Industrial Floor Coating Market:Overview
Industrial floor coating is a liquid substance applied on thefloor. These turn into hard substances when dry, thereby providing walkingsurface. Industrial floor coatings offer resistance to abrasion, chemicals,etc. The trend of using seamless flooring is gaining prominence in theindustrial floor coating market.
Industrial Floor Coating Market: KeySegments
The globalindustrial floor coating market can be segmented based on binder type, flooring material,coating component, end-user, and region. In terms of binder type, the globalindustrial floor coating market can be classified into epoxy, polyaspartic, andothers (including acrylic and polyurethane). The epoxy segment is expandingsignificantly, as epoxy binders possess attributes such as high adhesion, flexibility,and solvent resistance. Based on flooring material, the global industrial floorcoating market can be divided into concrete, mortar, and terrazzo. The concretesegment dominates the market, led by its easy installation process, costefficiency, durability, and high tensile strength. In terms of coatingcomponent, the global industrial floor coating market can be categorized intoone-component, two-component, three-component, four-component, andfive-component. The four-component segment leads the industrial floor coatingmarket owing to its features such as, smooth, hygienic, and easy clean floorfinishing. Based on end-user, the global industrial floor coating market can bedivided into manufacturing, aviation & transportation, food processing,science & technology, and others. The others segment includes hospitality,healthcare, and fire & public safety industries. The manufacturing segmentis gaining momentum due to the rise in production plants and increase inindustrialization in emerging economies.
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Industrial Floor Coating Market: Trends& Developments
The industrial floor coating market is expanding significantlyowing to the increase in demand for these coatings in the food processingindustry. Additionally, rapid growth in urbanization and increase in governmentinitiatives to provide improved manufacturing facilities in emerging economiesare boosting the industrial floor coating market. Rise in demand for chemicalresistant and tensile strength flooring is propelling the global industrialfloor coating market. However, high cost of raw materials and implementation ofstringent government regulations on usage of these coatings in the foodindustry are hampering the global industrial floor coating market.Nevertheless, rise in infrastructure and commercial construction is creatingopportunities for the global industrial floor coating market.
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Industrial Floor Coating Market:Regional Outlook
Based on region, the global industrial floor coating market canbe split into North America, Europe, Asia Pacific, Middle East & Africa,and Latin America. Asia Pacific is expected to account for the major share ofthe global industrial floor coating market during the forecast period due tothe rise in industrialization and commercialization is emerging economies suchas China, India, Vietnam, and Malaysia. North America and Europe holdsignificant share of the industrial floor coating market owing to the highdemand for these coatings in aviation & transportation and food processingindustries. The global industrial floor coating market in Latin America isanticipated to expand substantially owing to the increase in urbanization andcommercialization activities.
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Industrial Floor Coating Market: KeyPlayers
Key players operating in the global industrial floor coatingmarket include PPG Industries, Inc., The Sherwin-Williams Company, Akzo NobelN.V., BASF SE, RPM International Inc., 3M Company, The DOW Chemical Company,Koninklijke Dsm N.V., The Lubrizol Corporation, Asian Paints PPG Pvt. Ltd.,Florock Polymer Flooring Systems, Nora System, Inc., Maris Polymers Sa,Plexi-Chemie, Inc., and Grand Polycoats.
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