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Floor Coatings Market is expected to hit $5.5 billion by 2030: Report by Allied Market Research
Floor Coatings Market
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A Look into the Market Dynamics
The report includes important inputs on the growth drivers, market restraints, and investment opportunities in the floor coatings industry which would help companies focus on the key areas in the landscape. For instance, the growth in the construction sector and the increased usage of coatings in industrial, commercial, and residential applications are expected to drive the growth market.
Moreover, the rise in population coupled with rapid industrialization across the globe are predicted to increase the demand for floor coatings over the forecast period. Additionally, the growing demand for improved strength of concrete surfaces is anticipated to stimulate the use of floor coatings significantly. Also, the rise in government investments across developing economies including India, Thailand, South Africa, and China, for the development of robust infrastructure is expected to create immense growth opportunities for the industry in the coming years.
Upcoming trends in the global floor coatings industry
The floor coatings industry has observed prominent advancements in terms of technology, environmental awareness, and consumer preferences. For instance, the use of advanced epoxy and polyurethane coatings offers superior durability, chemical resistance, and aesthetic versatility, making them popular in both industrial and residential settings. Moreover, the use of poly-aspartic coatings has become a preferred choice in commercial and industrial applications. These coatings have quicker curing time and offer extreme durability, enabling the sectors to minimize downtime.
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In addition, the industry has also emphasized the use of eco-friendly coatings such as low volatile organic compounds (VOC) and water-based coatings to improve indoor air quality and reduce environmental impact. Several leading players in the landscape have increasingly incorporated recycled content and renewable resources into floor coatings, aligning with global sustainability goals.
To satisfy the changing consumer preferences, top companies in the domain have brought aesthetic innovations. They have introduced antimicrobial, and hygienic coatings that help maintain sanitary conditions across various industries including healthcare, food processing, and hospitality industries by inhibiting the growth of bacteria and fungi. Some have also provided enhanced slip-resistant coatings which are important for safety in areas prone to moisture, such as kitchens, bathrooms, and industrial floors.
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Industry Highlights
Rapid industrialization and urbanization in emerging markets are driving the demand for advanced floor coatings, offering significant growth opportunities for manufacturers.
Innovations are focused on providing cost-effective yet high-quality flooring solutions, balancing performance with affordability to cater to a broader range of consumers.
Floor coatings are evolving to meet stricter health and safety regulations, including fire resistance, slip resistance, and low emissions standards.
Competitive Scenario
The competitive scenario discusses top market players and strategies adopted by them to sustain the dynamic industry. These strategies involve collaborations, mergers, partnerships, mergers, new product launches, and acquisitions.
Browse Full Report Summary: https://www.alliedmarketresearch.com/floor-coatings-market
The top players profiled in the report are:
Michelman Inc.
Ardex Endura,
Milliken & Company
Grand Polycoats Company Pvt. Ltd.
A & I Coatings
Key Resin Company
Apurva India Ltd.
Lubrizol
To conclude, the AMR report offers actionable data and market intelligence to aid companies in formulating strategies for their growth in the sector. Also, the competitive scenario of the floor coatings industry is presented in the report with the help of analytical tools like Porter's five forces which enable stakeholders to understand the core image of the landscape.
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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