The Industrial
Floor Coating Market is expected to reach USD 9.12 Billion by 2026,
according to a new report by Reports and Data. Industrial Floor Coating Market
is driven principally by the manufacturing industry. Construction activities
led by developing economies across the world will further boost the growth of
the market. Increasing awareness concerning the floor coatings due to dust
resistant, durable, abrasion-resistant, and waterproof features is encouraging
the market demand. Emerging end-use industries, driving to the expansion of
manufacturing plants and facilities is further promoting market growth.
Accelerated industrialization, the growing trend for long-lasting yet aesthetic
floor across manufacturing plants, factories, warehouses, and equipment units
are also contributing the market growth.
The market in the APAC region is
expected to witness the highest CAGR of 7.4% during the forecast period.
Various applications including heavy equipment & machinery, food
processing, logistics & warehouse, and chemical industries, are majorly
increasing the market share.
To identify the key trends in
the industry, click on the link below:
Further key findings from
the report suggest
- The Industrial Floor Coating Market is estimated to
reach USD 9.12 Billion by 2026, at a CAGR of 7.1% during the forecast
period.
- Floor coatings work as a sealer on the concrete. The
use of coating aids avoid staining, seepage, and cracking of concrete.
- Additionally, it decreases allergens by limiting the
growth of microorganisms, which may form on the floor due to leakage or
spillage.
- The four component type accounts for the largest
share of 30.7% of the market in 2018.
- The polyaspartic material is anticipated to grow at
the highest rate of 7.9% during the forecast period.
- The food processing application segment is
anticipated to grow at the highest rate of 7.4% during the forecast
period.
- The mortar floor cover is anticipated to grow at the
highest rate of 8.1% during the forecast period.
- Increasing construction activities in developing
economies is also an essential factor fueling the market.
- North America region accounts for the largest share
of 30.3% of the market in 2018. 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
the material movement and excellent transportation are among crucial
factors propelling the demand for surface finishing products.
- Government prevailing regulatory norms for food and
beverage manufacturing firms mandating enhanced hygienic standards in the
facilities across the region is actively encouraging market growth.
- 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.
- The Key players in the Industrial Floor Coating
Market include Axalta, PPG Industries, Kansai Paints, BASF,
Sherwin-Williams, Akzo Nobel, 3M, Nora System, Florock Polymer, Roto
Polymers, Tambour and Maris Polymers are key players in the market.
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For the purpose of this study,
Reports and Data have segmented the market on the basis of Material, Component
Type, Application, Floor Cover, and region:
Material Outlook (Volume, Kilo
Tons; and Revenue, USD Million; 2016-2026)
- Epoxy
- Polyaspartic
- Others
Component Type Outlook
(Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)
- One-Component
- Two-Component
- Three-Component
- Four-Component
- Five-Component
Application Outlook (Volume,
Kilo Tons; and Revenue, USD Million; 2016-2026)
- Manufacturing
- Food Processing
- Aviation & Transportation
- Science & Technology
- Others
Floor Cover Outlook (Volume,
Kilo Tons; and Revenue, USD Million; 2016-2026)
- Concrete
- Mortar
- Terrazzo
Regional Outlook (Volume, Kilo
Tons; and Revenue, USD Million; 2016-2026)
- North America
- U.S.
- Europe
- France
- UK
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Middle East & Africa
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