[PDF] What Are The Regulations Impacting The Floor Coatings Market?
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Floor Coatings Market Is Growing With the Rapid Growth of the Growing Construction Industry
Floor coatings are durable, protective layers applied to surfaces that are subjected to extreme wear or corrosion. These coatings are used to ensure proper protection and maintenance of floors. They provide an effective barrier against liquids, mud, and grease. Floor coatings offer high resistance to impact, abrasion, and chemicals, while adding to aesthetic appeal. They are easy to implement, cost-effective, and widely available, and provide adequate protection to the applied surface. There are various types of floor coatings available in the market, depending on the structure, environment, and specific needs of consumers. Thus, there is an increasing demand for such type of coatings in the construction industry.
Thus, growth of the floor coatings market is mainly driven by the rapidly growing construction industry and increasing use of coatings in commercial, residential, and industrial, applications. According to the India Brand Equity Foundation (IBEF), India is expected to become the third largest construction market in the world by 2025. In fact, India, China, and the United States are expected to account for almost 60% of all global growth in the sector by 2025. Application areas of floor coatings include airplane hangars, garages, commercial/retail stores, showrooms, hospitals, warehouses, and manufacturing/industrial plants, among others.
Floor coatings protects floors from cracks, stains, moisture, and provides a smooth, durable, and high-performance surface, which lasts for several years and withstands heavy load. For example, in November 2020, PPG launched PPG Flooring coatings, a comprehensive line of coating systems that include prime coats, base coats, and topcoats and are tailored to provide optimum performance based on the specific work environment. All PPG coatings are designed to optimize specific end-use requirements, including general-purpose flooring, wear-resistant flooring, chemical-resistant flooring, urethane cement flooring, etc. This in turn is expected to accelerate the growth of the floor coatings market.
Moreover, growth of the floor coatings market, in the Asia Pacific, is driven by the increasing government investments on infrastructures (corporate and commercial), which in turn increase the demand for floor coatings. The infrastructure sector has become the biggest focus area for the Indian Government, and thus, government has decided to invest in infrastructure sector. According to IBEF, India planned to spend US$ 1.4 trillion on infrastructure during 2019-23 to have a sustainable development of the country. Furthermore, properties such as low VOCs, excellent abrasion, resistance to oil stains & water, and less odor during installation are benefits that are fueling the demand among commercial and industrial applications.
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Table of Contents
Research Objectives and Assumptions
Market Dynamics, Regulations, and Trends Analysis
Global Floor Coatings Market – Impact of Coronavirus (Covid-19) Pandemic
Global Floor Coatings Market, By Price Range, 2017 - 2027 (US$ Million)
Global Floor Coatings Market, By Operating System, 2017 - 2027 (US$ Million)
Global Floor Coatings Market, By Region, 2017- 2027 (US$ Million)
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2016-2027) of the following regions are covered:
North America (Canada, Mexico)
Europe (UK, France, Italy)
Asia-Pacific (China, Japan)
South America (Brazil, Argentina)
Middle East and Africa
Key questions answered in this report:
Which players hold the significant Floor Coatings market share and why?
What strategies are the Floor Coatings market players forming to gain a competitive edge?
Why region is expected to lead the global Floor Coatings market?
What factors are negatively affecting the Floor Coatings market growth?
What will be the value of the global Floor Coatings market by the end of 2027?
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Primary Research (Trade Surveys and Experts Interviews)
Proprietor Data Analytics Model
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