Press release
Floor Coating Market to Grow Globally at a CAGR 6.9% Forecast to 2027 | Grand Polycoats,The Lubrizol Corporation,Maris Polymers S.A.,Michelman
Latest market study on “Global Floor coating Market to 2027 - Analysis and Forecasts by Type (Epoxy, Polyurethane, Acrylics, Polymethyl Methacrylate, and Others), Formulation (Solvent-Based and Water-Based), Coating Component (1K, 2K, and 3K), Flooring Material (Wood, Concrete, Mortar, Terrazzo, and Others), Application (Residential, Commercial, and Industrial)”, The global floor coating market is accounted to US$ 2,175.6 Mn in 2018 and is expected to grow at a CAGR of 6.9% during the forecast period 2019 - 2027, to account to US$ 3,941.2 Mn by 2027. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.Concrete is the most basic flooring material. Usually, it is only the surface of the slab that is poured directly on the gravel or dirt bed to install the foundation of a building. The concrete flooring material is not only durable, reliable, and incredibly long-lasting, but also developed a reputation for being utilitarian and course underfoot. However, modern advancements have given the flooring professionals a variety of design options that are allowing them to reinvent this primary building material entirely. Today concrete floors have the option to be polished smooth or even be textured to provide traction.
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These can also be stained or painted with a variety of techniques that allows them to replicate the appearance of natural materials or embed the floor with intricate printed designs. Traditionally concrete floorings have been used in locations where durability, utility, and ease of maintenance are more important than design. This includes a variety of environments that bear heavy equipment or machinery may routinely be used, or at places where staining agents may be familiar. It is also a popular commercial flooring alternative for areas of high traffic.
Strategic Insights
• Strategic market initiatives such as merger and acquisition have positively impacted the growth of the global floor coating market. The recent development in the global floor coating market is listed below:
• 2018: PPG acquired ProCoatings which is a leading architectural paint and coatings wholesaler located in The Netherlands. This acquisition will provide PPG’s business with even greater opportunities to support the customers and strengthen the company’s presence in this market
The List of Companies –
1. 3M Company
2. Apurva India Pvt. Ltd
3. Asian Paints Limited
4. Grand Polycoats
5. The Lubrizol Corporation
6. Maris Polymers S.A.
7. Michelman, Inc.
8. PPG Industries, Inc.
9. The Sherwin-Williams Company
10. Axalta Coating Systems Ltd.
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Increasing Use of Floor Coating in Sports Complexes are Creating growth opportunities for the global Floor Coating Market
The report analyzes factors affecting Floor Coatings market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors affecting the Floor Coatings market in these regions.
The report segments the global floor coating market as follows:
Global Floor coating Market - By Type
• Epoxy
• Polyurethane
• Acrylics
• Polymethyl Methacrylate
• Others
Global Floor coating Market - By Formulation
• Solvent-Based
• Water-Based
Global Floor coating Market - By Coating Component
• 1k
• 2k
• 3k
Global Floor coating Market - By Flooring Material
• Wood
• Concrete
• Mortar
• Terrazzo
• Others
Global Floor coating Market - By Flooring Material
• Residential
• Commercial
• Industrial
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The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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Call: +1-646-491-9876
Email: sales@theinsightpartners.com
Website: https://www.theinsightpartners.com/
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
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