Press release
Industrial Floor Coating Market Report: Size, Share, Growth, Trends, Demand, Insights And Forecast Up To 2033
Industrial Floor Coating Market
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.
Market Overview -
Floor coatings are tough, protective layers used in applications where heavy surface wear or corrosion is expected. Typical applications include chemical plants, warehouses, and manufacturing floors. Floor coatings are also used to brighten or define areas of facilities.
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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.
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.
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Key Segments -
The industrial floor coating market covered in this report is segmented -
1) By Resin Type: Epoxy, Polyurethane, Hybrid, Other Resin Types
2) By Flooring Material: Concrete, Mortar, Terrazzo, Other Flooring Material
3) By Technology: Water-Borne, Solvent-Borne
4) By Component: One-Component, Two-Component, Three-Component, Four-Component
5) By End-Use Sector: Manufacturing, Aviation & transportation, Food processing, Science & technology, Other End-User Sector
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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