The global Industrial Floor Coating market is expected to witness significant demand over the forecast period. It has been observed that the concrete floor erosion normally appears on exposed flooring that comes in contact with the regular wear and tear of production including heavy machinery, chemical spills, impacts, and excessive heat. Industrial Floor Coating Market size on the basis of Binder Type spans Epoxy, Polyaspartic, and Others. At times, what happens these continuous harsh situations compel the user to actually change the concrete floor. But this can give rise to various environmental and sanitation issues in a plants' production and process areas.
The cracks and
crevices that occur in a floor initiated by concrete erosion can give birth to
harmful bacteria that can ultimately generate complications for governing
agencies that examine your plant. All these issues can be resolved via
initiating a smooth and protective industrial floor coating system in the
respective production and process areas such as epoxy and urethane cement.
Prominent factors that are contributing in raising the share
of the market include high disposable income, augmentation in the modern
retailing and rise in the demand for commercial and manufacturing projects.
Other major factor that is also playing a key role in augmenting the demand for
Industrial Floor Coating include refinery, coal, cement, fertilizers, crude oil
and steel industry expansion especially in the emerging countries of the world.
Among all the binder segments, the epoxy segment will witness
largest gains as compared to others, the reason being rapid industrialization,
urbanization, and technological improvements in industrial activities.
Properties like high flexibility, adhesion, superior chemical and solvent
resistance are playing a key role in boosting the product’s demand. Industrial
Floor Coating Market size on the basis of Flooring Material spans Concrete,
Mortar, and Terrazzo.
Industrial Floor Coating Market size on the basis of Coating
Component spans One-Component, Two-Component, Three-Component, Four-Component,
and Five-Component. Among all the components, one-component coating segment is
currently covering the largest share. The factor that can be attributed to the
growth is the rise in the car parking areas, showrooms, warehouses, offices as
well as shops.
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On the contrary, two-component coating is also coming up
gradually in the market. It is extensively being employed in rental shops,
interior sport floors and showrooms. The factors that have improved its growth
include its excellent mechanical properties, quick treatment and ease in
application. Industrial Floor Coating Market size by End-use Sector spans
Manufacturing, Aviation & Transportation, Food Processing, Science &
Technology, and Others. Others may include hospitality, healthcare, and fire
& public safety industries.
Industrial Floor Coating Market size on the basis of
geography spans North America, Europe, Asia-Pacific, Middle East & Africa,
and Latin America. As far as the geography is concerned, North America is
currently leading the market and it is estimated that the market will witness a
robust growth rate in the near future. The Target Audience of the Industrial
Floor Coating Market include Industrial floor coating related technology investors,
Advanced floor coating researchers and developers, Market research and
consulting firms, Raw material suppliers, Floor coating manufacturers,
Architects & engineers, Construction contractors, Logistics partners,
Machinery suppliers, Regulatory bodies, and Building system associations. Key
players operating in the Industrial Floor Coating Market include Akzo Nobel
N.V., BASF SE, RPF International Inc, 3M Company, Dow Chemicals Inc, Nora
System Inc., Lubrizol Corporation, Maris Polymer S.A., ArmorPoxy, CPC, PPG
Industries Inc., The Sherwin-Williams Company, and Apurva India Pvt Ltd.
Market
Segment:
Geographically,
this report is segmented into several key Regions, with production,
consumption, revenue (million USD), market share and growth rate of Industrial
Floor Coating in these regions, from 2012 to 2022 (forecast), covering
• North America
• Europe
• China
• Japan
• Southeast Asia
• India
• North America
• Europe
• China
• Japan
• Southeast Asia
• India
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