Industrial Floor Coatings Market worth $7bn by 2024| AkzoNobel, Dow Chemicals Company, Sika AG, Kansai Paints, PPG Industries, BASF, Asian Paints, DSM, Sherwin-Williams, 3M, Nora System, Roto Polymers, Florock Polymer

According to a new research report by Global Market Insights, Inc., Industrial Floor Coatings Market is estimated to exceed USD 7 billion by 2024.

Epoxy dominated the market generated over USD 600 million revenue in 2017. They are used as surface coatings in manufacturing facilities, food & beverage industry and warehousing owing to its superior resistance against hot tire pickups, abrasion and heavy impact. Easy installation, durability and low maintenance are key factors luring consumers towards the epoxy based surfaces.

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Double component held over 50% of the volume share in 2017. High degree of tolerance against friction is driving its popularity in manufacturing sector. It is ideal for facilities with both heavy vehicle and pedestrian traffic. The product provides easy clean up as well as resistance against mechanical, chemical and bacterial elements.

Concrete material contributed over 85% of the overall industry share in 2017. Growing awareness among consumers on the limitations of concrete floor such as dust accumulation, difficulty in cleaning, cracking, microbial growth and weakening of reinforcement have fueled demand for concrete based surface coatings solutions.

Application in the warehousing segment will witness steady growth over the forecast timeline. Strong demand for high mechanical resistant surfaces along with an emphasis on safety will drive the product demand.

Regional Analysis:

APAC industrial floor coatings marketed is estimated to reach USD 2.9 billion by 2024. Favorable FDI norms coupled with government investments to expand the manufacturing sector will drive the regional growth. Moreover, the availability of low-cost raw materials and labor will enhance the region’s appeal as a manufacturing hub, which in turn, positively influences the industrial floor coatings market growth.

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Europe market is characterized by the presence of key industrial floor coatings manufacturers such as BASF, Dow Chemical and AkzoNobel. Strong demand from both domestic and international markets for major industrial output such as automotive, chemical and food will create lucrative opportunities for industrial floor coverings market in the region.

Companies Profiled:

Global industry share is moderately fragmented with the presence of both multinational and regional players. Akzo Nobel, Dow Chemical, Sika AG, Kansai Paints and PPG Industries are among the major industry players. Other notable participants include BASF, Asian Paints, DSM and Sherwin-Williams. Mergers & acquisitions, product portfolio expansion and supply agreements are key strategies adopted major industry players to gain market share.

Report Content:

Chapter 1 Methodology & Scope

1.1 Research Methodology

1.1.1 Initial data exploration

1.1.2 Statistical model and forecast

1.1.3 Industry insights and validation

1.1.4 Definitions, & forecast parameters

1.1.4.1 Definitions

1.1.4.2 Forecast parameters & considerations

1.2 Data Sources

1.2.1 Secondary

1.2.2 Primary

Chapter 2 Executive Summary

2.1 Industry 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 material trends

2.1.5 Application trends

2.1.6 Regional trends

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 Distributors/Dealers

3.3.4 End-users

3.3.5 Profit margin analysis

3.4 Distribution channel analysis

3.4.1 Vendor matrix

3.5 Technology landscape

3.5.1 Current industrial floor coatings production procedures overview

3.5.1.1 Epoxy

3.5.1.2 Polyurethane

3.5.1.3 Methyl Methacrylate (MMA)

3.6 Raw material analysis

3.6.1 Epoxy

3.6.2 Polyaspartic

3.6.3 Polyurethane

3.6.4 Acrylic

3.6.5 Epoxy cementitious

3.6.6 Methyl Methacrylate (MMA)

3.7 Industry best practices & key buying criteria

3.8 Regulatory landscape

3.8.1 U.S.

3.8.2 Canada

3.8.3 Europe

3.8.3.1 The DIRECTIVE 2004/42/CE, “the Paints Directive”

3.8.4 Asia Pacific

3.8.4.1 China

3.8.4.2 Japan

3.9 Pricing Analysis

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 Middle East & Africa

3.9.2 Cost structure analysis

3.10 Industry impact forces

3.10.1 Growth drivers

3.10.1.1 Growing construction spending along with rising count of small-scale manufacturers

3.10.1.2 Increasing FDI inflows accompanied by favourable government policies

3.10.1.3 Strong outlook in manufacturing and food processing industries along with technological advancements

3.10.2 Industry pitfalls & challenges

3.10.2.1 Fluctuating raw material prices

3.10.2.2 Limited operational constraints & high product prices

3.11 Innovation & sustainability

3.12 Growth potential analysis, 2017

3.13 Competitive landscape, 2017

3.13.1 Market share analysis, 2017

3.13.2 Brand analysis

3.13.3 Key stakeholders

3.13.4 Strategy dashboard

3.14 Porter’s analysis

3.15 PESTLE analysis

Chapter 4 Industrial Floor Coatings Market, By Product

4.1 Industrial floor coatings market share by product, 2017 & 2024

4.2 Epoxy

4.3 Polyaspartic

4.4 Polyurethane

4.5 Acrylic

4.6 Epoxy Cementitious

4.7 Methyl Methacrylate

Chapter 5 Industrial Floor Coatings Market, By Component

5.1 Industrial floor coatings market share by component, 2017 & 2024

5.2 Single Component

5.3 Double Component

5.4 Three Component

5.5 Four Component

Chapter 6 Industrial Floor Coatings Market, By Flooring Material

6.1 Industrial floor coatings market share by flooring material, 2017 & 2024

6.2 Concrete

6.3 Mortar

6.4 Terrazzo

Chapter 7 Industrial Floor Coatings Market, By Application

7.1 Industrial floor coatings market share by application, 2017 & 2024

7.2 Manufacturing

7.3 Food Processing

7.4 Aviation & Transportation

7.5 Warehousing

About Global Market Insights

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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