Global Floor Coatings Market 2016: Epoxy, Urethane

Latest industry research report on Floor Coatings. The floor is the most important component in a building structure, and it is prone to high amount of corrosion and wear, thus requiring protection and proper maintenance. Coatings used for floor provide protection, high abrasion, impact resistance, and corrosion resistance.

Floor coatings vary in terms of features, properties, and specifications depending upon the parts and the environment where they are to be coated. They broadly include sealers and sealants. Sealers help to protect the surface from oxidation and wear, whereas sealants prevent the entry of moisture and dirt over the surface of the coating. Floor coatings are used as decorative and cold room coatings as well. Factors expected to boost the demand for floor coatings are their increasing use in the food industry, as well for decorative purposes, and the growing market for construction.

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On the basis of resin type, the floor coatings market is segmented into epoxy, urethane, and others. The epoxy floor coatings segment was the largest in 2015, in terms of volume; it is expected to grow at a moderate rate during the forecast period, as it exhibits high strength and low shrinkage during curing. Based on the sector, the market is divided into residential, commercial, and industrial coatings. According to application, it is categorized into indoor and outdoor.

Based on geography, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific was the largest market in terms of both volume and value in 2015 due to growing construction industry and increasing population. Regional markets are further split into key countries in this study. The key strategies adopted by companies to expand are expansions, acquisition, product launches, and collaborations. Key players in this market are Tambour Paints, 3M, Asian Paints, Akzo Nobel N.V., Nora Systems Inc., and Maris Polymers.

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