Global North America Floor Coatings Market 2022 Report Development Trends and Company Profile - 3m, Dow, Florock

Market Overview:
The North America Floor Coatings Market size was valued at USD 613.29 Million in 2021 and is projected to reach USD 970.72 Million by 2028, growing at a CAGR of 6.78% from 2022 to 2028.

Floor coatings are robust, corrosion-resistant layers utilized in applications where significant surface wear is anticipated. Residential, commercial, and industrial applications are among the final uses. Pharmaceutical manufacturing, research and laboratory facilities, hospitals and medical offices, food manufacturing and bottling facilities, restaurants and breweries, and warehousing and distribution facilities are just a few of the major application areas for industrial and commercial floor coatings. The properties of floor coatings vary. They are impervious to corrosive chemicals, water, hail, snow, detergents, and cleaning agents. Floor coatings are preferred in many industrial and construction industries because they give concrete floors waterproof, anti-static, anti-vibration, and anti-skid properties.

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Market Dynamics:
Driver:
Concrete floors are vulnerable to wear and tear from exposure to harsh and corrosive chemicals and oils, as well as damage from scratches and abrasions caused by heavy machines and equipment like airplanes and forklifts, in a variety of industrial settings, including warehouses, airplane hangars, assembly plants, paint shops, body shops, and distribution facilities. The strength and durability of floor coatings are added to regular concrete floors.

Opportunities:
Many governments and end users are employing greener and environmentally friendly floor coverings as a result of growing environmental concerns. Due to the increased emphasis on environmental, health, and safety laws in the locations where floor coatings are applied, end users are more likely to choose eco-friendly floor coatings. Therefore, manufacturers have chosen to use fewer volatile organic compounds (VOCs) in floor coatings and switch to coating products that are solvent-free in response to end users' demand for environmentally friendly products. Thus, it is anticipated that the market for floor coatings will gain ground as a result of end users' shifting preferences toward environmentally friendly floor coatings.

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Segmentation Analysis of North America Floor Coatings Market
By Technology, Water-borne segments is expected to have the maximum market share over the forecast period. Floor coatings that are water-borne solutions require a clean environment and surface. To ensure good results, the applicators need to be more precise, accurate, and clean throughout the process. The solid content in water-borne floor coatings is generally lower than in solvent-borne variants.
• Water-Borne
• Solvent-Borne
• Others

By Application, the Concrete segment accounted for the largest market share over the forecast period. Concrete is a construction material which is used in civil engineering structures for its strength and durability. For buildings, concrete enhances the aesthetics and make the building look more colourful. Protective coating systems are used to increase the durability of the concrete by preventing water ingress and to seal and accommodate surface cracks. The Wood segment accounted for the second-largest market share in near future. The coating of wooden floorings protects the wood and enhances its natural appeal. Outdoor wooden floors are prone to constant threat of warping, rotting, splintering, and fading due to weather. Terrazzo segment floors are made of marble or granite chips mixed with Portland cement, poured in place, and smoothened. Epoxy binders have become very common in synthetic terrazzo floors due to its lower cost of original installation. The others segment includes application surfaces, such as carpets, vinyl sheets, and basic tiling.
• Concrete
• Wood
• Terrazzo
• Others

By Product Type
• Epoxy
• Polyurethane
• Acrylic
• Polyaspartic
• Others

By Component
• One-Component
• Two-Component
• Three-Component
• Others

By End Use
• Residential
• Commercial
• Industrial

Regional Analysis of North America Floor Coatings Market
The North America market for floor coatings is projected to witness healthy growth during the forecast period, owing to the growth of the construction industry. The demand for concrete flooring is increasing on account of its durability, economic, easy maintenance, versatility, weatherproof, etc. The industry's growth is expected to increase over the forecast period by boosting economic growth in the region. The region is witnessing a rapid increase in construction growth across the US and Canada, with the residential sector a key driver of the pick-up, with improved economic conditions. Demand for construction services has been bolstered during most of the period by favourable macroeconomic conditions, including rising disposable income, relatively low interest rates, and increased access to credit.
• North America (U.S., Canada, Mexico)

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Top Key Players Covered In North America Floor Coatings Market
• 3m
• Akzo nobel n.v.
• Ppg industries, inc.
• The sherwin-williams company
• Mbcc group
• Dow
• Florock
• Asian paints ppg pvt. Limited
• Axalta coating systems ltd
• Dsm
• Rpm international inc
• The lubrizol corporation
• Other major players

Recent Industry Developments In North America Floor Coatings Market
In September 2020, PPG Industries announced the launch of PPG flooring coatings, which is 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. Users can choose from four flooring coating systems - general purpose, wear resistant, chemical resistant, and urethane cement - with additional customization options.

In August 2020, The Sherwin-Williams Company announced the launch of newest high[1]performance flooring portfolio. These systems are engineered for long-lasting performance, low-temperature cure, and fast return to service in environments, such as food and beverage plants, breweries, commercial kitchens, dairies, manufacturing facilities, garages, warehouses, and chemical processing plants.

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Table Of Content
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2: Executive Summary

Chapter 3: Growth Opportunities By Segment
 3.1 By Technology
 3.2 By Product Type
 3.3 By Component
 3.4 By Application
 3.5 By End Use

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing
Continue.

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