Global Industrial Floor Coating Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Industrial Floor Coating Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global industrial floor coating market report has been segmented on the basis of binder type, flooring materials, end-use industries, and region.
Industrial floor coating offer maintenance, repair, and protection solutions for wide range of flooring requirements in commercial and industrial sectors. It is defined as thin layer coating on floor structure to protect floor from exposure and different types of harmful chemical and other. Industrial floor coatings offer sustainable solutions to improve performance of the floors in the commercial and industrial buildings by increasing durability of the concrete and various other flooring materials. Industrial floor coatings offer benefits such as ease of maintenance, easy movability, and better finishing. Industrial floor coatings are majorly utilized in the food & beverage processing sector to maintain purity, quality, and hygiene.
Favorable government regulations from regulatory bodies such as FDI coupled with high government investments to develop manufacturing sector are major factors expected to increase demand for industrial floor coating products, which in turn projected to drive growth of the global market. In addition, advantages offered by industrial floor coating products such as low maintenance cost, moisture resistant, corrosion resistant, and cost effectiveness is among factor expected to drive the global market growth.
Rapid globalization and industrialization is another factor expected to fuel growth of the global market in the next few years. Moreover, rising demand for industrial floor coating products from manufacturing and aviation and transportation sectors is another factor expected to propel the target market growth. In addition, increasing commercial and industrial constructions activities in developing and developed countries is additional factor projected offer lucrative revenue growth opportunities for key players operating in the global market. However, fluctuating cost of energy and raw materials and economic downturn in emerging economics are major factors expected to hamper the global market growth.
Among the binder type segments, the epoxy binder type segment is expected to account for major revenue share in the global industrial floor coating market. This can be attributed to its enhanced properties such as impact resistance, high adhesion, flexibility, and solvent and chemical resistance. The epoxy binder type segment is expected to register fastest revenue growth over the forecast period.
Among the flooring materials segments, the concrete materials segment is estimated to account for major share in terms of revenue in the global industrial floor coating market. The concrete materials segment is projected to register highest GAGR.
Among the end-use industries segments, the manufacturing segment is expected to account for moderate revenue share in the global industrial floor coating market. The food processing segment is anticipated to register highest GAGR.
The Asia Pacific market is estimated to register for moderate share in terms of revenue in the global market. This can be attributed to high demand from manufacturing and food processing sectors. The Asia Pacific market is anticipated to register highest GAGR, owing to rising demand for industrial floor coating products from various manufacturing sectors in countries in region.
Global Industrial Floor Coating Market Segmentation:
Global Industrial Floor Coating Market Segmentation:, by Binder Type:
- Others (acrylic and polyurethane)
Global Industrial Floor Coating Market Segmentation:, by Flooring Material:
Global Industrial Floor Coating Market Segmentation:, by End-user Industries:
- Aviation & Transportation
- Food Processing
- Science & Technology
- Others (hospitality, healthcare, and fire & public safety industries)
Global Industrial Floor Coating Market Segmentation:, by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- 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.
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