Global Industrial Floor Coating Market Information, By Flooring Material (Concrete, Mortar, Terrazzo), By Application (Residential, Commercial, and Industrial) and Regions – Forecast 2016-2022
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Market Insights
The Global Industrial Floor Coating Market is expected to expand at a promising CAGR during the forecast period of 2016 to 2022. Industrial Floor Coatings have manufacturing and commercial applications due to their ability to enhance the performance of floors and increase durability. A growing trend of using Floor Coatings has been observed, and changing consumption patterns are key factors affecting the Global Industrial Floor Coatings Market.
Ease of mobility and maintenance are some of the key features of Industrial Floor Coatings which drive demand for the same. Market players offer a variety of products that offer additional properties such as slip resistance, puncture resistance, microbial protection, decorative finish, and waterproof surface. These features combined with rapidly growing industrial activities are major drivers of the Global Industrial Floor Coatings Market as has been observed Market Research Future in their latest report on the subject. Industrialization is growing in the emerging economies thus increasing demand for Industrial Floor Coatings. Moreover, growing global environmental consciousness has encouraged market players to develop environmentally friendly products which have sustainable production methods and use recyclable sources. There is a lack of awareness regarding Industrial Floor Coatings which are expected to impede market growth to some extent.
Latest Industry News
Tennant Coatings has launched a new line of secondary containment coatings which are meant for industrial floors and walls to protect substrates in harsh industrial environments.
BASF has expanded its collaboration with Grolman to market its highly resistant floor coatings in Europe.
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Market Segmentation
The Global Industrial Floor Coatings Market is segmented based on Material, Application and Region. By Material, the market is segmented to include mortar, terrazzo, and concrete. By Application, the market is categorized by industrial, residential, and commercial. By Regions, the Global Industrial Floor Coatings Market has been divided into Europe, North America, Asia Pacific, and the Rest of the World.
Regional Analysis
A high concentration of emerging economies which have established themselves as industrial and manufacturing hubs have catapulted the Asia Pacific into a leadership position. The availability of low operating costs and comparatively low labor costs are driving local and international market players to establish industrial and manufacturing facilities in the region. The region’s natural variable climate is a strong motivator for the use of industrial floor coatings which offer floor durability among other benefits.
Meanwhile, North America is a significant market due to the growing advancements in commercial and educational industries where Floor Coatings are necessary to provide ease of maintenance and high durability. Industrial Floor Coatings are frequently used in hospitals, commercial buildings, large institutes and government buildings where there is often high foot traffic and increased floor wear and tear.
Key Players
Market players participating the in the Global Industrial Coatings Market include The Dow Chemical Company, Nora Systems, Inc., A&I Coatings Pty Ltd, CPC Floor Coatings , BASF SE, PPG Industries Inc., 3M Company, and Asian Paints PPG Pvt Ltd. These players have been featured and analyzed in MRFR’s report to offer an inside look at their leading marketing strategies.
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Source: MarketersMedia
Release ID: 411621
