Industrial floor coating is a clear, liquid substance applied on the floor, which hardens when dried to offer walking surface. It also provides aesthetic appeal and offers anti-skid and abrasion resistance.
Market Analysis and Insights: Global Industrial Floor Coatings Market
Due to the COVID-19 pandemic, the global Industrial Floor Coatings market size is estimated to be worth US$ 4577.6 million in 2022 and is forecast to a readjusted size of US$ 6204.9 million by 2028 with a CAGR of 5.2% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Epoxy accounting for % of the Industrial Floor Coatings global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Manufacturing segment is altered to an % CAGR throughout this forecast period.
In 2017, the manufacturing sector accounted for a larger share in the industrial floor coating market. This dominant market position is attributed to the exponential growth of the manufacturing industry globally. With the increase in manufacturing activities, the number of production plants have also increased, which has created an opportunity for the application of industrial floor coating in these facilities.
Global Industrial Floor Coatings Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Industrial Floor Coatings Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Epoxy
Polyaspartic
Others
Segment by Application
Manufacturing
Aviation & Transportation
Warehousing
Others
By Company
Akzo Nobel
BASF
PPG Industries
RPM international
Sherwin-Williams
3M
Florock Polymer Flooring Systems
Nora System
A&I Coatings
Roto Polymers and Chemicals
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina