component
Industrial Floor Coatings Market, by Flooring Material
• Concrete
• Mortar
• Terrazzo
Industrial Floor Coatings Market, by Application
• Manufacturing
• Food processing
• Aviation & transportation
• Warehousing
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.
The above information is provided on a regional and country basis for the following:
• North America (U.S., Canada)
• Europe (Germany, UK, France, Italy, Spain, Poland, Russia)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Thailand)
• Latin America (Brazil, Mexico, Argentina)
• MEA (Saudi Arabia, UAE, Qatar, South Africa)
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.
Table of Content
Chapter 1 Methodology & Scope
1.1 Methodology
1.2.1 Secondary
1.2.2 Primary
Chapter 2 Executive Summary
2.1 Industrial Floor Coatings 3600 synopsis, 2013 – 2024
2.1.1 Business trends
2.1.2 Product trends
2.1.3 End use trends
2.1.4 Regional trends
Chapter 3 Industrial Floor Coatings Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 – 2024
3.6.1 Growth drivers
3.6.1.1 Enhanced power quality and security of supply
3.6.1.2 Improved system efficiency and longevity
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