Industrial Floor Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026


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Transparency Market Research

$ 5795

Industrial floor coating is a liquid substance applied on the floor. These turn into hard substances when dry, thereby providing walking surface. Industrial floor coatings offer resistance to abrasion, chemicals, etc. The trend of using seamless flooring is gaining prominence in the industrial floor coating market.

Industrial Floor Coating Market: Key Segments

The global industrial floor coating market can be segmented based on binder type, flooring material, coating component, end-user, and region. In terms of binder type, the global industrial floor coating market can be classified into epoxy, polyaspartic, and others (including acrylic and polyurethane). The epoxy segment is expanding significantly, as epoxy binders possess attributes such as high adhesion, flexibility, and solvent resistance. Based on flooring material, the global industrial floor coating market can be divided into concrete, mortar, and terrazzo. The concrete segment dominates the market, led by its easy installation process, cost efficiency, durability, and high tensile strength. In terms of coating component, the global industrial floor coating market can be categorized into one-component, two-component, three-component, four-component, and five-component. The four-component segment leads the industrial floor coating market owing to its features such as, smooth, hygienic, and easy clean floor finishing. Based on end-user, the global industrial floor coating market can be divided into manufacturing, aviation & transportation, food processing, science & technology, and others. The others segment includes hospitality, healthcare, and fire & public safety industries. The manufacturing segment is gaining momentum due to the rise in production plants and increase in industrialization in emerging economies.

Industrial Floor Coating Market: Trends & Developments

The industrial floor coating market is expanding significantly owing to the increase in demand for these coatings in the food processing industry. Additionally, rapid growth in urbanization and increase in government initiatives to provide improved manufacturing facilities in emerging economies are boosting the industrial floor coating market. Rise in demand for chemical resistant and tensile strength flooring is propelling the global industrial floor coating market. However, high cost of raw materials and implementation of stringent government regulations on usage of these coatings in the food industry are hampering the global industrial floor coating market. Nevertheless, rise in infrastructure and commercial construction is creating opportunities for the global industrial floor coating market.

Industrial Floor Coating Market: Regional Outlook

Based on region, the global industrial floor coating market can be split into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is expected to account for the major share of the global industrial floor coating market during the forecast period due to the rise in industrialization and commercialization is emerging economies such as China, India, Vietnam, and Malaysia. North America and Europe hold significant share of the industrial floor coating market owing to the high demand for these coatings in aviation & transportation and food processing industries. The global industrial floor coating market in Latin America is anticipated to expand substantially owing to the increase in urbanization and commercialization activities.

Industrial Floor Coating Market: Key Players

Key players operating in the global industrial floor coating market include PPG Industries, Inc., The Sherwin-Williams Company, Akzo Nobel N.V., BASF SE, RPM International Inc., 3M Company, The DOW Chemical Company, Koninklijke Dsm N.V., The Lubrizol Corporation, Asian Paints PPG Pvt. Ltd., Florock Polymer Flooring Systems, Nora System, Inc., Maris Polymers Sa, Plexi-Chemie, Inc., and Grand Polycoats.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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