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Industrial Floor Coating Global Market Report 2024 by The Business Research Company | 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 In
Industrial Floor Coating Market Size
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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Industrial Floor Coating Market Major 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 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.
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Prominent 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.
Industrial Floor Coating Market Players
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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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the industrial floor coating market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial floor coating market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Industrial Floor Coating Market Report Structure
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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