Industrial Floor Coating Market Size And Analysis, Trends, Recent Developments, And Forecast Till 2027
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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Industrial floor coating is a liquid, transparent, material applied on the floor, which hardens when dried to provide a walking surface. It also contributes to the aesthetic appeal and provides anti-skid and abrasion protection. Solvent-free coatings are environment-friendly and offer advantages, including minimal drying time, uniform finish, more exceptional film thickness, and no odor during application. The design of solvent-free industrial coatings has led to the increasing adoption of innovative technologies like the high molar volume technology. This technology incorporates innovative polymer design, including a higher volume per mass than that of traditional high molecular weight agents. This higher volume of pigment produces thicker adsorbed layers and extra-durable pigment dispersions. The cost of epoxy flooring is reasonable which is driving the demand of the product.
The North America region accounts for the largest share of 30.3% of the market in 2019. The high demand is due to the production capacities of key companies in the region, which is resulting in the growth of the industry. Advancement in technology in the manufacturing sector due to excellent transportation and more eminent automation for material movement are among crucial factors propelling the demand for surface finishing products.
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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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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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