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Industrial Floor Coating Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | PPG Industries Inc., AkzoNobel N.V., The Sherwin-Williams Company, A&I Coatings, Dow Chemical Company
Industrial Floor Coating Market Size
The Business Research Company offers in-depth market insights through Industrial Floor Coating Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The industrial floor coating market size has grown strongly in recent years. It will grow from $5.53 billion in 2023 to $5.92 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to rise in industrial expansion, rise in safety and durability, increased chemical resistance, demand for easy maintenance, rise in compliance with regulations.
The industrial floor coating market size is expected to see strong growth in the next few years. It will grow to $7.63 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to rising sustainability, increasing demand for hygienic surfaces, increasing use in industrial applications, growing pharmaceutical and healthcare industry, increasing pharmaceutical and healthcare. Major trends in the forecast period include sustainable coating solutions, high-performance epoxy coatings, decorative floor coatings, decorative floor coatings, fast-curing technologies.
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Market Segmentation:
The main types of industrial floor coatings made of resin are epoxy, polyurethane, hybrids, and others. Due to the strong adhesive properties of epoxy, it is used in structural and engineering applications. Epoxy resin is commonly used in the construction of vehicles, aircraft, snowboards, and bicycles. By floor material, the market is segmented into concrete, mortar, terrazzo, and others. By technology, the market is segmented into water-borne and solvent-borne. By component, the market segments are one-component, two-component, three-component, and four-component. Major end-use sectors of industrial floor coating include manufacturing, aviation and transport, food processing, science and technology, and others.
Major Driver - Industrialization Spurs Growth In The Industrial Floor Coating Market
The industrialization of floor coatings globally is significantly contributing to the growth of the industrial floor coating market. 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. For instance, Asian countries are expected to invest $9 trillion in infrastructure development for industrialization and urbanization. So, growing industrialization will drive the industrial floor coating market.
Competitive Landscape:
Major companies operating in the industrial floor coating market include PPG Industries Inc., AkzoNobel N.V., The Sherwin-Williams Company, A&I Coatings, Dow Chemical Company, Asian Paints PPG Pvt Ltd., Nora Systems Inc., RPM International Inc., Daw SE Group, CPC Floor Coatings, Cipy Polyurethanes Pvt. Ltd., Apurva Private Limited, ArmorPoxy Inc., Axalta Coating Systems Ltd., Conren Ltd., Florock Polymer Flooring, Grand Polycoats, Michelman Inc., BASF SE, Cornerstone Flooring LLC, Don Construction Products Ltd., Fosroc Inc., North American Coating Laboratories, Henkel AG & Co. KGaA, Jotun A/S, The Tennant Company, Stonhard Inc., Behr Process Corporation, 3M Company, The Lubrizol Corporation, Royal DSM N.V., Nippon Paint Co. Ltd., Elite Crete Systems Inc., Dur-A-Flex Inc., Key Resin Company, Tnemec Company Inc.
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Top Trend - Innovative Product Launches Transforming The Industrial Floor Coating Market
New product launches are a key trend in the industrial floor coating market. 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.
The Table Of Content For The Market Report 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
…..
27. Industrial Floor Coating Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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