Press release
Industrial Floor Coating Market Analysis, Trends, Growth, Research And Forecast 2032
Industrial Floor Coating Market
The Business Research Company's Industrial Floor Coating Global Market Report 2023 identifies industrialization of floor coatings globally as the major driver for the industrial floor coating market's growth in the forecast period. Industrial floor coatings are designed to meet the highest industry standards in chemical and corrosion resistance. These coatings are used in chemical plants, warehouses, and manufacturing floors.
The global industrial floor coating market size grew from $5.19 billion in 2022 to $5.5 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The industrial floor coating market size is expected to grow to $6.84 billion in 2027 at a CAGR of 5.6%.
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Major competitors in the industrial floor coating market are PPG Industries Inc., AkzoNobel N.V., The Sherwin-Williams Company, A&I Coatings, The Dow Chemical Company, Asian Paints PPG Pvt Ltd., Nora system Inc., RPM International, The Daw Group, CPC Floor Coatings, Cipy Polyurethanes Pvt. Ltd., Apurva India Private Limited, Armorpoxy.
A key trend in the industrial floor coating market includes new product launches. Companies are launching innovative and improved coating products to increase their customer base and revenues. For example, in 2021, Sika Group, a Swiss specialty chemical company, launched a new technology for ESD coatings. Sikafloor®-2350 ESD is a protective dissipative self-leveling system for concrete or cement screeds that is especially suitable for areas with low electrostatic charge requirements. In 2021, Unilin Technologies launched the Unicoat waterproof coating for flooring.
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The industrial floor coating market is segmented -
• By Resin Type: Epoxy, Polyurethane, Hybrid, Other Resin Types
• By Flooring Material: Concrete, Mortar, Terrazzo, Other Flooring Material
• By Technology: Water-Borne, Solvent-Borne
• By Component: One-Component, Two-Component, Three-Component, Four-Component
• By End-Use Sector: Manufacturing, Aviation & transportation, Food processing, Science & technology, Other End-User Sector
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the industrial floor coating market.
The Business Research Company's "Global Industrial Floor Coating Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Industrial Floor Coating Market Include:
1. Executive Summary
2. Industrial Floor Coating Market Characteristics
3. Industrial Floor Coating Market Trends And Strategies
4. Industrial Floor Coating Market - Macro Economic Scenario
5. Industrial Floor Coating Market Size And Growth
……
26. Africa Industrial Floor Coating Market
27. Industrial Floor Coating Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Industrial Floor Coating Market
29. Industrial Floor Coating Market Future Outlook and Potential Analysis
30. Appendix
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