Reports and Data estimates the global Industrial Floor Coating Market competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2018-2027 as the forecast period. The report offers CAGR and market size for the global Industrial Floor Coating Market during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include: Axalta, PPG Industries, Kansai Paints, BASF, Sherwin-Williams, Akzo Nobel, 3M, Nora System, Florock Polymer, Roto Polymers, Tambour and Maris Polymers.
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Material Outlook:
Polyaspartic coatings’ characteristics of high strength and hardness make them superior over regularly used coatings such as epoxy and polyurethanes. With direct sunlight, epoxy coatings tend to fade and can turn yellow with aging. Other factors, such as greater film thickness, low color values, reduced drying times, odorless, long pot life, and excellent compatibility with most surfaces, make them favorable for concrete floor applications. They are also subjected to hot tires when implemented on a parking platform or garage floor. These coatings are suitable for harsh environment applications as they offer prevention against corrosion.
Commercial epoxy floor coating’s segment is gaining traction with the rise in demand for industrial flooring.
Application Outlook:
The industrial sector segment is contributing significantly to the growth of this industry. Industries such as machinery manufacturing, automotive industry, food processing, aviation & transportation, science & technology are using these substances. The growth of the industries is anticipated to lead to the demand for industrial floor coatings. Industrial grade epoxy floor coating is propelling the growth of the industry.
Industry growth, including mining, metallurgical, oil & gas due to the high demand for tough ground in the usage of various liquid, solvents, chemicals, and high temperatures are also promoting the growth. Excellent surface strength enhanced adhesion and high-performance chemical-proof advantages, are mostly spurring the market size. Increase infrastructure spending in the manufacturing sector is among the vital factors fueling the market growth.
Regional Outlook:
North America region accounts for the largest share of 30.3% of the market in 2019. Due to the increased production capacities of dominant companies in the region drives the growth. Technological progress in the manufacturing sector due to more eminent automation for material movement and excellent transportation are among crucial factors propelling the demand for surface finishing products.
Asian countries are anticipated to invest USD 9 trillion in support of development between 2010 and 2020. A significant share of these investments is expected to be allocated in production industries to promote the needs of the increasing population, kindling the business growth over the forecast period.
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Component Type Outlook (Revenue, USD Million; 2017-2027)
- One-Component
- Two-Component
- Three-Component
- Four-Component
- Five-Component
Application Outlook (Revenue, USD Million; 2017-2027)
- Manufacturing
- Food Processing
- Aviation & Transportation
- Science & Technology
- Others
Floor Cover Outlook (Revenue, USD Million; 2017-2027)
- Concrete
- Mortar
- Terrazzo
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
- What is the expected year-on-year growth of the Industrial Floor Coating Market during the forecast period?
- What key trends are expected influence revenue growth of the market going ahead?
- Which region is expected to account for largest revenue share over the forecast period?
- Which key companies are profiled in the report?
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