Industrial Floor Coating Market 

The Industrial Floor Coating Market is expected to grow at a faster CAGR over the forecast period (2020-2027).

The factors driving growth of the Industrial Floor Coating Market includes growing demand for smooth flooring surfaces, expansion of the construction industry, rising focus on using bio-renewable resources in floor coating, increasing application industrial floor coatings in hospitals, manufacturing & industrial plants and showrooms, and improvements in the living standards. Industrial floor coating requires low maintenance cost, cost-effective, enhances aesthetic value and provides long-term performance, are some of the features pushing the market growth. Moreover, growing awareness about the use of industrial floor coating amongst end-users, technological advancements in coatings, rise in the launch of new products and increasing number of smart cities across the globe, are some of the additional factors supplementing the Industrial Floor Coating Market share. In addition, the increasing investments by major companies on research and development, strategic partnerships, and acquisitions between enterprises, rising disposable incomes and growing population growth rates, are further contributing to the market growth. 

However, growth of the Industrial Floor Coating Market is hindered due to variations in the prices of raw materials.

The prominent players operating in the Industrial Floor Coating Market are Akzo Nobel N.V., 3M Company, The Lubrizol Corporation, Asian Paints Ltd., Sto SE & Co. KGaA, RPM International Inc., The Sherwin-Williams Company, Axalta Coating Systems, LLC, BASF SE, Daw SE Group and PPG Industries, Inc., among others.

Based on Resin Type, the Epoxy segment is predicted to grow at a significant CAGR during the forecast period

Increasing use of epoxy-based resins in automobile industries, power plants, pharmaceutical industries, and nuclear power plants, because it provides high-performance and anti-skid surface floor, are pushing the segment’s growth.

Based on Flooring Material, the Concrete segment is projected to grow at a robust CAGR over the forecast period

Concrete enhances durability, cost-effective, provides resistance to dampness, and is easy to maintain, are some of the features propelling the segment’s growth.

Based on Region, the Asia-Pacific region is projected to grow at a remarkable CAGR during the forecast period

Rapid growth in the manufacturing industry, rise in Government’s expenditure on the construction of smart cities, increasing per capita incomes, growing adoption of advanced technologies and high population growth rates, are some of the important factors augmenting the Industrial Floor Coating Market size in the Asia-Pacific region.

Key Developments

• Akzo Nobel N.V. acquired Mauvilac Industries Limited, a paints and coatings company in Mauritius, Africa. The company also acquired local production facility, four concept stores, and a strong distribution network. Through this acquisition, the company planned to strengthen AkzoNobel’s customer reach across the African market.


• In 2020, Bona AB, introduced Excimer technology as part of its industrial coating offerings. This will enhance the product portfolio of the company.

Market Segmentation

Segmentation by Resin Type

• Epoxy


• Polyurethane


• Hybrid


• Others

Segmentation by Flooring Material

• Concrete


• Mortar


• Terrazzo


• Others

Segmentation by Coating Component

• One-component


• Two-component


• Three-component


• Four-component


• Five-component

Segmentation by Technology

• Water-borne


• Solvent-borne

Segmentation by End-Use Sector

• Manufacturing


• Aviation & Transportation


• Food Processing


• Science & Technology


• Others

Segmentation by Region

• Asia Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Rest of APAC
  
  
  
  


• North America
  
  
  
  • United States of America
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • United Kingdom
  
  
  • Germany
  
  
  • France
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• RoW
  
  
  
  • Brazil
  
  
  • South Africa
  
  
  • Saudi Arabia
  
  
  • UAE
  
  
  
  

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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