According to the new research report published by The Insight Partners, titled “The floor coating market is accounted to US$ 2,175.6 Mn in 2018 and is expected to grow at a CAGR of 6.9% during the forecast period 2019 - 2027, to account to US$ 3,941.2 Mn by 2027. The report includes key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
Check for the sample here -
https://www.theinsightpartners.com/sample/TIPRE00005848/
GROWING DEMAND FOR FLOOR COATINGS IN INDUSTRIAL APPLICATIONS – INFLUENCE THE DEMAND FOR FLOOR COATING MARKET
Floor coating exhibits desirable properties such as waterproof, anti-static, anti-vibration, and anti-skid. These desirable properties have made them the favored coating in many industrial, as well as construction industries. Floor coating protects the concrete surfaces onto which they are applied and are responsible for extending the life of the underlying concrete floors. They are inert to oils, detergents and cleaners, transmission fluids, water, hail, snow, and corrosive chemicals.
Demand for Floor Coating Market
Floor coatings impart durability and strength to the normal concrete floors. They protect the concrete floors from abrasions and wear from the constant movement of automated guided vehicles, sliding carts, forklifts, etc. Moreover, the slip resistance provided by these coatings to floors helps minimize the accidents on work floors. The rising importance of ensuring workplace safety and worker welfare has led to high consumption of floor coatings in industrial applications. The deployment of floor coatings in industrial applications to increase productivity by allowing faster material movement and lowering the risks of accidents at workplaces is expected to fuel the demand for industrial-grade floor coatings during the forecast period.
Some of the companies competing in Floor Coating Market are
- Axalta Coating Systems Ltd.
- Apurva India Limited.
- Asian Paints Ltd
- Grand Polycoats
- Maris Polymers S.A.
- Michelman, Inc.
- The Lubrizol Corporation.
- The Sherwin-Williams Company.
- PPG Industries, Inc.
- 3M Company
Rapid industrialization and establishment of manufacturing and processing plants in developing economies in APAC are expected to drive the demand for floor coatings in the various industrial applications. Multinational corporations based in Europe and America are expanding their operations in developing countries of APAC such as China and India. The establishment of manufacturing facilities by major foreign companies has generated considerable demand for construction materials such as floor coatings.
ABOUT US:
The Insight Partners is a one stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
Contact US:
If you have any queries about this report or would like further information, please contact us:
North America: +1 646 491 9876
Asia-Pacific: +91 20 6727 8686
Email: sales@theinsightpartners.com
Arabic
French
Spanish
Portuguese
Deutsch
Turkish
Dutch
Italiano
Russian
Romaian
Portuguese (Brazil)
Greek