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Future of Industrial Floor Coating Market: Size, Share & Forecasts to 2029
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.What Is the Projected Market Size Valuation of the Industrial Floor Coating Market by 2025?
In recent times, there has been a consistent expansion in the industrial floor coating market size. It's projected to escalate from a valuation of $5.88 billion in 2024 to approximately $6.17 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 5.0%. The historical progression of this market can be credited to various factors such as an upsurge in industrial growth, improved safety and durability, augmented chemical resistance, demand for easier maintenance, as well as increased adherence to regulations.
What Is the Estimated Market Growth Value for the Industrial Floor Coating Industry in 2029?
In the coming years, the market size for industrial floor coatings is anticipated to experience significant growth, reaching $8.02 billion in 2029 with a compound annual growth rate (CAGR) of 6.8%. This growth during the forecast period can be linked to the uptick in sustainability, mounting demand for cleaner surfaces, increased use of these coatings in industrial settings, and the expanding pharmaceutical and healthcare sector. In the same forecast period, leading trends are expected to center around eco-friendly coating solutions, high-end epoxy coatings, attractive floor coatings and rapid curing technologies.
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What Are the Growth Drivers and Opportunities in the Industrial Floor Coating Market?
The global industrial floor coating market is witnessing substantial growth due to the industrialization of floor coatings around the world. These coatings are engineered to comply with utmost industry norms for chemical and corrosion resistance. These applications can be found in factories, warehouses, and manufacturing floors. For example, an investment of about $9 trillion is expected from Asian countries towards the development of infrastructure for industrialization and urbanization. Thus, the expansion of industrialization acts as a driving force for the growth of the industrial floor coating market.
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What Are the Primary Segments Covered in the Global Industrial Floor Coating Market Report?
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 And transportation, Food processing, Science & technology, Other End-User Sectors
Subsegments:
1) By Epoxy: 100% Solid Epoxy, Water-Based Epoxy, Solvent-Based Epoxy
2) By Polyurethane: Aliphatic Polyurethane, Aromatic Polyurethane
3) By Hybrid: Epoxy-Polyurethane Blends, Other Hybrid Formulations
4) By Other Resin Types: Acrylic Floor Coatings, Vinyl Ester Coatings, Cementitious Coatings
What Are the Top Growth Trends in the Industrial Floor Coating Market?
Leading corporations in the industrial floor coatings market are concentrating their efforts on producing innovative products like car park floor coatings to boost their durability, safety, and aesthetic appeal, catering to the changing requirements of diverse industries. Car park floor coatings serve as specific protective layers for parking facility floors to amplify their durability, safety, and visual appeal. For example, Jotun, a chemicals company based in Norway, introduced Jotafloor in March 2023. Jotafloor, a type of car park floor coating, is utilized in both domestic and commercial environments such as warehouses, educational institutions, shopping centers, and healthcare facilities. Jotafloor coatings are designed for remarkable durability, promising sustained performance even in areas with heavy footfall. These coatings also aid in enhancing visibility by illuminating areas, which is especially beneficial in car parks.
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Which Companies Are Shaping the Future of the Industrial Floor Coating Market?
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.
Which Region Holds the Largest Market Share in the Industrial Floor Coating Industry?
Asia-Pacific was the largest region in the industrial floor coating market in 2024. 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.
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