Industrial Floor Coatings Market Analysis By Industry Size, And Share, Manufacturers, Demand, Forecast 2025
Global industrial floor coatings market is expected to grow at a steady CAGR during the forecast period. The global industrial floor coatings market is driven by rapidly expanding construction industry. Additionally, support from government in terms of funding coupled with developing industrial sector is positively impacting the growth of market during the forecast period. Furthermore, upsurge in requirement for chemical resistant and tensile strength flooring is further expected to boost the growth of market over the next few years.
The global industrial floor coatings market is segmented based on resin, flooring material, component type, technology, end user, company, and region. Based on resin, the market can be categorized into polyurethanes, acrylic, polyesters, epoxy, fluoropolymer, alkyd and others. The epoxy segment is projected to grow with a high CAGR in the next 5 years which can be attributed to its superior properties like impact resistance, high adhesion, flexibility, and resistance to chemicals and solvents.
In terms of flooring material, the market is fragmented into concrete, mortar, terrazzo, others. Among them, the concrete segment is estimated to dominate the market in the next 5 years on account of its lower cost, superior durability, and its tensile strength which makes it suitable material for the construction of industrial floors.
The major players operating in the industrial floor coatings market are PPG Industries, Inc., AkzoNobel N.V., The Sherwin-Williams Company, BASF SE, RPM International Inc., 3M Company, The Daw Group, The Lubrizol Corporation, Asian Paints PPG Pvt. Ltd., The Dow Chemical Company, Ardex GmbH, Conren Limited, A&I Coatings, Carolina Painting Co, Florock Polymer Flooring, Nora System, GmbH, Maris Polymers SA, Grand Polycoats, Milliken & Company, Tambour Paints and others. The key market players are adopting some competitive strategies such as mergers & acquisitions, partnership, agreements in order to expand their geographic reach and to increase their customer basis.
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Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Objective of the Study:
- To analyze and estimate the market size of global industrial floor coatings market from 2015 to 2018.
- To estimate and forecast the market size of global industrial floor coatings market from 2019 to 2025 and growth rate until 2025.
- To classify and forecast global industrial floor coatings market based on resin, flooring material, component type, technology, end user, company and regional distribution.
- To identify dominant region or segment in the global industrial floor coatings market.
- To identify drivers and challenges for global industrial floor coatings market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global industrial floor coatings market.
- To conduct pricing analysis for global industrial floor coatings market.
- To identify and analyze the profile of leading players operating in global industrial floor coatings market.
- To identify key sustainable strategies adopted by market players in global industrial floor coatings market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers and presence of all major players across the globe.
TechSci Research calculated the market size of global industrial floor coatings market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Industrial floor coatings manufacturers
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to industrial floor coatings
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, global industrial floor coatings market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Global Industrial Floor Coatings Market, By Resin:
- Polyurethanes
- Acrylic
- Polyesters
- Epoxy
- Fluoropolymer
- Alkyd
- Others
- Global Industrial Floor Coatings Market, By Flooring Material:
- Concrete
- Mortar
- Terrazzo
- Others
- Global Industrial Floor Coatings Market, By Component Type:
- One-Component
- Two-Component
- Three-Component
- Four-Component
- Five-Component
- Global Industrial Floor Coatings Market, By Technology:
- Water-based
- Solvent-based
- High Solids
- Powder
- Others
- Global Industrial Floor Coatings Market, By End User:
- Transportation
- General Industrial
- Packaging
- Marine
- Aerospace
- Industrial Wood
- Others
- Global Industrial Floor Coatings Market, By Region:
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global industrial floor coatings market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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