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Industrial Floor Coatings Market | Regional Growth Forecast 2019-2024

Author : Rahul Varpe | Published Date : 2019-07-26 

The latest report on 'Industrial Floor Coatings Market' Added by Global market insights, inc , provides a concise analysis of the industry size, revenue forecast and regional spectrum of this business. The report further illustrates the major challenges and the latest growth strategies adopted by key players who are a part of the dynamic competitive spectrum of this industry.  

According to a new research report by Global Market Insights, Inc. Industrial Floor Coatings Market size is estimated to exceed USD 7 billion by 2024. Global industry share is moderately fragmented with the presence of both multinational and regional players. Akzo Nobel, Dow Chemical, Sika AG, Kansai Paints and PPG Industries are among the major industry players. Other notable participants include BASF, Asian Paints, DSM and Sherwin-Williams. Mergers & acquisitions, product portfolio expansion and supply agreements are key strategies adopted major industry players to gain market share.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/1193

Impact of food processing sector on industrial floor coatings market size

Industrial floor coatings market is expected to witness strong application potential in the food and beverage processing industry. While working in the food processing industry, it is quite important to keep all the areas clean – especially the floor. Certain food constituents such as blood, sugar, acids, oils, fats, etc. often fall onto the floors, which are highly susceptible to infections and contaminations. In response to this fact, it is highly important to maintain the sanitary standards of the floors, which has provided a major thrust to the demand of industrial floor coatings market from this application. As per estimates, in 2017, industrial floor coatings market size from food processing was valued at USD 1.5 billion and is further expected to grow at an appreciable pace over 2018-2024.

Many of the food processing industries rely on the epoxy type of coatings, which are highly durable and withstand strong chemical resistance & thermal shocks. Contributing to over 50% of the overall industrial floor coatings market, epoxy is estimated to be register a y-o-y growth of 6% over 2018-2024.

- Industrial Floor Coatings Market, by Flooring Material

• Concrete
• Mortar
• Terrazzo

- Industrial Floor Coatings Market, by Application

• Manufacturing
• Food processing
• Aviation & transportation
• Warehousing

Browse Report Summery @ https://www.gminsights.com/industry-analysis/industrial-floor-coating-market

Industrial floor coatings market demand from warehouse applications

Many industries and manufacturing plants witness repeated spills or a high likelihood of oils, grease, or liquids on the floor. In addition to this, floors of warehouses and manufacturing units also need to withstand wear and tear, created by heavy machinery, high impacts, and excessive heat. Subject to this fact, industrial floor coatings market is gaining huge demand from this application, on account of thriving profoundly on the cusp of rapid industrialization and urbanization. The prominent economies of Asia Pacific including China, Malaysia, India, Vietnam, and Japan promise great potential for the growth of industrial floor coatings industry, owing to rapid infrastructural development. As per estimates, APAC industrial floor coatings market is expected to record a CAGR of 8% over 2018-2024.

The concrete flooring material is witnessing noticeable demand from the manufacturing and warehouses applications. Owing to its superior properties of wear & tear, prevention from abrasion, scratch resistance, and ease of maintenance with excellent aesthetics, industrial floor coatings marker share from concrete materials stood at USD 3 billion in 2017 and is likely to grow at CAGR of 7.5% over 2018-2024.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1193

Demand for bio-based industrial floor coatings to drive the future market trends

The global industrial floor coatings market is witnessing a paradigm shift toward environment-friendly floor coatings. Rising concerns over the fluctuating crude oil prices and the growing dependency on fossil fuel have stimulated the paints & coating industry to strive for sustainability. Growing consumer awareness regarding the impact of synthetic resins on the environment has created huge scope for the industry players to focus on the development of bio-based coatings. Bio based floor coatings are derived from natural sources such as soybean oil, succinic acid, sunflower oil, rapeseed oil, and castor oil.

Industrial floor coatings market size is certainly liable to surge over the coming years with a projected CAGR of 7.2% over 2018-2024. Some of the other renowned names in industrial floor coatings industry include Dow Chemical, Sherwin-Williams, Akzo Nobel, BASF, Asian Paints, PPG Industries, Tambour, 3M, Kansai Paint Co., Ltd, and Milliken & Company.

Read more news @ https://www.marketwatch.com/press-release/transparent-ceramics-market-2019-business-growth-trend-and-forecast-2025-2019-07-26

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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